After posting remarkable gains, Bitcoin entered a new week on shaky ground as sell-offs hint at a shift in sentiment. The traders are currently on edge amid a pause in the once-continuous upward trajectory of its prices. The latest data suggest that professional traders have turned cautious amidst uncertainty in Bitcoin’s price. Bitcoin Professional Traders...Read More
As Bitcoin emerges as the top-performing asset in 2023, it has garnered endorsement from major Wall Street players such as BlackRock, who are actively working to integrate cryptocurrencies into the financial mainstream. This indicates that the extended Crypto Winter has indeed come to an end, but it seems that retail participants are falling behind. Retail...Read More
Jan van Eck – the CEO of VanEck – one of the first global financial companies to file for a spot Bitcoin ETF years ago – believes BTC is a unique asset that will be extremely hard to duplicate or outdo. He also refuted the speculations that the asset is one big bubble and said...Read More
The price of bitcoin (BTC) has entered a correction phase following the asset’s rally to and beyond the $44,000 mark. A weekly report from the on-chain analytics platform CryptoQuant revealed that several valuation metrics show the leading digital asset is due for a correction as its price has increased too fast. BTC in the Correction...Read More
Bitcoin is signaling the start of a new bullish trend, rebounding to $42.6k following a recent sell-off primarily driven by short-term holders (STHs), who constitute the more speculative segment of the Bitcoin investor base. Ether also experienced an upswing, crossing the $2,270 mark alongside the world’s largest crypto. On the backdrop, substantial capital inflows into...Read More
On Dec. 14, Bitcoin pioneer Nic Carter asked the burning question. Almost everyone assumes that we’re due for a 2017/18 or 2021/22-esque bull run, he said. “I’ll be the guy to ask why. Do you have any basis for this or have you trained a model on 2 data points?” he asked. The question is...Read More
On Dec. 13, Bitwise Invest research analyst Ryan Rasmussen predicted that Bitcoin will hit an all-time high of $80,000 in 2024. He did not specify a month or quarter but said that two major catalysts will help get us there. These are the anticipated launch of a spot Bitcoin ETF in early 2024 and the...Read More
VanEck Associates, the mutual fund and ETF manager with over $76 billion in assets under management (AUM), has a bold Bitcoin price prediction for 2024. The fund’s digital assets division expects a Donald Trump reelection victory next year to coincide with a new all-time high price for BTC. VanEck Analysts 2024 Bitcoin Price Prediction A...Read More
After a powerful rally, Bitcoin appears to have hit a degree of near-term exhaustion. The uptrend encountered resistance this week, breaking to a new yearly peak of $44.5k before sustaining the third sharpest selling-off of 2023. On-chain data suggest that short-term holders (STH) are to blame for pausing the climb. Bitcoin Short-Term Holders Capitalize on...Read More
The supply of bitcoin (BTC) on centralized crypto exchanges has fallen to its lowest level in six years, indicating a decline in selling intent. According to the latest edition of the Bitfinex Alpha report, exchange-held BTC has reached its 45th consecutive month of diminishing supply. The development came when BTC hit a significant resistance level...Read More
With Bitcoin (BTC)’s next halving only five months away, investors are excited about whether the event can catalyze another epic bull market similar to years past. Mitchell Askew – Head Analyst for Blockware Solutions – is optimistic: not only does he predict more gains to come, but that the halving’s effect will retain its exponential...Read More
The largest digital asset crashed almost 5% in just over an hour, slumping from $43,800 to an intraday low of $41,780 during the Asian trading session on Monday, Dec. 11. At the time of writing, BTC was changing hands for around $42,300, which still puts it up 3.7% from the same time last week. The...Read More
The Bitcoin halving is arguably the most important event in the cryptocurrency industry, taking place every roughly four years (210,000 blocks). It aims to reduce the speed at which new BTC is being produced, which essentially reduces the pre-programmed inflation rates and ensures that Bitcoin mining will continue for many more years, even though more...Read More
Five months after Ripple’s resounding legal triumph over U.S. regulators, the company’s cryptocurrency has shed virtually all of its former gains against its digital competitors. The XRP/BTC price ratio has returned to its level from prior to July 13, after which XRP rallied against the market’s leading crypto asset by ~80% within a week. Back...Read More
Popular analyst and Bitcoin advocate CryptoCon BitTime is currently on track, and the model suggests that BTC cycles closely follow each other, particularly when they alternate. In a post on X, CryptoCon shows a chart in which the current white cycle is compared to the 2015-2018 cycle, and it accurately predicted the early top in...Read More
