Bitcoin is trading for $59,545, a slight increase of 0.5% in the past 24 hours. Although little, this surge in its price is quite noteworthy as it comes against the backdrop of Bitcoin’s price plunging as low as $57,812 earlier today. Regardless of this modest recovery, a recent analysis by a CryptoQuant author on the…
Analyst Warns: Bitcoin Nears Dangerous Territory – $40,000 On The Horizon? Read More »
Bitcoin (BTC) is showing strong signs of an imminent price surge, according to top market analysts, who point to a confluence of bullish factors in the cryptocurrency’s favor. However, after hitting a 6-month low of $49,000 on August 5, BTC has hovered between $58,000 and $60,500 for the past week. However, the dip below all-time…
Bitcoin has observed a pullback down to the $58,000 level during the past day. Here’s what could be the cause behind it, according to on-chain data. Exchanges Have Seen A Large Amount Of Tether Withdrawals Recently According to data from the market intelligence platform Tether (USDT) outflow spree exceeding $1 billion. Investors usually keep their…
Bitcoin Observes Pullback To $58,000: Is This The Cause? Read More »
The Bitcoin price continues to trade sideways, as uncertainties on the macro side have made investors undecided about their next move. Crypto analyst Michael van de Poppe has provided insights into Bitcoin’s price trajectory and has raised the possibility of the crypto dropping to as low as $48,000. What Could Make Bitcoin Drop To As…
Crypto Analyst Reveals What Could Drive The Bitcoin Price To $48,000 Read More »
Despite the muted performance of Bitcoin in recent months, the 13-F filings for the spot exchange-traded funds (ETFs) paint a bullish picture for the BTC price. Bitwise Chief Investment Officer (CIO) Matt Hougan has shared a recap of the three most interesting takeaways from the Q2 filings via X. His findings underscore a growing and…
Bitwise CIO Reveals Three Super Bullish Signals From Bitcoin ETFs Read More »
As Bitcoin has become more mainstream, more and more institutions are beginning to hedge their bets with the cryptocurrency. Over the last four years, institutions have grown their holdings exponentially, and the result of this is that these large institutions have become the more dominant holders of Bitcoin. So much so that at this time,…
Private Investors Kicked Out Of Top Bitcoin Holder List, Here Are The Stats Read More »
The evolvement of Bitcoin has led to Bitcoin’s trajectory being linked to several other markets, whereby the stance of certain markets could hint at where BTC is headed. However, according to the latest data, this phenomenon is changing specifically for the correlation of Bitcoin’s price to exchange-traded fund (ETF) movements. Historical Patterns And Recent Deviations…
Is The Link Broken? New Analysis Shows Bitcoin’s Price Unmoved By ETF Liquidations Read More »
Bitcoin has continued to see a blend of bulls and bears without any major high achieved since its renewed peak above $73,000 in March. So far, the asset has ranged below $60,000 in the past week, as it appears to face resistance whenever it reaches that price mark. However, several analysts and experts share their…
Historical Study Predicts Bitcoin To Hit $164,000—Here’s When Read More »
As the 2024 presidential election approaches, the idea of the United States government establishing a strategic Bitcoin reserve is gaining momentum. This potential policy shift has been championed by former President Donald Trump and pro-crypto Senator Cynthia Lummis, who see it as a novel way to help pay down the country’s $35 trillion national debt.…
Unveiling The Strategic Advantages Of A Bitcoin Reserve For The US Economy Read More »
On-chain data suggests the Bitcoin price found its bottom following the recent crash around this important investor cost basis level. Bitcoin Found Its Bottom Near Active Investor’s Cost Basis According to the latest weekly report from Glassnode, Bitcoin formed its recent bottom near the cost basis of the “active investors.” To understand what this level…
This Is The On-Chain Level That Made The Bitcoin Crash Bottom Read More »
On Wednesday, the crypto market experienced a wave of volatility as news broke that the US government had transferred a significant amount of Bitcoin seized from the infamous Silk Road marketplace to the Coinbase exchange. Massive Silk Road Bitcoin Influx To Coinbase According to on-chain data tracker Arkham, the US government recently moved 10,000 Bitcoin…
Bitcoin Falls From $60,000 With US Transfer Of 10,000 BTC: Vital Levels To Monitor Read More »
