Bitcoin (BTC) has defied recent bearish sentiments and surged back to life with a furious rally on Wednesday, reclaiming the $44,000 mark and reaching a four-week high. The leading cryptocurrency has been propelled by a combination of factors, including renewed accumulation by major investors, record highs in US equity markets, and an unexpected regulatory shift
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Bitcoin has been experiencing a period of sideways movement since mid-January, when its price broke out of an upward channel. However, this phase of stagnation could soon come to an end, as signaled by the Bollinger Band Width (BBW) indicator. The BBW measures the divergence or convergence of the Bollinger Bands, which consist of an
Institutional investors are increasingly gravitating towards digital asset investment products, with Bitcoin and Solana leading the way. According to a CoinShares report, Bitcoin witnessed significant inflows, totaling $703 million last week, accounting for 99% of all flows into these investment products. Solana, although trailing behind, still managed to secure an impressive inflow of $13 million,
The flagship cryptocurrency, Bitcoin, appears to be at a crossroads as it continues to trade flat, uncertain about the direction it will take next. Crypto analyst Eric Krown Crypto sheds light on the key factors that will ultimately determine Bitcoin’s next move. In a recent video on his YouTube channel, Krown utilizes the Stochastic indicator
Bitcoin, the largest crypto asset, currently finds itself in a state of stagnation, causing many investors to question the next move for the cryptocurrency. Over the past week, Bitcoin has been trading between $41,000 and $45,500, with a brief dip below $40,000 on January 23. While the price action may seem lackluster, on-chain data reveals
The analysts at cryptocurrency exchange Coinbase have expressed their confidence in the future performance of Bitcoin and the entire crypto market in the second quarter of 2024. This prediction comes at a time when Bitcoin is gradually recovering from recent market setbacks, with a 3.31% increase in the past week to trade above $43,000. The
The Spot Bitcoin ETFs have exceeded expectations, as institutional adoption of Bitcoin continues to soar. Recent analysis reveals the significant amount of Bitcoin that institutional investors such as BlackRock have accumulated in just one week. Lookonchain, an on-chain analytics platform, reports that a total of 19,908 BTC (equivalent to $860 million) was purchased by Spot
The anticipation for the upcoming Bitcoin halving event is reaching its peak within the cryptocurrency community. Investors are hopeful that BTC will witness a massive rally post-event. However, it is crucial to consider several key factors before jumping to conclusions. Ali Martinez, a renowned cryptocurrency analyst, has provided valuable insights into what investors should watch
Amidst a recent rally in Bitcoin (BTC), several well-known cryptocurrency analysts have expressed bullish sentiments towards the largest crypto asset, presenting positive predictions for BTC in both the short and long term. Ali Martinez, a popular crypto analyst with a deep enthusiasm for cryptocurrency, recently took to the social media platform X (formerly Twitter) to
Bitcoin’s reign as the leading NFT platform was short-lived, as data from NFT analytics platform CryptoSlam reveals a sharp decline in NFT sales on the Bitcoin network. In December, Bitcoin surpassed Ethereum with $881 million worth of NFT sales. However, in January, Bitcoin’s volume plummeted to $314 million, while Ethereum maintained a steadier pace with
Bitcoin investors who endured a bearish January may find solace in the possibility of a bullish February. Crypto analyst and long-term investor, Jelle, recently highlighted an interesting historical pattern that indicates February could be a favorable month for Bitcoin. According to Jelle, if history repeats itself, February should be strong for Bitcoin. The pattern he
It has been an eventful start to the year for Bitcoin, with a flurry of activities and price fluctuations. From the approval of spot Bitcoin ETFs by the SEC to a significant price decrease and selloffs from the Grayscale BTC Trust, the cryptocurrency market has experienced a whirlwind of events. However, amidst these ups and
Bitcoin, the world’s leading cryptocurrency, has recently experienced a significant surge in price, surpassing the $42,000 mark. This sudden market recovery can be attributed to a multitude of factors, including revelations about the US economy and other key events affecting the cryptocurrency market. The Impact of Economic Indicators One significant event that may have influenced
The US government has recently made an announcement that has sent shockwaves throughout the crypto community. The Department of Justice (DOJ) revealed its plans to offload a significant portion of its Bitcoin (BTC) holdings, which has raised concerns among investors and enthusiasts alike. This move comes at a time when the crypto market is already