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Daily Bitcoin and Crypto Analysis

Daily BTC Analysis

November 18, 2020
Today’s top Bitcoin headline: Bitcoin isn’t making headlines.

I gave up watching mainstream news sometime during the second week of lockdown — so I couldn’t tell you if this is true. It does highlight what we all know, yet forget: We are still early to this breakthrough in technology. Imagine you sent the first email in 1971, today is basically the 18th of November 1983…

None-the-less, more and more people are using Bitcoin, and the graph below shows the number of new addresses created in the last 24 hours is now on par with January 2018. (Best not talk about January 2018…)

Now that we have breached the $18,000 level, thoughts have turned to one question: Is Bitcoin about to print a new all-time high? Well, depending on the metric used, it already has. The total market cap of BTC is now higher than it was when it recorded its last price ATH. Supply has increased 10.75% since then, meaning the total value of all BTC in existence has never been worth more than it was early today, at just over $330B.

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