Bitcoin price moved $5510 (+19%) up from December 31 close of $29290 to January 3, 2021 high of $34800. It then turned down sharply dropdown to 27734 in matter of hours. Knowing that Bitcoin moves fast and furious, investors should get use to it. While for short term traders this kind of action is a heaven but long term investors shouldn't be alarmed as Bitcoin's rise is far from over. The exploding up move after breaking $20000 since December 17, 2020 is indicative of institutions and investors have been fear of missing out and can't wait to buy in. Downside correction is healthy for further climb. Bitcoin is likely to range between $30000 and $35000 for a short while before breaking out again.
Meanwhile Ethereum (ETH), the second largest capitalized crypto rallied 95% in 10 days from breakout point of $600 to as high as $1170 before pulling back. It is now consolidating around $1000 and $1100. It is not like stay here for too long before it breaks out again. It has yet to hit all time high of $1420 made in 2017. Bitcoin has been making new high after crossing $20000, ETH is definitely going to catch up soon.
Bitcoin and Ethereum differ in purpose:Bitcoin is pitched as an alternate currency, or digital currency,Ethereum facilitates peer-to-peer contracts and applications via its own currency vehicle. Bitcoin is digital gold and has storage value while Ethereum is good for blockchain applications.
Latest Crypto news:
1. Nikolaos Panigirtzoglou and team at JPMorgan suggest bitcoin could rise to $146K if it were to match goldin terms of market capitalization. That's a mere 4.6x the current price, but about 35x from the level at which JPMorgan CEO Jamie Dimon called bitcoin a "fraud," and threatened to fire any bank employee dealing with it. Panigirtzoglou stresses that this isn't a short-term call. In fact, he says things appear quite bubbly at the current time, and he's suggesting a sizable correction may soon be at hand. For bitcoin to reach gold-like levels of market cap, says Panigirtzoglou, it's volatility will have to come down to gold-like levels, and that process could take years. ---Seekingalpha 1/5/2021
2. ETF heavyweight VanEck filed Form S-1 registration statement for a new bitcoin ETF called the “VanEck Bitcoin Trust” on Dec. 30. Unlike VanEck’s last filing for a bitcoin futures ETF in 2017, the new one would hold physical bitcoin. That key distinction could create an even bigger imbalance between the demand for bitcoin and supply than the one that has recently sent prices surging, argues one Wall Street pro that covers the crypto space.---Coindesk 1/4/2021
4. The main catalysts behind Bitcoin’s rally have been the institutional accumulation of BTC on Coinbase and the short squeeze on Binance Futures.Throughout the past three days, Bitcoin has been trading much higher on Coinbase than on other major exchanges, as Cointelegraph reported。This means that aggressive buyers on Coinbase were continuously accumulating BTC despite the premium. Bitcoin remains on an upward trajectory of price discovery, hitting new record highs on a daily basis. With a purported supply shortage and institutional buying frenzy now spilling over into retail, the rally may still have a lot more room to run with $35,000 likely being the next psychological level to break. As Cointelegraph reported, six-figure predictions have become increasingly common in recent months, particularly as the rally has broken new all-time highs. ---Cointelegraph ---1/3/2021
5. The native currency of the Ethereum network hit a nearly three-year high of $914.20, before settling down to $909.86, up 20.6% over the last 24 hours..The second-highest cryptocurrency by market cap, the total value of ether is currently $103.8 billion.Ether's move coincides with growing institutional interest in the cryptocurrency and the upcoming launch of ETH futures on the CME on Feb. 8 Also, ether is almost certainly getting a lift from the eye-popping price run bitcoin over the last 24 hours. ---Coindesk 1/3/2021
