Tom Lee

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Bitcoin Price: Wall Street Optimistic, Enthusiasts Pessimistic According to Fundstrat

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44 percent of those surveyed on crypto Twitter believe the price of bitcoin core (BTC) has a ways to go before finding bottom, while over half of Wall Street and institutional investors seem to believe BTC’s bottom has been reached. The poll was conducted by Fundstrat, comparing the views comprised of 25 Wall Street related … Read more

Bitcoin Price Watch: Lee Still Predicting Large End-of-Year Swell

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At press time, bitcoin’s price is unchanged from yesterday, and the father of crypto is still trading for just under $6,600. Head analyst at Fundstradt Tom Lee is back in the news again. Lee has often touted bitcoin’s power throughout 2018, claiming the currency could spike all the way to $20,000 by the year’s end. … Read more

Ethereum Price up 5% – Google Reverses Crypto Ban

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The past couple days have been positive for the cryptocurrency market overall. Today was no different as most coins are in the green. While some cryptocurrencies went higher than others, most coins went up a couple percent. Ethereum was no differnent in this regard, currently trading at $229 as the price went up roughly 5% … Read more

BTC Hashpower Doubles During Bear Market as Miners Sacrifice Profit for Position

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According to Fundstrat analyst Sam Doctor, it appears Bitcoin Core (BTC) hashpower has doubled since just before the start of summer. That figure is impressive considering the lingering and deep bear market. “Even with upgrades to existing equipment, implies almost 1GW of new power consumption vs 5.2GW in May ’18m” Mr. Doctor tweeted. “Breakeven now … Read more

Bitcoin Price Watch: Currency Falls Again as Enthusiasts Try to Stay Positive

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At press time, the bitcoin price has fallen even further, and is now sitting at just over $6,100. That means bitcoin has dropped by over $300 since yesterday, and over $1,000 in about a week. The bull run that enthusiasts were allegedly seeing is now a thing of the past, and we are back in … Read more