Meet Opeyemi, a dedicated writer with a fervent passion for the world of cryptocurrency. Although this industry was not his initial career choice, Opeyemi has found himself completely captivated since delving into the realm two years ago. His enthusiasm shines through as he unravels the complexities of blockchain technology and shares his insights on the
Bitcoin
In the month of June, Bitcoin experienced a disappointing price performance, much to the dismay of many investors. The cryptocurrency dipped below $60,000 at certain points, showcasing a consistent downward trend throughout the month. Zen, a crypto analyst, has highlighted some crucial liquidity pools that may play a significant role in determining Bitcoin’s fate in
Cryptocurrency journalism is a rapidly evolving field that requires a unique skill set and dedication to staying informed on the latest trends and developments in the industry. One individual who exemplifies these qualities is Semilore Faleti, a seasoned writer with a passion for demystifying the world of digital assets and advocating for their adoption. Semilore
Opeyemi is not just an average writer, he is a passionate enthusiast of the cryptocurrency realm. Despite not initially choosing the digital asset industry, he found himself deeply drawn to it over two years ago. Since then, he has dedicated himself to unraveling the complexities of blockchain technology and sharing insights on the latest trends
Bitcoin’s price has recently been rejected at $62,000, sparking conflicting sentiments in the market. While bullish investors remain optimistic, bears are now emerging from the shadows, suggesting that the price may continue to drop. Crypto analyst DonAlt has weighed in on the situation, stating that the worst may be yet to come for Bitcoin. Despite
The recent decline in the price of Bitcoin can be attributed to major sell-offs orchestrated by large governments, such as the German and US governments. These government-led sell-offs have contributed to the downward pressure on the digital asset. For example, the German government sold around 2,786 BTC, amounting to approximately $140 million, while the US
Bitcoin recently faced a significant rejection at the $62,498 resistance level, signaling a prevailing bearish dominance in the market. This failure to break through a critical threshold underscores the strength of selling pressure and raises concerns about potential downward trends. The rejection at this key level has prompted caution among traders and investors, leading to
Bitcoin, the undisputed king of cryptocurrencies, finds itself at a crucial juncture as it navigates through a period of uncertainty. Having witnessed a remarkable surge in the first half of 2024, soaring past the significant $71,000 threshold, the digital asset has now retraced, with its price currently stabilizing around the key support level of $61,000.
The Spot Bitcoin ETFs have been experiencing outflows for seven consecutive days, with an average of $100 million being pulled out daily. This has led to a total of $1.2 billion being withdrawn from the funds so far. The high level of outflows is seen as alarming, especially considering the correlation with the decline in
The recent weeks have seen a significant downturn in the once-sizzling crypto market, with Bitcoin leading the retreat. From reaching a high of $73,000 earlier this year, Bitcoin has now plummeted to new lows, causing a ripple effect across the entire crypto ecosystem. Investors have been spooked by the prolonged price slump, resulting in a
Anthony Scaramucci, the founder of SkyBridge Capital, has made some bold predictions about the future of Bitcoin. He believes that if his preferred presidential candidate, Joe Biden, wins the election, Bitcoin could see new all-time highs. Scaramucci is confident that during a second Biden administration, Bitcoin could reach prices between $170,000 and $250,000. Scaramucci’s support
Bitcoin is currently facing a significant decline in price, edging closer to the critical $60,000 mark. This downward trend is primarily driven by a mix of macroeconomic factors and mounting selling pressure. The prevailing sentiment in the market has turned decidedly bearish, causing anxiety among investors and traders. The $60,000 threshold has become a focal
A recent analysis by a renowned crypto analyst has raised concerns regarding the future price movement of Bitcoin. The analyst, Justin Bennett, pointed out that Bitcoin has recently broken through key support levels, signaling a potential shift from a bullish to a bearish trend. This development has led Bennett to predict a possible price crash
