Bitcoin Equivalent of $4.7 Trillion Added to US Debt is $260k per BTC

Bitcoin equivalent of the $4.7 trillion US debt that was signed into federal law by President Trump would put the price of a single BTC at $260,000.  Trump’s Presidency Signed Laws to Expand Debt in Next Budget Period In a drive for expansion, US President Donald Trump has signed $4.7 trillion into law, since his inauguration in 2017. Those debt levels have been prepared to serve the US economy until 2029, with matching tax and spending policy changes. The US President was faced with several debt ceiling situations, leading to…

New Bitcoin Addresses Averaged At 124 Million Since 2017: Data

Bitcoin has shown growth in one metric that suggests positive views about adoption and the potential to reach new users. Active addresses and new addresses have grown, with a special uptick since 2017. Adoption, Activity Show Spike as Bitcoin Addresses Grow Constantly After BTC entered its most active bull market in December 2017, ownership expanded, with 124 million addresses created in total. Even during the bear market, and a rather tame 2019, address growth continued, at above 300,000 new addresses per day, shows analysis by Decentralized. The last decade also…

Bitcoin Will Soon Have a $100,000 Price Tag: Adam Back

Bitcoin price is not so far from reaching a $100,000 valuation, recalled Adam Back, founder of Blockstream. BTC broke $10,000 when it was not even expected to move above $1,000. Bitcoin Price Easily Revisits $10,000, Seen as First “Moon” Level BTC went on to revisit the $10,000 level with ease a few times. Over the years, bitcoin price reached a peak near $20,000, reached within just weeks from lows around $3,500. And $100k Bitcoin doesn’t seem so far given we already crossed $10k threshold a few times when few expected…

No Bitcoin and Gold Prices are Not Correlated: Research

Bitcoin is often called ‘digital gold,’ which led many to assume that the two assets are correlated in some way, but recent research has debunked such theories. Whenever someone starts researching the cryptocurrency space at all, it does not take long before they run into the phrase ‘digital gold.’ which is one of the most common ways people speak of Bitcoin. Some even believe that Bitcoin will become so highly-priced someday, that it will replace gold as a store of value. However, while the two assets are often compared and…

Bitcoin and Crypto Markets Crank $14 Billion, What’s Next?

Bitcoin and crypto assets are making a remarkable recovery today and markets are up almost $14 billion in under 24 hours. Bitcoin Leading Crypto Markets A few hours ago BTC started to move again, lifting off from its intraday low at support around $7,700. The move culminated in a top out at $8,250 according to Tradingview.com and a slight pullback has occurred over the past couple of hours. The 7% surge has been extremely bullish for the rest of the crypto market as around $14 billion has been added to…

Why JP Morgan Sees CME Bitcoin Options as ‘Highly Anticipated’

US banking giant JP Morgan believes bitcoin traders are anxiously waiting for Monday’s CME BTC options debut. Highly Anticipated Bitcoin Options When Bakkt announced its bitcoin futures contracts last year they were widely seen as highly anticipated in the build-up to launch day in September. What actually happened was another bearish day on crypto markets as bitcoin retreated further. Institutional products are slow-building and need time to gather momentum. Four months later and Bakkt futures are showing healthy volumes and growing open interest. ICYMI: Thursday’s Bakkt Bitcoin Monthly Futures: Traded…

5 Top Crypto Twitter Traders Are Bullish on Bitcoin Right Now

As Bitcoin (BTC) enters another bull-and-bear fight, ranging between $7,800 and $8,000, crypto Twitter traders are warming up to a bullish attitude. Leading Twitter Accounts See Potential for Bitcoin Earnings on Bullish Moves Leading social media names have returned with a bullish attitude to bitcoin price moves, as the coin is now battling out new support levels. DonAlt, @CryptoDonAlt, is ‘long and strong’ right now, and skeptical of bearish traders. BTC is still moving to test resistance levels, and a close below $7,500 may mean a more bearish attitude. But…