• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets Cryptos

Bitcoin skyrockets to $14,000

Olumide Adesina by Olumide Adesina
November 1, 2020
in Cryptos
Over $500 million dollars worth of Bitcoins withdrawn from BitMEX
Share on FacebookShare on TwitterShare on Linkedin

The world’s flagship crypto just surpassed $14,000 some hours ago, coinciding with the day Satoshi Nakamoto released its whitepaper in 2008. Ever since the crypto asset has gone from strength cryptocurrency breaking all growth barriers across the various spectrums.

READ: 100% of Chainlink (LINK) wallets are now in profit

  • However, there was a pullback in the world’s most valuable crypto market when it reached a peak of $14,100 and saw an immediate rejection, at the time of writing Bitcoin traded at $13,816.60 with a daily trading volume of $22,510,578,181. BTC price is up 1.8%.
  • Another bullish bias, triggering buying pressure is Bitcoin $BTC Futures Open Interest (Perpetual) (1d MA) just reaching an 8-month high of $99,025,593.55 on Bitfinex.

READ: Most profitable asset in a decade, Bitcoin up over 26,600,000%

RelatedStories

Bitcoin

Bitcoin soars past $121K, smashing records with no end in sight

July 14, 2025
Crypto is now legit — Will Nigeria’s financial institutions adapt or burn? | Drinks & Mics ft Buchi Okoro

Crypto is now legit — Will Nigeria’s financial institutions adapt or burn? | Drinks & Mics ft Buchi Okoro

July 12, 2025

The previous 8-month high of $98,795,955.99 was observed earlier today

📈 #Bitcoin $BTC Futures Open Interest (Perpetual) (1d MA) just reached a 8-month high of $99,025,593.55 on #Bitfinex

Previous 8-month high of $98,795,955.99 was observed earlier today

View metric:https://t.co/TME6bSZWcf pic.twitter.com/cJk4GHTux5

— glassnode alerts (@glassnodealerts) October 31, 2020

READ: Flour Mills of Nigeria Plc: Increase in agro-allied, others boost revenues

Why it’s happening; The most critical fundamental that could be responsible for the scarcity and price surge on the bias pinpointing Bitcoin deposits declining on crypto exchanges, meaning that large and small investors are keeping the crypto asset mainly for wealth preservation.

READ: Ripple lets go 1,000,000,000 XRP valued at $240 million

Fewer people are depositing $BTC into exchanges.

$BTC inflow transaction count of all exchanges (7-day moving average) hits the three-year low.

READ: Bitcoin could reach $225,000 by 2021

Long term buy signal https://t.co/jfBlhET560

— Ki Young Ju (@ki_young_ju) October 31, 2020

READ: LINK, most profitable crypto-asset in 6 months, gains 451%

Finally, the number of retail investors holding bitcoin is also on record high as Bitcoin Number of Addresses Holding 0.01+ coins just reached an ATH of 8,714,259.

Previous ATH of 8,711,524 was observed earlier today.

READ: How investors make money from Bitcoin without owning crypto

📈 #Bitcoin $BTC Number of Addresses Holding 0.01+ coins just reached an ATH of 8,714,259

Previous ATH of 8,711,524 was observed earlier today

View metric:https://t.co/oyguxpaA2y pic.twitter.com/e4cCbo7Lst

— glassnode alerts (@glassnodealerts) October 31, 2020

READ: OmiseGO, fastest growing altcoin, up 49% in past 24 hours

READ: Why buying Bitcoin now is not a bad idea


Follow us for Breaking News and Market Intelligence.
Tags: BitcoincryptoCryptocurrencyCryptocurrency News
Olumide Adesina

Olumide Adesina

Olumide Adesina is a financial market writer, analyst and investment trader. Message Olumide on Twitter @Olumidecapital

Related Posts

Bitcoin
Cryptos

Bitcoin soars past $121K, smashing records with no end in sight

July 14, 2025
Crypto is now legit — Will Nigeria’s financial institutions adapt or burn? | Drinks & Mics ft Buchi Okoro
Digital Media

Crypto is now legit — Will Nigeria’s financial institutions adapt or burn? | Drinks & Mics ft Buchi Okoro

July 12, 2025
Bitcoin
Cryptos

Bitcoin blasts past $118K, short sellers lose $1.25 billion   

July 11, 2025
Bitcoin
Cryptos

Bitcoin surges to record $112K amid institutional demand 

July 10, 2025
Bitcoin
Cryptos

Bitcoin shows buyers’ exhaustion, struggles under $108K

June 27, 2025
Memecoins led the industry in Q2 2024 and total crypto market cap fell by 14% — Report
Cryptos

FATF raises alarm over rising illicit crypto use globally, urges stronger regulation  

June 26, 2025
Next Post
MoneyGram received $9.3 million from Ripple in Q3

MoneyGram received $9.3 million from Ripple in Q3

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • Naira surges to 4-month high, breaks N1520/$ barrier
  • Alleged Fraud: Court grants forefeiture of N335 million, Galaxy Hospital, 5 Petrol Stations, lands  
  • Nigeria hits OPEC’s output quota of 1.5 million bpd in June 2025 

Follow us on social media:

Recent News

Naira , dollar, exchange rate

Naira surges to 4-month high, breaks N1520/$ barrier

July 16, 2025
Federal High Court, REA

Alleged Fraud: Court grants forefeiture of N335 million, Galaxy Hospital, 5 Petrol Stations, lands  

July 16, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics