Digital asset investment products experienced a cumulative inflow of $176 million in the past week, marking the eighth consecutive week of positive weekly inflows. The share of total cryptocurrency volumes held by Exchange-Traded Products (ETPs) is on the rise, averaging 11%, significantly surpassing the long-term historical average of 3.4%. The latest data suggest that this...Read More
Bitcoin (BTC)’s price will reach $150,000 by 2025 thanks to the upcoming “halving” and spot ETF approvals, wrote Bernstein in a Monday report. Analysts for the $691 billion asset manager’s crypto unit have modeled the asset’s future price based on its marginal production cost for miners, which they argue “acts as the price floor for...Read More
The futurist investment management firm is one of several awaiting SEC approval for a spot Bitcoin ETF product. In a recent interview, CEO Cathie Wood said “something has changed” at the agency as they handle her fund’s application for a spot Bitcoin ETF. Bitcoin price has whipsawed this week, pumping as high as $37,900 from...Read More
Bitcoin has demonstrated remarkable market strength recently, as evidenced by on-chain analysis revealing a surge in BTC whale activity for transactions over $10 million. This increase now constitutes 30% of the recent transaction volume, matching a peak observed only once in 2023. This resurgence indicates renewed market confidence, driven by Bitcoin’s price movements and anticipation...Read More
Since breaking above $36,000 last week, Bitcoin’s exchange rate with the U.S. dollar and USD stablecoins has held steady above the $36,500 level. The bull market has taken BTC’s market cap up to 55% of the global silver market cap. Meanwhile, the total market capitalization of all cryptocurrencies has surpassed the value of all the...Read More
Even crypto cynics are expecting big returns from Bitcoin (BTC) while markets await an SEC approval for a spot ETF product. It could happen any day now. One major Wall Street bank expects the SEC to move by January 10th. Tradfi Chief Riding Bitcoin Momentum Short Hills Capital’s Steve Weiss, a frequent CNBC contributor, recently...Read More
Cryptocurrency exchange Bitfinex has warned investors to exercise caution in their trading strategies as bitcoin (BTC) has entered a higher volatility environment. According to the latest edition of the Bitfinex Alpha report, BTC’s recent ascent to the $38,000 range may not last for a while, as on-chain metrics show that the digital asset could retrace...Read More
Consistent, diligent Bitcoin (BTC) buyers who have stacked sats for two years have greatly outperformed investors in other asset classes – despite entering the crypto market at one of the worst possible times. As of Thursday, dollar cost averaging Bitcoin since November 10, 2021, has put buyers 40% in the green. Bitcoin DCA Is The...Read More
The Ordinals (ORDI) token experienced more than 50% price increase within the past day following its listing on the Binance under the “seed” label on November 7th. ORDI – which is tied to Bitcoin Ordinals – surged from $7.5 to $11.6 on the day as the crypto exchange announced opening trading for new spot trading...Read More
2The crypto market has showcased an impressive run surpassing traditional in terms of growth as well as resilience. Bitcoin’s price trajectory, for one, offered a compelling glimpse into its robust health. Over the past year, the flagship crypto has [posted over 65% gains. Despite this, the long-term Bitcoin holders (LTHs) are yet to capitulate. Long-Term...Read More
In the highly volatile realm of cryptocurrency trading, an astonishing $110 million worth of long positions have been liquidated within a mere 24 hours. Bitcoin and Binance have emerged as the primary contributors to this sweeping wave of liquidation. This dramatic surge of liquidation follows a tumultuous rollercoaster ride in crypto prices. Bitcoin’s value soared...Read More
Investment research firm Bernstein has predicted that bitcoin (BTC) could soar to $150,000 within the next two years. According to a CNBC report, Bernstein analyst Gautam Chhugani said in a research note that BTC’s predicted surge would be due to optimism surrounding the spot Bitcoin exchange-traded fund (ETF). BTC to Hit $150K in 2025 Chhugani...Read More
Data from previous crypto market cycles suggests that Bitcoin (BTC)’s dominance over altcoins will likely keep rising over the next several months, according to Glassnode. In a newly published report, the blockchain and market intelligence outlined how the leading crypto asset’s dominance is shaping up against the second largest crypto, Ethereum (ETH), compared to previous...Read More
In 2023, Bitcoin has delivered remarkable gains, surpassing the initial recovery phase and resuming an upward trajectory. The crypto-asset’s price has been hovering a little over $34,000 as it continues to ride on the coattails of spot ETF hype. But it is approaching the overheating zone, something that investors should pay attention to. According to...Read More
The recent impressive rise of Bitcoin beyond the $35,000 threshold, a level not seen in 17 months, has initiated a ripple effect within the market. In direct response to this upswing, a notable $275 million in USD notional value worth of short positions was liquidated on October 23rd. According to Bitfinex Alpha Report, the magnitude...Read More
