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111,000 BTC Move Out Of Exchange Wallets In A Month – Impact On Bitcoin Price?

Bitcoin News

The Bitcoin price has somewhat slowed down since reaching the unprecedented high of $73,000, moving mostly sideways since mid-March. However, with the halving event less than a fortnight away, all eyes will be on the premier cryptocurrency and all that pertains to it over the next couple of weeks. According to a recent on-chain observation,…

111,000 BTC Move Out Of Exchange Wallets In A Month – Impact On Bitcoin Price? Read More »

History Favors Bitcoin Bulls Despite Crypto Hedge Funds Increasing Shorts

Bitcoin News

Bitcoin may be dripping lower at spot rates. Still, one analyst is unfazed, expecting the coin to reverse recent losses and snap up firmly before peaking in December 2024. At spot rates, BTC is down roughly 11% from 2024 peaks and struggling to generate sufficient buying pressure, looking at the formation in the daily chart.…

History Favors Bitcoin Bulls Despite Crypto Hedge Funds Increasing Shorts Read More »

Bitcoin Short-Term Holders Go On 1.2 Million BTC Buying Spree, Is Retail Finally Here?

Bitcoin

Short-term Bitcoin holders have been going on a buying spree lately, accumulating over 1.2 million BTC since December 2023, according to Glassnode. Bitcoin has received major interest from investors since the beginning of the year, and rightly so, considering the amount of attention brought by the launch of Spot Bitcoin ETFs in the US. While…

Bitcoin Short-Term Holders Go On 1.2 Million BTC Buying Spree, Is Retail Finally Here? Read More »

Bitcoin Crash Warning: CryptoQuant CEO Sees LUNA-Like Risks Ahead

Bitcoin

Ethena Labs has revealed its latest strategic move: the inclusion of Bitcoin (BTC) as collateral for its synthetic dollar-pegged product, USDe. This decision, aimed at significantly scaling the product’s supply from its current $2 billion, capitalizes on the burgeoning BTC derivative markets for enhanced scalability and liquidity in delta hedging practices. Ethena Labs’ ambitious goal…

Bitcoin Crash Warning: CryptoQuant CEO Sees LUNA-Like Risks Ahead Read More »

Crypto Analyst Says Bitcoin Hitting $100,000 In 2024 Is Inevitable, Here’s Why

Bitcoin

current bearish sentiments around the flagship crypto. He made this statement while providing an in-depth analysis of Bitcoin’s current price action.  Bitcoin To $100,000 Is “Inevitable” PlanB stated in a video on his YouTube channel that he believes Bitcoin hitting $100,000 this year is “inevitable.” Interestingly, he suggested that $100,000 is likely just the starting…

Crypto Analyst Says Bitcoin Hitting $100,000 In 2024 Is Inevitable, Here’s Why Read More »

Bitcoin: Will This “Dry Powder” and Historical Trends Fuel A Price Boom?

Bitcoin

While Bitcoin has dipped from its recent highs of around $74,000, some analysts are urging investors to stay calm and even see this as a buying opportunity. So far, Bitcoin prices have remained under pressure, trickling lower in the past trading week. Are There Similarities With The Bitcoin Bull Run Of 2020? Though the downward…

Bitcoin: Will This “Dry Powder” and Historical Trends Fuel A Price Boom? Read More »

Bitcoin Stuck Below $66,000: Are ETF Outflows Beyond Grayscale An Issue?

Bitcoin

On Tuesday, the crypto market was off guard when Cathie Wood’s ARK 21Shares spot Bitcoin ETF (ARKB) experienced a significant outflow. This marked the first time since the introduction of spot Bitcoin ETFs in the United States that one of the “Newborn Nine” surpassed the outflows of Grayscale’s Bitcoin Trust (GBTC). On April 2, ARKB…

Bitcoin Stuck Below $66,000: Are ETF Outflows Beyond Grayscale An Issue? Read More »

Bitcoin At Crossroads Ahead Of Halving: Will BTC Fall To $53,600?

Bitcoin News

Bitcoin prices are volatile, recently dropping from the peak of over $73,000 in March to the current spot levels. Analysts are turning to historical data for insights with mounting selling pressure and some investors being concerned about potential short-term losses. This historical analysis is crucial in determining whether we’ve reached a market top or if…

Bitcoin At Crossroads Ahead Of Halving: Will BTC Fall To $53,600? Read More »

Crypto Expert Encourages Investors To Buy The Dip As Bitcoin Price Falls To $64,000

Bitcoin

The Bitcoin price took a sharp downturn recently, dipping below $67,000 and raising concerns among investors. However, a crypto analyst has encouraged the crypto community to buy more Bitcoin at this time, suggesting that the decline presents an opportunity to acquire BTC at a lower price.  Bitcoin Decline Signals Prime Buying Opportunity Michael van de…

Crypto Expert Encourages Investors To Buy The Dip As Bitcoin Price Falls To $64,000 Read More »

Bitcoin ETF Outflows Are Ramping Up Again, What Does This Mean For BTC Price?

Bitcoin

Bitcoin ETF outflows are on the rise once again after a change in the tide last week. These outflows, given the ETFs’ correlation with the Bitcoin price, have a substantial impact on how well the cryptocurrency performs over time. So, as outflows are ramping up, will it trigger a crash in the BTC price? ARK…

Bitcoin ETF Outflows Are Ramping Up Again, What Does This Mean For BTC Price? Read More »

Asia’s Bitcoin Volatility Linked To Algos Tracking ETF Flows

Bitcoin

Recent Bitcoin price volatility in Asia has been closely linked to automated trading algorithms that monitor flows in US exchange-traded funds (ETFs). According to Bloomberg, this algorithmic trading response to daily US ETF flow data is causing pronounced swings in Bitcoin prices during Asian trading hours. Trading Algos Spoil The Bitcoin Price The trigger for…

Asia’s Bitcoin Volatility Linked To Algos Tracking ETF Flows Read More »

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