An interesting observation recently made by Willy Woo on the 18th of December 2020 was that over a period of 11.2 years, $1 invested in Gold appreciated to $1.82 whereas Bitcoin appreciated to $2,98,31,200. Now, there is enough literature associated with how Gold and Bitcoin are correlated and how the correlation drops periodically. However, thisContinue reading “Bitcoin: Here’s what more institutional participation has meant”

When Bitcoin’s price crossed $23,000, the market volatility dropped. With Bitcoin’s price trading within its newly-discovered price range, it seemed to be closely bound to the $22,500-level. In fact, at the time of writing, Bitcoin was valued at well over $23,000. In such a scenario, $22,300 comes across as the support level, an observation supportedContinue reading “What does the sell wall at $23,800 mean for Bitcoin?”

Grayscale Investments caught the media’s attention this week, after breaking above $10 Billion in digital assets under management. Interestingly, as Grayscale investment’s news broke the Internet, the trade volume on spot exchanges cooled off dropping below the $550 million price level based on data from Skew. Retail traders were drawn to Bitcoin when the priceContinue reading “Grayscale broke the internet this week: What does this mean for Bitcoin’s price”

DeFi projects added to its TVL at an astonishing rate this year. The TVL stood at $691 Million in January 2020 and nearly a year later, the TVL surpassed $15 Billion on Monday. The YTD growth of DeFi is over 2000% with the top 6 DeFi projects including Maker, WBTC, Aave, Compound, etc. registering overContinue reading “DeFi’s TVL crosses $15bn, here’s why it matters”

Bitcoin’s dominance is one of the biggest drivers behind its institutional interest and mainstream adoption. However, in anticipation of an altcoin rally, it was observed that Ethereum and XRP’s dominance rose 1.1% and 2.6% respectively, based on data from CoinGecko’s report. Against Bitcoin’s gradual price rally, Ethereum’s price increased by over 50% in November andContinue reading “Why Ethereum and XRP dominated the altcoin rally in 2020”

From $7,301 to $20,000, Bitcoin has seen it all in the past year. From regulatory ring-fencing, rejected ETFs, and seized Bitcoins, to hacks and thefts and the shutting down of several exchanges, it has been a wild ride in the truest sense. Yet, over the last 12 months, retail traders and HODLers have kept atContinue reading “Bitcoin breaks another major level as price crosses $20000!”

When Gold’s price drops, does Bitcoin have something to do with it? Gold’s price dropped by over 1.5% today while Bitcoin was down by over 2%. Over the previous week, Gold’s price dropped by 0.69%, while Bitcoin’s price was down by 0.84%. While things are different over longer periods, both these assets are different. FromContinue reading “Why is Gold getting clobbered again, is it Bitcoin?”

Another day, another outage. The impact of Google’s latest outage on many was impressive. Tens of thousands of users were unable to watch videos on YouTube and check their calendars, let alone access their emails. In fact, at the time of writing, Google’s Service page suggested that a significant number of users were still unableContinue reading “With Google’s Gmail, YouTube, etc. suffering outages, is it time for a decentralized solution?”

JP Morgan’s take on Bitcoin turned 360 degrees in 2020. This was understandable, however, as it wasn’t just Bitcoin’s price rally that caught the eye of institutional investors and banks, but it’s decoupling with gold too. According to one of the world’s biggest banking institutions JP Morgan Chase & Co., the rise of cryptocurrencies inContinue reading “Why are America’s top institutions making note of Bitcoin?”

The current Bitcoin bull run, or more appropriately labeled ‘price rally,’ has been initiated by large investors and institutions, not by retail traders. It is evident from the trade volume and activity on spot exchanges that institutions are buying and HODLing. There are big spot buyers and the correction in Bitcoin’s price, like the recentContinue reading “Bitcoin: Is the wait for a 40% drop in price justified?”

With Bitcoin’s price dropping below $19,000, the focus has shifted from the world’s largest cryptocurrency to Ethereum and the rest of the market’s altcoins. Institutions that dabbled in Bitcoin since June 2020 are now discovering Ethereum following the launch of ETH 2.0. In fact, scalability issues faced by Ethereum might have well become a thingContinue reading “What part are Ethereum-only portfolios playing?”

The corrections in the U.S stock market earlier this week fueled a fear among many that a pullback in Bitcoin’s price may be incoming too. Such fears were later validated, with the crypto-asset trading below $18,500, at press time. Bitcoin has been in an unfavorable position since it dropped below $19,000. After the price droppedContinue reading “Bitcoin ‘breaks free’ of S&P 500 correlation: What does this mean?”