Bitcoin
BTC$68 622.46

1.24%

Ethereum
ETH$3 765.75

-0.28%

Tether
USDT$0.999683

0.04%

Binance Coin
BNB$595.08

-0.23%

Solana
SOL$168.10

-0.68%

USD Coin
USDC$1.000023

0.01%

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 73.2% 50 $68 622.46 1.24% 0.74% $1 352 244 970 263 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 62.8% 83 $3 765.75 -0.28% 0.15% $452 415 883 627 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94.8% 1 $0.999683 0.04% 0.02% $111 928 235 636 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 91.2% 6 $595.08 -0.23% 0.55% $87 825 806 662 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 62.8% 76 $168.10 -0.68% -1.47% $77 263 137 184 SOL 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 96% 1 $1.000023 0.01% 0.01% $32 197 734 673 USDC 7 days price change
7 XRP (XRP) XRP XRP predictions 92.4% 6 $0.522195 -1.33% -1.91% $28 945 490 305 XRP 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 72% 57 $0.160154 -3.46% 1.47% $23 142 913 180 DOGE 7 days price change
9 Cardano (ADA) ADA Cardano predictions 85.6% 20 $0.448107 -2.40% -3.96% $15 996 646 457 ADA 7 days price change
10 SHIBA INU (SHIB) SHIB SHIBA INU predictions 79.6% 43 $0.000027 -1.69% 10.35% $15 773 784 154 SHIB 7 days price change
11 Toncoin (TON) TON Toncoin predictions 69.2% 56 $6.49 -0.24% 3.37% $15 645 142 151 TON 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 74% 52 $36.44 -1.24% -3.98% $14 319 830 046 AVAX 7 days price change
13 Chainlink (LINK) LINK Chainlink predictions 61.6% 88 $18.18 -4.37% 14.40% $10 675 478 321 LINK 7 days price change
14 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 72.4% 50 $68 369.76 0.98% 0.71% $10 629 206 030 WBTC 7 days price change
15 Lido stETH (STETH) STETH Lido stETH predictions 94% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change

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