Why is Bitcoin Price Growing Slower and Slower?

The potential short-term and long-term growth prospects of bitcoin can be gauged from the ongoing price activity. BTC price is facing increasing resistance on its way up. Volatility is decreasing with time. What does this mean for bitcoin’s overall outlook?  In his latest article, entrepreneur, engineer, and bitcoin optimist Harold Christopher Burger deeply analyzed the supposed reason behind BTC’s stunted market growth. As per his inference, two things become clear regarding bitcoin’s recent price evolution: The case for bitcoin’s diminishing yearly returns is growing stronger Bitcoin price fluctuations are becoming…

BitMEX Insurance Fund Seems To Be Working As Intended: CryptoQuant

Following the BitMEX Insurance Fund’s continued growth throughout the year, data provider, CryptoQuant, took a deeper look at the derivatives specialist’s on-chain data. Insurance Fund Now Holds 0.18% Of All Bitcoin Over the past 12 months the BitMEX Insurance Fund grew to almost 33.5k BTC, representing a 62% increase from the 20.77k BTC it held at the start of the year. This means that 0.18% of all bitcoin so far mined is now in the fund, up from 0.15% in August as Bitcoinist reported at the time. Total BTC Held By BitMEX…

Bitcoin in 2019: Positive BTC Performance Across the Board

With 2019 ending in a number of hours, here is a look at the positive performance for Bitcoin (BTC) across several network and market parameters. Bitcoin Price up 95% YTD At press time, the Bitcoin price is up by about 95% year-to-date (YTD). After a difficult 2018 that saw the top-ranked crypto drop 72%, BTC began the year slowly before entering a massive bull phase in Q2 2019. This bullish run saw Bitcoin surpass $13,000 in late June 2019 for the first time since January 2018. BTC would, however, fail…

Is Bitcoin Resilient Enough to Take on Cyber Threats in 2020?

Experts predict that Bitcoin and other cryptocurrencies will gain momentum in 2020 and therefore will become increasingly pervasive in all industry sectors. There will also be an explosion of cybersecurity threats targeting all verticals worldwide next year, they say. Bitcoin Transactions and Data on the Blockchain Are Safe Just like other industries, the crypto industry must also prepare to respond to the ever-changing crypto-security threats. Bitcoin’s resiliency resides in the randomness of the data exchanges within the blockchain, and the use of strong encryption. As a result, the blockchain and…

Recap Of 2019: Those Were The Biggest Bitcoin & Crypto Events Of The Year

It’s safe to say that Bitcoin, as well as the entire cryptocurrency market, were in for one wild ride in 2019. This is true in terms of price, but also for new developments, exciting events, important community positions, and so forth.  A lot of people believe that 2019 was the preparation year for Bitcoin and other cryptocurrencies – the period during which digital assets could claim a higher ground and be more recognizable, especially for regulators across the world. And this is no doubt the case, even though this particular…

Tezos Price Analysis: Lonely Top 10 Crypto In Green – Can XTZ Overcome $1.30?

Tezos slipped by a further 10% this week but managed to find strong support at $1.30. Against Bitcoin, the cryptocurrency has rebounded after meeting support slightly beneath 0.00018 BTC. Today, XTZ is the only positive-performing cryptocurrency from the top projects.  Key Support & Resistance Levels XTZ/USD Support:  $1.29, $1.20, $1.15. Resistance: $1.42, $1.64, $1.74, $1.80.. XTZ/BTC: Support: 0.000189 BTC, 0.00018 BTC, 0.000167 BTC. Resistance: 0.00022 BTC, 0.00025 BTC, 0.000262 BTC.. XTZ/USD –  Tezos Bounces At $1.30 Support Level Tezos continued to fall beneath the strong support at $1.50 this week.…

Bitcoin Loves Weekends: Saturday Was The Best ROI Day Throughout 2019

With only a few hours left to the start of 2020, a recent market report from Santiment, a platform for accessing cryptocurrency data and insight, revealed that Saturdays proved to be the best days for Bitcoin in 2019 with Fridays being the worst.  According to Santiment, they created a backtesting solution to calculate the daily average performance of any cryptocurrency, including Bitcoin, Ether, and other altcoins in the market.  Bitcoin (BTC) 2019 Daily Trend From the chart above, Bitcoin had a positive average performance in 4 out of 7 days…

Bitcoin Failed To Breach Through Resistance, Now Facing $7000 At The Last Hours of 2019 (Price Analysis & Overview)

Just a quick update to yesterday’s extended Bitcoin update: Shortly after reaching the significant resistance of the month-old descending trend-line, as of yesterday, Bitcoin got rejected and rapidly lost momentum. Failing to hold the $7400 and breach the December descending trend-line (marked light green on the following daily chart), had sent Bitcoin below the next support level at $7200. As of writing these lines, Bitcoin is trading slightly above $7200. Part of the reason could be the left-over CME price gap at $7313, which we mentioned here yesterday. The gap…

Craig Wright Is Supposed To Receive Private Key of 1 Million Bitcoins (Worth $8 Billion) Tomorrow

The controversy around the Wright versus Kleiman legal case continues, as the former is reportedly going to receive the private keys needed to access over one million Bitcoins on January 1st, 2020. If successful in retrieving them, it’s questionable how and if Craig Wright will dispose of the cryptocurrency and what the effect on the price of Bitcoin would be. Wright: I will not dump the coins Craig Wright has fought a few legal battles in the cryptocurrency space, including the one against the estate of his former business partner,…

Ethereum Price Analysis: ETH Back Above $130, Can 2019 Ends In Favor of The Bulls?

Summary Ethereum saw some brief stabilization this week after the cryptocurrency rebounded from $125 and broke above the resistance at $130. Against Bitcoin, ETH surged higher from the 0.017 BTC support as it trades at 0.018 BTC. Despite the recent price rebound, Ethereum has still lost a total of 10% over the past 30 days of trading. Key Support & Resistance Levels ETH/USD Support:  $130, $128, $120, $118. Resistance: $145, $152, $160. ETH/BTC: Support: 0.0171 BTC, 0.0169 BTC, 0.0164 BTC. Resistance: 0.0179 BTC, 0.0184 BTC, 0.019 BTC. ETH/USD –  ETH…