Bitcoin has experienced a notable surge in the past weeks, breaking through consecutive price resistances and reaching new yearly highs, surpassing $44,000 with a 15% gain in the last 7 days. Beyond the excitement surrounding spot Bitcoin ETFs, on-chain data reveals heightened activity among significant holders. Santiment, an on-chain analytics platform, notes a correlation between…
Analysts are making predictions about the Bitcoin price based on the upward trend observed over the last three days, with BTC reaching a new 18-month high. The Bitcoin price is showing a notable pattern that might boost investor confidence in the upcoming days. Currently, the BTC price has retraced back to the level it held…
Crypto analyst Benjamin Cowen foresees a Bitcoin dip at $48,000, while LunarCrush data notes a surge in Bitcoin’s social dominance. Additionally, Michael Van de Poppe is optimistic about Ethereum, signaling potential for a breakout above $2,150. On Tuesday evening, major cryptocurrencies experienced a notable surge, marking the first significant rally since early April 2022. The…
On December 4th, Bitcoin (BTC) experienced a surprising rise in its age-consumed metric, pointing to a notable increase in coins that were previously inactive now re-entering circulation. This noteworthy change, with a 400% surge within a single day, might suggest that the Bitcoin market could see increased price volatility in the near future. Decoding Cryptocurrency…
Bitcoin breaking the $42,000 barrier signals the start of a possible bull run, with Bloomberg predicting it could go even higher, surpassing $500,000. Some enthusiasts suggest this could reshape the usual way things work on Wall Street. Bloomberg’s recent report is making waves as it talks about the “Bitcoin supercycle,” a surge that’s not only…
Big investment company BlackRock is diving into the world of Bitcoin with a substantial move. They got $100,000, often called “seed capital,” on October 27, 2023, to kickstart a new type of Bitcoin investment known as an exchange-traded fund (ETF). Think of seed capital as the initial boost to kickstart a project. In the case…
Rumors are circulating in the crypto world that Qatar’s Sovereign Wealth Fund is considering a substantial $500 billion investment in Bitcoin. The mere possibility of such a massive influx has stirred excitement and anticipation in the financial community. It all started when Max Keiser, a well-known Bitcoin supporter, tweeted late on Sunday night, suggesting that…
In a recent analysis, well-known analyst Michaël van de Poppe talks about the situation with Bitcoin. He’s saying it’s crucial for Bitcoin to stay stable, and right now, there’s a key support level at $36k-$38k that seems strong. If this support holds, he believes Bitcoin’s price could go up to somewhere between $47k-$50k in December….
Right now, all the cryptocurrencies put together are worth the most they’ve been since May 2022. Back then, things took a downturn in the crypto world after Terra faced some issues, starting what people called the “crypto winter.” Now, it seems like the market is bouncing back and reaching new highs. Just recently, Bitcoin reached…
Bitcoin’s value has surged above $42,000, reaching its highest point in 20 months. This significant increase is attributed to several factors, including the potential approval of a Bitcoin ETF by the SEC, resolution of market controversies, and an upcoming halving event. The combination of these positive developments has contributed to the renewed confidence and enthusiasm…