Bitcoin
BTC$23 429.91

-2.98%

Ethereum
ETH$1 847.57

-3.79%

Tether
USDT$1.000067

0%

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USDC$0.999890

-0.03%

Binance Coin
BNB$307.09

-4.56%

XRP
XRP$0.375757

-3.10%

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 86% 13 $23 429.91 -2.98% -4.72% $448 083 931 933 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 68.8% 57 $1 847.57 -3.79% -2.43% $225 419 148 922 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 91.2% 1 $1.000067 0% -0.03% $67 570 461 571 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 90.8% 1 $0.999890 -0.03% 0% $53 158 442 176 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 68% 64 $307.09 -4.56% -7.60% $49 544 493 340 BNB 7 days price change
6 XRP (XRP) XRP XRP predictions 92.4% 10 $0.375757 -3.10% -1.87% $18 553 995 523 XRP 7 days price change
7 Cardano (ADA) ADA Cardano predictions 82.4% 30 $0.539350 -6.65% -0.67% $18 302 331 679 ADA 7 days price change
8 Binance USD (BUSD) BUSD Binance USD predictions 93.6% 1 $1.000057 -0.01% 0.02% $18 286 483 855 BUSD 7 days price change
9 Solana (SOL) SOL Solana predictions 82.4% 33 $40.86 -7.69% -7.78% $14 252 146 077 SOL 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 82% 28 $0.081251 -6.65% 12.66% $10 779 653 085 DOGE 7 days price change
11 Lido stETH (STETH) STETH Lido stETH predictions 91.6% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
12 HEX (HEX) HEX HEX predictions 67.6% 66 $0.058473 -3.79% -4.52% $10 139 813 771 HEX 7 days price change
13 Polkadot (DOT) DOT Polkadot predictions 70% 54 $8.44 -7.21% -10.90% $9 357 728 015 DOT 7 days price change
14 SHIBA INU (SHIB) SHIB SHIBA INU predictions 77.2% 45 $0.000015 -8.15% 19.00% $8 186 277 612 SHIB 7 days price change
15 Avalanche (AVAX) AVAX Avalanche predictions 71.2% 63 $25.91 -7.28% -12.86% $7 382 471 158 AVAX 7 days price change

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