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Showing posts from January, 2022

How far can Bitcoin fall?

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  As of this post, Bitcoin's price is now $35, 443.  Bitcoin's price has fallen over 17% over the last 7 days.  It has also fallen close to 50% from its high of $68,000 on November 10, 2021. Bitcoin's stock and flow model - which has been used by many analysts- predicted that Bitcoin would reach a price of $100,000 by the end of 2021. The question now is with the stock and flow model no longer reliable ... what is Bitcoin's actual price?  Or in other words, how far can Bitcoin fall?

Ethereum Price Data

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  I am uploading a chart showing Ethereum's Price from July 20, 2021- to December 31, 2021.  Obviously, one of the big questions is whether or not Ethereum has de-coupled from Bitcoin.  With the data that I have from CoinGecko, I will be able to see whether or not Ethereum has separated from Bitcoin?  

Posting Bitcoin Data from CoinGecko

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  As I mentioned before, I haven't been posting because I needed to change data providers.  Coin Market Cap has restrictions on data scraping and data usage.  Thus, I changed to CoingGecko because the company allows data enthusiasts to download crypto data without restrictions. I have been downloading crypto data since July 2021.  I will be posting my data visualizations and analysis of the crypto market. My first chart shows Bitcoin's price from July 20, 2021  to December 31, 2021.  (I will add January 2022's data at the end of the month). 

Restarting Crypto Analysis

  Because of data restrictions imposed by Crypto Market Cap, I have been working with data from Coin Gecko. However, I needed enough data to make my analysis interesting.  As I have collected a few months of daily data on over 5,000 Crypto coins and tokens with Coin Gecko, I will be restarting my blog.