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Everything you need to know about the current state of the Bitcoin rally

Bitcoin’s rally to $41000 and price discovery beyond it has been mostly straightforward. Most predictions made before the end of 2020 are looking conservative when compared to the price chart. Further price discovery is probable since the asset is trading at the $38000 level and the weekly change in price is 1.58 percent. The 24-hour change in price is nearly 4 percent and this may be a challenge for price discovery, however, based on Willy Woo’s Bitcoin Volatility chart, Bitcoin’s volatility has hit over 20% in the past 60 days...

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https://ecoindiscuss.com/everything-you-need-to-know-about-the-current-state-of-the-bitcoin-rally/

Understanding Bitcoin’s Scarcity – Bitcoin Magazine


Bitcoin is obviously scarce. And it seems to be becoming scarcer over time.

But, perhaps due to the current bull run, doubts about both of these propositions are seemingly on the rise among bitcoin skeptics. Criticisms come in a few different flavors. The main one that I have seen argues that bitcoin cannot be scarce because it is highly divisible. Recently, that particular line of reasoning was subject to some particularly colorful discussions on Twitter...

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https://ecoindiscuss.com/understanding-bitcoins-scarcity-bitcoin-magazine/

Bitcoin Dominance Does Not Signal Altcoin Season, Here’s Why

The size of the BTC market capitalization has been criticized as flawed, as not all coins in circulation can be sold at the market price for the moment. However, the number is viewed as a gauge to the sentiment about the chances of BTC or altcoins to rally.

What skews the metric is the fact that smaller altcoins and new projects tend to rally, rising to higher valuations. But those valuations don’t mean in any way that Bitcoin has been challenged in terms of technology or adoption. In fact, a rising market cap share may simply mean an asset or a set of assets is going through a pump...


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https://ecoindiscuss.com/bitcoin-dominance-does-not-signal-altcoin-season-heres-why/

Bitcoin Analyst Warns Price Could Dip Below $20,000; Here’s Why


The cost of one Bitcoin could end up plunging below its 2017’s record high of $20,000.

That is, according to a pseudonymous analyst, who determined the cryptocurrency’s bearish outlook based on a classic head and shoulder pattern. As of early Wednesday, BTC/USD had painted four out of five key components that confirm the said reversal indicator. They included three peaks with the middle one larger than the others, supported by a so-called neckline...


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https://ecoindiscuss.com/bitcoin-analyst-warns-price-could-dip-below-20000-heres-why/

Here’s how MicroStrategy CEO intends to get more companies to buy Bitcoin


Ever since business intelligence firm, MicroStrategy, invested $425 million of its treasury funds into Bitcoin last year, the company and its CEO have been lauded for supposedly driving mainstream BTC adoption.

The onset of the Bitcoin rally allowed MicroStrategy to take advantage of market conditions and increase the value of its BTC holdings. At the time when Bitcoin was nearing $13,000, MicroStrategy reportedly earned $100 million in two months, from their Bitcoin purchases. These figures were compared to the $78 million that MicroStrategy had earned in the last 3.5 years from their actual business operations...

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https://ecoindiscuss.com/heres-how-microstrategy-ceo-intends-to-get-more-companies-to-buy-bitcoin/

Total Cryptocurrency Market Cap Hits a Staggering $300 Billion: What’s Next?


The cryptocurrency market cap managed to reach $300 billion today, a level not seen since August 2019. Although a slight dip below this level has since occurred, it still represents a remarkable 61% gain in the six weeks since the start of the year.


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https://ecoindiscuss.com/total-cryptocurrency-market-cap-hits-a-staggering-300-billion-whats-next/

Bitcoin Holds Strong Above $30K, Why BTC Could Struggle Near $36K


Bitcoin Price Recovers From $30K

Yesterday, there was a sharp decline in bitcoin price after it broke the $35,000 support. BTC declined over 25% and it even broke the $32,000 support zone. It even traded close to the $30,000 level and settled well below the 100 hourly simple moving average.

A low was formed near $30,359 and it seems like the bulls remained in action above $30,000. There was a strong recovery wave from the $30,359 low and the price climbed above $32,000...

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https://ecoindiscuss.com/bitcoin-holds-strong-above-30k-why-btc-could-struggle-near-36k/

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On-Chain Analyst Explains What Caused Bitcoin to Plunge from $38k to $30k


Monday’s Bitcoin Correction

Bitcoin faced an extremely steep correction on Sunday and Monday after last week’s surge to new all-time highs. On Monday morning, the cryptocurrency plunged as low as $30,000 on top exchanges amid the volatility, over 25% below the $42,000 highs...