Bitcoin (BTC) has climbed back to $44,000 for the first time in 19 months – nearly three years since first reaching that value in February 2021. That doesn’t mean the asset is stagnant, however: on-chain analysis finds that much has changed about the nature of the crypto market, painting a much more bullish outlook this...Read More
For its more speculative enthusiasts, Bitcoin is delivering an early Christmas by racing beyond the $40,000 threshold and showing strong upward momentum. The rally has helped the market to distance itself from the challenges of the crypto winter in 2022. Yet, it’s essential to note that Bitcoin began the year with a precarious start, initially...Read More
The Bitcoin critic Peter Schiff made yet another bold prediction about the fate of Bitcoin in light of gold’s recent dip following a peak. In a fresh assault on Bitcoin’s potential, Schiff predicted a collapse “more spectacular” than the crypto asset’s recent rally. Schiff may have convinced himself that Bitcoin is spiraling into oblivion, but...Read More
In the past week, investments in digital asset products surged by $176 million, marking the 10th consecutive week of continuous inflows. The total inflow over this period reached $1.76 billion, constituting 4% of the assets under management (AuM). This streak of inflows is the largest since October 2021, when the US witnessed the launch of...Read More
Crypto markets have marched higher during the weekend and into the Monday morning Asian trading session. They have been dominated by Bitcoin, which has surged to its highest price in 19 months, reaching $41,750 on December 4, according to CoinGecko. At the time of writing, the asset was trading close to $41,500 following a 5.2%...Read More
As CryptoPotato reported, Bitcoin’s price exploded above $41K for the first time in 19 months, leaving a trail of liquidated short positions over the past 24 hours. Many analysts and experts have stated that the bull run has already begun, while others believe that it will come following the 2024 Bitcoin halving. That said, Jeroen Blokland, a...Read More
Touching $$40,000 this week, Bitcoin price continues to post new highs since the 2022 bear market. The going price for a whole coin was below $27,000 at the end of September just two months ago. Growing excitement over a Bitcoin ETF approval by the SEC drove BTC higher in the fourth quarter. But the world’s...Read More
Michael Novogratz, the founder and CEO of Galaxy Digital Holdings Ltd., anticipates that Bitcoin will reclaim its previous peak within a year, fueled by the growing expectation that the U.S. Securities and Exchange Commission (SEC) will greenlight the first American exchange-traded fund (ETF) directly holding Bitcoin. Meanwhile, there has been a surge in Bitcoin ETF...Read More
After a meteoric rise from $26,750 on Oct. 12 to close the month at $34,667 on Oct. 31, Bitcoin price (BTC) is still rising in November. BTC pumped from the $36,500 handle to multi-day support at $37,400 the day Grayscale Investments met with the SEC over its Bitcoin ETF application. But its gains have seen...Read More
The Bitcoin spot ETF narrative has numerous analysts and famous figures in the crypto space debating how much BTC will be worth if the ETF gets approved. The recent developments in the cryptocurrency market — the aftermath of the DOJ settling with Binance in $4.3 billion deal and the removal of CEO Changpeng Zhao — have...Read More
The prospect of a regulated spot Bitcoin ETF has roused cryptocurrency investors into a frenzied bull run. They expect an ETF product to on-ramp millions of investors in structured broker-dealer accounts. Since March, Bitcoin (BTC) has traded in a range bound by support at $25,000 and resistance at the $30,000 level. As spot ETF rumors...Read More
The largest cryptocurrency exchange – Binance – experienced an increase in the withdrawal of funds shortly after its chief executive, CZ, pled guilty to criminal charges. Although the mass exodus of digital assets from Binance has somewhat diminished, outflows persist. The latest data indicates a transfer of funds between Binance and Coinbase Pro. CZ pleaded...Read More
The volume of Bitcoin supply in profit has reached the levels last seen two years ago as the market came off its November 2021 all-time high, according to Glassnode. In its ‘Week on Chain’ report released this week, the analytics provider added that the magnitude of unrealized profit held within these coins remains modest. The...Read More
Users of Bitcoin’s blockchain payments network have seen transaction fees explode since October. Meanwhile, the oldest cryptocurrency’s main rival, Ethereum, is also seeing sky-high fees. According to blockchain data service CryptoRank from earlier this week, ETH gas fees across the network averaged $20 to bridge assets, $60 to make a token swap and $110 to...Read More
Bitcoin (BTC) has entered a consolidation phase, where uncertainty and fears abound about its price declining further. According to the latest edition of the Bitfinex Alpha report, BTC is hovering around the $37,000 price range with signs of diminishing momentum and positive funding rates on futures contracts, a metric historically associated with market declines. Besides...Read More
