Bitcoin price doubles since the halving
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.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 86.4% | 21 | $54 171.71 | 0.46% | -8.11% | $1 069 953 838 095 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 80.4% | 32 | $2 278.73 | 2.41% | -8.66% | $274 180 091 138 |  |
|
| 3 |  USDT |
Tether predictions | 96% | 1 | $0.999944 | 0.03% | 0% | $118 188 710 793 |  |
|
| 4 |  BNB |
Binance Coin predictions | 78.4% | 35 | $493.52 | 2.06% | -6.42% | $72 021 672 001 |  |
|
| 5 |  SOL |
Solana predictions | 77.6% | 47 | $127.94 | 2.89% | -4.31% | $59 814 736 265 |  |
|
| 6 |  USDC |
USD Coin predictions | 94% | 1 | $0.999978 | -0.01% | 0.01% | $34 954 935 823 |  |
|
| 7 |  XRP |
XRP predictions | 83.6% | 31 | $0.525292 | 0.47% | -7.13% | $29 589 387 492 |  |
|
| 8 |  DOGE |
Dogecoin predictions | 83.6% | 30 | $0.095602 | 3.99% | -4.85% | $13 944 931 182 |  |
|
| 9 |  TRX |
TRON predictions | 69.6% | 68 | $0.151836 | 2.39% | -3.33% | $13 168 814 014 |  |
|
| 10 |  TON |
Toncoin predictions | 62.8% | 84 | $4.69 | 1.84% | -12.86% | $11 890 669 138 |  |
|
| 11 |  ADA |
Cardano predictions | 78.8% | 37 | $0.328951 | 4.31% | -3.82% | $11 829 272 434 |  |
|
| 12 |  STETH |
Lido stETH predictions | 92.8% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 13 |  WTRX |
Wrapped TRON predictions | 91.2% | 1 | $0.116354 | -0.46% | 0.23% | $10 171 995 609 |  |
|
| 14 |  WBTC |
Wrapped Bitcoin predictions | 94% | 1 | $65 806.83 | 0.78% | -2.68% | $10 083 957 608 |  |
|
| 15 |  AVAX |
Avalanche predictions | 71.2% | 52 | $21.90 | 3.94% | -3.05% | $8 875 077 921 |  |
