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Tether Buys 8,888 Bitcoin For $618 Million, But Why Is Price Down?

Bitcoin

On-chain data shows that the world’s largest stablecoin issuer, Tether, recently added more Bitcoin to its holdings. The magnitude of the purchase has caused the crypto community to speculate on why Bitcoin’s price has dipped instead when such a development is usually bullish for the crypto token.  Tether Acquires 8,888 BTC largest Bitcoin holders, even…

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Bitcoin Price Tumbles Below $66,000: 4 Major Reasons

Bitcoin

The Bitcoin market has witnessed a significant downturn, with prices plummeting below the $66,000 mark. This abrupt -5.6% price movement can be attributed to four major factors: a long liquidation event, a rising US Dollar Index (DXY), profit-taking by investors, and spot Bitcoin ETF outflows. #1 Long Liquidations The main force leading to today’s downturn…

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Hedge Fund Manager Predicts When Bitcoin Price Will Reach $150,000

Bitcoin

Founder and Chief Executive Officer (CEO) of Morgan Creek Capital Management, Mark Yusko has predicted a massive price increase for Bitcoin during the 2024 bull cycle. Emphasizing  Bitcoin’s immense potential, the hedge fund manager has crowned it as the unrivaled “King” among digital assets. $150,000 Price Target Set For BTC Appearing in a recent interview…

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Forget Bitcoin, Altcoins Are The Winners Of This Cycle, Crypto Analyst Says

Bitcoin

All eyes look to be on the flagship crypto, Bitcoin, ahead of the predict further upside moves for the crypto token. However, crypto analyst Jason Pizzino recently made a strong case for altcoins like Ethereum (ETH) and Solana (SOL) and why much focus should also be placed on them.  Ethereum And Solana Still Primed For…

Forget Bitcoin, Altcoins Are The Winners Of This Cycle, Crypto Analyst Says Read More »

Prepping For $100,000: Bitcoin Shark And Whales Spend Over $18 Billion To Buy BTC

Bitcoin

Almost every Bitcoin investor is anticipating a continued price surge as the crypto continues to trade around the $70,000 price mark. On-chain data has shown a large part of this surge can be attributed to the accumulation by large whales.  Bitcoin is undoubtedly home to a lot of these whale addresses holding hundreds of millions…

Prepping For $100,000: Bitcoin Shark And Whales Spend Over $18 Billion To Buy BTC Read More »

Can This Bullish Chart Pattern Propel Bitcoin Price To $75,000?

Bitcoin

The Bitcoin price has experienced a notable resurgence over the past week, drawing parallels to the optimism often associated with Holy Week among Christians. This renewed momentum has infused the entire market, leading to significant profits for other major cryptocurrencies in the last seven days. The resurgence of the Bitcoin price seems to be at…

Can This Bullish Chart Pattern Propel Bitcoin Price To $75,000? Read More »

Grayscale Bitcoin ETF Sees Drastic 60% Drop In Outflows, Why This Is Important

Bitcoin

The outflows from the Grayscale Bitcoin ETF rocked the market hard last week, leading to a dramatic decline in the BTC price. However, with the new week, there has been a change in direction as investors begin to get bullish on Bitcoin once more. As a result, the outflows from the Grayscale ETF have slowed…

Grayscale Bitcoin ETF Sees Drastic 60% Drop In Outflows, Why This Is Important Read More »

Wyckoff ‘SOS’ Could Catapult Bitcoin To $100,000: Hedge Fund Manager

Bitcoin

Charles Edwards, founder of the Bitcoin and digital asset hedge fund Capriole Investments, published a detailed examination of Bitcoin’s current market phase suggesting a bullish trajectory, potentially reaching the $100,000 mark. The analysis hinges on the identification of a Wyckoff ‘Sign of Strength’ (SOS), a concept derived from the century-old Wyckoff Method that studies supply…

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Bitcoin ETF Inflows Could Eclipse $1 Trillion, Predicts Bitwise CIO

Bitcoin

Following a week of net outflows, the spot Bitcoin ETF market has rebounded with impressive net inflows this week, highlighting a growing investor confidence in Bitcoin and its associated financial products. This week’s market activities have shown a remarkable reversal from the previous 5-day net outflow streak, with Tuesday witnessing a substantial net inflow of…

Bitcoin ETF Inflows Could Eclipse $1 Trillion, Predicts Bitwise CIO Read More »

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