6. According to Coindesk survey, almost one in five Australians now owns crypto, and, at 91.4%, nearly everyone had heard about it. But what is perhaps more poignant was the big change in how many people were inclined to think bitcoin is a scam – only 17.3%are wary about it now, down from 21.3% in 2019. Instead, Australians are now more likely to view the world’s dominant crypto as a store of value, an investment vehicle or money. ---Coindesk 1/2/2021
5. Hedge funds have warmed to cryptocurrencies as bitcoin boomed with a rally that is on track to end the year some 305% higher. In November,Financial News reported that one manager of a bitcoin exchange-traded product received as much as $3m a day in inflows — which in 2019 took the whole month to attract — and that the investors are overwhelmingly institutions, rather than individuals. There is now “a greater urgency by institutional investors to not miss out to invest some of their assets in bitcoin," Nikolaos Panigirtzoglou, a cross-asset research analyst at JPMorgan, told Financial News in November. This has been prompted by a perception of bitcoin as a credible alternative asset to gold. ---Financial News 12/31/2020
比特币价格从12月31日的29290美元上涨至2021年1月3日的高点34800美元，上涨了5510美元（+ 19％）。然后，它在几小时内急剧下降到27734美元。熟知道比特币的涨跌迅速而疯狂，投资者应该习惯它。对于短期交易者来说，这种涨跌 是一个交易天堂，但长期投资者不应惊慌，因为比特币的上涨还远远没有结束。自2020年12月17日以来突破20000美元之后的爆炸式上涨标志着机构和投资者一直担心错过机会，迫不及待地想要买进。下行修正对进一步攀升是有益的。比特币可能会在短暂的时间内在30000美元至35000美元之间波动，然后再突破。
与此同时，第二大市值加密货币以太坊（ETH）在10天之内从突破点600美元上涨至1170美元，上涨了95％。现在，它在1000美元和1100美元附近盘整。看来不像会在这里呆太久便会再次爆发。它尚未达到2017年创下的历史新高1420美元。比特币在突破20000美元后一直创出新高，ETH肯定会很快赶上。
比特币和以太坊的目的不同处：比特币被用作替代货币或称数字货币，以太坊通过自己的货币工具促进点对点合同和应用。比特币是数字黄金，具有存储价值，而以太坊则最适合区块链应用。
最新加密货币新闻：
1.摩根大通（JPMorgan）的尼古拉斯·潘尼吉尔佐格鲁（Nikolaos Panigirtzoglou）及其团队建议，如果比特币与市值于黄金的相匹配，则比特币可能升至14.6万美元。这仅是当前价格的4.6倍，但比去年摩根大通首席执行官杰米·戴蒙（Jamie Dimon）将比特币称为“欺诈”时的水平约35倍有很大进步，当时戴蒙威胁要解雇任何与比特币有交易的银行员工。 Panigirtzoglou强调，这不是短期可以达到的。实际上，他说，目前情况似乎很不明朗，并且他暗示可能即将进行大幅度的修正。 Panigirtzoglou说，要使比特币达到类似黄金的市值水平，其波动性必须降至类似于黄金的水平，而且这一过程可能需要数年时间。---SeekingAlpha 1/5/2021
2. ETF重量级VanEck机构于12月30日为一种名为“ VanEck比特币信托”的新型比特币ETF提交了S-1表格登记表。与VanEck于2017年最后一次提交比特币期货ETF的申请不同，新的将持有实物比特币。一位涵盖加密货币领域的华尔街专业人士认为，这一关键区别可能会导致比特币需求和供应之间的不平衡比最近导致价格飙升的不平衡更大。---Coindesk 1/4/2021
3.根据CryptoQuant的数据，专注于机构的Coinbase Pro交易所在上周六早些时候流出了超过35,000个比特币，价值超过10亿美元。根据总部位于韩国的区块链分析公司CryptoQuant的首席执行官Ki Young Ju的说法，大笔比特币流出是在交易所撤出12,063个比特币后的第二天，这代表机构FOMO（害怕错过）。朱的说法是机构担心害怕错过而现在正在购买，尽管这一说法或会受到了挑战，但有证据表明，大型企业的持续需求正在造成供应紧缩，从而导致价格持续上涨。例如，在今年的前两天，至少有47,000个比特币离开了Coinbase Pro，而矿工只挖出了1,700个比特币。比特币从今天的29,800美元上涨至今天的33,000美元以上，最新一次交易于31,600美元附近。-Coindesk 1/3/2021
4.比特币上涨的主要推动力是在Coinbase上的机构积累和对Binance Futures的空头挤压。在过去三天中，如Cointelegraph所报道，在Coinbase上，比特币的交易量远高于其他主要交易所。意味着尽管有溢价，但Coinbase上积极的买家仍在不断积累比特币。比特币仍然处于价格发现的上升轨道上，每天都创下新的纪录高点。据称供应短缺，机构购买狂潮现在蔓延到散户市场，涨势可能还有空间，35,000美元可能是下一个心理价位。正如Cointelegraph报道的那样，在最近几个月中，六位数的目标预测变得越来越普遍，特别是随着涨势打破了历史新高后。---Cointelegraph 1/3/2021
5.以太坊网络的本币ETH价格达到近三年高点914.20美元，随后跌至909.86美元，在过去24小时内上涨了20.6％。按市值计算是第二高的加密货币，以太币的总值为目前的1038亿美元。以太坊的举动恰逢机构对加密货币的兴趣增加以及即将于2月8日在CME推出ETH期货的同时，几乎可以肯定的是，以太坊在过去24小时内从令人触目的价格运行是从比特币上升中受益。 --- Coindesk 1/3/2021
6.根据Coindesk的调查，现在有近五分之一的澳大利亚人拥有加密货币，并且91.4％的澳大利亚人几乎都听说过它。但是，可能令人痛苦的是，有多少人倾向于认为比特币是一个骗局，这一重大变化–现在只有17.3%对此有所警惕，低于2019年的21.3％。相反，澳大利亚人现在更有可能看到占主导地位的比特币可作为价值存储，投资工具或金钱。 --- Coindesk 1/2/2021
7.随着比特币的蓬勃发展，对冲基金已逐渐升温到加密货币，而这一涨势有望在年底前上涨约305％。 11月，《金融新闻》报道，一位比特币交易所交易产品的经理每天收到多达300万美元的资金流入而在2019年花了整整一个月的时间才吸引同样大的资金，投资者绝大多数是机构，而不是个人。摩根大通（JPMorgan）跨资产研究分析师尼古拉斯·帕尼吉尔佐格洛（Nikolaos Panigirtzoglou）在11月对《金融新闻》说：“现在，机构投资者迫切需要不要错过将其某些资产投资于比特币的机会。”比特币是黄金的可靠替代资产---Financial News 12/31/2020
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