The recent performance of Bitcoin in the past week has not been impressive, causing a ripple effect across the entire cryptocurrency market. Many large-cap assets also experienced significant losses during this period, indicating a general downturn in the market. Unfortunately, it seems that the price of Bitcoin is still not out of the woods, with
Bitcoin is currently experiencing a significant decline, with its value dropping below the $64,000 mark to a low of $63,564. This represents a 2.5% decrease in the last 24 hours and an overall 12% decline over the past two weeks. Despite the downward trend in Bitcoin’s price, Arthur Hayes, the co-founder of BitMEX, maintains a
The recent Bitcoin price crash below $66,000 has sent shockwaves through the cryptocurrency market, resulting in over $90 million in liquidations within a 24-hour period. Despite the significant drop in price, analysts are warning that the worst may not be over yet. Crypto analyst Ali Martinez has expressed concerns that Bitcoin could potentially see another
The Founder and Chief Investment Officer of Ikigai Asset Management, Travis Kling, recently shared his insights on the state of Bitcoin and the broader cryptocurrency ecosystem. He mentioned that Bitcoin is around 10% off its all-time highs and expressed concerns about potential cannibalism in the market. Despite the NASDAQ performing well and setting new highs,
Growing up in Edo State, Nigeria, surrounded by my three siblings, I have always been guided by the wisdom and support of my parents. Their unwavering love and encouragement have been the foundation of my journey, shaping me into the person I am today. It was three years ago when I first delved into the
The current state of the cryptocurrency market is characterized by significant turbulence, leading to a notable shift in investor behavior towards Bitcoin. Traditionally considered the safest asset in the digital currency ecosystem, Bitcoin’s dominance has soared to a nine-week high of 57%. Amidst the chaos in the market, Bitcoin stands out as a beacon of
Recent data from CoinShares reveals that crypto funds experienced significant outflows last week, marking a stark contrast to the five consecutive weeks of inflows that preceded it. The net outflows totaling $600 million were primarily concentrated in Bitcoin and Solana funds, with Bitcoin alone seeing $621 million in exits. These outflows coincide with a decline
Bitcoin has been facing a downward trend in recent days, causing concern among investors. However, some analysts are starting to see faint bullish signals that could hint at a potential market reversal. One such indicator is the Bitcoin Taker Buy Sell Ratio, which tracks the balance between buy and sell orders on exchanges. While the
Bitcoin has been facing a rough week, with a 4.65% decline in its market price over the past seven days. Crypto analyst Ali Martinez has issued a warning that Bitcoin could be headed for further losses if it fails to break above the $66,254 mark. Based on the UTXO Realized Price Distribution (URPD) chart from
Bitcoin has experienced a significant amount of selling pressure in the past week, leading to a decline in its value. According to data from CoinGecko, the premier cryptocurrency has dropped by nearly 5% over the past seven days, reaching its lowest level in almost a month on June 14th. A recent post by crypto analyst
Cryptocurrency analyst TechDev has recently provided valuable insights into the future trajectory of Bitcoin. According to TechDev, Bitcoin has not yet reached its full potential in the current market cycle, suggesting that more price surges are on the horizon for the leading cryptocurrency. TechDev highlighted in a recent post on social media that Bitcoin blowoff
The Bitcoin market is currently witnessing a shift in investor behavior, with a noticeable increase in short-term traders looking to capitalize on quick profits. These new players are gravitating towards spot Bitcoin ETFs, which offer an easy way to mirror Bitcoin’s price and participate in the market. According to the Bitfinex Alpha report, the number
Crypto analyst Dave the Wave has recently shared a bullish narrative for Bitcoin, despite the recent setback in its price. According to his analysis, he believes that Bitcoin has the potential to rise as high as $300,000 based on his logarithmic growth channel (LGC) indicator. This unprecedented price level is expected to be reached by
Many analysts in the crypto space have shared their opinions on the future trajectory of Bitcoin, with some foreseeing a significant rise in its value. One such analyst, CrediBULL Crypto, took to X (formerly Twitter) to predict that Bitcoin would climb to $100,000 in its next leg up. He emphasized that this upward trend is