MrBitcoin February 20, 2020

Bitcoin failed to climb convincingly above $10,200 against the US Dollar. As a result, BTC declined heavily below $9,800 and it is now vulnerable for a bigger a correction. Bitcoin price failed to clear the $10,200 and $10,300 resistance levels against the US Dollar. There was a sharp decline below the $10,000 and $9,800 support […]

MrBitcoin February 16, 2020

Bitcoin’s bearishness yesterday has spilled over into today, leading the cryptocurrency to slowly drift lower today as its bulls struggle to garner enough support to propel BTC back into the coveted five figure price region. This recent price action seems to have struck fear into the hearts of investors, as it could mean that the […]

MrBitcoin February 14, 2020

Bitcoin has consolidated above $10,000 this week. This is a pretty decent amount for one coin, so you might wonder how many people hold at least 1 BTC. Only About 2% of Addresses Hold 1 Bitcoin or More We’ll begin by checking the distribution of Bitcoin by addresses as presented by BitInfoCharts. As you can […]

MrBitcoin January 18, 2020

The number designating the dominance of Bitcoin (BTC) may be a faulty metric, especially when estimating the potential of altcoins. Instead, the metric has been proposed as a way to gauge the market direction. Bitcoin Dominance is a Flawed Metric The size of the BTC market capitalization has been criticized as flawed, as not all […]

MrBitcoin January 9, 2020

Mining is supposed to be a lucrative activity, earning cryptocurrency by running specialist machines continuously. But for Bitcoin SV (BSV) and Bitcoin Cash (BCH), this simple process is proving to be far from profitable. Miners Absorb Low Fees, Non-Lucrative Block Rewards Miners for the two blockchains, which split off from Bitcoin (BTC) in a rather […]

MrBitcoin January 9, 2020

Bitcoin price started a downside correction after rallying to a new 2020 high near $8,460 against the US Dollar. BTC corrected $500, but the price is still above many key supports. Bitcoin failed to continue above $8,500 and started a downside correction against the US Dollar. There was a significant correction below the $8,200 and […]

MrBitcoin January 7, 2020

Predictions forecasting future stance of bitcoin and crypto markets always make headlines. But what do the facts and data say? Blockchain analytics firm IntoTheBlock has come out with interesting insights which throw light on the current state of the BTC and digital asset markets. These also can be used to draw thoughtful conclusions about the […]