Tag: 13K

There Are Over 13K Bitcoin Addresses Worth $1M

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There are over 13,000 Bitcoin (BTC) addresses that are worth at least $1 million, according to data from Glassnode. 107 BTC to become a millionaire At the current prices, it takes about 107 BTC for an address to become a dollar millionaire. Since this metric is tied to the dollar price of Bitcoin, it tends to fluctuate a lot. For comparison, the number of addresses that contain at least 100 BTC has a much lower volatility. Bitcoin addresses that hold ≥ 100 BTC v. addresses that hold ≥ $1M worth…

Bitcoin’s “Intrinsic Value” Nears $13k — Here’s Why That’s Big for Bulls

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Bitcoin has performed extremely well since March’s lows, rallying over 150% from the $3,700 capitulation bottom. Even after a strong $1,200 retracement from the $10,500 highs, BTC is still one of the best-performing assets of 2020. Yet a crucial indicator suggests that Bitcoin is still intrinsically undervalued, boding well for the bull case. Related Reading: Crypto Tidbits: Bitcoin Stalls at $9k, Cardano Shelley, Elon Musk & Ethereum A Crucial Bitcoin Indicator Suggests Bitcoin Is Seriously Undervalued Many analysts, especially those on Wall Street, find it hard to value Bitcoin. The…

CME Data Predicts Bitcoin at $13K in June-July, Investors Are Bullish

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Current data from CME and other Bitcoin price monitoring bodies have shown a bullish activity among institutional investors which may help Bitcoin price to hit $13,000 in June-July Bitcoin, the first-ever digital currency which was created in 2008 by Satoshi Nakamoto and came into limelight in 2009 is renowned for its volatility, a factor that influences the price and market value of all other digital currencies collectively known as altcoins. CME data shows that Bitcoin remains bullish despite trading below $10,000 all week long. As we approach the end of…

Bitcoin Loophole: Wanna Make $13K in 24 Hours? This Crypto Trading App Is a Scam

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A bitcoin investment scheme claiming to help people make over $13,000 within 24 hours has recently gained more attention. Bitcoin Loophole claims to be an algorithmic crypto trading app that enables its members to make daily profits and become millionaires within 61 days. However, it is a scam associated with a different kind of investment. Bitcoin Loophole: Crypto Trading App Scam The record-high unemployment in many countries, led by the coronavirus crisis, has forced many people to look for jobs or ways to make money online. Investment schemes preying on…