Grayscale’s dropping BTC premium is sounding alarm bells for investors and traders alike. Alarm bells isn’t an understatement, especially since the premium plummeted to 2% from about 30% back in December 2020. What does this mean? Well, the premium may have been the only motivation for institutions to invest in GBTC, and not Bitcoin. ThisContinue reading “The GBTC story – How Grayscale determines Bitcoin’s price, future”

While institutions have fueled the current price rally, the contribution of MicroStrategy to Bitcoin’s current rally may be the most significant, and the traders that may have missed Bitcoin’s ascend to the new ATH above $41000 may make up for the ride, by earning returns through MSTR.  It was instrumental for the rally that beganContinue reading “Is MicroStrategy’s Bitcoin bet the highlight of 2021?”

Bitcoin’s range-bound price rally has left many traders waiting for another dip. There have been a few swift recoveries in the current market cycle and institutions have supported the rebound in price, however, the question remains – for how long? When will it be time to book profits on the assets accumulated in the pastContinue reading “How long will institutions pull the weight of Bitcoin’s price rally?”

Bitcoin’s price correction in the ongoing rally was rather short-lived and the asset is back trading at the $32400 level based on data from CoinMarketCap. Though traders endured losses in the dip, and institutions continued buying, the dip was rewarding for altcoins as it changed the direction of investment flow. Against 100% wallets HODLing BitcoinContinue reading “Will range-bound Bitcoin fuel an altcoin rally?”

The volatility that drove Bitcoin’s price below $31,000 has now brought it up to the $33,000-level, based on CoinMarketCap. In previous market cycles, the volatility has shown a cyclical nature. However, in the current market cycle, it depends on the momentum and activity of institutional investors. Back in 2018, there was institutional participation. Alas, theContinue reading “Who pulls the trigger on Bitcoin’s volatility?”

Since Bitcoin hit its ATH, analysts and traders have been anticipating a price drop/correction before a prolonged price rally to buy some more. This is one of the popular upsides of the current price drop in Bitcoin and Ethereum. As Bitcoin and Ethereum’s price rallies retraced and the trend reversed momentarily, the ratio between BitMEXContinue reading “Why now is the best time to buy Bitcoin, Ethereum”

What is the way out of the short-lived bear market? Is it swing trading or HODLing? Though different parties have different answers, what everyone can agree on is the fact that the altcoin market capitalization heads south every time there is a drop in Bitcoin’s price. This can partly be attributed to the correlation betweenContinue reading “Can XRP, XMR, other altcoin holders swing trade their way out of a bear market?”

Bitcoin whales who accumulated the crypto-asset at $33,000 and $31,000 price levels have moved their funds to unknown locations and private wallets. On the contrary, some have sold their holdings as the frenzy accompanying the price drop gathered steam. Bitcoin, at the time of writing, was trading at $31,800 after recovering slowly from the dropContinue reading “Bitcoin whales are moving funds fast – What’s next?”

Bitcoin’s price fell to $30,800 on Thursday, with echoes of Black Thursday sounding in a lot of people’s minds. This was the biggest price drop in 3 weeks and this may have been due to fears of double spending in Bitcoin, something that shook the faith of users. Though BitMEX confirmed that there was noContinue reading “Here’s how whales buying the Bitcoin dip will impact the market”

Bitcoin’s dominance is currently at 64.8% in comparison to 2017 in which its dominance was over 68%. The current crypto market cap is well distributed among top altcoins and stablecoins. After the price rallies in the current market cycle, nearly 100% of crypto wallet addresses are profitable. However, the same doesn’t hold true for altcoinsContinue reading “Will altcoins like XRP, Monero, Zcash see a comeback to pre-2018 levels?”

Is Ethereum recovering from the correction post the new ATH or approaching a sell-off? This is a burning question for many retail traders as the bloodbath across the altcoin market continues. Ethereum was ranking #1 in terms of transaction volume, though the asset beat Bitcoin to it, the top driving factor was the social volumeContinue reading “Where is Ethereum’s price rally headed?”

Open interest in CME Bitcoin options has increased 39.7% since the start of 2021 and its trade volume has also increased. Though Bitcoin is range-bound and has been after hitting $41000, there is an increased activity from institutional investors on spot exchanges. However, in the past week, on CME Bitcoin Options, the trade activity suggestsContinue reading “Why Bitcoin may close January below the $35000 price level”