While bitcoin’s performance over the last couple of years has been nothing short of spectacular, the latest analysis suggests that the world’s largest cryptocurrency has failed to attract safe-haven flows. This was evident in the case of an increased demand for such assets following the escalating conflict in the Middle East, according to Kaiko. Bitcoin...Read More
Bitcoin completed its fourth halving on April 20th, with block rewards falling from 6.25 BTC to 3.125 BTC. Historically, halvings have been related to growing bitcoin prices and eventually marked the beginning of new cycles followed by massive surges in value. The latest halving is no different, even as BTC reached an all-time high beyond...Read More
Crypto markets have shown signs of recovery over the weekend but a busy week ahead on the economic calendar in the United States may refuel momentum for the bears. The Federal Reserve’s key inflation metric, which could impact monetary policy going forward, will be in the spotlight. Macroeconomics outlet the Kobeissi Letter highlighted the key...Read More
Bitcoin’s fourth halving, a highly anticipated event occurring every four years in the cryptocurrency realm, has finally occurred. This event, reducing the Bitcoin block reward from 6.25 BTC to 3.125 BTC, marks a crucial moment in the industry. As a result, the daily issuance of Bitcoin has been slashed in half, now standing at around...Read More
Bitcoin’s fall to $61,000 over the weekend was a result of market participants reducing their exposure to the digital asset ahead of the halving slated for April 20, according to the latest CryptoQuant weekly report. Analysts said traders closed their long positions to take profits, and now, the volume of sell orders in the perpetual...Read More
A recurring pattern that has been observed during each Bitcoin halving is volatility. With the following event right around the corner, Bitcoin dumped over 10% in the past week, sliding to $62,778. But despite a series of price corrections, the accumulation game remains strong among Bitcoin holders. Accumulation Addresses See Record Bitcoin Inflows Popular crypto...Read More
Contrary to the general belief circulating in the crypto community, Bitcoin Stock-to-Flow (S2F) model creator and analyst PlanB thinks this halving will not be different from previous events. According to a tweet, PlanB insists that Bitcoin’s price increases will again be around the halving. This Halving Will Not be Different Over the past weeks, several...Read More
Bitcoin has now retreated 18% from its all-time high of $73,737 on March 14, tapping $60,000 during late trading on April 17. Corrections are a healthy part of market cycles, however, and analysts agree that this one may not be over yet despite the halving being just a couple of days away. On April 17,...Read More
The cryptocurrency market endured massive volatility this week. Amidst geopolitical instability, this price action triggered billions in liquidation and left many wondering if Bitcoin could be used as a hedge against chaos. However, certain cohorts of Bitcoin holders remained unfazed. This is evident by the fact that Bitcoin appears to be entering an accumulation phase...Read More
The bull market euphoria appears to have come to a screeching halt as the crypto market correction continues and digital assets keep dumping. On April 16, prominent market analyst “Cold Blooded Shiller” told his 269,000 followers on X that Bitcoin is “still the cloud that hangs over crypto.” BTC has retreated 15% from its March...Read More
Investor hesitancy continued as digital asset investment products witnessed a modest sum of $126 million in outflows last week. This reluctance could potentially be due to the stall in positive price trends. While trading volumes increased slightly from $17 billion to $21 billion compared to the previous week, activity in ETP/ETFs decreased relative to the...Read More
Bitcoin’s price may be due for another correction despite a strong recovery from its weekend dump to $61,000, according to analysts at CryptoQuant. In a community “quicktake” posted on Monday, Bitcoin and Ethereum trader GAAH noted that the prevailing bullish market sentiment may be getting too hot based on information from the perpetual futures market....Read More
Bitcoin (BTC) could be worth $91,000 at the bottom of the bear market and $650,000 at the top of the bull cycle upon the full deployment of the cryptocurrency’s exchange-traded funds (ETFs) in the coming years. According to a tweet by Bitcoin analyst Willy Woo, the digital asset can achieve these price targets if investors...Read More
Crypto markets have been battered over the past week but started to show signs of recovery during the Monday morning trading session in Asia. However, another busy economic calendar week lies ahead and political tensions in the Middle East have escalated so investors may seek flight to safe-haven assets. Markets will also focus on earnings,...Read More
The cryptocurrency market saw a massive correction in the past two days, starting with a red Friday and followed by a Saturday massacre. While the reasons are still debated, even though they seem to be external and not related to the industry itself, the fact is that the total market cap shed over $400 billion...Read More
