Why Bitcoin Is Poised to Rally 25%, Spring Past $9,000 In Coming Weeks

Over the holiday season, Bitcoin (BTC) has stalled in the low-$7,000s, finding itself stuck between heavy macro support in the mid-$6,000s and rather pertinent resistance in the high-$7,000s, which the cryptocurrency has been rejected by multiple times. Related Reading: Why Bitcoin’s Hash Rate High Suggests Price Explosion On Horizon Although some say that these rejections are …

River Financial Wants to Be the Bitcoiner’s Charles Schwab

Ever since he read the Denationalization of Money by Friedrich Hayek in college, Alex Leishman, the co-founder and CEO of River Financial, had been on the search for an alternative currency. The aerospace engineer major turned amateur Austrian economist wanted to build a financial institution around this yet-to-be-found, nongovernment-issued money. Leishman thought the banking-free option …

How Bitcoin ‘Under-performed’ in 2019 by Rising 85%

2019 was only really positive for a handful of digital assets, namely bitcoin. While it ended up 85%, it was the worst positive year on record which could be a sign that things are slowing. Bitcoin Under Performs in 2019 It may sound strange that an asset that made 85% in a year under-performed but …

Op Ed: Three Bitcoin Trends That Left Their Mark on 2019

It has been an eventful year for bitcoin. Digital Assets Data, which records, collates and analyzes cryptocurrency and blockchain transaction, value and popularity information, has identified a few essential trends as 2019 comes to an end. Here are three bitcoin trends that we’ve been following this year. Bitcoin as Digital Gold To begin with, anyone …

Bitcoin UTXO Growth Hits New All-Time High, But What Does it Mean?

The Bitcoin (BTC) record is showing one indicator of extreme growth this year – the count of Unspent Transaction Outputs, or UTXO. This growth points to several potential explanations. UTXO Growth May Signal Coin Mixing Activity Each bitcoin transaction has the potential to generate UTXO, or “change”, which is then redistributed to a change address. …

Hashing Ahead: A Look at Bitcoin Mining in 2020

The December 2019 report on the Bitcoin mining network from CoinShares Research, a division of the digital asset management firm, presented an industry in good health at the end of the year, with a hash rate that had almost doubled in the previous six months, a new generation of more powerful and efficient technology on …

Bitcoin Price Needs to Break $7.8K to Turn Bullish

Bitcoin (BTC) is once again stuck in a range, moving for weeks between support and resistance levels around $7,000 to $7,500. Now, new analysis pegs a support of $7,800 as a sign of a new bullish trend. Bitcoin Stuck in a Range Ahead of New Year Bitcoin prices rallied close to $7,500 in a weekend …