Bitcoin (BTC) takes the lead in market talks, showing a potential breakout with a tight trading pattern. Despite market uncertainties, the resilient cryptocurrency forms higher highs and lows, signaling a bullish trend. Bitcoin’s daily chart exhibits a rising wedge, a pattern hinting at a potential continuation or reversal after a breakout. The cryptocurrency’s upward movement…
An analyst suggests that Bitcoin could gain $10,000 if it successfully surpasses a significant resistance level before the next major catalyst for Bitcoin enters the market. Crypto analyst and trader Ali Martinez, recognized as @ali_charts on crypto Twitter, has provided insights into the factors hindering Bitcoin, the world’s leading cryptocurrency, from reaching the $50,000 mark….
Willy Woo predicts Bitcoin above $30,000. Matrixport’s Markus Thielen sees BTC surpassing $40,000 as “inevitable.” Dan Held agrees, stating Bitcoin below $40,000 would be brief. Top analysts suggest that Bitcoin might soon hit $40,000 and is unlikely to fall below $30,000 again, based on their reviews. Analysts Anticipate Bitcoin Surge Beyond $40,000 Soon Renowned analyst…
The potential conversion of the Grayscale Bitcoin Trust into an ETF could bring significant market shifts. JPMorgan forecasts a potential $2.7 billion withdrawal from the Grayscale Bitcoin Trust, citing an increased risk of Bitcoin (BTC) prices declining. This article explores the possible effects of Grayscale Bitcoin Trust turning into an ETF, as examined by JPMorgan,…
Renowned crypto expert PlanB, famous for being super positive about Bitcoin, recently shared some good news on X. He thinks that we could be running out of time to snag Bitcoin for less than $40,000. PlanB is all about the long game and believes that Bitcoin is gearing up for a big price jump. His…
Following substantial gains in the crypto market on Wednesday, Bitcoin is once more approaching the $38,000 mark. If it successfully breaks through this level, it could pave the way for a further rise to $48,000. The crypto industry remains a guiding force while concerns grow about the stability of the dollar and the global fiat…
Bitcoin is maintaining proximity to the $38,000 resistance, anticipating the release of the November 1 minutes by the Fed. The current trend suggests ongoing BTC accumulation, with expectations of a pre-halving rally in 2024. Current Market Over View Following Monday’s bullish resurgence, the market has stabilized, with Bitcoin edging closer to the crucial $38,000 resistance…
Rekt Capital predicts that Bitcoin (BTC), the foremost cryptocurrency by market cap, could surge after halting mining rewards in April 2024. This projection is based on historical trends around BTC’s performance before and after mining reward halvings, as noted by the crypto analyst. The analyst suggests an opportunity for assertive traders to capitalize on Bitcoin…
According to Bloomberg, the potential approval of a Spot Bitcoin ETF could lead to a market valuation of $100 billion, drawing significant interest from major financial players. The most awaited event in the cryptocurrency industry is the approval of a Bitcoin ETF. Bloomberg Intelligence suggests that if the Spot Bitcoin ETF gets approval, it could…
Marathon Digital’s Chief Growth Officer emphasizes Bitcoin mining evolution, focusing on sustainability and technology. The company pioneers a project using methane emissions for mining, addressing environmental concerns and enhancing operational efficiency. Marathon Digital, a key player in Bitcoin mining, is reshaping how Bitcoin is mined, says Chief Growth Officer Adam Swick. He highlights three phases…
A model that correctly forecasted Bitcoin’s peak at $60,000 in 2021 is now suggesting an even higher peak around $732,000 per coin. Created by Greg Cipolaro, this adapted Stock-To-Flow (S2F) model has gained notice for its accurate predictions in the past. Back in 2019, the go-to model for forecasting Bitcoin’s future price was Plan B’s…