While the past several weekends went quite calmly for Bitcoin and the entire crypto market, this time, things are significantly different. Whether propelled by yesterday’s announcements by a few presidents of the US Federal Reserve or today’s reports of Iran preparing an attack against Israel, the reality is that BTC’s price has tumbled hard, and...Read More
A CryptoQuant analyst has revealed that Bitcoin (BTC) still faces the risk of a deeper price correction even as the halving event draws near. According to a Quicktake by Gaah on the on-chain analysis platform, the crypto market is still hot as it is in a dangerous price region for leveraged traders. Significant pressure could...Read More
There are roughly 21,000 Bitcoin options contracts due to expire on Friday, April 12. These have a notional value of around $1.5 billion, which is slightly higher than last week’s expiration event. Additionally, crypto markets have been relatively stable this week, with total capitalization hovering at just over $2.7 trillion, and Bitcoin is dominating market movements....Read More
American author and financial educator Robert Kiyosaki has voiced his agreement with a $2.3 million per Bitcoin (BTC) prediction that Cathie Wood’s asset management firm Ark Invest made earlier this year. According to his tweet, Kiyosaki believes Wood’s predictions because he trusts her opinion, she is smart, and BTC has the potential to become worth...Read More
Bitcoin’s (BTC) rally back to $70,000 has caused the value of meme coins to increase, making them the most profitable group among altcoins. According to a tweet by Santiment, the meme coin sector has experienced remarkable growth over the past week, regardless of their apparent lack of utility and the crypto community’s unfavorable stance on...Read More
Price fluctuations for Bitcoin and the entire crypto market propelled by US CPI announcements had disappeared in recent months, but that trend changed earlier today. After the world’s largest economy showed a higher-than-expected inflation increase, BTC went on a wild ride in hours, leaving nearly $300 million in liquidations. The Consumer Price Index for March...Read More
Bitcoin continued to be choppy as its price briefly dipped below $69,000. What followed was panic from market players. However, data suggest that this sentiment could potentially prove beneficial for a much-needed rebound in Bitcoin’s price. Buying Opportunities Emerge Bitcoin surged to a record peak above $73,700 on March 14, driven by heightened purchasing activity...Read More
The boss of America’s largest crypto mining firm, Marathon, said that spot Bitcoin ETF approvals had brought forward what would otherwise have been the post-halving rally. “I think the ETF approval, which has been a huge success, has attracted capital into the market and essentially brought forward what could have been the price appreciation we...Read More
Monday, April 8, saw an aggregate outflow of $224 million from the newly launched eleven spot Bitcoin ETFs, according to preliminary data from Farside Investors. This reverses four days of inflows, during which a total net of $570 million flowed into the institutional investment products. This week’s outflow was again exacerbated by Grayscale, which saw...Read More
In the past 24 hours, Bitcoin (BTC) has rallied roughly 5%, surging past $72,000 in an attempt to retouch its all-time high. This upward trajectory has significantly reduced the number of addresses holding the digital asset at a loss. According to data on IntoTheBlock, there are currently zero BTC addresses at a loss as the...Read More
The latest bull market in the cryptocurrency industry seems to be underway, given that BTC has already charted a new all-time high, and the total market capitalization is close to its highest figure. Moreover, the fourth halving is anticipated to take place in about two weeks, and history shows that the event tends to serve...Read More
Bitcoin’s price action remained choppy this week. Its recovery to $69,000 remained brief after a massive plunge below $65,000. Nonetheless, the resurgence has sparked significant discussion within the community. The drop is largely attributed to the US government’s move to sell its BTC stash from the Silk Road seizure, with plans for four more similar...Read More
Bitcoin Stock-to-Flow (S2F) model creator and analyst PlanB has identified a level which he believes Bitcoin (BTC) will never go below again. According to a tweet by the controversial analyst, BTC is “highly unlikely” to ever move below $33,000, which is also its 200-week moving average. This prediction applies to post-halving slumps and subsequent bear...Read More
There are around 18,000 Bitcoin options due to expire on April 5 with a notional value of $1.23 billion. However, today’s expiry event is much smaller than last week’s whopping $15 billion end-of-quarter crypto options expiry. Moreover, markets have been weaker this week, with total capitalization falling 5% as $150 billion left the space. Bitcoin...Read More
The Bitcoin halving event has been scheduled to take place in the next 15 days. Based on historical data, it could trigger a bull run that would last months, setting new price peaks. Crypto data analytics platform Kaiko believes BTC could record a new top within nine to twelve months after the event on April...Read More
