Bitcoin prices dumped to $92,980 during late trading on Dec. 5. The move follows an all-time high earlier the same day when the asset came just short of $104,000 on Coinbase. The 10% flash crash wiped around $10,000 off the price of BTC as another leverage-induced liquidation event occurred. BREAKING: #Bitcoin briefly falls -$8,000 in...Read More
Bitcoin’s (BTC) 7% surge above $100,000 in the past 24 hours has ignited a massive reaction in the crypto community. Market experts and analysts are discussing factors that led to the historic move and speculating about how high bitcoin can go, given the current state of the market. CryptoPotato received remarks from analysts at the...Read More
The Mt. Gox-related wallet activities once again captured attention with a massive transfer of 27,871 BTC, worth around $2.8 billion, to an unidentified address on December 4. This transaction coincided with Bitcoin reaching an all-time high above $100,000, marking a historic moment for the cryptocurrency. Analytics from Arkham Intelligence reveal that the wallet, tied to...Read More
For the first time, Bitcoin has crossed the $100,000 mark after struggling for two weeks due to significant profit-taking. Institutional demand has played a key role in driving the market’s momentum and subsequently helping the world’s largest cryptocurrency to hit the milestone. According to CryptoQuant, the Coinbase Premium Index spiked, depicting sustained buying pressure from...Read More
Total crypto market cap has reached an all-time high of $3.83 trillion following a 2.7% rise on the day, according to Coingecko. Digital asset market momentum has largely been driven by Donald Trump’s presidential election victory and the promise of a pro-crypto regulatory landscape in the United States. Since election day on Nov. 5, almost...Read More
Bitcoin prices surged to a record high of $103,630 during early trading in Asia on Thursday, Dec. 5, according to Tradingview on Binance. The breakout of consolidation added more than 7% over the past 12 hours as the asset climbed from an intraday low of around $95,000. Bitcoin has now made a whopping 140% year...Read More
The largest cryptocurrency went on a full bull run after Donald Trump won the US presidential elections a month ago but its most recent price movements have been quite underwhelming compared to numerous altcoins. However, the amount of BTC getting withdrawn from exchanges continues to increase, and another address-related metric suggest the asset’s price still...Read More
“One of the biggest misconceptions in Bitcoin is that HODLers never sell,” said on-chain analyst James Check on X on Dec. 3. However, they do sell, and they’re currently keeping prices from moving higher, he added. Bitcoin has been range bound, oscillating around $95,0000 since Nov. 20, two weeks ago. It has failed to register a...Read More
Bitcoin (BTC) currently ranges between $94,000 and $96,000, but on-chain signals suggest the cryptocurrency is on the verge of a massive breakout. Data from blockchain analytics platform CryptoQuant indicates that BTC could witness a sharp and significant uptick within the next one to two months. According to a report by pseudonymous digital asset analyst Crypto...Read More
With December historically a volatile and choppy month for bitcoin (BTC), analysts at the crypto exchange Bitfinex believe the digital asset could experience a short-term pullback; however, a shift in network dynamics could push it above $100,000. According to a weekly report, BTC could maintain upward momentum this month and rally past $100,000 if short-term...Read More
Following a couple of unsuccessful attempts to decisively reclaim $98,000 and potentially head toward $100,000, BTC’s price tumbled in the past few hours to under $95,000. This adverse move came amid reports that large bitcoin whales have deposited significant amounts of the asset to Binance, potentially to realize some profits. However, there’s some good news...Read More
Rumble, the popular online streaming and video platform, announced that its Board of Directors has approved a plan to diversify the company’s treasury by allocating a portion of its surplus cash into Bitcoin. As part of this new strategy, the company plans to invest up to $20 million in BTC, with purchases made at its...Read More
Bitcoin is making another push toward the coveted six-figure milestone. On November 22, it came within $200 of the $100,000 mark after hitting $99,800, fueling analyst expectations of an imminent breakthrough. However, the subsequent corrections raised concerns. A catalyst for Bitcoin could be the growing narrative as a hedge against global macroeconomic risks and a...Read More
The 2024 cryptocurrency market witnessed an explosive rally, spurred by Donald Trump’s victory in the Presidential Election. Data suggest that interest in Layer 1 blockchain solutions has soared, as these platforms provide the foundation for dApps and Smart Contracts, intensifying the race for L1 dominance. Unlikely Cryptos Take Center Stage According to the latest report...Read More
Despite bitcoin’s price turmoil over the past week, Ki Young Ju, the founder and CEO of the market analytics platform CryptoQuant, believes the leading digital asset’s dominance is less likely to decline soon. Historical data shows that alternative cryptocurrencies (altcoins) have always rallied when BTC retraces and seen a decline in market dominance during bull...Read More
