Analyst and Economist Believes The Current Rally To $8,000 Looks Like The Bull Market in 2017

Bitcoin (BTC) has recently surpassed $8,000 and it reached $8,300 a few days ago. This has created a very positive sentiment in the community that is excited about the future of the space. According to Holger Zschaepitz, a German economist, explained that Bitcoin is currently being traded above its “intrinsic value,” the cost of production per unit. Bitcoin’s Price Increase […]

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Report: Mass Withdrawals from Exchanges Could be Behind Bitcoin’s Price Rally | BTCMANAGER

Citing data from blockchain research firm TokenAnalyst, Bloomberg reported on May 15, 2019, that the current boom in the price of bitcoin (BTC) might just be the consequence of investors withdrawing their holdings from large exchanges due to renewed ambiguity surrounding their financial health. Bitfinex Tether Fiasco Could have Indirectly Pumped the Market The study by London-based blockchain research company […]

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Analyst: Bitcoin Isn't 'Hungover' Anymore, But Don't Expect A Rally Just Yet

Analyst: Bitcoin Isn’t ‘Hungover’ Anymore, But Don’t Expect A Rally Just Yet As traders have begun to realize that the news regarding the financial status of Tether Limited (USDT’s issuer) and Bitfinex isn’t all too harrowing, Bitcoin (BTC) has recently stabilized. In fact, analysts have claimed that the crypto market’s lack of reaction to the seemingly bearish news shows strong […]

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