Tags : Point

Bitcoin

Jack Dorsey’s Square has ‘no plans’ to purchase more Bitcoin

Digital payments company Square, led by Twitter CEO Jack Dorsey, decided to hit the brakes—at least for the time being—on Bitcoin (BTC) purchases after losing $20 million on its previous crypto investments, the firm’s CFO Amrita Ahuja told Financial News yesterday. “We don’t have any plans at this point to make further [Bitcoin] purchases. There […]Read More

Bitcoin

New Indicators Point to Bitcoin Sell-off Slowing Down

New Indicators Point to Bitcoin Sell-off Slow Down  As Bitcoin recovers from recent lows of $43,500, new indicators have shown that the sell-off may be slowing down. SOPR dips in “full reset”  For the first time since September 2020, the SOPR (Spent Output Profit Ratio) indicator dipped below 1. This indicator, which tracks the variation […]Read More

Market

Bullish Bitcoin Fundamentals Point to Renewed Price Rally Ahead

Bitcoin’s on-chain metrics are painting a bullish picture after weeks of consolidation. The top cryptocurrency hit a peak price of $41,962 on Jan. 8 and has mostly traded the range of $29,000–$40,000 since, according to CoinDesk 20 data. However, demand continues to outstrip supply amid the price lull. “In 2021 so far, around 26,000 BTC […]Read More

Bitcoin

S2F Creator: Bitcoin Has Yet To Reach “Point of No

After shaking off the worst selloff in months without a scratch, the current Bitcoin uptrend seems completely unstoppable. Despite the incredible momentum that took the cryptocurrency from $10,000 to $40,00o in a flash, the creator of the world’s most cited valuation model says the asset has yet to reach the “point of no return.” When […]Read More