Bitcoin Returns since 2010... $BTC
Source: Charlie Bilello
Blockchain data shows a record 76% of bitcoin is owned by ‘long-term hodlers’ who have not moved their coins in +155 days
Source: Documenting Bitcoin, Ark Invest, Glassnode
Bitcoin hit $34k on short squeeze
BTC
SEC approval of Blackrock Bitcoin ETf was a FAKE NEWS
Bitcoin pumped (+10% to $30k) and dumped after BlackRock said that its application for an exchange-traded fund that invests directly in the cryptocurrency is still under review. Source: Bloomberg
Standard Chartered is ramping up its bullish Bitcoin prediction
Targeting as much as $120,000 by the end of 2024 — almost quadruple the current price — as increasingly cash-rich miners reduce sales of the token. “Increased miner profitability per BTC mined means they can sell less while maintaining cash inflows, reducing net BTC supply and pushing BTC prices higher,” Geoff Kendrick at Standard Chartered wrote Monday.
Will bitcoin follow gold?
Since Israel tragic event, Gold has surged >5pct, while bitcoin has dropped alongside the spike of the VIX. In the short-run, Bitcoin is highly sensitive to liquidity. Source: Lawrence McDonald, Bloomberg
Chartr on bitcoin volatility
For the most prominent cryptocurrency, the chaos of the 2020-2022 era seems long gone. Bitcoin, which was often criticized for being too volatile, hasn’t seen a daily gain or loss of more than 10% this year. That's in stark contrast to 2022 and 2021 when it swung outside this range 9 and 11 times, respectively. All told, the price of Bitcoin has risen more than 60% this year, despite the continued crackdown on major exchanges such as Binance and Coinbase. But, even though Bitcoin is looking a little bit more stable, enthusiasm for the sector more broadly looks to have vanished, with venture capital funding for crypto companies and projects falling to a 3-year low.
New record bitcoin hashrate!
420,000,000,000,000,000,000x per second Source: Documenting bitcoin
