Bitcoin, the world’s most popular cryptocurrency, has been in a stagnant phase since mid-January. After the price broke out of an upward channel, it has been moving sideways, hovering around the same price level as on January 13. However, this period of dullness may soon come to an end, as the Bollinger Band Width (BBW)
Bitcoin
Digital asset investment products have attracted significant attention from institutional investors. According to a recent CoinShares report, Bitcoin and Solana emerged as the leaders in institutional inflows. Bitcoin accounted for 99% of all flows into these investment products, with total inflows reaching $703 million. Solana followed at a distance with an inflow of $13 million,
As the flagship cryptocurrency, Bitcoin, continues to trade flat, it appears to be at a crucial turning point. Crypto analyst Eric Krown Crypto offers insights into the key factors that will determine Bitcoin’s next move. By utilizing the Stochastic indicator in a recently posted video on his YouTube channel, Krown examines Bitcoin’s current price and
Bitcoin, the leading cryptocurrency, is currently experiencing a period of consolidation, leaving many investors uncertain about its future direction. Despite the lackluster price action, on-chain data reveals a significant increase in the number of large holders, or whales, adding to their Bitcoin wallets. This accumulation by whales suggests continued confidence in the cryptocurrency, even amidst
Analysts at Coinbase, a prominent cryptocurrency exchange, are optimistic about the future performance of Bitcoin and the overall crypto market in Q2 2024. This positive outlook comes as Bitcoin continues its market recovery, displaying a 3.31% gain in the past week, and surpassing the $43,000 mark. The Coinbase weekly report, released on Friday, highlights the
The introduction of Spot Bitcoin ETFs has created a significant buzz in the cryptocurrency market, and they have certainly lived up to the hype. These funds have played a crucial role in driving institutional adoption of Bitcoin, as revealed by recent analysis. One such analysis conducted by on-chain analytics platform Lookonchain provides insights into the
As the Bitcoin halving event approaches, the cryptocurrency community is filled with anticipation and hopes of witnessing a significant rally in BTC’s price. However, it is crucial to carefully analyze and consider several key factors before the halving takes place. In this article, we will delve into the insights provided by Ali Martinez, a renowned
The recent rally in Bitcoin has sparked optimism among several cryptocurrency analysts, who are now predicting a positive future for the largest crypto asset. One notable analyst, Ali Martinez, recently shared his exciting predictions for Bitcoin on social media. Martinez focused on the Market Value to Realized Value (MVRV) ratio pricing band for BTC, analyzing
The reign of Bitcoin as the dominant NFT platform has come to an end, as Ethereum reclaims its position at the top. NFT sales on the Bitcoin network have plummeted over 60% compared to the record-breaking highs of December. Data from NFT analytics platform CryptoSlam reveals a significant reversal in fortunes, with Bitcoin’s January volume
Cryptocurrency enthusiasts may find relief in the possibility of a bullish February after a bearish start to the year. Analyst Jelle suggests that history may repeat itself, pointing out a pattern where Bitcoin experiences a green month in February following a bearish January and a consistent green trend in the last four months of the
The year 2024 has brought significant turbulence to the world of Bitcoin. From the approval of spot Bitcoin exchange-traded funds (ETFs) by the SEC to a decline in price and selloffs by the Grayscale BTC Trust, the cryptocurrency market has been abuzz with activity. Amidst these developments, on-chain data has revealed an intriguing sentiment of
The recent surge in Bitcoin’s price, surpassing $42,000, has been attributed to various factors, one of which is the release of the personal income expenditures (PCE) price index. This key inflation indicator, reported on January 26, revealed that inflation in the United States was lower than expected. Consequently, experts predict that the Federal Reserve may
The US government recently announced its intention to offload a significant portion of its Bitcoin holdings, causing alarm within the crypto community. This move could potentially add more selling pressure to an already vulnerable crypto market. The Department of Justice (DOJ) revealed its plans to dispose of over $130 million worth of Bitcoin, which were
