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A $100,000 Bitcoin is Not a Meme Anymore

About three years ago, Morgan Stanley analyst James Faucette and his team sent a note to its clients about Bitcoin. In the paper, the group suggested that the actual value of the benchmark cryptocurrency, which was trading around $13,500 at that time, might be zero. Mr. Faucette might have been right to a point. The…

CoinStats Insights Predicted the Recent Bitcoin Pump

CoinStats Insights, an analytical tool integrated within the CoinStats cryptocurrency portfolio management app, was correct in predicting today’s bitcoin pump. One of the tool’s features, which catalogues a cryptocurrency’s buying and selling sentiment, noted a spike in buyer’s interest in the bitcoin market at around 08:00 UTC. At close to 59 percent, the bullish bias…