Bitcoin, the premier cryptocurrency, has been experiencing a sluggish price movement within a consolidation range after reaching a new all-time high in mid-March. This lackluster price action has raised concerns among investors, particularly with the recent loss of support at the $60,000 level. However, it is not just the price of Bitcoin that has cooled
Bitcoin
In a surprising turn of events, major U.S. banks JP Morgan and Wells Fargo have recently made headlines by announcing their investments in Spot Bitcoin ETFs. This move is significant not only because it shows their exposure to BTC, the world’s largest cryptocurrency, but also because it signals a departure from their previous cautious stance
Bitcoin faced a 3.06% price decline on Friday, reaching as low as $60,372.36 according to data from CoinMarketCap. This indicates a period of consolidation for the crypto market leader, as it struggles to maintain its previous highs. Trading analyst Titan of Crypto has expressed strong confidence in Bitcoin’s ability to rebound and produce a post-halving
Former President Donald Trump has recently shocked many in the financial world by expressing strong support for Bitcoin and other cryptocurrencies. This unexpected change in stance has raised questions about the potential implications for the cryptocurrency market, especially with the upcoming US election. Analysts have highlighted the significance of Trump’s statements, suggesting that they could
The movement and accumulation from crypto whales have long been seen as key catalysts for Bitcoin price increases. However, recent on-chain data suggests a shift in this trend, with a decline in whale accumulation volumes over the past month. This decrease in whale accumulation could be a cause for concern for investors, particularly as Bitcoin
The recent lackluster performance of Bitcoin is causing concern among institutional investors, with data showing a bearish sentiment prevailing. This has resulted in significant outflows from Bitcoin investment products, potentially impacting the cryptocurrency negatively. CoinShares reported that Bitcoin investment funds experienced an outflow of $284 million in the previous week. The majority of these outflows
Bitcoin (BTC) has recently experienced a price slowdown after managing to recover above the $60,000 mark. This stagnant price movement can be attributed to several factors, with one of the main reasons being the reduced demand for the Spot Bitcoin ETFs. In the first three months following their launch, these ETFs saw billions of dollars
In a recent analysis, cryptocurrency analyst and trader Rekt Capital made a fascinating discovery about Bitcoin’s current price trend. He pointed out that Bitcoin is replicating a historical price action from eight years ago, during a previous bull cycle. This revelation is quite significant as it suggests that Bitcoin could be on the brink of
Bitcoin has once again demonstrated its resilience by bouncing back above the $60,000 zone after a recent decline. Renowned analyst Peter Brandt has expressed his confidence in Bitcoin, predicting that it will reach a six-figure value by 2025. In a recent blog post, Brandt emphasized the uniqueness of Bitcoin as an asset unlike any other
Recently, the crypto research platform 10x Research highlighted the uptick in Bitcoin’s Relative Strength, indicating a possible rally in the near future. Their analysis suggests that historical trends may point towards a potential increase in the value of the flagship cryptocurrency. However, amidst this optimism, there are also cautious warnings about potential roadblocks that Bitcoin
The Bitcoin price has shown a strong rebound after facing bearish pressure for most of the past week. With a drop below $60,000 on May 1, many investors were worried about the future of the premier cryptocurrency. However, on May 3, Bitcoin managed to climb back above the $60,000 mark and even hit $63,000 in
The recent drop in Bitcoin’s price below the critical $59,000 support level has stirred up concerns within the cryptocurrency market. This downward movement has led to liquidations in the futures markets, indicating a potential for further decline if a market capitulation occurs. CryptoQuant, a cryptocurrency analysis platform, reported approximately $120 million in liquidated long positions
The recent market-wide crash has pushed the Bitcoin price below $60,000, sparking concerns among investors and analysts. One such analyst, known as Norok, has identified $51,800 as the most critical support level for Bitcoin at the moment. This level, last seen in December 2023, is now being closely watched to determine the future trend of
Bitcoin, the world’s largest digital asset, has recently experienced a significant decline, breaking below the $60,000 support level for the first time in two months. The cryptocurrency has been on a bullish trend since the beginning of the year, fueled by the launch of Spot Bitcoin ETFs in the US market. However, the current consolidation