Joana Cotar of the German Bundestag suggests recognizing Bitcoin as legal tender, aiming to integrate it into mainstream finance while addressing innovation and regulatory considerations. In a significant move for financial innovation, Joana Cotar, a key figure in the German Bundestag, has expressed her desire to incorporate Bitcoin into Germany’s official monetary framework. This groundbreaking…
Bitcoin investors are optimistic, expecting the cryptocurrency to reach the $50,000 mark in the coming month. Even with a small dip after almost touching $38,000 this week, the overall upward trend remains strong. Analyst Rachel Lin, CEO of SynFutures, believes that Bitcoin’s bull rally persists, despite the Securities and Exchange Commission (SEC) postponing the approval…
Bitcoin had a good response after hitting a low for the week yesterday. It quickly shot up by three thousand dollars in just a few hours, getting close to $38,000 once more. Avalanche and Solana are doing really well compared to the rest of the market. They’re experiencing significant price increases once again. Other cryptocurrencies are…
In a recent Yahoo Finance interview, Ark Invest CEO Cathie Wood reaffirmed her ambitious prediction that Bitcoin could reach $600,000 in price. In a recent interview with Yahoo Finance, Cathie Wood shared her projection of Bitcoin’s potential, emphasizing its broader implications for the digital currency market. Wood also discussed Ark Invest’s collaboration with 21Shares on…
Cathie Wood observed that even though Gary Gensler teaches about Bitcoin at the university, it’s surprising that he is unfriendly towards a Bitcoin ETF. Cathie Wood from Ark Invest has shared insights into how the U.S. SEC might decide on the approval of 12 spot Bitcoin ETF applications. She provides interesting details on how the…
Stock and bond markets surged with an unexpected slowdown in inflation, but crypto didn’t join the rally, possibly because excitement waned over the imminent approval of a spot bitcoin ETF. Crypto markets faced a tough day on Tuesday, experiencing one of their worst downturns in weeks, even though there was positive inflation data for October….
In a recent interview, Saylor discussed the company’s strategic emphasis on acquiring and holding Bitcoin, highlighting its performance relative to conventional asset classes. MicroStrategy’s CEO, Michael Saylor, has emphasized the company’s steadfast dedication to Bitcoin, positioning the cryptocurrency as a favorable long-term investment compared to traditional assets. Since the autumn of 2020, MicroStrategy has significantly…
In the past week, Bitcoin whales have executed substantial sell-offs, offloading almost 60,000 BTC. Concurrently, traders are exercising caution as the open interest in the market experiences a decline. This significant movement by whales raises concerns and prompts a vigilant approach among market participants. Following Bitcoin’s surge past the $37,000 mark in its ongoing rally…
On the upcoming Bitcoin ETF launch day, there might be more at play than just a typical “sell the news” reaction, according to Peter Schiff. The prominent Bitcoin skeptic, who is known for favoring gold, expressed concerns about the recent price increase in Bitcoin, predicting a substantial price downturn around the $37,154 mark. Schiff believes…
Bitcoin surged past the Fair Value Layer resistance, hitting $38k on the back of hopeful expectations for a BTC ETF approval. Analysts predict a potential rise beyond $60k, noting minimal resistance until $61,156. Altcoins, such as Solana and Cardano, see gains, gaining momentum as Bitcoin takes a breather. Renowned cryptocurrency analyst and trader CryptoCon has…
Anticipating the upcoming Bitcoin halving, Michael Saylor, co-founder of MicroStrategy and a prominent Bitcoin advocate, suggests that demand for BTC may witness a remarkable tenfold increase by the conclusion of 2024. Speaking at the Australia Crypto Convention on Nov. 10, 2023, Saylor shared his insights on the future of Bitcoin and its ecosystem for the…
