Over 17 Million Bitcoins Mined, Only 4 Million More to Go
Over 17 million Bitcoins have now been mined. That means there are only 4 million more that will ever be mined.
Bitcoin (BTC)
Bitcoin is the most commonly known cryptocurrency. It’s a decentralized digital currency that is secure and private and can be used in transactions worldwide. It carries with it a number of pros and cons and is currently rather volatile.
In this section we discuss everything Bitcoin including how it works, what it’s worth, how you can “mine Bitcoin”, and more.
The Kimchi and GBTC Premiums are Good Indicators of Crypto Sentiment
In some markets, people will pay a premium for Bitcoin products when crypto is doing well. Specifically, this can be seen in South Korean markets and in GBTC.
Thomas Lee’s Tax Season Bitcoin Prediction was Spot on
Thomas Lee of Fundstrat had a spot on prediction about Bitcoin, predicting it would go up as tax season ended (it did). His other predictions include $25k Bitcoin in 2018 and $91k by 2020.
Is this a Bull Run or Bull Trap? Past Bubbles Offer a Few Clues
There is one question on all our minds, is this a bull run or a bull trap? Past bubbles can offer clues, but no one can predict the future.
Crypto and the Golden Crosses
Many cryptos including BTC formed or are starting to form “golden crosses” on the popular 12 day and 26 day EMAs on daily candles.
Crypto is Flirting with Breaking the Downtrend
Bitcoin has been in a downtrend, along with the rest of cryptocurrency since mid January or so (the exact date differs by coin). Now many coins are gearing up to break out of the 2018 bear market.
Bitcoin Surges to $8k then Drops to $7.6k – $7.7k In Massive Short Squeeze
Bitcoin had some insane price action over night. It went from $6.8k, to $8k, then back to $7.6k – $7.7k as shorts (at a record high at the time) had to cover their positions.
Is U.S. Tax Season a Threat to Crypto Prices?
U.S. taxes are due April 17th. Some speculate that money will rush out of crypto before and in after. Both of those things are logically possible.
The GBTC and KimChi Premiums are Melting Away
The GBTC and KimChi premiums (explained below) are at some of the lowest points they have been in months. How one should interpret that is in question.
Coinbase Announces Support for Bitcoin Forks
Coinbase has come out and eluded to supporting forks, but now they have officially announced support for Bitcoin forks and other forks.