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 […]

DeFi sector struggles as Bitcoin sees another surge

Bitcoin price recently saw a significant increase, while at the same time, DeFi tokens started declining. The two appear to be in negative correlation, and some speculate that BTC might be taking capital away. DeFi projects have been losing money to Ethereum, as well, even though most are based on its network. Both Bitcoin (BTC) […]

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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