The recent surge in the price of Bitcoin sparked excitement among crypto traders as the cryptocurrency surpassed its previous all-time high. However, this euphoria was short-lived as Bitcoin experienced a significant dip shortly after reaching new heights. On-chain data has revealed an interesting scenario that contributed to the selling pressure leading to the crash. The
Bitcoin
The price of Bitcoin experienced a pullback recently after reaching the $69,000 mark, causing bearish sentiment in the crypto market. Several predictions from top analysts suggest a further decline in the price of Bitcoin. Crypto analyst and trader Ali Martinez highlighted indicators that point towards a continuous retracement in price. Martinez shared his projections on
In recent days, Bitcoin has experienced an unprecedented surge in value, reaching a two-year high and approaching its all-time record of $69,000. The cryptocurrency peaked at $68,800, with the current trading price hovering around $67,980. This surge has been fueled by a flood of capital entering the market, driving Bitcoin up by 6.6% daily and
In recent days, Bitcoin has been on an upward trajectory, with its price crossing the $64,000 mark. Cryptocurrency analyst Ali Martinez has shared some insights on the short-term price action of Bitcoin, specifically highlighting a crucial support level between $61,100 and $61,800. This support area, created by more than half a million Bitcoins being transacted
The month of February was monumental for Bitcoin, with its value surging by over $18,000. This impressive performance has spilled over into March, pushing the Bitcoin price past the $65,000 mark for the first time since 2021. Many analysts, including Markus Thielen, the head of research at Matrixport, are optimistic about Bitcoin’s future price trajectory.
The recent reports indicating a sharp decrease in the availability of Bitcoin (BTC) on Over-the-Counter (OTC) desks have sent shockwaves through the market. With only about 40 BTC reportedly available for sale at one point, this scarcity has raised concerns and sparked discussions within the crypto community. Noted figures like Caitlin Long and Samuel Andrew
Hunter Horsley, the CEO of Bitwise, has recently made a bold prediction about the future of Bitcoin. He believes that the cryptocurrency has the potential to reach $250,000, which is more than four times its current price of $62,000. Horsley is highly optimistic about Bitcoin’s bullish outlook and foresees that it could rival gold in
Bitcoin (BTC) has surged by 5% in the past day, bringing it closer to the highly sought-after $60,000 mark. This rapid increase in price is attributed to a surge in investor interest, reaching levels not seen since the 2021 boom in the cryptocurrency market. The demand for spot bitcoin exchange-traded funds (ETFs) has also played
The Bitcoin Fear & Greed Index has recently surged to its highest level in almost three years, reaching Extreme Greed at a rapid pace. This index serves as a tool to measure investor sentiment and their outlook on the market. It helps to determine whether investors are injecting funds into the market or pulling them
As the price of Bitcoin seems to be stabilizing and the markets show signs of uncertainty, there is a divide in the community regarding the future of BTC. Some predict an impending crash, while others foresee a potential for further upward movement. One notable figure, Crypto Jelle, recently made a bold prediction on social media
The outflows from Grayscale’s Bitcoin Trust (GBTC) appear to be decreasing, as indicated by the trading behavior of Bitcoin ETFs. This shift comes at a time when investor concerns regarding Grayscale’s Spot ETF seem to be diminishing, with the entire ETF sector continuously attracting substantial trading volumes and experiencing rapid growth in assets under management.
In a recent report, Matrixport made a bold prediction that Bitcoin would soar to $63,000 by March of this year. This forecast comes on the heels of their previous prediction that Bitcoin would reach $50,000 by the end of January, which ultimately did not materialize as expected. Despite the ambitious nature of this price target,
The recent bullish breakout of Bitcoin (BTC) to the $52,000 price mark has sparked hope within the community, thanks to predictions made by the well-known cryptocurrency analyst, Titan of Crypto. Titan of Crypto pointed out a potential trend called a “Bull Flag formation”, predicting a near-term target price of $61,000 for BTC. Despite some challenges
Following the launch of spot Bitcoin Exchange-Traded Funds (ETFs) by major players such as BlackRock and Fidelity, the response of Bitcoin’s price has been relatively subdued. Despite significant net inflows of $5.278 billion into Bitcoin ETFs within a short period, the price of BTC has only appreciated by 4.3% from $49,040 to $51,000. This lackluster