Optimistic sentiment, institutional interest, and historical uptrends tied to Bitcoin’s halving event fuel the anticipation of surpassing its $69,000 all-time high in March. The soaring trading volumes of Bitcoin ETFs,…
Browsing: Bitcoin price analysis
Bitcoin’s attempt to breach the critical $53,000 mark faced strong resistance, indicating a phase of consolidation before any significant breakthrough. Glassnode data reveals a diminishing supply of Bitcoin held at…
Bloomberg ETF strategist Eric Balchunas predicts that Vanguard may eventually enter the Bitcoin ETF space despite its current reluctance. Despite Vanguard’s cautious approach to the cryptocurrency market, the firm continues…
PlanB compares Bitcoin to making an audacious prediction regarding Bitcoin’s future value, estimating it to reach as high as $600,000 by 2025. Bitcoin futures on Centralized Exchanges (CEX) have surged…
Bitcoin ETF inflows have surged past $600 million, with BlackRock’s IBIT emerging as the leader in single-day inflows, attracting $493 million. Following a slight downturn prompted by higher-than-expected CPI inflation…
Founders Fund made a re-entry into Bitcoin last summer 2023 when the BTC price was under $30,000. These purchases suggest heightened institutional interest in Bitcoin once again. The spot Bitcoin…
Bitcoin ETF funds now hold over 192,000 BTC, surpassing the holdings of MicroStrategy. BlackRock and Fidelity dominate inflows. The Bitcoin price rallied to a one-month high, propelled by steady inflows…
Bitcoin’s annualized volatility dropped to 45% in January 2024, the lowest since 2012, attributed to its integration into traditional finance through spot ETF approval. This shift, while less appealing to…
Tether’s extensive minting activity, has contributed to the recent surge in Bitcoin price moving all the way to $43,500. Fidelity’s spot Bitcoin ETF, FBTC, attracted $208 million in daily inflows,…
The upcoming Bitcoin halving in April 2024, reducing block rewards from 6.25 to 3.125 BTC, is expected to impact miner profitability. Anthony Scaramucci of SkyBridge Capital forecasts a surge to…
Analyst Chris J Terry attributes the trend to the ongoing liquidation of Grayscale Bitcoin Trust (GBTC), anticipating around $25 billion in selling activity. BitMEX CEO Arthur Hayes adopts a cautious…
Bitcoin miners offloaded approximately 10,600 Bitcoins (BTC) in the last 24 hours, valued at around $455.8 million. Brokerage firm Bernstein suggests that the recent downturn in Bitcoin mining stocks presents…
Despite initial optimism following the approval of Bitcoin ETFs, the crypto experienced an unexpected decline, dropping over 7% from $49,000 to an intraday low of $45,644. In contrast to the…
Bloomberg predicts a record-breaking first-day influx of $4 billion in assets, with $2 billion expected to be attributed to BlackRock’s Bitcoin ETF. The bold prediction reflects strong investor interest, further…
Bitcoin ETFs offer institutional investors a vehicle to trade Bitcoin proxies with low management fees, enabling more active engagement in arbitrage strategies and options hedging. The report from Goldman Sachs…
Bitwise has declared its intention to donate 10% of profits from Bitwise Bitcoin ETFs to support the ongoing development of the Bitcoin network. Bitcoin experienced a modest ascent to $47,000…
Reggie Browne raises the possibility of Bitcoin spot ETFs trading at a premium due to U.S. institutions managing cryptocurrencies under current regulatory frameworks. Browne anticipates that in-kind creations and redemptions…
Bitcoin is expected to make one big jump after the halving event, then record a multi-year bearish run that could push “junk” assets out of the market. According to the…
Bitcoin faced a significant leverage reduction, marking its most substantial daily drawdown since mid-August. Whales transferring significant amounts of Bitcoin to exchanges, with Binance and Coinbase receiving substantial inflows, raise…
Despite recent Bitcoin price correction, technical indicators and on-chain data indicate BTC’s resilience as bulls strive to reclaim levels above $44,000. However, support at $40,000 remains crucial, and on-chain data…