Bitcoin has recently experienced a surge in interest from short-term holders, with over 1.2 million BTC being accumulated since December 2023. This accumulation trend, in addition to the launch of Spot Bitcoin ETFs in the US, has captured the attention of investors and analysts alike. While whales and long-term holders have historically been major players
Bitcoin
In the world of cryptocurrency, predictions regarding the price of Bitcoin are a dime a dozen. Pseudonymous crypto analyst PlanB has recently made a bold claim that Bitcoin will hit $100,000 this year, despite the current bearish sentiments surrounding the flagship crypto. PlanB, in a video on his YouTube channel, confidently stated that he believes
Recently, the Bitcoin price experienced a sharp downturn, falling below the $67,000 mark and causing concern among investors. However, crypto analyst Michael van de Poppe has taken a different stance, urging the crypto community to see this dip as a chance to purchase Bitcoin at a lower price. The unexpected price decline in Bitcoin has
The recent acquisition of 8,888 Bitcoin by Tether has raised eyebrows in the crypto community. Tether, as one of the largest stablecoin issuers, now holds nearly 75,400 BTC, positioning itself as one of the biggest Bitcoin holders in the industry. This move by Tether is not entirely surprising, considering the company’s earlier announcement of consistently
As the Bitcoin Halving event looms closer, with less than 2,900 blocks remaining before miners’ rewards are halved, the anticipation among the crypto community is palpable. Scheduled to occur around April, data from Coinwarz points to April 19 as the likely date for the Halving at Block 840,000. This significant event, built into the core
As the Bitcoin Halving approaches, all eyes are on the flagship cryptocurrency, but crypto analysts like Jason Pizzino are making a strong case for altcoins such as Ethereum (ETH) and Solana (SOL). Pizzino suggests that Ethereum could potentially experience a breakout in the coming months based on his analysis of the ETH/BTC pair. While Bitcoin
Cryptocurrency analyst Rekt Capital recently discussed the potential breakout of Bitcoin from a weekly range known as Black-Black. This range was established after Bitcoin experienced an 18% correction, with candle-bodied and upside-wicking peaks in 2021 defining the range. Rekt Capital suggested that reclaiming the $69,200 Range High could signal a breakout for Bitcoin, potentially ending
The recent surge in Bitcoin price has been attributed to the accumulation by large whales and shark investors. While whales hold hundreds of millions of dollars worth of BTC, sharks are addresses holding between 100 BTC and 1,000 BTC. According to Glassnode data, shark wallet addresses have accumulated 268,441 BTC in the past 30 days,
In recent days, the Bitcoin price has seen a significant uptick, sparking enthusiasm among investors and drawing comparisons to the positivity associated with Holy Week in the Christian faith. This surge in the price of Bitcoin has not been isolated, as other major cryptocurrencies have also experienced notable gains over the past week. The renewed
Bitcoin investors have recently experienced a significant increase in profits, with the crypto asset surging by 9.34% to trade above $71,000. This substantial uptick in price has left many individuals in the BTC market eagerly anticipating potential large gains in the current bull cycle. However, according to Bitwise CEO Hunter Horsley, the impending halving event
The recent outflows from the Grayscale Bitcoin ETF caused a significant stir in the market, resulting in a sharp decline in the value of BTC. However, as a new week dawns, there seems to be a shift in sentiment among investors, with a renewed sense of optimism towards Bitcoin. This shift is reflected in the
Bitcoin (BTC) has recently surpassed the $70,000 mark, sparking speculation about a potential surge in the near future. Analyst Ali Martinez has identified a bull flag pattern on Bitcoin’s 4-hour chart, suggesting a consolidation phase with a slight downward trend. Despite a recent dip below $61,000, Bitcoin rebounded into the $67,000-$70,000 range, reinforcing the validity
After weeks of bearish sentiment surrounding Bitcoin, the bulls seem to have regained control as the Spot Bitcoin ETFs are once again experiencing significant inflows. Farside Investors reported a total of $243 million in inflows on March 27, with BlackRock’s iShares Bitcoin Trust (IBIT) and ARK 21Shares Bitcoin ETF (ARKB) leading the way with $323.8
The recent surge in the price of Bitcoin, reaching a new all-time high above $73,000, has sparked excitement among investors. This surge comes ahead of the halving, prompting Bitcoin whales to fill up their wallets with more BTC in anticipation of an explosive move in the market. These large Bitcoin whales, who hold at least