Quick take:Veteran Bitcoin analyst, MagicPoopCannon, believes that once Bitcoin rises above $14k, it will challenge $20k nextHis analysis was a few hours before Bitcoin set a 2020 peak of $13,498 – Binance rateBitcoin is currently ranging between $13,300 and $13,400 and is only a few hundred dollars away from $14kBitcoin
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Summary:785,999 Bitcoin is held by private and publicly traded companiesThis translates to roughly $10.2 Billion using Bitcoin’s current value at $13kOf this amount, 610,302 Bitcoin is held by publicly traded companies and 175,697 BTC by private companiesBitcoinTreasuries.org is a website dedicated to tracking the amount of Bitcoin owned by notable
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Summary:Institutional demand for Bitcoin is rising as CME BTC Futures are now ranked secondThe open interest of the CME Bitcoin futures eclipses that of Binance, Bitmex and even BybitThis is a sign of continual institutional interest in Bitcoin Outside of futures platforms, 785,999 BTC is currently held by publicly traded companiesThe
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Summary:The chance of Bitcoin hitting $20k or higher by the end of the year currently stands at 7%This is a 2% increment from the 5% probability witnessed back in late JuneBitcoin’s open interest on major exchanges such as Binance has seen a significant increment in the last 48 hoursBitcoin bull
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Quick take:The team at Weiss Crypto Ratings has pointed out that Bitcoin seems to be decoupling from the stock marketThis comes after Bitcoin broke both $12k and $13k in quick succession as the stock markets were stagnantThe comments by Weiss echo those of Veteran BTC analyst, Willy Woo, who was
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In summary:Bitcoin is exhibiting a good level of bullishness above $11kHowever, Bitcoin’s correlation to stocks and gold could be a bad thing with the US elections two weeks awayA drop in the stock market and/or gold could mean a similar fate for Bitcoin in the short termThe end of the
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