Galaxy Digital’s Novogratz: Bitcoin ETF Approval Inevitable, Anticipates Institutional Surge in 2024 Mike Novogratz, founder and CEO of Galaxy Digital, asserts that the approval of Bitcoin spot ETFs is not a question of “if but when,” predicting a surge in institutional adoption in 2024. During the third-quarter earnings call on Nov. 9, Novogratz emphasized the…
In the short term, Bitcoin’s price has experienced a significant upward momentum, surging beyond the temporary resistance level, with its sights set on reaching higher targets as soon as possible. As the year progresses toward its conclusion, experts anticipate an uptick in both trading volume and market volatility, factors that are likely to propel the…
In a Bitcoin (BTC) bull market, several key signals come into play. One of these signals is the halving procedure, a process that reduces miners’ rewards, which has historically led to an increase in the asset’s price. This reduction in supply often spurs upward price movements. Additionally, large investors and “whales” play an active role…
Recent market data presents an intriguing story about Bitcoin: the network recorded a remarkable influx of over 700,000 new BTC addresses within a single day. Glassnode co-founder Yann Allemann sees this as a promising bullish indicator. This surge in network expansion implies an imbalance in market dynamics, where the demand for Bitcoin surpasses the supply…
Over the weekend, over 700,000 new Bitcoin addresses were created, showing that many people are feeling really confident about investing in Bitcoin. Bitcoin (BTC) has maintained a stable price of around $35,000 during the past week, while alternative cryptocurrencies (altcoins) took the lead in a weekend crypto market rally. In the previous week, the United…
Mind Trader’s prediction in an X post, Bitcoin (BTC) has the potential to make a notable climb, ranging between $36,170 and $40,000 in the near future. This bullish movement is expected to materialize as long as Bitcoin maintains a price level above $33,730. Currently, at the time of reporting, BTC was trading at $35,182.38, marking…
Data from on-chain sources reveals that Bitcoin miners took advantage of the price surge from last week to sell more than 2,190 BTC. Let’s explore how this activity might influence Bitcoin’s price in the upcoming week. Bitcoin (BTC) achieved a new high for 2023, reaching $35,800 on Thursday, thanks to strong bullish momentum aiming for…
In a detailed analysis, well-known analyst Michaël van de Poppe has predicted that Bitcoin’s price could reach $50,000. Prominent analyst and crypto expert Michaël van de Poppe has made a prediction about Bitcoin, suggesting that its price could reach $50,000. This forecast comes amidst the recent bullish sentiment in the crypto market, which has resulted…
With the holiday season around the corner and investors getting into the festive spirit, many crypto enthusiasts are wondering: What will Bitcoin’s price be like this Christmas? To find some clues, we’ll explore the future potential of Bitcoin’s price using historical data from CoinMarketCap and a touch of technical analysis as we get closer to…
Rachel Lin, the co-founder of decentralized exchange SynFutures, has suggested that if Bitcoin continues to deliver average returns for November, its price could potentially reach $47,000 by the end of the month. Rachel Lin from SynFutures noted that October, often referred to as ‘Uptober,’ saw Bitcoin’s value rise by nearly 29%. Lin also pointed out…
As the cryptocurrency market experiences substantial price growth, Bitcoin (BTC) miners, blockchain-based companies, and yield farmers are celebrating significant wins. Bitcoin miners have seen their stocks rise by more than 10% as the asset’s price hovers around $35,000, nearing its 17-month high. Bitcoin Miners’ Stocks Surge in a Market Rebound Companies like Marathon Digital Holdings…
In the third quarter, Jack Dorsey’s company Block generated $5.62 billion in revenue, with a significant portion of that coming from its Bitcoin-related operations. Block, the financial technology company led by former Twitter CEO Jack Dorsey, experienced a significant increase in its stock price, jumping over 20% to surpass $52 in after-hours trading on Thursday….
