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Bitcoin Underperformance Precedes ‘Insane Altcoin Rally,’ Expert Warns Of Repeat

Bitcoin News

According to market expert Jamie Coutts, after an extended period of consolidation and lackluster performance by the two largest cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), the market may be poised for a resurgence. Coutts believes the ingredients are in place for a broad altcoin rally, following in the footsteps of the “insane” bull run of…

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Battleground At $60,000: Bitcoin Faces Pivotal Test As Bulls Aim To Reclaim Key Support

Bitcoin News

The world’s largest cryptocurrency, Bitcoin (BTC), has struggled to maintain a foothold above the critical $60,000 price level in recent trading sessions, as the digital asset finds itself caught in a tug-of-war between bullish and bearish forces. After recovering from a dip below $49,000 earlier this month, Bitcoin has been vacillating around the $60,000 mark,…

Battleground At $60,000: Bitcoin Faces Pivotal Test As Bulls Aim To Reclaim Key Support Read More »

Bitcoin Maintains Market Dominance With $42 Million In Inflows

Bitcoin News

Digital asset investment funds witnessed another week of inflows last week, albeit at a small amount, to extend the run of inflows to two consecutive weeks. Notably, investment funds attracted a net inflow of $30 million last week. One of the key highlights of the week was Bitcoin’s strong performance in attracting investor interest. After…

Bitcoin Maintains Market Dominance With $42 Million In Inflows Read More »

Bitcoin On Brink Of Massive Breakout Like Gold In 2008: Hedge Fund CEO

Bitcoin News

In the latest edition of the Capriole Investments newsletter dated August 20, 2024, Charles Edwards, founder and CEO, draws striking parallels between the current market behavior of Bitcoin and the historical performance of Gold, particularly during its 2008 rally. Bitcoin Mirrors 2008 Gold Rush Edwards points out that Bitcoin has been consolidating around $60K, echoing…

Bitcoin On Brink Of Massive Breakout Like Gold In 2008: Hedge Fund CEO Read More »

Analyst Forecasts Bitcoin Bull Run Top With Historically Proven Indicator

Bitcoin

In a video update on YouTube, crypto analyst Rekt Capital delved into the dynamics of Bitcoin’s price movements through the lens of the PI Cycle Top Indicator, a predictive tool that has garnered attention for its historical accuracy in pinpointing the peaks of Bitcoin bull runs. Here’s How High Bitcoin Price Could Go This Cycle…

Analyst Forecasts Bitcoin Bull Run Top With Historically Proven Indicator Read More »

Bitcoin Price Action Watch: 3 Pivotal Zones That Could Sway BTC’s Next Move

Breaking News Ticker

As the Bitcoin price consolidates below the $60,000 threshold, the market has been characterized by a mix of indicators and technical levels, leading to a divided forecast and heightened uncertainty. Mixed Signals Cloud Bitcoin Price Trajectory According to Bitcoin maximalist Mark Cullen, the current Bitcoin price action presents a complex technical picture. He suggests that…

Bitcoin Price Action Watch: 3 Pivotal Zones That Could Sway BTC’s Next Move Read More »

Wall Street Titans Boost Crypto Stakes: US Bitcoin ETFs Garner $2.4B In Q2 Inflows

Cryptocurrency Market News

The crypto market continues to be influenced primarily by broader macroeconomic conditions, with the latest US Consumer Price Index (CPI) report providing a glimmer of optimism for risk assets, including cryptocurrencies. Crypto Awaits Fed’s Move According to a recent Coinbase report, the slightly softer-than-expected July CPI print of 2.9% year-over-year – the lowest level in…

Wall Street Titans Boost Crypto Stakes: US Bitcoin ETFs Garner $2.4B In Q2 Inflows Read More »

Silk Road Bitcoin Are ‘Almost Certainly’ Sold By US Gov, Claims Lawyer

Bitcoin

Another transfer by the US government of originally seized Bitcoin from the notorious Silk Road has sparked widespread speculation on Wednesday, August 14. Blockchain analytics firm Arkham reported yesterday that 10,000 Silk Road BTC, valued at approximately $593.5 million, were transferred to Coinbase Prime, a platform used primarily for institutional investors. According to Arkham’s post…

Silk Road Bitcoin Are ‘Almost Certainly’ Sold By US Gov, Claims Lawyer Read More »

Bitcoin Risks Further Decline As Bearish Death Cross Returns

Bitcoin

A crypto analyst has unveiled a new bearish death cross for Bitcoin (BTC), the world’s largest cryptocurrency. According to the analyst, Bitcoin is at risk of further price stalls before any potential upward movement.  Bitcoin Prints Another Bearish Death Cross In an X (formerly Twitter) printed a bearish death cross on the daily chart, where…

Bitcoin Risks Further Decline As Bearish Death Cross Returns Read More »

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