Crypto Legend Who Called 2018 Bitcoin Collapse Says One Chart Could Be the ‘Big Tell' for BTC

Veteran trader Peter Brandt is highlighting one metric which might reveal whether Bitcoin (BTC) has what it takes to rally after months of market woes. Brandt, who became a famous figure in crypto circles after correctly calling Bitcoin's 2018 collapse, tells his 664,300 Twitter followers that it would be a positive development for BTC if the The post Crypto Legend Who Called 2018 Bitcoin Collapse Says One Chart Could Be the ‘Big Tell' for BTC appeared first on The Daily Hodl.

Timeline of Bitcoin

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler discussed his opinions on cryptocurrencies, including Bitcoin, in an interview with Mad Money host Jim Cramer on CNBC recently. According to Gensler, Bitcoin is a commodity.

According to exchange data tracked by CoinShares, investors have withdrawn US$423 million in funds from digital assets last week, the largest such weekly outflow on record. Almost all the outflows were from Bitcoin (BTC), which experienced a net withdrawal of US$453 million in investments, CoinShares said. CoinShares shared that Bitcoin assets under management were at...

Hosting provider Dynamics Mining has ended its hosting arrangement with Compass Mining. Dynamics the firm has failed to pay essential bills and was in default on its obligations under the terms of their hosting agreement.

The world's largest crypto exchange Binance and its executives have strongly supported Bitcoin amid its price fall under intense market pressure. Brian Shroder, CEO of Binance said buying Bitcoin and continue accumulating Bitcoin at dips, just like he did when Bitcoin was at $29,000 and $19,000.

On Monday (June 27), crypto analyst Will Clemente, who is Lead Insights Analyst at Blockware Solutions, took a closer look at the Bitcoin price. Clemente, who was using data from blockchain data and intelligence platform Glassnode, was basing his claim on the fact that the Mayer Multiple is currently around 0.6. The Mayer Multiple, which

Ethereum (ETH) advocates have reacted after the United States Securities and Exchange Commission (SEC) Chairman Gary Gensler refrained from labeling the coin a commodity – and instead chose to name bitcoin (BTC) among the tokens the SEC chiefs before him deemed a non-security. He, however, contrary to many reports, did not single out bitcoin as 'the only' commodity. 

Current Bitcoin price analysis shows that BTC/USD is going down under once again as the price has been repeatedly rejected from the $21k level. The sellers are unrelenting near the higher price levels as per on-chain analytics.

Latest cryptocurrency survey conducted by Morning Consult shows that cryptocurrency owners in the United States are quite optimistic about the future price of Bitcoin. The number of owners barely changed despite the price crashes, which drove down the general crypto market cap to under $1 trillion.

Many cryptocurrency-based firms have faced the wrath of a crypto meltdown that saw LUNA drop to zero. Interestingly,  Three Arrows Capital (3AC), the beleaguered cryptocurrency firm tops the chart.

If your portfolio needs help right now, you're in the right place. While the wider crypto space has had a testing few weeks, things aren't all bad. In fact, the market right now could be viewed with positive caution, because a couple of weeks ago new lows were being predicted across the board. These lows …