AuthorEkta Mourya

Why Bitcoin will replace US Dollar as the World’s Reserve Asset

why-bitcoin-will-replace-us-dollar-as-the-world’s-reserve-asset

Why Bitcoin will replace US Dollar as the World’s Reserve Asset is as much a story of the United States Dollar, as it is of Bitcoin. It started when United States GDP was a third of the world’s GDP and even larger when it comes to the manufacturing sector, at the close of the second world war. World Economic Report, 1948 had a separate section on Economic Activity in the United States and other...

Why Bitcoin’s realized volatility is below 100% in a Bull Run

why-bitcoin’s-realized-volatility-is-below-100%-in-a-bull-run

Traders who witnessed Bitcoin’s 80% drop in price following the 2017 Bull Run to ascent from $1000 to new ATH of $19891.99 on Coinbase in 2020 have seen it all. The rally of massive volatility, the quiet rally and the quietest ever rally. Despite the media attention, a certain degree of hype on social media, especially Crypto Twitter, and rapid institutionalization, Bitcoin’s price rallied...

Is DeFi eating Wall Street?

is-defi-eating-wall-street?

Will DeFi with its inverse BTC correlation eat Wall Street? In his latest tweet, Tyler Winklevoss of Gemini Exchange mentioned that “DeFi is the software that is starting to eat Wall Street”. Since DeFi’s market capitalization is still one-third of XRP’s market capitalization there may be room for growth. As Tyler argues, DeFi may eat Wall Street, though not just yet. DeFi’s top project YFI’s...

Ethereum long-term Price Analysis: 08 December

ethereum-long-term-price-analysis:-08-december

With the collective digital asset market showing little change over the past week, Ethereum too was victim to the same. Ether value ranged roughly between $565 and $620, maintaining position between the set of resistance and support. Indicative of another bearish turn, we analyzed Ethereum’s long-term chart to figure out its immediate trading range in the coming weeks. Ethereum 1-day chart The 1...

Was this weekend different than the previous ones for Bitcoin?

was-this-weekend-different-than-the-previous-ones-for-bitcoin?

Another weekend for Bitcoin’s price action has passed quietly. The entire week, as Bitcoin’s price hit new ATH, there was the anticipation of the price crossing $20000. There was an increase in percent active supply and the increasing liquidity by whales was balanced by retail and institutional buying. In the past week, the price increased by over 4.4%. Based on data from CoinMarketCap, the trade...

Bitcoin SV, EOS, Aave Price Analysis: 08 December

bitcoin-sv,-eos,-aave-price-analysis:-08-december

Ethereum has been dormant in the short-term, and Bitcoin Dominance has also been relatively flat over the past few days. The altcoin market was waiting for a breakout or breakdown. Bitcoin SV faced strong resistance from $180, while EOS tried weakly to get past the $3 level of resistance, a move that would signal a weakened bearish strength. Aave had a steady stream of buyers but exhibited a...

What’s stopping Bitcoin from climbing to $20,000?

what’s-stopping-bitcoin-from-climbing-to-$20,000?

When Bitcoin’s price hit a new ATH on most cryptocurrency exchanges, traders expected it to hit $20,000 quickly. However, the crypto-asset soon faced a wave of corrections following the same, even as its market cap crossed $354 billion and it became the 7th largest currency in the world.  To many, the $20,000-level may seem unattainable too since it often counts as a psychological milestone too...

How Bitcoin’s active supply hit both an ATH and an ATL

how-bitcoin’s-active-supply-hit-both-an-ath-and-an-atl

Bitcoin, at the time of writing, was trading well above $19,000 on the charts. However, while that is a bullish observation, a closer look at Bitcoin’s fundamentals would reveal a contradiction of sorts. Curiously, the active supply of Bitcoin has hit both an ATH and an ATL. This contradictory position is possible entirely due to the difference in movements of the 1Y old supply and the 2Y-3Y old...

What’s next for Bitcoin and Gold’s correlation?

what’s-next-for-bitcoin-and-gold’s-correlation?

When Bitcoin decoupled from Gold in November 2020, on-chain analysts predicted that it was gearing up to hit a new ATH on the charts. As it happened, that’s exactly what happened. However, the sentiment on the part of the market’s retail traders was mostly mixed after the Bitcoin-Gold correlation dropped so dramatically. The “store of value” narrative led to the pre-bull run market rally in mid...

What are the world’s best Bitcoin investors saying behind closed doors?

what-are-the-world’s-best-bitcoin-investors-saying-behind-closed-doors?

Bitcoin’s rapid institutionalization has raised many eyebrows, around the world. In addition to this, it has also raised the interest and investment of institutional investors, family offices, and HODL waves from retail. In the latest episode of the Pomp Podcast, Raoul Pal takes us to conversations that happened behind closed doors between Macro guys from the 90s. The barrier to entry in Bitcoin...

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