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Bitcoin Back Above $46K on Low Daily Volume as Altcoins Outperform
Bitcoin rebounded from Thursday's 2.4% drop that saw BTC reach a low of around $43,800. Now, the world's largest cryptocurrency by market value is beginning to edge closer toward analyst’s projected $50,000 price tag. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Total Institutional Activity in Blockchain and Crypto at Record High
A new report from KPMG reveals investment in blockchain and crypto in the first half of 2021 exceeded the total for each of the previous three years. This is a sign of the evolving nature of investors, with more institutional money flowing as awareness and knowledge of the space proliferates. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
What's Next for Bitcoin After Reaching 3-Month High of $46K
Bitcoin is on a tear, rising 7% for the day as it charged toward a three-month high of $46,000, with new data revealing market sentiment is gradually building. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Rising Ether-Bitcoin Price Ratio Shows Crypto Risk Appetite
The crypto markets are in a risk-on environment, as evidenced by the recent rise in the ether–bitcoin (ETH/BTC) price ratio, and the trend appears set to continue. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Crypto Firms Took 6% of Global Venture Capital Funding in First Half of 2021
According to CoinDesk Research, an immense amount of capital is pouring into crypto companies through venture capital funds or direct investment. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Market Cap of USDC Growing Faster Than Tether
Half of the trades in and out of bitcoin are done with Tether, the dominant stablecoin and third-largest cryptocurrency with a $64 billion market cap. Yet, Coin Metrics reveals the market cap of stablecoin USDC is growing faster than that of USDT. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
BTC Daily Trading Volume Highest Since June 22
According to Arcane Research, as BTC's price spiked over $40K Monday, bitcoin's daily trading volume jumped over $9 billion in its highest climb since June 22nd. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
What Is Driving Bitcoin Prices Higher?
A short squeeze appears to have driven BTC prices higher, as those betting on bitcoin heading lower had to sell in quick succession to cover. Short liquidations or forced closure of sell positions due to margin shortage have likely added upward pressure on prices. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Lightning Network Gets Boost From El Salvador’s Bitcoin Law
Bitcoin committed to Lightning channels has grown about 30% since El Salvador's bitcoin law passed, according to CoinDesk Research. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
What Metcalfe's Law Reveals About Bitcoin's Price
Real Vision and Global Macro Investor (GMI) founder and CEO Raoul Paul says, “I cannot get bearish in the larger log chart/regression context, nor in Metcalfe’s Law terms,” responding to a chart illustrating bitcoin’s price since 2012 to present in comparison to a model of Metcalfe value. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.