Institutional investors are making a significant impact on the Bitcoin market as they double down on their investments in the flagship cryptocurrency. With investment funds related to Bitcoin experiencing massive inflows, there is a clear bullish sentiment among these investors. The recent influx of $942 million into Bitcoin investment products indicates a growing confidence in
Bitcoin
Bitcoin’s price movements are often influenced by various technical indicators and patterns. One such indicator that has recently turned bullish is the Stablecoin Supply Ratio (SSR) Oscillator. This unique tool compares the supply of stablecoins to Bitcoin and helps traders identify potential buying or selling opportunities. When the SSR oscillator breaks below the lower Bollinger
The recent surge in Bitcoin price, reaching above $67,000, can be attributed to various factors, one of which is the increase in the supply of the stablecoin USDT. According to a report by LookonChain, the Tether Treasury has minted an additional 1 billion USDT, indicating a rising demand for the stablecoin. With USDT being the
The recent surge in the cryptocurrency market, particularly with Bitcoin’s price soaring from $61,000 to above $67,000, has left many investors wondering about the driving forces behind this significant rally. One key factor highlighted by popular blockchain analytics firm CryptoQuant is the decreased selling pressure in the BTC market. Short-term holders are reportedly selling at
In the volatile world of cryptocurrency markets, understanding the factors that influence price action is crucial for both analysts and investors. Recently, cryptocurrency expert Ali Martinez has delved into the fluctuations in Bitcoin’s price by applying the basic economic theory of supply and demand. It is widely recognized that the price of any asset, including
Recently, crypto analyst Crypto Jebb pointed out an inverse heads and shoulders pattern on the Bitcoin chart. According to him, this bullish pattern suggests that Bitcoin might be gearing up for another rally, potentially pushing its price up to $100,000. Jebb mentioned in a video on his YouTube channel that this pattern, which he had
Bitcoin recently surged past $66,000, marking a significant milestone since April. One of the key factors believed to be driving this recent price rally is the release of inflation data. The Consumer Price Index (CPI) inflation data, announced on May 15, came in lower than expected, with a rise of 0.3% in April. This lower-than-expected
The recent surge of Bitcoin to over $73,000 in 2024 has caught many by surprise, but not crypto analyst BitQuant. Back in 2023, BitQuant correctly predicted that Bitcoin would reach a new all-time high before the fourth halving. Now, the analyst has unveiled a new prediction, setting a target of $95,000 for the cryptocurrency. Unlike
In a recent interview with wealth experts on Yahoo Finance, Ric Edelman, founder of the Digital Assets Council of Financial Professionals and an experienced asset manager, shared his bold prediction for Bitcoin’s future price. According to Edelman, Bitcoin has the potential to reach an astonishing price of $420,000. This remarkable forecast is attributed to a
In the midst of recent market turbulence, cryptocurrency analyst Titan of Crypto has pinpointed the $61,500 price level as a critical threshold for Bitcoin. This level has been identified as a pivotal point that could potentially determine the cryptocurrency’s future price trajectory. Despite experiencing a sharp decline to nearly $61,500, Titan of Crypto considers this
Despite recent market turbulence and uncertainty surrounding Bitcoin, cryptocurrency analyst Crypto Jelle remains optimistic about the future of the leading digital asset. Jelle’s analysis highlights Bitcoin’s current consolidation phase and the significance of this level in the market. While some may have expected a more significant price movement after the recent Bitcoin Halving event, Bitcoin
Crypto analyst Ali Martinez has laid out a roadmap for Bitcoin to reach $76,000, emphasizing the importance of reclaiming $64,290 as a support level. Martinez warns that failure to do so could lead to a significant drop in the flagship cryptocurrency, potentially back to the levels seen at the beginning of the year. Based on
Bitcoin, the world’s most popular cryptocurrency, has been on a downward trend since hitting its all-time high in March. This decline has sparked a ‘buy-the-dip’ sentiment among crypto traders who believe that the correction is temporary and that Bitcoin will soon bounce back to new highs. However, according to crypto analytics platform Santiment, this sentiment
The recent price action of Bitcoin has left many investors concerned as the premier cryptocurrency continues to move within a consolidation range. Not only has the price cooled off since hitting a new all-time high in mid-March, but on-chain activity on the Bitcoin network has also slowed down over the past few months. Data analytics
In a surprising turn of events, two of the largest banks in the United States, JP Morgan and Wells Fargo, have announced their investments into Spot Bitcoin ETFs, showcasing a newfound exposure to BTC, the world’s largest cryptocurrency. This move comes amidst a prolonged downturn in the crypto market, with BTC’s price hovering slightly above
Bitcoin faced a 3.06% price decrease on Friday, dropping to $60,372.36, as per CoinMarketCap data. However, a trading analyst known as Titan of Crypto seems undeterred by this dip. Titan of Crypto believes that Bitcoin is currently in a consolidation phase and is poised for a post-halving price surge. One key indicator that Titan of
Former President Donald Trump’s recent endorsement of Bitcoin and cryptocurrencies marks a significant departure from his previous skepticism towards digital assets. In a video that has been widely shared among crypto enthusiasts and investors, Trump’s newfound support has raised questions about how this could impact the cryptocurrency market as the US election approaches in November.
