Jefferies Greed & Fear email written by Christopher Wood recommends both retail and institutional investors buy Bitcoin (BTC) ahead of the upcoming halving which is less than eight days away. They anticipate that a rally after the event will be similar to the previous two halvings. Jefferies recommends that investors use Bitcoin to diversify their portfolio, similar to gold. However, forecasting a rally post halving just because the top-ranked cryptocurrency on CoinMarketCap has done so previously might not play out as expected. During the previous two halvings, the main participants were early crypto adopters but that is not the case …

The total crypto market capitalization has jumped from about $198 billion on April 22 to over $263 billion on April 30. This 32% rally in roughly eight days shows that investor sentiment is bullish. While this is a positive sign, the problem is that most people expect a repeat of the previous bull run. But with coronavirus still not reigned in, investors are likely to sway between extreme optimism and pessimism. Therefore, any up move is likely to have its share of sharp pullbacks. Crypto pioneer Charlie Shrem painted a bullish picture for Bitcoin (BTC) due to the upcoming halving …

The Bitcoin (BTC) whales have not been perturbed by the sharp rallies or the waterfall declines in Bitcoin in the past three years. As Cointelegraph recently reported, some major whales have not moved their Bitcoin holdings for an average period of 4.7 years. This suggests that the early adopters are in for the long game and they believe that the best is yet to come. The creator of the popular stock-to-flow (S2F) model Plan B has updated his model. This has led to a revision in the forecast of Bitcoin from $100,000 to $288,000 for the period between 2020 and …

The Bitcoin Association, which promotes Bitcoin SV, says the BSV network now rivals credit card processor VISA in terms of transactions per second. It also claims BSV transaction processors (miners) receive “better returns” than on BTC. In its first annual report, the Bitcoin Association (BA) said the Bitcoin SV scaling test network had “consistently sustained 1,300 transactions per second for a prolonged period, in addition to handling a peak load of 6,400 transactions per second” “To put the transaction capacity in perspective, the VISA network, which has long been viewed as the gold-standard for payment processors, handles an average of …

Crypto traders seem to be approaching the Bitcoin halving without any fanfare. Bitcoin’s (BTC) price action has been marginally positive in the past few days but it has only recently overcome the sharp crash of March 12. When the markets approach an important event without the overhang of huge expectations, it does not have to worry about disappointment and large-scale liquidation of positions. This could turn out to be in favor of the bulls. According to the Crypto Fear & Greed Index, trader’s sentiment that had remained in the “extreme fear” zone for seven weeks has improved to fear. As …

The total crypto market capitalization has bounced from just below $200 billion on April 22 to over $214 billion at press time. This is a positive sign as it shows that the sentiment is to buy the dips. If the market capitalization rises above $217 billion, it would open the gates for a rally to about $250 billion. A positive sign during the recent bullish move has been that along with Bitcoin several altcoins have also shown strength. As Bitcoin halving nears, tweets regarding “halving “ have picked up and are currently ranked second among the topics discussed related to …

Ethereum founder Vitalik Buterin has taken a veiled swipe at Satoshi claimant Craig Wright over his blockchain patent portfolio, resulting in a heated debate on Twitter. Buterin said that anyone who brags over blockchain patents does not understand blockchain: Tweet: If you're bragging about how many "blockchain patents" your country/company/organization has, you don't understand blockchains. — vitalik.eth (@VitalikButerin) April 23, 2020 Wright (nChain’s chief scientist) claims nChain has filed more than 800 applications for blockchain patents, and has been granted between 50 to 100. This patent portfolio poses a legal threat to blockchain projects from Bitcoin Cash to Lightning, and …

The recent carnage in US crude oil futures and the selling in Brent affected the equity markets but did not cause any noticeable fall in the crypto markets. This is a positive sign as it suggests that the crypto markets are gradually decoupling from other assets that are perceived as risky. A recent Bloomberg report outlined several reasons to support their view that Bitcoin is ready for a bull run in 2020. According to Bloomberg, “the unprecedented monetary stimulus” in the wake of the COVID-19 crisis will benefit both gold and Bitcoin. It has said that Bitcoin will become digital …

With the Bitcoin (BTC) halving only weeks away, anticipation appears to be building up as Google Trends data for the event show online searches reaching an all-time high. Bitcoin’s block reward halving comes following that of Bitcoin Cash (BCH) and Bitcoin SV (BSV), where miners moved their hashing power to the BTC Chain. Several crypto pundits point to the halving potentially having a significant impact on the BTC spot price. Indeed, Bitcoin’s two previous halvings — November 2012 and July 2016 — have each been precursors to a new, all-time price high for BTC. However, the situation in the crypto …

Bitcoin SV’s Jimmy Nguyen has denied claims he is “intentionally evading” a subpoena in the long-running court case brought by the Kleiman estate against Satoshi-claimant Craig Wright. Nguyen’s legal team has submitted an opposition to the Kleiman estate’s motion that he comply with a subpoena to produce documents and testify in the case, which involves a dispute over ownership of the 1.1 million Bitcoin Dave Kleiman allegedly mined with Wright. The plaintiffs had argued "Mr Nguyen may be intentionally evading service" based on the "sheer number of unsuccessful service attempts." But Nguyen’s submission said he wasn’t difficult to track down, …

WTI crude oil price today plunged over 92% to hit an intraday low of $1.1 per barrel at press time, a level which none of us would have even imagined to see just a few months back. This year alone, the asset class is down by over 98%. Excess production, a sharp drop in demand due to the ongoing pandemic, margin calls and the rising popularity of electric cars are some of the factors that have soured sentiment in the asset class. Though the fiat currencies have held up well during the current crisis, the incessant money printing, loss of …

Binance chief executive officer Changpeng Zhao said that trading activity across major crypto exchanges had increased between 3 to 5 times. This is a bullish sign as it “means there are a lot more people coming into the industry.” While quantitative easing and fresh money coming into cryptocurrencies is a positive development, the bull run might not start immediately. However, in the long run, as the supply of fiat currency increases, Zhao said that “mathematics will eventually work” as Bitcoin is a limited asset. In the short-term, Bitcoin’s halving is an important event that can increase the volatility. PlanB,the creator …