Refer your friends and get 30% of their trading fees.

Refer your friends and get 30% of their trading fees.

Learn More
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.

Related Articles

November 18: Daily BTC Analysis

November 19, 2021

Matt Blom

The natural ebb-and-flow of price, has replaced the bullish moves seen through October and early November

Keep up with crypto through EQONEX!

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Daily Macro And Crypto Markets Update: Markets Pull Back But On-Chain Indicators Hint At More Upside

November 17, 2021

Justin d'Anethan

It looks like crypto isn’t correlated to traditional markets, at least not during this past session.

Daily BTC Analysis: The Weekender

November 15, 2021

Matt Blom

One of the big factors contributing to bitcoin’s expansion over gold is that millennials are becoming more knowledgeable of the investing world.