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Martin Gaspar
State of Bitcoin: ‘Calm Before the Storm?’
As bitcoin’s short-squeeze rally takes a breather, the world’s largest cryptocurrency by market cap is stalling ahead of the $50,000 resistance level and remains stuck in a sideways range.
How Bitcoin’s Hashrates Affect Its Price
Crypto miners in China are migrating elsewhere in response to the country’s continued crackdowns. CrossTower Research Analyst Martin Gaspar discusses the impact of bitcoin’s hashrate on its price and why this matters. “Bitcoin’s price and hashrate have been very correlated over time… so they tend to move with each other,” Gaspar said.
Is Bitcoin Still In a Bull Market?
A flood of bitcoin has been moving off exchanges since El Salvador President Nayib Bukele announced the nation is looking to adopt bitcoin as legal tender. Still, the crypto markets remain slightly changed, and the price of bitcoin has yet to rise past $40K. CrossTower Research Analyst Martin Gaspar discusses the short-term trend for BTC.
