Fundamental view: Bitcoin rallied in the past week. The year 2020 was perhaps the best for Bitcoin ever, not only because of the price action but also for the massive increase in institutional interest. Currently, Bitcoin market capitalization is $382 billion after the digital asset hit $20,700 for the first time ever. During 2020, Bitcoin [...]
Fundamental view: The cryptocurrency market celebrates the New Year with new highs. Bitcoins jumped above $29,000 and set a new all-time high at $29,321 during the last week. Since that time, the pioneer digital asset has retreated to $28,800, though it is still 3.5% higher on a day-to-day basis. On a weekly basis, BTC gained [...]
Fundamental view: Bitcoin fell in the last week initially due to the positive sentiment for the greenback but it made a bounce back at the end of the week. Investors on social media platform declared a "Merry Bitmas. Bitcoin continues to be one of the market's coronavirus winners; with investors optimistic it will continue to [...]
Fundamental view: It's been a momentous week for Bitcoin. Since the beginning of October, the coin's value more than doubled; those who were wise enough to buy some BTC in the middle of March got away with 500% returns on their investments. Bitcoin made several approaches to $20,000 and finally smashed it amid substantial market volume. The [...]
