Bitcoin
BTC$61 090.10

1.12%

Ethereum
ETH$4 092.44

3.65%

Binance Coin
BNB$482.23

1.37%

Cardano
ADA$2.15

0.31%

Tether
USDT$1.000279

0.04%

Solana
SOL$196.09

0.66%

Bitcoin price doubles since the halving


21 Nov 2020

#Bitcoin

The price of BTC has more than doubled since the Bitcoin’s third block reward halving in May. To be precise, BTC has gained 110%, with prices rallying from $8,566 on May 11 to test $18,000 as of this writing. According to a Nov. 19 report from crypto analytics firm Chainalysis, levels of liquidity and exchange flows have changed dramatically since the halving.

The firm identifies illiquid, or investor-held Bitcoin, as “wallets that send less than 25% of Bitcoin they’ve ever received,” while the remaining wallets are classed as liquid Bitcoin, or trader-held Bitcoin. Chainalysis’ data shows that the number of Bitcoin available to new investors started to decline early this year, while illiquid BTC sharply increased. Chainalysis estimates that the number of Bitcoin that are currently liquid could be as low as 3.4 million.

The firm attributes the diminishing supply of liquid Bitcoin to wholesale accumulation from institutional investors throughout 2020:

“From high-profile investors like hedge fund manager Paul Tudor Jones, who compared buying Bitcoin to investing early in Apple or Google, to corporations like Square, which invested $50 million or 1% of its total assets in Bitcoin, mainstream companies, and financial institutions are turning to Bitcoin.”

Cryptocurrency fund manager Grayscale Bitcoin Trust, which represents more than a dozen high profile institutional investors, now holds more than 500,000 BTC — 50% of which was accumulated in the last six months.

Source


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 64% 76 $61 090.10 1.12% 0.65% $1 151 683 547 957 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 68.4% 57 $4 092.44 3.65% 7.23% $483 105 489 012 ETH 7 days price change
3 Binance Coin (BNB) BNB Binance Coin predictions 68.4% 60 $482.23 1.37% 3.75% $80 436 501 051 BNB 7 days price change
4 Cardano (ADA) ADA Cardano predictions 88.8% 12 $2.15 0.31% -1.09% $70 871 230 843 ADA 7 days price change
5 Tether (USDT) USDT Tether predictions 95.2% 1 $1.000279 0.04% 0.02% $69 593 548 856 USDT 7 days price change
6 Solana (SOL) SOL Solana predictions 69.6% 56 $196.09 0.66% 24.92% $58 988 029 346 SOL 7 days price change
7 XRP (XRP) XRP XRP predictions 73.2% 52 $1.090168 0.92% -3.95% $51 179 424 309 XRP 7 days price change
8 Polkadot (DOT) DOT Polkadot predictions 63.6% 79 $43.67 1.39% 5.18% $43 123 558 507 DOT 7 days price change
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10 USD Coin (USDC) USDC USD Coin predictions 96% 1 $1.000349 0.01% 0.03% $32 558 159 588 USDC 7 days price change
11 Terra (LUNA) LUNA Terra predictions 69.2% 65 $43.06 -2.23% 17.80% $17 287 870 965 LUNA 7 days price change
12 UniSwap (UNI) UNI UniSwap predictions 74.4% 48 $26.62 4.97% -1.06% $16 281 746 926 UNI 7 days price change
13 Avalanche (AVAX) AVAX Avalanche predictions 68% 65 $65.53 1.93% 13.12% $14 436 112 028 AVAX 7 days price change
14 Chainlink (LINK) LINK Chainlink predictions 78% 47 $30.72 8.84% 12.02% $14 159 954 933 LINK 7 days price change
15 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 64.4% 75 $61 125.58 1.14% 0.52% $13 557 206 404 WBTC 7 days price change

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