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
Bitcoin briefly soared toward $30,000 following a false spot Bitcoin ETF approval information before swiftly retreating to the $28,000 level. But an actual approval could add $1 trillion to the crypto market, according to the latest report by CryptoQuant. The next wave of Bitcoin institutional adoption appears to be advancing in the form of financial...Read More
Digital asset investment products attracted inflows for the third week in a row, totaling $15 million. However, trading volumes remain 27% below the 2023 average. Over the past week, Bitcoin saw inflows of $16 million, bringing the year-to-date inflows to $260 million, while short BTC products also received $1.7 million. Altcoins, however, did not have...Read More
Bitcoin has just set a new record for the time spent in a mid-cycle consolidation phase between market cycle peaks. It has been in this phase for eight months, according to technical analyst ‘CryptoCon,’ who added that this cycle is still playing out the same as previous ones. The analyst has used Fibonacci retracement levels...Read More
Bitcoin short-term holders’ supply has taken a severe hit this year, while the asset itself wiped all the gains of ‘Uptober’ following several corrections and a failure to launch a meaningful rally. But as the price of Bitcoin recovers, the STH NUPL metric approaching equilibrium could spell trouble for the market, putting the asset at...Read More
TL;DR Binance CEO Changpeng Zhao expects Bitcoin (BTC) to reach new all-time highs after the April 2023 halving but advises against premature FOMO. CZ notes common patterns during BTC halvings, including hype, heightened expectations, and market unpredictability, emphasizing that BTC’s price won’t double overnight but will see adjustments and consolidation. CZ suggests that typically, a...Read More
Despite an overall depressed market and now the specter of another war as tensions escalate in the Middle East, crypto experts and executives remain confident for the future. Many have been sharing their thoughts recently, and the Bitcoin halving narrative seems to be strengthening. There are various counters, but the general consensus is that this...Read More
On Oct. 6, Capriole Fund founder Charles Edwards observed the hodl waves for long-term Bitcoin holders. He noted that the recent massive growth in long-term Bitcoin holders is comparable only with 2016. The jump will have big consequences in 2024, he said adding that this was not seen in the last bull cycle, meaning that...Read More
BitMEX co-founder and macro-analyst Arthur Hayes recently predicted that Bitcoin’s price will soar between $750,000 and $1,000,000 per coin within roughly 3 years. His prediction, which is far more bullish than that of most analysts, rests on a macroeconomic thesis that all financial assets are due for an unprecedented boom. The Biggest Bull Market Ever...Read More