Despite the Chinese government’s ban on Bitcoin since 2021, Chinese investors have remained resolute in their pursuit of this digital asset. This unwavering interest is highlighted by the recent report from Reuters, which sheds light on the increasing investment flow from Chinese capital into Bitcoin. An Astute Strategy to Evade Regulatory Scrutiny One prime example
In the midst of the current turbulence in the market, the Bitcoin Fear & Greed Index has been witnessing a steep decline. This decline has led to the index hitting its lowest level in over three months, as crypto investors become increasingly fearful and choose to hold onto their investments rather than participate in the
Speculation has resurfaced regarding a potential large-scale Bitcoin buy-in by Saudi Arabia and Qatar, two Middle Eastern countries. According to crypto analyst Justin Verrengia, there are indications that an official announcement may be made in the coming week. Verrengia, the host of the popular crypto channel Crypto News Alert, discussed the rumors sparked by crypto
Cryptocurrency analyst and enthusiast, Chris J Terry, has recently unveiled his insights on the price action of Bitcoin, delivering a pessimistic outlook on the future of the leading cryptocurrency. In a bold move, Terry took to the social media platform X (formerly Twitter) to share his predictions with the cryptocurrency community, anticipating a potential “continuation
The price of Bitcoin has experienced its fair share of ups and downs this week, failing to fully capitalize on its recent advancements. According to data from CoinGecko, BTC has seen a decline of over 3% in the past week, raising concerns about the sustainability of the bull run. However, a recent on-chain revelation offers
In anticipation of the fourth BTC Halving, Rekt Capital, a well-known cryptocurrency analyst, has provided insights into the potential directions that the price of Bitcoin could take. With the recent breach from the macro downtrend, analysts have been actively debating the next move for Bitcoin. Rekt Capital has weighed in on this issue and drawn
Renowned macroeconomist Henrik Zeberg has recently sent shockwaves through the financial world with his bold forecast regarding X (formerly Twitter) and the Bitcoin price. Zeberg predicts a meteoric surge in the value of Bitcoin, projecting it to reach a peak of $115,000 to $150,000. However, this remarkable rise is predicted to be short-lived, as it
The crypto market is buzzing with positivity as Ethereum, the second-largest cryptocurrency by market cap, has witnessed a surge in dominance against Bitcoin. This development has led to a wave of bullish sentiments, with experts hinting at the possibility of an altcoin season on the horizon. According to renowned crypto analyst Ali Martinez, Ethereum recently
Dogecoin (DOGE), the meme coin popularized by Elon Musk, has experienced a significant price correction in recent days. This correction, which has seen DOGE fall over 14% in the past 30 days, can be attributed to the dwindling market sentiment surrounding the hype generated by the approval of Bitcoin Exchange Traded Funds (ETFs), as well
Bitcoin, the pioneering cryptocurrency, has long been a topic of speculation and investment in the financial world. While its volatility has been a subject of concern for some, there are those who have a much more optimistic outlook on Bitcoin’s future. A prominent figure in the crypto trading community, Ash Crypto, predicts that the introduction
In the wake of the recent launch of a Bitcoin ETF, the Ethereum price has been performing well. However, an unsettling development has come to light that threatens to disrupt the price movement. Celsius Network, the now-bankrupt crypto lender, has commenced its reimbursement plan to creditors, as evidenced by the movement of its ETH holdings
Cryptocurrency intelligence firm ChainArgos recently conducted a detailed analysis that sheds light on concerning allegations surrounding the Polygon team’s involvement in secret sales of MATIC tokens, potentially leading to a suppression of the token’s price. By closely examining the token allocations and subsequent flows to various exchanges, ChainArgos uncovered irregularities that raise questions about the
Traders in the crypto realm are eagerly watching Chainlink (LINK) as it consolidates near the $16 mark, signaling a potential breakout towards $17 or even $20 in the coming week. This price coiling behavior between $13.00 and $17.00 since November aligns with classic market cycle patterns that present lucrative opportunities for knowledgeable traders. The current
In the world of digital currencies, Ethereum has recently staged a remarkable coup, outshining its longtime rival Bitcoin. Over the span of just two weeks, Ethereum has surged by an impressive 14%, capturing the attention of investors and enthusiasts. This surge has propelled Ethereum’s price above a key psychological barrier, as it surpassed $2,600 for