Bitcoin’s hash rate dropped by significantly last week. This was the single largest one-day drop in mining hash rate since November 2017 that was enough to trigger mayhem in the cryptocurrency market as the week ended. This was due to the Xinjiang power outage, which caused an electrical grid blackout, causing Bitcoin’s hash rate to decline. […]
Willy Woo
Bitcoin Briefly Surpasses $60K Prompting Volatility Debates
From buying a pizza for 10,000 Bitcoin to the world’s first pseudonymous poker tournament that took place eleven years ago with the prize being 1,000 BTC, the cryptocurrency has sure come a long way. In yet another crucial development, Barron’s newspaper, which happens to one of the largest financial publications in the United States, just […]
Bitcoin Whale Moved Over $337 Million After Transferring 7,073 BTC
Bitcoin Whales appeared to be been cashing out which snowballed into and unbearable selling pressure in the market. February has been historically corrective for Bitcoin. Over the past week alone, the crypto-asset lost more than 20%. and was down to $45,381. Accompanying yet another daily correction was an unknown wallet transfer with a significant amount […]
Bitcoin reaches $29k ‘floor-price’; Where is the next rally headed?
Bitcoin reached its new-all time high of $42,000 on the 8th of January. The exhilaration associated with the massive bullish was high and certain proponents expected the price to move above $55,000 by the end of Q1 2020. However, after its 2nd re-test at $40,000 on the 14th of January, BTC dropped all the way […]
Bitcoin Analyst Criticizes Coinbase For Triggering ‘Bearish Havoc’
Bitcoin’s volatility has heated up and it is not just investors that are having trouble keeping up with the abrupt trends of the market. Several leading cryptocurrency exchanges such as Coinbase has transaction delays. But this time around, it is even more damaging. Coinbase Causes Bearish Havoc Many prominent individuals of the crypto space have […]
Here Why Bitcoin’s Rally Is Far From Done
Bitcoin’s price has been rallying and hitting milestones with each passing day. And this trend is in no mood to stop anytime soon. As noted by Bitcoin proponent and famous statistician Willy Woo the buying has been driven by market participants who are long-term holders of the crypto-asset. He further added, “This is bullish, this […]
Will Bitcoin’s Powerful Re-accumulation Help Crack $30K?
After a fresh rally right after a Christmas-pullback, Bitcoin continued registering new all-time highs and was now nearing $30,000. Thanks to the latest re-accumulation phase, the ongoing bullish momentum has managed to drive the world’s largest cryptocurrency to new highs every week. Bitcoin’s Retail Crowd Makes A Comeback? On a similar note, popular Statistician and […]
$200k Per Bitcoin By End Of 2021 Looks Conservative, Says Willy Woo
All eyes are in Bitcoin now. Its wild upward swings have given rise to wild predictions as well. This time, it is the popular on-chain analysts and Bitcoin advocate, Willy Woo, who weighed on how the cryptocurrency’s prospects for 2021 looks like. In a series of tweets, Woo went on to say that his “top […]
Over 500K Bitcoin outflows in 2020; BTC Hodling Re-Defined?
2020 has been an exceptional year for Bitcoin, but there have been some drastic changes over time. Data collected from Arcane Research indicated that between 15 March and 5 November, 560,428 BTCs had exited exchanges, resulting in the largest net outflow for collective platforms. The aggregated BTC exchange balance has decreased by 2.4 million for […]