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https://ecoindiscuss.com/on-chain-analyst-explains-what-caused-bitcoin-to-plunge-from-38k-to-30k/

Stack 2.0 Introduces a New Way of Earning BTC


2020 is synonymous with many things. Coronavirus. Central banks going to the money presses. And growth; tremendous expansion in crypto.

In all honesty, most didn’t expect Bitcoin to tear higher like it did in 2020. From being minnows to indisputable champion in finance in 12 short years, there is so much more that investors are looking forward to in 2021...


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https://ecoindiscuss.com/stack-2-0-introduces-a-new-way-of-earning-btc/

Crypto user recovers long-lost private keys to access $4M in Bitcoin



A student has claimed to have found private keys accidentally HODLed starting as early as 2011 which will unlock more than $4 million in Bitcoin.

According to a throwaway account from BitcoinHolderThankU, the Reddit user was able to cash out roughly $4.2 million in Bitcoin (BTC) after finding the lost keys to 127 BTC on Dec. 22, when the price of the crypto asset was in the $23,000s. They later liquidated the coins in the middle of the bull run.

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https://ecoindiscuss.com/crypto-user-recovers-long-lost-private-keys-to-access-4m-in-bitcoin/

“Bitcoin Is Better” Than Gold – Bitcoin Magazine


This week, Anthony Scaramucci’s SkyBridge Capital announced the launch of its investment thesis, presentation and full website for its new Bitcoin Fund LP. Unlike other investment firms, it went a step further in explaining why it is actively choosing bitcoin over gold.

SkyBridge Capital’s main fund, with $9.3 billion in assets under management (AUM), has invested a now-roughly $300 million position in bitcoin. In December 2020, it announced that it was raising a new, separate bitcoin-only fund and had already transferred about $25 million worth of bitcoin into it...

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https://ecoindiscuss.com/bitcoin-is-better-than-gold-bitcoin-magazine/

Bitcoin.com Exchange Reveals Role in the Cryptopia Rescue Group



The world-class trading platform, Bitcoin.com Exchange announced it’s participating in the Cryptopia Exchange rescue consortium in order to help redistribute coins to customers. Bitcoin.com’s trading platform will provide an exchange environment in order to bolster the Cryptopia Rescue redistribution plan...


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https://ecoindiscuss.com/bitcoin-com-exchange-reveals-role-in-the-cryptopia-rescue-group/

Top 10 websites to find Job vacancies in Nigeria 2021


Job vacancy websites or recruitment websites are platforms that publish the latest job opportunities to help employers find the right applicants for their organizations, and also help applicants find jobs.

If you are looking for jobs in Nigeria, there are many job vacancy websites in Nigeria that you can browse through and find suitable jobs for your skill set...

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https://ecoindiscuss.com/top-10-websites-to-find-job-vacancies-in-nigeria-2021/

US Federal Reserve Governor Says They Are Speeding Up Cryptocurrency Regulations

Today, a news report from Reuters has mentioned, once again, that the blockchain industry continues to develop at an unprecedented speed, and that regulators need to get themselves caught up to speed, or risk behind left behind in the dust.

In fact, the report suggests that many of the world’s Central Banks are becoming increasingly worried that the ongoing development of cryptocurrencies and digital assets is threatening the very balance of the current global financial system...


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https://ecoindiscuss.com/us-federal-reserve-governor-says-they-are-speeding-up-cryptocurrency-regulations/

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Bitcoin Could Fall 20% in an Hour amidst Global Market Crash, Top Analyst Fears


That is according to Alex Krüger, a prominent market analyst who cast doubts over bitcoin’s ability to serve as an insurance against a global financial meltdown. His statements came as the cryptocurrency registered its biggest daily loss since September 2019 on the day that saw stock markets collapsing and oil prices crashing by more than a fifth.


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https://ecoindiscuss.com/bitcoin-could-fall-20-in-an-hour-amidst-global-market-crash-top-analyst-fears/

As Bitcoin Struggles At $12,000, Here Are The Next Targets On a Breakdown: BTC Price Analysis


Bitcoin’s exciting bull run might be over as quickly as it started after prices failed to close above the $12,400 daily resistance yesterday. Any hopes of a parabolic continuation will now have to be put on hold as bulls recover from the sharp decline.

In the last 24 hours, the global crypto market capital has lost $13 billion from its peak at $387 billion.

It’s still unclear what caused the sudden reversal. However, shortly after BTC prices catapulted to $12,400, the leading crypto broke into the overbought region on the 4-Hour RSI. This would have likely triggered a number of trading bots to sell and could’ve helped initiate the downtrend...

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https://ecoindiscuss.com/as-bitcoin-struggles-at-12000-here-are-the-next-targets-on-a-breakdown-btc-price-analysis/