Bitcoin

Tom Lee Reveals What Will Drive Bitcoin’s Price to $150,000

Speaking with CNBC’s Brian Sullivan on “Last Call,” Lee said, “It’s a generational issue” for Millennials and Gen Z, who are more open to adopting cryptocurrency. Sullivan told the financial analyst and strategist, “I’ve never met an investment instrument that is so polarizing… There’s people who call it fake, it’s a fraud, it’s a joke,...
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Bitcoin Will Likely Reach $250k This Cycle, Says Lead Glassnode Analyst

Bitcoin (BTC) will blow past $250,000 this cycle thanks to years of HODLer conviction slingshotting its price to the moon, according to lead Glassnode analyst James Check. In an interview with What Bitcoin Did on Thursday, the analyst broke down why the Bitcoin market appears far more robust compared to the last time the asset’s...
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Bitcoin Hits ATH, Is Ethereum Next?

The market leader, Bitcoin, had successfully achieved a new ATH with a high of just over $70,000. However, the rally was short-lived as the market experienced significant short-selling in their respective portfolios. Positively, the elite coins have successfully regained momentum over the past few hours, resulting in a bounce back in the chart. At the...
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Will the Newborn Nine Bitcoin ETFs Surpass GBTC in AUM Today?

The nine new spot Bitcoin exchange-traded funds (ETFs) recently approved in the United States are set to overtake the holdings of the Grayscale Bitcoin Trust today. Excluding Grayscale, these ETFs collectively manage assets worth nearly $27 billion, led by IBIT, with an asset under management (AUM) of almost $13 billion, as reported by BitMEX Research....
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Bitcoin (BTC) Price Has Not Peaked Yet, According to This Metric

A bull market is characterized by a phase in which investor demand surpasses the available supply, leading to heightened market confidence and upward price movements. While the ongoing bull market has shown considerable promise, its peak has yet to be reached, according to some on-chain metrics. Bull Market Still in Full Swing Bitcoin is currently...
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Bitcoin Price Prediction: Explosion Above $69K Incoming or a New Correction First?

Bitcoin (BTC), which saw remarkable gains in the last weeks of February, has been hovering above $67K for the past 48 hours. Behind BTC’s recent market rally are spot Bitcoin ETFs, which are netting substantial inflows into their funds. As the market is gripped with bullish sentiment, miners have earned $75.9 million in daily revenue,...
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Will Markets Surge With a $3 Billion Crypto Options Expiry Event?

With the asset tapping an all-time high of over $69,000 this week, will today’s big expiry event push Bitcoin prices higher or initiate a correction? Around 29,000 Bitcoin options contracts will expire on March 8 with a notional value of around $2 billion. This week’s expiry event is slightly less than last week’s, but a...
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Bitcoin Kimchi Premium in South Korea Soars to 2-Year High, Is That Bad News for BTC?

South Korea’s Bitcoin kimchi premium has soared to levels last in 2021 amid Bitcoin’s latest rally that resulted in a new all-time high. Data from CryptoQuant shows that the premium index reached a 27-month high of 10.32% on March 6, indicating surging demand and growing interest in BTC among local investors in the South Korean...
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Bitcoin Supply Distribution Begins But Sustained Bull Market to Continue: Analysis

On March 7, crypto analyst Dylan LeClair posted a lengthy report on the current state of the Bitcoin market. “Supply distribution has started,” he said, highlighting how Bitcoin holders have started to sell as new market entrants emerge, namely exchange-traded funds. However, there was no reason to be concerned because the ETFs are seeing massive...
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New Bitcoin ETFs Hit $10B in Record Trading Volume Day

March 5 was not just the day that Bitcoin made an all-time high in USD; it was also the day that the new spot ETFs hit record trading volumes. The new ten Bitcoin ETFs did $10 billion in trading volume on Tuesday, smashing the previous record set on Feb. 28, reported Bloomberg ETF analyst Eric...
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Bitcoin Sees Record Open Interest in Futures Markets Ahead of BTC’s New ATH: Bitfinex

