NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Crypto Tidbits: Bitcoin Roars Past $10k, Halving Days Away, Ethereum 2.0 Nears

Nick Chong
Nick Chong
5 years ago
3 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Another week, another round of Crypto Tidbits.itcoin has been one of the best-performing assets in financial markets over the past week, managing to rally as high as $10,100 — a price around 25% higher than two weeks ago. Altcoins, interestingly, have underperformed the market leader, with Ethereum and XRP both flatlining over the past week.

Crypto’s strength this week comes as the stock market has started to stagnate in the 2,800-2,900 point range. The S&P 500 and Dow Jones have been stalling as the economic outlook remains dismal, with a total of 30 million Americans filing for unemployment over the past six weeks.

BItcoin and altcoin price chart heat map
Chart from Coin360.com

Whatever the case, analysts are still bullish on Bitcoin.

Referencing the chart below, Raoul Pal — CEO of Real Vision and a former Goldman Sachs executive — said that Bitcoin’s move yesterday past $10,000. was a “KEY technical break.” This means that the “probability of vastly higher prices has risen dramatically.”

Chart of BItcoin breakout
Bitcoin breakout chart from Raoul Pal. “Classic charting techniques” gives a target of $40,000.

 

Related Reading: Crypto Tidbits: Bitcoin Hits $9ks, a16z Raises $500M Crypto Fund, Ethereum 2.0 Nears

Bitcoin & Crypto Tidbits

  • Legendary Macro Investor Paul Tudor Jones Buys Bitcoin: In a note titled “The Great Monetary Inflation” written by legendary macro investor Paul Tudor Jones, he wrote that Bitcoin in the ongoing macroeconomic backdrop is eerily reminiscent of gold in the 1970s. What happened with gold then, for those unaware, is the precious metal rallied hundreds of percent within years due to an influx of inflation (15% per annum at one point) and an abolishment of the gold standard. Jones added while he subjectively sees Bitcoin as the worst store of value amongst fiat, gold, and financial assets, he sees the cryptocurrency as the “fastest horse in the race.”
  • Research Paper Finds XRP, EOS, and Tezos are Not Monetary Crypto Assets: Researchers from London have found that three top blockchains — EOS, Tezos, and the XRP Ledger — have only a “small fraction of transactions used for value transfer purposes.” After compiling extensive data of transactions on the there aforementioned blockchains, making sure to obtain the metadata of each transaction, they found:

    “95% of the throughput on EOS was used for the airdrop of a valueless token, 82% of transactions on the Tezos blockchain were used to maintain consensus, and that only 2% of transactions on the XRP ledger resulted in value transfer.”

  • Ethereum 2.0 Still On Its Way, Developers Confirm: Ben Edgington of Teku, an ETH 2.0 client operator, was reported by Decrypt to have said that the Ethereum 2.0 upgrade is still on track for a 2020 launch. Speaking at the Ethereal Summit, which went virtual due to COVID-19, Edgington said that he is “80-90 percent confident it will go live by Q3.” The upgrade will implement a Proof of Stake consensus mechanism, which means Ethereum will slowly be phasing out the mining system that blockchains like Bitcoin and Litecoin utilize.
  • Bitcoin Halving Is Three Days Away: One of the most awaited crypto events ever, the Bitcoin halving of 2020, is now just three days away, according to blockchain data estimators. Analysts are divided over what this will mean for the cryptocurrency market, but the majority believe it is long-term bullish.
  • Crypto Could Benefit as Negative Interest Rates in U.S. Proposed: In a move bullish for crypto, Kenneth Rogoff, Professor of Economics at Harvard University, promoted negative interest rates in a recent op-ed for Project Syndicate. He theorized that the current monetary regime could result in a failure of a “rapid recovery” in the global economy, which would “destroy wealth on a catastrophic scale” due to the trillions in debt companies and individuals have. Thus, Rogoff proposed that central banks should take short-term interest rates below zero, going as far as to say -3% “or lower.”
Photo by Irina Iriser on Unsplash
Tweet123Share196ShareSend
Nick Chong
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Dogecoin

Dogecoin Megaphone Pattern Confirms Price Blowup, ‘Don’t Miss This Last Rally’—Analyst

Crypto analyst TradingShot has drawn attention to a bullish pattern for Dogecoin, indicating that a significant price surge is on...

Scott Matherson 3 hours ago
Bitcoin Dominance Continues Its Historic Climb – Altcoins Struggle To Gain Ground

Bitcoin Dominance Continues Historic Climb – Altcoins Struggle To Gain Ground

Bitcoin has officially entered a new chapter in its bull market, surging to fresh all-time highs near $118,800 after weeks...

Sebastian Villafuerte 6 hours ago
Crypto Founder Pushes Ethereum As World Reserve Asset: A Yield-Backed Store Of Value

Crypto Founder Pushes Ethereum As ‘World Reserve Asset’ – Details

Ethereum has finally broken above the critical $2,850 level, igniting momentum across the broader altcoin market. After weeks of sideways...

Sebastian Villafuerte 8 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Pi Network Turns Heads With Symbolic Transfers, $20M Volume Spike

Christian Encila 37 minutes ago

Web2 Habits, Web3 Rewards: How FUNToken Makes Crypto Feel Natural

News BTC 54 minutes ago
Bitcoin

Bitcoin SOPR Signals More Gains Ahead Despite New ATH – Analyst

Semilore Faleti 2 hours ago

Premium Sponsors

Press Releases

  • 新しい仮想通貨価格動向|話題の最新コインの成長可能性

    ...

    52 seconds ago
  • アルトコイン注目銘柄|2025年7月第2週に見るべき3銘柄

    ...

    12 minutes ago
  • ロビンフッドが1ドルから始めるETHとSOLのステーキングを開始──今注目の仮想通貨投資はこれだ?

    ...

    25 minutes ago
  • ミームコイン注目銘柄|暗号資産価格急騰で買うべきおすすめコイン

    ...

    40 minutes ago
  • [Lightning Launch] CoinBase Miner Earns $9141 a Day...

    4 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.