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    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

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    Bitcoin Price Resumes Increase as The Bulls Aim Larger Rally To $25K

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    Solana Rally Could Gather Pace above $30

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    Who Will Reach $1 First In 2023?

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    5 Best New BSC Cryptocurrencies To Invest In 2023

    5 Best New BSC Cryptocurrencies To Invest In 2023

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

    Add These 5 Cryptocurrencies To Your Red Envelope This Chinese New Year

    Add These 5 Cryptocurrencies To Your Red Envelope This Chinese New Year

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  • Analysis
    Bitcoin Price Resumes Increase as The Bulls Aim Larger Rally To $25K

    Bitcoin Price Resumes Increase as The Bulls Aim Larger Rally To $25K

    Ethereum Price Key Indicators Point Firming Case For Recovery Above $1,250

    Ethereum Price Holds Ground And Sees Fresh Rally, Bulls Are Not Done Yet

    Bitcoin Price Consolidates In Key Range, What Could Trigger Next Move

    Bitcoin Price Holds Key Support But The Bulls Seem To Be Losing Steam

    Ethereum Price Offers Trade Opportunities After Recent Bullish Breakout

    Ethereum Price Another Rejection Signals Risk of Bearish Reaction

    Polygon (MATIC) Surges Nearly 10% As zkEVM Network Update Draws Near

    Polygon (MATIC) Surges Nearly 10% As zkEVM Network Update Draws Near

    Rallies 10%, Polygon Bulls Aim Big

    Rallies 10%, Polygon Bulls Aim Big

    XRP Whales Accumulate Massive Tokens

    XRP Whales Accumulate Massive Tokens

    Solana Rally Could Gather Pace above $30

    Solana Rally Could Gather Pace above $30

    BNB Price Rebounds Toward $250 But Risk of Drop To $200 Still Exists

    Ethereum Price Drops 6% and Signals Risk of Trend Change Below This Support

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PayPal Co-Founder Reveals The Reason Behind Increasing Bitcoin ($BTC) Price

2021-11-01
in Bitcoin
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Bitcoin Price Dip, Similar to That of 2017
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Peter Thiel, the co-founder of Paypal in a current assertion claimed he is aware of what’s driving Bitcoin value up this October. Thiel, the billionaire entrepreneur has been an avid Bitcoin proponent, and when the highest cryptocurrency rose to a brand new all-time-high (ATH) within the second week of October, Thiel confirmed indicators of FOMO claiming he was underinvested in $BTC.

Throughout his current look on the second Nationwide Conservatism Convention, the billionaire co-founder claimed that the rise within the value of crypto property proves that inflation is actual and went on to criticize Federal Reserves for downplaying it and bringing it below management. At a time when inflation is working havoc on the financial system regardless of a number of assurances from numerous authorities businesses, Bitcoin and different crypto-assets have touched a report excessive. Thiel stated,

“You already know, $60,000 Bitcoin, I’m unsure that one ought to aggressively purchase,” he stated. “However certainly what it’s telling us is that we’re having a disaster second.”

Theil believes the Feds might have taken extra acceptable measures to guard the shoppers somewhat than downplaying it. Whereas the inflation was undoubtedly anticipated, given the Coronavirus led a number of governments to print more cash for stimulus packages.

Bitcoin Continues to Consolidate Above $60K

Bitcoin value continued to consolidate above $60,000 after a flash crash final week that noticed the worth retrace to sub-$58K ranges. October proved to be a extremely bullish month for the highest cryptocurrency because it added practically $20K to its value. $BTC was buying and selling below $45K in the beginning of the month however quickly rose to a brand new ATH of $66,973, simply wanting the $67K mark. $BTC was buying and selling at $60,793 on the time of writing with a 1% surge in value over the previous 24-hours.

Bitcoin
Supply: TradingView

The final quarter has traditionally confirmed to be bullish for the highest cryptocurrency and as we enter November on a excessive, market pundits count on $BTC to get nearer to $100K.

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