Bitcoin
BTC$70 601.40

0.59%

Ethereum
ETH$3 576.96

-0.21%

Tether
USDT$0.999505

-0.06%

Binance Coin
BNB$587.37

1.51%

Solana
SOL$185.26

-1.52%

XRP
XRP$0.621025

-0.17%

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 74.4% 44 $70 601.40 0.59% 5.29% $1 388 483 752 635 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 75.6% 48 $3 576.96 -0.21% 1.26% $429 492 342 280 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92% 1 $0.999505 -0.06% -0.05% $104 402 489 588 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 63.2% 80 $587.37 1.51% 5.00% $87 833 160 761 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 61.2% 89 $185.26 -1.52% -1.90% $82 311 563 061 SOL 7 days price change
6 XRP (XRP) XRP XRP predictions 79.2% 31 $0.621025 -0.17% 0.39% $34 084 472 887 XRP 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 92.8% 2 $1.000099 0% -0.01% $32 215 831 929 USDC 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 64% 68 $0.216544 16.10% 42.85% $31 106 856 640 DOGE 7 days price change
9 Cardano (ADA) ADA Cardano predictions 69.6% 67 $0.651385 -0.67% 2.99% $23 176 673 380 ADA 7 days price change
10 Avalanche (AVAX) AVAX Avalanche predictions 61.6% 88 $54.30 -1.23% -1.02% $20 494 058 453 AVAX 7 days price change
11 SHIBA INU (SHIB) SHIB SHIBA INU predictions 55.2% 94 $0.000032 5.42% 19.44% $19 062 332 858 SHIB 7 days price change
12 Toncoin (TON) TON Toncoin predictions 56.4% 88 $4.94 -0.69% 19.61% $17 156 092 593 TON 7 days price change
13 Polkadot (DOT) DOT Polkadot predictions 72.4% 52 $9.57 -0.32% 1.87% $13 651 390 804 DOT 7 days price change
14 Chainlink (LINK) LINK Chainlink predictions 75.2% 42 $19.58 -0.71% 7.29% $11 494 161 063 LINK 7 days price change
15 Bitcoin Cash (BCH) BCH Bitcoin Cash predictions 72.4% 60 $573.04 16.21% 33.25% $11 278 357 239 BCH 7 days price change

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