Bitcoin (BTC) is still far from the overvalued levels that indicate the end of a bull cycle despite having rallied above $99,000 last week. According to on-chain data analyzed by CryptoQuant, the cryptocurrency can still surge past $100,000 to $146,000, the top target from a realized price valuation perspective. This perspective indicated the top price...Read More
Bitcoin’s recent explosive price action has resulted in a significant surge in profit-taking among long-term holders (LTHs). According to a review by Glassnode, the LTHs have realized $2.02 billion in daily profits, eclipsing the figure recorded in March 2024 and marking a new all-time high (ATH). Long-Term Holders Ramp Up Distributions The blockchain intelligence platform’s...Read More
Although market dynamics signal the onset of an altcoin season, Bitfinex believes any major correction in bitcoin’s price would be magnified in these assets. Over the past three weeks, the Total3 Index, which refers to the market capitalization of cryptocurrencies excluding bitcoin (BTC) and ether (ETH), has rallied to levels not seen in three years,...Read More
Bitcoin went through one of its most spectacular runs in recent history since the US elections three weeks ago, skyrocketing from under $70,000 to just shy of $100,000. After gaining more than $30,000 in less than a month, it was almost inevitable that the asset would eventually retrace, which happened yesterday as BTC was rejected...Read More
Bitcoin prices dumped to a six-day low of $92,775 during early trading on Tuesday in Asia. The widely anticipated correction has taken the asset down almost 7% from its Nov. 22 all-time high of $99,845. However, it had already started to bounce back coming just shy of $95,000 in Asian trading on Nov. 26. Moreover,...Read More
Crypto markets have been rallying for the past several days, however, things are starting to cool, with most digital assets correcting as this week begins. The robust economic backdrop, coupled with the expected policy changes under Donald Trump’s administration, supports an optimistic outlook for crypto and tech stocks, especially assets associated with artificial intelligence. Economic...Read More
Several base-layer blockchain cryptocurrencies that compete with Ethereum—because they are optimized for smart contracts and open-source currency issuance—rallied further up their price charts than ETH during the US election rally. Even Bitcoin gains beat Ether’s on this turn of the markets. For the 30 days ending Friday, Nov. 22, Bitcoin’s price gained 47%. Meanwhile, Sui Coin...Read More
Bitcoin’s price was still up by 9% compared to its valuation a week ago. But that’s a far cry from its green 17% weekly candle on Nov. 10, just five days after the US elections. The election of a crypto-friendly cabal of Republican politicians with war chests full of blockchain money gave the market a...Read More
Bitcoin (BTC) has been flirting with the $100,000 mark over the last 48 hours as optimism for a higher rally engulfs the market. As a result, investors have become very greedy. Data from the Crypto Fear and Greed Index, which tracks investor sentiment across the market, indicates that participants are in an extremely greedy phase....Read More
The crypto community mourns on X as the 2024 bull market seems to be over. No, this is not a drill, Jim Cramer said on national TV that bitcoin is a winner and he advised people to own BTC. If this isn’t a clear bear signal, we don’t know what is. Bitcoin Is a ‘Winner’...Read More
It has been just over two weeks since it became known that the self-proclaimed ‘pro-crypto’ candidate, Donald Trump, will be the next president of the US. The news was received with open arms by crypto investors as prices of all major assets skyrocketed to local or all-time peaks. Expectedly, bitcoin was and still is at...Read More
Around 29,000 Bitcoin options contracts will expire on Friday, Nov. 22, and they have a notional value of around $2.84 billion. Today’s options expiry is slightly smaller in magnitude than last week’s, but spot crypto markets are on fire, with peak prices being hit by several assets. A huge $9 billion expiry event will occur...Read More
Bitcoin skyrocketed above $98,000 on Thursday, hitting a new peak as its market cap neared $2 trillion. Investor optimism surrounding Donald Trump’s presidential win has sparked speculation that his leadership could lead to crypto-friendly policies, which has contributed to the surge. As a result, the leading cryptocurrency has gained over 44% since the November 5...Read More
Due to Bitcoin’s persistent rally over the past week, the cryptocurrency’s market cap is a few steps away from hitting $2 trillion, and social media is abuzz with excitement. A tweet by on-chain analytics platform Santiment revealed that social media is bustling with speculation on which cryptocurrencies may experience top isolated rallies in the coming...Read More
Bitcoin’s market capitalization hit an all-time high of $1.93 trillion on Thursday, Nov. 21, when the asset reached a record high of $97,850. This means that its market cap is now larger than the world’s sixth-largest company, Saudi Aramco, and just $230 billion behind e-commerce giant Amazon. The firm, also known as the Saudi Arabian...Read More