Open interest (OI) in Bitcoin futures and perpetual pairs on centralized exchanges (CEXs) have surged to a historic high following BTC unwavering rally to levels not seen since November 2021. According to Bitfinex’s latest weekly report, OI for Bitcoin futures and perpetual pairs reached $26 billion, surpassing the previous record of $24 billion set in...
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Bitcoin HODLers Are Finally Starting To Take Profit: Glassnode

Bitcoin (BTC)’s meteoric rise over the past few months has many long-term holders starting to cash out their positions, on-chain data suggests. In a research newsletter published on Tuesday, Glassnode noted that long-term investors have already distributed 480,000 BTC since December 2023, from which time BTC has appreciated 45%. Bitcoin’s Distribution Phase According to lead...
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Dogecoin And Shiba Inu Gain Big As On-Chain Metrics Support Momentum: Here Are The Next SHIB And DOGE Price Levels

With Bitcoin (BTC) setting its sights on a retest of its all-time high (ATH) this week, the meme coin sector, led by Dogecoin (DOGE) and Shiba Inu (SHIB), has seen remarkable increases. These gains are supported by encouraging on-chain metrics indicating strong bullish momentum. Consequently, DOGE and SHIB have experienced significant gains over the past...
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Bitcoin is the Ultmate Bubble: Peter Schiff Resumes Bashing Spree

Euro Pacific Asset Management founder Peter Schiff, a cryptocurrency skeptic, recently warned that Bitcoin is the “ultimate asset bubble” as Bitcoin price soared. Bitcoin price was flying somewhere above $61,500 when Schiff made his warning. At the time of this writing, four days later, BTC is trading above $65K. Peter Schiff Warns of Bitcoin Bubble...
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Bloomberg Expert Says Ethereum ETF Approvals Are Overhyped Next To Bitcoin

Crypto fanatics eager for a market-shattering Ethereum spot ETF launch may be in for an underwhelming surprise, according to Bloomberg ETF analyst Eric Balchunas. While the recent launch of multiple Bitcoin spot ETFs in the United States has proven phenomenally successful, Balchunas claims a follow-up launch for Ethereum would be “small potatoes” compared to the...
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Bitcoin Blasts Past $65K as Market Cap Doubles That of Tesla

Bitcoin prices surged to $65,500 in early trading on Monday, March 4. The move has pushed the asset to its highest price since November 2021 and just 5% away from its all-time high, which also came that month. Moreover, BTC has now gained more than 300% from its cycle low of just below $16,000 in...
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These Indicators Are Signaling a Possible Correction in BTC’s Price: CryptoQuant

Some on-chain indicators are flashing signs that Bitcoin (BTC) may be overheating following its rally to the $64,000 price mark, indicating a significant correction could occur soon. According to a weekly report from market intelligence firm CryptoQuant, the rising traders’ unrealized profit margin and the high cost of opening new long positions in perpetual futures...
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Marathon Digital Reports Revenue Increases of 452%

U.S.-based Bitcoin mining behemoth Marathon Digital has published its quarterly earnings report and has beaten analyst predictions by a good margin. Paradoxically, Marathon’s stock price dipped shortly after the announcement. This is, however, likely a temporary blip. Stunning Financial Results Although Marathon Digital was not necessarily in trouble last year, the crypto winter definitely put...
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Here’s What to Expect in March After Bitcoin’s Rally to $64K: Santiment

Analysts at crypto intelligence platform Santiment said Bitcoin’s remarkable performance in the 29 days of last month gave leap year a new definition, but the market may be in for a different ride in March. According to the Santiment’s monthly report, several on-chain indicators suggest the market is in a bit of a danger zone...
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Bitcoin Set for Correction Before Continuing Upward Trend, Predicts Galaxy Digital CEO

As Bitcoin surges toward its previous all-time high, industry experts are anticipating a correction before the digital asset can continue its upward trajectory. Mike Novogratz, founder of Galaxy Digital, shared his insights with Bloomberg TV, suggesting that while Bitcoin has soared past the $60,000 mark this week, a correction is likely imminent. Bitcoin Enters “Price...
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Citron Advises Investors to Short Coinbase (COIN) Stock

