Bitcoin price

Here’s why bulls aren’t bothered by Friday’s $525M Bitcoin options expiry

Even as $525 million in Bitcoin options expire on Friday, bulls are expected to strongly defend the $15.5K level. On Nov. 13, a total of $525 million in Bitcoin (BTC) options open interest is set to expire. This is similar to last week when $470 million in options open interest also expired. This presents somewhat […]

20 More Block Rewards from 2010 Spent Today – Why Are Decade-Old Bitcoins Waking Up?

Following the 21 coinbase rewards from 2010 spent on November 7, another long string of so-called ‘sleeping bitcoins’ mined a decade ago were transferred on Sunday morning. According to onchain data, the 20 block rewards from 2010 with 1,000 BTC were transferred at 4:02 a.m. EST. A ton of ‘zombie coins’ moved in 2020, after […]

Bloomberg suggests that Bitcoin should be $15,000 according to this adoption metric

Their belief seems to be that Bitcoin is destined to appreciate unless these key indicators reverse themselves. According to the Bloomberg crypto newsletter, a key on-chain indicator suggests that Bitcoin (BTC) is currently greatly undervalued.  Bitcoin active addresses, the 30-day average. Source: Glassnode. Bloomberg’s crypto analyst Mike McGlone believes that the recent all-time highs in […]

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