But that may not mean what you think it means. In its latest crypto newsletter, Bloomberg said that according to its records, the correlation between Bitcoin (BTC) and gold is at its highest level since 2010: Bitcoin and gold correlation. Source: Coin Metrics. If you look at the chart above or find other charts online…
Read more
Limited supply and increasing demand are pushing Bitcoin into becoming digital gold. In September’s crypto outlook newsletter, Bloomberg’s analyst Mike McGlone observed that the price of Bitcoin (BTC) could either be heading to the $500,000 mark, or it could fail. McGlone has continued to reiterate that in his view, Bitcoin is set to become digital…
Read more
New details reveal the unusual strategies employed by ransomware negotiators in a recent attack on the University of California. Details of a week-long negotiation between the University of California and a NetWalker ransomware gang have been revealed by Bloomberg. The University’s School of Medicine was working on a vaccine for Covid-19 in June this year…
Read more
Bloomberg finds Ethreum’s bull run to be speculative while contending that Bitcoin’s appreciation is driven by fundamentals. In its August crypto outlook, Bloomberg remained unimpressed with Ethereum, calling its rally “speculative”. The publication contends, however, that Bitcoin’s (BTC) rise is based on solid ground: “Ethereum has extended last year’s highs and leaped to one of…
Read more
An on-chain metric which has been declining since 2017 is now signaling a bullish trend, analysts from Stack Funds say. A new report analyzing on-chain activity says that Bitcoin (BTC) is now due for a bullish phase based on supply movements. Published by asset manager Stack Funds on July 2, the findings suggest that 90-day…
Read more
According to Bloomberg, the narrowest ever bollinger bands suggest that Bitcoin is consolidating for a major breakout. Bloomberg remains optimistic about Bitcoin (BTC) as long as it stays above a key resistance level. Bitcoin Bollinger Bands. Source: Bloomberg The latest report by Bloomberg analyst, Mike McGlone, contends that Bitcoin is consolidating. He speculates that due…
Read more
Bloomberg thinks Bitcoin could return to record highs of $20,000 this year, but warns Ether may not be the world’s second-biggest cryptocurrency for much longer. Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions…
Read more
Bloomberg’s report that provides crypto outlook for June says that it expects Tether to pass Ether as the number two cryptocurrency on the strength of the dollar. A report from Bloomberg that provides a crypto market outlook for June says that it expects Tether (USDT) to surpass Ethereum (ETH) in market capitalization. The report notes…
Read more
Bloomberg says that all signs point to Bitcoin going on the major bull run in 2020, the only question is whether it will break the all time high of $20,000. The latest report from Bloomberg reveals that the company expects Bitcoin (BTC) to retest the record highs from 2017, and may even go as high…
Read more
Bloomberg analyst concurs optimistic on-chain indicators. Data from the blockchain intelligence company, Glassnode, suggests that Bitcoin (BTC) has entered the “Optimism” phase amongst traders. The metric subtracts the net unrealized loss from the net unrealized profit of all circulating Bitcoin supply to gauge market sentiment. This indicator tends to increase during bull markets and the…
Read more