Coinbase has had a great run recently, topped off with a great Q4 2023 roundup in which the platform announced that it had beaten analyst predictions and was well on track to recovery from crypto winter. However, a technical glitch – which was reportedly caused by high traffic – recently struck the exchange, causing the...
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Bitcoin Set for 10 Months Of Face Melting FOMO, Says PlanB

Bitcoin (BTC) is beginning a parabolic bull run of epic proportions that will last throughout the rest of the year, according to popular price analyst PlanB. In a post to X on Friday, the pseudonymous Bitcoin bull published a graph plotting Bitcoin’s “market cycle,” noting that the price has now emerged from this cycle’s “accumulation...
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Craig Wright’s Coincidental Email ‘Spoof’ Amid Bitcoin Identity Trial Raises Questions

The ongoing trial concerning the identity of Bitcoin’s enigmatic creator, Satoshi Nakamoto, took a significant turn today as Craig Wright faced allegations of tampering with crucial evidence. Wright, who asserts himself as Satoshi Nakamoto, has faced skepticism within the community. As the trial goes through the authenticity of critical emails supporting his claim, Wright finds...
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This Is Why Michael Saylor’s Fortune Skyrocketed by $700 Million in Days

Michael Saylor, the co-founder of MicroStrategy, has seen a significant increase in his personal wealth, with an approximate gain of $700 million following a three-day surge in the company’s stock and Bitcoin prices. This comes as MicroStrategy recently increased its Bitcoin holding by 3,000 BTC, taking the total of its holdings to 193,000 BTC. Saylor’s...
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Reversal: Merrill Lynch, Wells Fargo Begin Offering Bitcoin ETFs To Clients

Leading U.S. investment platforms Meryll Lynch and Wells Fargo are now offering clients access to Bitcoin spot ETFs despite initially hesitating on the move. As reported by Bloomberg, the firms are offering the ETFs to certain wealth management clients who specifically request the product, which allows clients to directly invest in BTC through an ETF...
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Experts Predict Imminent Altseason as Bitcoin Holds Above $62K

Altcoins are moving slowly, but Bitcoin is powering ahead as the largest digital asset came just below $64,000 on Feb. 28. It has retreated slightly today, but the 25-month high has taken BTC to within 11% of its peak price of $69,000 in November 2021. The same cannot be said for the majority of the...
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Coinbase Recovering From Outage After Users Report Zero Balances and Millions in Crypto Missing

Major cryptocurrency exchange Coinbase said that the platform was beginning to function normally after experiencing a technical glitch, causing users to see zero balances on their accounts. The issue has been attributed to an increase in traffic after the price of Bitcoin briefly touched around $64,000 before retracing. Zero Balances on Coinbase Earlier on Feb....
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BlackRock Bitcoin ETF Smashes Daily Inflow Record, Ranks 2nd In United States

BlackRock’s Bitcoin (BTC) ETF has cracked a new daily inflow record, helping push Bitcoin’s above $60,000 for the first time since November 2021. The iShares Bitcoin Trust (IBIT) absorbed another $520 million on Tuesday, bringing the fund’s total flows since launch above $6.5 billion. Furthermore, thanks to Bitcoin’s rising price during that period, the value...
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Crypto Investor Greed Soars to November 2021 Highs as Bitcoin Crosses $59K

The Crypto Fear and Greed Index has shown that investors are currently as greedy as they were more than two years ago when Bitcoin (BTC) hit its all-time high of $69,000. According to data on Alternative.me, crypto market sentiment is now as high as 82, representing a period of extreme greed among investors amid BTC’s...
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Bitcoin Supply in Profit Ratio Surges Close to Bull Market Peak Levels

Bitcoin’s supply-in-profit ratio is very high at the moment, as reported by on-chain analytics firm CryptoQuant on Feb. 28. It noted that the current ratio is the same as the ratio recorded at the peak of the “echo bubble in 2019” and the beginning of the bull market in 2020.” Furthermore, it is approaching levels...
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Bitcoin (BTC) $ 98,702.45 4.51%
Ethereum (ETH) $ 3,489.40 2.68%
Tether (USDT) $ 0.999911 0.08%
XRP (XRP) $ 2.31 3.06%
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