Bitcoin price movements have long been influenced by the actions of large investors known as whales. These whales, who hold significant amounts of Bitcoin, have been key players in driving up the price of the cryptocurrency. However, recent data from IntoTheBlock indicates a decline in whale accumulation volumes. This decline is particularly alarming given that
The recent lackluster performance of Bitcoin has not gone unnoticed by institutional investors. Data shows that institutional investors have been feeling bearish about the flagship cryptocurrency, leading to significant outflows from Bitcoin investment products. CoinShares reported that Bitcoin investment funds experienced a massive outflow of $284 million last week. The majority of these outflows were
Bitcoin (BTC) has recently had a slowdown in price after bouncing back above the $60,000 mark. This lackluster movement is believed to be a result of decreased demand for Spot Bitcoin ETFs. While these ETFs initially saw billions of dollars in net inflows in the first quarter after launch, the demand has since declined. Research
Cryptocurrency analyst and trader Rekt Capital has recently brought attention to an intriguing discovery regarding Bitcoin’s price trend. His analysis suggests that the current price action of Bitcoin is closely mirroring historical patterns from a bull cycle that occurred eight years ago. According to Rekt Capital, the resemblance of Bitcoin’s current price trend to that
10x Research, a crypto research platform, recently highlighted that the Bitcoin Relative Strength has surged to 40%. According to their analysis, Bitcoin has historically shown potential rallies whenever its relative strength index (RSI) drops to 40%. This indicates that there is a possibility of BTC rallying again following its recent decline. The research platform, in
The recent surge in the Bitcoin price above $60,000 has sparked a shift in investors’ position and sentiment, according to on-chain analytics site Santiment. Traders on the Binance platform are transitioning from liquidated shorts to long positions following the price increase. While this shift may indicate renewed optimism in the cryptocurrency market, Santiment has issued
The recent drop in the price of Bitcoin below the $59,000 support level has caused quite a stir in the cryptocurrency market. With liquidations occurring in the futures markets, there is growing concern about the possibility of a more significant decline looming on the horizon. Following the price drop, CryptoQuant, a cryptocurrency analysis platform, reported
The recent 20% decline in the Bitcoin price has sent shockwaves through the cryptocurrency market, exposing critical support levels that must be monitored closely. Analyst Norok has highlighted $51,800 as the pivotal support level that Bitcoin must not fall below in order to maintain its bullish trend. This level, last seen in December 2023, signifies
Bitcoin has recently broken below the $60,000 support level for the first time in two months, signaling a potential shift in market sentiment. The digital asset, which experienced a surge in value following the launch of Spot Bitcoin ETFs in the US, is now facing a period of consolidation. A report from Glassnode suggests that
Crypto analyst Ali Martinez has shed some light on why the $59,800 price level is crucial for determining Bitcoin’s future trajectory. According to Martinez, if Bitcoin were to drop to this price level, historically it has often bounced off this point during an uptrend. This could potentially lead to a massive pump in the flagship