Bitcoin News and Finance Bitcoin Price Captures a $64,895 High, Pantera CEO Says ‘BTC Rally Exactly Like Previous Halvings’ Skip to main content

Bitcoin Price Captures a $64,895 High, Pantera CEO Says ‘BTC Rally Exactly Like Previous Halvings’

Bitcoin Price Captures a $64,895 High, Pantera CEO Says 'BTC Rally Exactly Like Previous Halvings'

Cryptocurrency markets have been surging during the last 24 hours, as billions of dollars have flooded into the crypto-economy. Bitcoin’s value touched an all-time high (ATH) once again on Wednesday morning (EST), reaching $64,895 per unit. The latest price rise is leading up to the upcoming Coinbase direct listing on Nasdaq.

Crypto-Economy Surpasses $2.2 Trillion in Value

Digital currency fans are quite pleased on Wednesday morning, as a slew of new gains has been recorded across the entire crypto-economy. The entire crypto-economy is currently valued at $2.2 trillion and is up over 4% today. Bitcoin (BTC) touched a high of $64,895 per unit and is currently trading for $64,229. BTC is up over 2.6% today and up 15.5% during the last seven days. Despite the new ATH, bitcoin (BTC) dominance among the 9,215 cryptocurrencies in existence is only 53% today.

Bitcoin Price Captures a $64,895 High, Pantera CEO Says 'BTC Rally Exactly Like Previous Halvings'
BTC/USD on April 14, 2021.

Ethereum (ETH) has captured some of that dominance as the crypto asset ether is swapping for $2,380 per unit. This means that ETH now has 12.3% of the entire market capitalization. ETH is up 7% today and 21% for the week. Behind ETH is binance coin (BNB), which is trading for $572 per coin. BNB has jumped 1.9% today and a whopping 52% during the last week. XRP has managed to push tether (USDT) out of the fourth position as it currently trades for $1.82 per unit.

Bitcoin Price Captures a $64,895 High, Pantera CEO Says 'BTC Rally Exactly Like Previous Halvings'
Dogecoin (DOGE) prices have jumped considerably during the last 24 hours.

Cardano (ADA) is trading for $1.46 per coin, polkadot (DOT) is swapping for $42, and litecoin (LTC) is hovering around $272 per coin. Uniswap (UNI) is currently trading for $35 per unit and is up 1.3% today. The tenth-largest market position is held by dogecoin (DOGE) trading for $0.141 and is up a significant 86% on Wednesday. DOGE has been the forerunner as far as 24-hour gains are concerned among the top ten leading crypto assets.

‘Bitcoin Is Expanding its Range’

Just before the Coinbase direct listing and as BTC has touched a new ATH, a great number of investors and crypto executives are very positive. “Bitcoin has been continuously moving out of its niche, that’s no secret,” Eric Demuth, Co-CEO and founder of Bitpanda explained to Bitcoin.com News. “Whether it is its greater coverage in mainstream media, or the adoption of Bitcoin trading infrastructures by major banks such as JPM or Goldman Sachs. The decisive step was probably the first investments made by S&P 500 companies.”

Demuth further added:

Today, Bitcoin is expanding its range of private customers and is becoming increasingly important as an investment object for companies and pension funds. It’s record-smashing rally seen in recent weeks was partly driven by the entry of institutional money to the market. And yet, it seems as if opinions have become polarized leaving only two extreme positions on the subject: those who see this cryptocurrency as the holy grail and those who still refer to it as a purely speculative object and try to devalue Bitcoin with outdated and false myths.

Pantera Capital Predicted Bitcoin’s Current Price Range Last Year

Additionally, many others are quite optimistic about the market movements and BTC’s latest ATH. Dan Morehead, the CEO of Pantera Capital explained that his firm predicted these prices.

Bitcoin Price Captures a $64,895 High, Pantera CEO Says 'BTC Rally Exactly Like Previous Halvings'
Pantera Capital’s predictions last year in the company’s April 2020 Investor Letter.

“This is getting ridiculous. A year ago we predicted Bitcoin hitting $62,968 this week. It just did. This Bitcoin rally is EXACTLY like previous halvings. Likely to reach $115k by August,” Morehead tweeted. The company also published the firm’s April 2020 Investor Letter which shows the firm’s prediction.

Want to see all the crypto market action in real-time? Check out markets.Bitcoin.com today!

What do you think about bitcoin tapping a fresh new all-time high ahead of the Coinbase listing? Let us know what you think about this subject in the comments section below.

Comments

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl...

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju...

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and...

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r...
Blogarama - Blog Directory