Bitcoin’s breakout rally in October has markets eagerly anticipating the cryptocurrency’s next moves. Trading at $28,000 on crypto exchanges to start the month, Bitcoin price (BTC) is poised to finish October well above $34,000. That’s a cool 21% monthly return on investment at the Oct 1st price. But where does the world’s leading cryptocurrency go...Read More
Bitcoin price surged in a breakout rally to briefly touch $35,000 this month. But Euro Pacific Capital’s founder and chief global strategist doesn’t think it will last. This month saw the ever-widening buzz surrounding a hotly anticipated approval by the SEC of a spot Bitcoin ETF. The excitement has pushed blowout Bitcoin sales on crypto...Read More
Bitcoin is trading at a premium in several countries facing extreme currency devaluation and political uncertainty, including Nigeria and Turkey. As of Friday morning, the leading cryptocurrency is hitting new all-time highs (ATH) in Nigeria, Turkey, and Argentina as residents turn to the safe haven asset amid soaring inflation rates. Bitcoin Hits New High in...Read More
As Bitcoin hovers near the $35,000 mark, igniting a widespread surge in the crypto market, a new report hints at more gains in the offing for the flagship crypto asset. Matrixport, the digital asset trading firm established by Wu Jihan, co-founder of Bitmain, believes the current bull market actually initiated in June this year when...Read More
The Crypto Fear and Greed Index has soared to levels last seen in November 2021, when bitcoin (BTC) hit an all-time high of more than $69,000. According to crypto data source Alternative.me, the Fear and Greed Index is currently at 71, indicating a greed sentiment among market participants. BTC Investors Have Become Greedy The Crypto...Read More
The spot ETF bungle in the United States continues as BlackRock’s IBTC vanishes then appears again on the Depository Trust and Clearing Corporation website. The subsequent developments have managed to sway Bitcoin’s price rather violently since, traditionally, these steps by DTCC are executed immediately prior to the product launch. It is important to note that...Read More
Bitcoin mining stocks have been among the stock market’s best performers all year. The situation got even better since the start of the week as several miners rallied double digits. The surge in the cryptocurrency market this month rallied the price of Bitcoin and other cryptocurrencies. That includes an increasingly dominant Bitcoin market cap, as...Read More
Bitcoin (BTC)’s explosion to a new yearly high on Monday has placed the vast majority of investors’ holdings back into profit, according to a new report from Glassnode. The blockchain and market intelligence platform said that 4.7 million BTC flipped green after the rally, representing 24% of Bitcoin’s circulating supply. Chaos In The Derivatives Market...Read More
The Depository Trust and Clearing Corporation (DTCC) removed BlackRock’s Bitcoin ETF, iBTC, from its ETF list shortly after its addition on Monday. Bitcoin’s price dropped by 3% in response, falling from $34,527 to $33,432 within 30 minutes shortly after the removal was noticed. The drop appears to have triggered $37 million in long liquidations across...Read More
The latest edition of a weekly report from crypto exchange Bitfinex has revealed that bitcoin (BTC) is likely to experience heightened volatility in the coming months. According to the Bitfinex Alpha Report, the crypto market is currently in one of the longest low-volatility periods in Bitcoin’s history. However, that trend seems to have changed as...Read More
While Bitcoin has nearly doubled in value since the start of the year, one of its close neighbors in the investment universe has proven a more profitable buy: mining companies. Nearly all publicly-traded Bitcoin mining firms have soared over 100% since January 1, benefitted by both BTC’s rising value and positive business developments. Bitcoin Miners...Read More
The weekend has been a big one for crypto markets, with BTC skyrocketing to a new multi-month peak at around $31,000. Moreover, the move has pushed total market capitalization to $1.19 trillion, its highest level since mid-August. Solid Bitcoin Weekly Close Bitcoin prices neared $31,000 during the Monday morning Asian trading session. This is the...Read More
Investment banking giant Morgan Stanley published a report on Tuesday arguing that Bitcoin (BTC)’s upcoming halving event in six months may be the dawn of a new bull market. With reference to Bitcoin’s “four seasons,” the bank claimed that “crypto winter” may already be over. Crypto Winter Is Over Morgan Stanley Wealth Management defines cryptocurrency...Read More
While giving a recent keynote address for Zoom’s 2023 Zoomtopia Conference, the Berkshire vice president said Bitcoin is the “stupidest investment I ever saw.” He didn’t stop there, though. Charlie Munger went on to say that most cryptocurrencies aren’t just unprofitable, but he thinks bagholders will eventually lose all their money: “Don’t get me started...Read More
Over the past couple of hours, Bitcoin prices cranked 2.5% from $28,600 to hit an intraday high of $29,361. The total gain on the day is 3.2%, and the asset has made a whopping 9% since this time last week when it was trading at around $26,800. Analyst “CrediBULL Crypto” was quick to declare “Bitcoin...Read More
