Recent data from crypto analytics firm Glassnode has revealed that the amount of Bitcoin held on Coinbase has plummeted to a nine-year low. This significant drop in BTC balance on the exchange has sparked speculation about the possibility of the flagship cryptocurrency soaring to a new all-time high of $75,000 in the near future. According
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Cryptocurrency expert Rekt Capital has highlighted a striking resemblance between the recent Bitcoin pre-halving retrace and the one that occurred in 2020. This similarity has piqued the interest of many in the crypto community, as it could potentially indicate an upcoming upsurge in the value of the largest cryptocurrency asset. Bitcoin is currently on a
In the ever-evolving world of cryptocurrency, it is essential to have expert voices guiding investors through the uncertain terrain. Doctor Profit, a renowned cryptocurrency analyst, has recently shed light on regions that are crucial for Bitcoin’s current trajectory. His insights have sparked optimism within the crypto community, particularly amidst concerns over Bitcoin’s recent price fluctuations.
As the digital currency market continues to evolve, Bitcoin remains at the forefront of discussions among analysts and enthusiasts alike. The year 2024 has sparked a heated debate about the future price trajectory of Bitcoin, with contrasting viewpoints leading to uncertainty about where the cryptocurrency is headed. One school of thought, led by prominent crypto
Bitcoin ETFs faced a challenging week last week, with Spot Bitcoin ETFs experiencing consecutive daily outflows. This trend indicated a potential decrease in bullish sentiment among institutional traders. The price of Bitcoin also reflected this bearish movement, dropping to as low as $61,370 during the week. The surge in investor interest in Spot Bitcoin ETFs
The recent price performance of Bitcoin has left many in the crypto community concerned, with several large-cap tokens experiencing a reversal of their profits. However, some investors see the current price decline as a rare opportunity in the bull market. These investors continue to accumulate assets of their choice, despite the market volatility. On-Chain Data
The recent decline in Bitcoin’s price has resulted in a gloomy outlook for the spot Bitcoin ETF market. Data from BitMEX Research shows that there has been a negative netflow in these BTC ETFs for the past four trading sessions. This negative trend has been driven by significant outflows from Grayscale’s GBTC and record low
Recently, analysts at JPMorgan have expressed caution regarding Bitcoin’s future trajectory post the Bitcoin Halving event. Despite the general optimism surrounding the Halving, JPMorgan strategists believe that the flagship cryptocurrency might still face challenges before experiencing significant upward movement. Citing factors such as net outflows in Spot Bitcoin ETFs and sustained open interest in CME
The recent surge in Bitcoin’s value, reclaiming the $67,000 mark, came as a shock to many traders who were expecting the market’s decline to continue. This unexpected turn of events led to a wave of liquidations amounting to nearly $300 million within a 24-hour period. According to data provided by Coinglass, approximately 86,047 traders suffered
Despite certain Bitcoin fundamentals pointing to a sustained upward movement, the recent price decline of the flagship crypto token has left many investors puzzled. Data from the on-chain analysis platform CryptoQuant highlights that the supply of Bitcoin on exchanges has decreased by nearly 40% in the past four years. This reduction in supply ahead of
Bitcoin has recently experienced a significant decline in value, dropping from over $73,600 to under $60,800 in a short period. This -17% loss has sparked discussions among crypto experts on social media platforms like X (formerly Twitter), who are trying to pinpoint the reasons for this downturn. Alex Krüger, a prominent figure in both macroeconomics
The Government Pension Investment Fund (GPIF) of Japan, the world’s largest pension fund with assets totaling $1.5 trillion, recently announced its initiative to explore diversification opportunities that include Bitcoin. This exploration signifies a potential monumental pivot in the investment strategy of a fund traditionally associated with more conservative asset classes. The fund is in the
The recent decline in the price of Bitcoin has been a cause for concern among investors and analysts alike. Since reaching an all-time high of $73,000, the cryptocurrency has been on a downward trajectory, sparking speculation about its future direction in the short term. With the Bitcoin Halving event looming on the horizon, many experts
The recent turmoil in the cryptocurrency market has taken a toll on Bitcoin, causing a sharp decline in its prices. After enjoying a sustained period of growth and reaching record highs, Bitcoin plummeted to a weekly low of $65,000, leaving investors reeling from the sudden drop. As of the latest data from Coingecko, Bitcoin was