Tag: Bitcoin

Bitcoin overtakes Saudi Aramco by market as price hits $93k

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Bitcoin has overtaken oil giant Saudi Aramco in terms of market cap after the benchmark cryptocurrency surged past $92,000 on Nov. 13. As Bitcoin (BTC) reached $93,000, its market capitalization hit $1.83 trillion. According to data from CompaniesMarketCap, this milestone has pushed BTC above Saudi Arabia’s oil giant, which had a market cap of $1.79 trillion at the time of writing. With the crypto market’s bullish sentiment in place, Bitcoin’s market cap could target the $2.2 trillion market cap of Alphabet/Google. Since Donald Trump’s victory as the next U.S. president,…

Beating Bitcoin

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With this universe in mind, we examined how many tokens in the top 150, on any given day, outperformed bitcoin over the next year. At certain points in 2019 and 2020, it seems like beating bitcoin was easy, with many tokens beating it by a wide margin (north of 1000% over bitcoin’s own generally stellar return, on average). What’s more, it used to not require too much exploration out of the scale of market cap to find the tokens beating bitcoin, with an average market cap rank of the outperformers…

Bitcoin Soars Amid a Perfect Storm of Global Change

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Why are investors feeling more optimistic than ever about Bitcoin? From sentiment indicators to market dynamics, here’s what’s sparking all the excitement. Historic highs and market dynamics  Bitcoin (BTC) is experiencing a remarkable resurgence after a prolonged period of volatility.  As of Nov. 12, BTC is trading near the $90,000 mark, currently around $87,000 levels. Earlier today, it reached a new all-time high of $89,900, reflecting a substantial 25% surge over the past week alone. Notably, this bullish trend has propelled the total crypto market cap past the $3 trillion…

Analyst Warns Of 10% Bitcoin Price Drop Ahead Of CPI Data

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Este artículo también está disponible en español. Recently, there have been significant fluctuations in the prices of Bitcoin; presently, they oscillate between $87,000-$87,500. This may not be eye candy to investors who are currently on the sidelines waiting for the coin to hit $90k, particularly the release of CPI data set today, November 13. This news is perceived by analysts to have a considerable influence on market sentiment and the expected direction of the alpha crypto asset. Related Reading The Barometer For Inflation Reflecting changes in the prices consumers pay…