Elon Musk suggested that NFT projects should save the actual image (JPEG) on the blockchain. This idea made Bitcoin enthusiasts happy. Elon Musk, the CEO of Tesla and a billionaire, made fun of non-fungible tokens (NFTs) during a podcast interview on The Joe Rogan Experience. He pointed out that many NFTs are just links to…
Bitcoin is holding steady below a certain price barrier as it anticipates the Federal Open Market Committee (FOMC) meeting. There’s also a chance that it might drop to the $33,000 support level to trigger a movement of funds. The Bitcoin (BTC) price is showing signs of overheating, and there are calls for a slight pullback…
Open interest in Bitcoin options has reached its highest level so far this year, but what’s causing this surge in positive investor sentiment? Bitcoin, represented as BTC, saw a drop in its value to $34,206. However, the options trading volumes for BTC experienced a big increase on October 23 and 24. This surge was the…
The U.S. Securities and Exchange Commission (SEC) might take another look at Grayscale’s request to approve a Bitcoin ETF that deals with actual bitcoins. After a recent decision from a U.S. court, the SEC is possibly getting ready for a significant conversation. They’ve been asked to take another look at Grayscale’s request for approval of…
Even though some people online said there might have been a security problem and private emails leaked, Strike checked and found no proof of a breach. Strike, a payment platform that uses Bitcoin’s Lightning Network, is looking into claims on the internet that it had a security problem. But for now, they haven’t found any…
Bitcoin has taken the spotlight with its soaring valuation, signaling an attempt to break free from recent months of consolidation. This surge has propelled Bitcoin ahead of several players in traditional sectors. According to data from Finbold, Bitcoin’s market capitalization reached $677.23 billion by October 26, surpassing the market caps of selected traditional sector stocks….
As Bitcoin was on the rise, technology stocks were simultaneously declining. All eyes are now on the Federal Reserve’s upcoming decision scheduled for Wednesday. Notably, Santiment, a data analytics firm, has noticed that as cryptocurrency prices surge, traders are showing an increased appetite for risk. Cryptocurrencies on the Rise Amid Bitcoin ETF Optimism Major cryptocurrencies…
ProShares and Grayscale are at the forefront of a surge in Bitcoin investment products, and experts are optimistic that this indicates strong interest in a physically-backed Bitcoin ETF. The price of Bitcoin, with the ticker symbol BTC, has dipped to $34,182. However, institutional investment products are experiencing a significant increase in trading volume. This surge…
Federal Reserve Chair Jerome Powell’s comments about the US economy are essential for predicting how Bitcoin (BTC) prices might change. The results of the U.S. Federal Reserve’s FOMC meeting in late October and early November 2023 might have a small effect on both stock prices and Bitcoin (BTC). However, the real impact on the market…
Gabor Gurbacs, a strategy advisor at VanEck, believes that El Salvador’s economy will grow significantly in the coming years due to new investments and an influx of immigrants. He thinks that El Salvador can become a financial hub in the Americas, similar to Singapore’s status in Asia. Gurbacs shared this perspective in a post on…
The Crypto Fear & Greed Index is hitting levels not seen since the peak of the crypto market in November 2021. Market sentiment, reflecting how people feel about the market, has climbed back to the excitement of that time when Bitcoin reached $69,000. The index now stands at 72 out of 100, putting it in…
Despite a 50% decrease from its peak value of $69,000 against the U.S. dollar, Bitcoin has achieved new all-time highs when measured against some of the world’s most inflation-prone fiat currencies. In a span of 30 hours on October 23 and 24, the price of one Bitcoin reached record levels when denominated in the Argentine…
Recent data from Matrixport predicts that Bitcoin could achieve a price of $45,000 in 2023 and soar to $125,000 by the end of 2024. This forecast comes following a robust post-halving rally that has maintained strong support from Bitcoin bulls. As a result, Bitcoin has been edging closer to the $35,000 mark, which has, in…
Galaxy Digital predicts that the introduction of a spot-based Bitcoin exchange-traded fund (ETF) would draw substantial capital and drive BTC’s price up by 74% during the first year following its launch. This projection coincides with growing expectations that the U.S. securities regulator may approve one or more of the ETF proposals currently under review. Galaxy…
CryptoCon states that Bitcoin is still on course to potentially achieve additional gains of up to 30% compared to its current price levels. According to popular analyst CryptoCon, Bitcoin (BTC), currently priced at $34,456, is poised to reach $45,000 in November, following a traditional Bitcoin price cycle. On October 25, CryptoCon, known for creating Bitcoin…
Bitcoin’s price held firm above the $33,200 support level and is currently on the rise, with potential plans to break through the $35,000 resistance and embark on a new rally. “Bitcoin Bounces Back from Recent Dip, Eyes Higher Resistance Levels” Bitcoin experienced a correction after testing the $35,000 resistance zone. It briefly fell below the…