Legendary Analyst Peter Brandt Lists 6 Reasons Bitcoin Has Flipped Bullish
After a week of notable crashes, Bitcoin has again seen life breathed into its price trajectory and has reclaimed its mark above $90,000. The major primer for the return of bullish momentum was the announcement of a US crypto strategic reserve by President Donald Trump over the weekend, which could be the beginning of an…
Why The Bitcoin Dominance Reaching 71% Is Important For Altcoin Season To Begin
Bitcoin continued dominance has remained a defining feature of the current market cycle, with the leading crypto asset receiving most of the inflows into the market. At the time of writing, awaiting an altcoin season. Reaching 71% Is Critical For An Altcoin Season The Bitcoin dominance chart, which tracks Bitcoin’s market capitalization in relation to…
Spot Bitcoin ETFs One Year After US Launch: Here’s How Funds Have Fared So Far
The introduction of Spot Bitcoin exchange-traded funds (ETFs) in the United States marked a historic milestone for the cryptocurrency market. These Spot Bitcoin ETFs, which first went live in the US on January 11, 2024, have had massive success in just one year, making them the greatest ETF launch in history. As it stands, US-based…
Bitcoin At Risk Of Supply Shock As ETF Issues Buy More BTC Than Was Produced In December
The world’s largest cryptocurrency may be at risk of a supply shock as demand from United States (US) Spot Bitcoin Exchange Traded Funds (ETFs) has surged far beyond expectations. In December 2024, the volume of BTC acquired through Spot Bitcoin ETFs more than tripled the amount mined during that same month, underscoring the severe imbalance…
Analyst Backs Spot Bitcoin ETFs To Surpass Gold ETFs In Cumulative Net Inflows
Market analyst and President of the ETF Store Nate Geraci has backed the US-based spot Bitcoin ETFs to overtake the Gold ETFs in terms of cumulative net flows. This projection comes amidst a staggering performance by these Bitcoin ETFs in the past few days where they have attracted over $2 billion in weekly netflows. Spot…
US Spot Bitcoin ETFs Open Q4 2024 With $300 Million Weekly Outflows – Details
Spot Bitcoin ETFs launched the fourth quarter of 2024 on a turbulent note ending the week with a net negative outflow of over $300 million. This development occurred in tandem with Bitcoin’s bearish start to October in which it declined over 6% in the first five days of the month. Related Reading: US Spot Bitcoin…