The cryptocurrency market has been experiencing a turbulent period as the bullish momentum of the Bitcoin price seems to be dwindling. A recent flash crash on April 12 caused Bitcoin’s value to drop from $70,000 to below $67,000, casting doubt on the progression of the crypto bull cycle. Amidst this uncertainty, on-chain analytics platform Santiment
Bitcoin
The crypto market recently experienced a sharp decline on April 12, resulting in significant liquidations for traders. Bitcoin, along with major altcoins such as Ethereum and Solana, recorded notable losses in a short period of time. This sudden price dip led to 277,843 traders losing their leverage positions, with total liquidations amounting to a staggering
Bitcoin’s price tends to increase around 6 to 12 months after the Halving event rather than immediately. In the past, significant price gains for Bitcoin occurred approximately one year after the Halving had taken place. After the first Halving on November 28, 2021, Bitcoin witnessed a price surge of over 8,000%. Similarly, the second and
Bitcoin has seen a significant recovery in recent days, now hovering around the $70,000 mark. This has brought a sense of optimism to crypto enthusiasts, especially with the highly anticipated Bitcoin Halving event on the horizon. Rekt Capital, a prominent cryptocurrency analyst, has shared valuable insights into three distinct stages that investors should observe leading
The realm of wealth management is witnessing a significant shift as ultra-wealthy individuals with assets worth millions and billions of dollars are increasingly drawn towards Bitcoin investments. Barbara Goldstein, the Managing Partner at R360, highlighted this new trend in a recent interview with CNBC Last Call. She shed light on the growing appeal of digital
Recently, the price of Bitcoin surged past the $70,000 mark, signaling a bullish trend and hinting at further upward movement. Crypto Jelle, a renowned cryptocurrency expert, has made a bold prediction for the crypto asset, projecting a short-term target of $82,000. According to Jelle, Bitcoin experienced a fakeout, retested the cycle highs of 2021, bounced
Recent analysis from CryptoQuant suggests that the traditional narrative surrounding the Bitcoin halving event may need to be reevaluated. The once highly anticipated halving, which occurs every four years and is expected to reduce the issuance of new Bitcoins by half, may no longer hold the same level of influence over the price of BTC.
Bitcoin has been on a rollercoaster ride lately, with its price surging above $72,000 only to experience a significant decline shortly after. One of the factors contributing to this decline is the impending release of the March Consumer Price Index (CPI) data on April 10. Market experts believe that the report may reveal a rise
Bitcoin, the undisputed king of cryptocurrencies, is once again on a wild ride. After a surge over the weekend that brought it close to shattering its all-time high, the digital asset has dipped back below the crucial $70,000 mark in the last 24 hours. This sudden correction has left investors wondering if the predicted surge
As the cryptocurrency world eagerly anticipates the upcoming halving of Bitcoin, top expert Benjamin Cowen has raised concerns about a potential correction in the price of BTC. Cowen has pointed out a pattern that suggests a significant decline in the crypto asset’s price once the halving event takes place. According to Cowen, if Bitcoin continues
In the world of cryptocurrency, predictions and forecasts are constantly floating around, and Michael Van De Poppe, a well-known cryptocurrency analyst and trader, has recently made a bold prediction regarding Bitcoin. He believes that Bitcoin is likely to hit the $300,000 mark in the current bull cycle. Despite the consolidation in the price of Bitcoin
Bitcoin, the pioneer cryptocurrency, has had a remarkable start to the year 2024, with a whopping 73% increase in the first quarter, reaching an all-time high price of $73,750. Despite a subsequent dip in value, major stakeholders in the Bitcoin market have displayed a consistent trend of accumulation in the first three months of the
Recently, there has been a surge in the accumulation of Bitcoin by short-term holders, with over 1.2 million BTC being accumulated since December 2023. This trend has caught the attention of many investors, especially with the launch of Spot Bitcoin ETFs in the US earlier this year. While whales and long-term holders have traditionally been
Cryptocurrency analyst PlanB recently made a bold statement regarding Bitcoin’s price potential. Despite the current bearish sentiments surrounding the flagship cryptocurrency, PlanB believes that Bitcoin will hit $100,000 this year. In a video on his YouTube channel, he stated that reaching $100,000 is “inevitable” and suggested that it could just be the starting point for
The recent sharp downturn in the price of Bitcoin, which dipped below $67,000, has caused concern among investors. However, crypto analyst Michael van de Poppe has taken a different stance, encouraging the crypto community to view this decline as an opportunity to acquire BTC at a lower price. In a recent post on X (formerly
Recently, Tether, the world’s largest stablecoin issuer, made a significant purchase of Bitcoin, acquiring 8,888 BTC on March 31. This move has stirred up discussions within the crypto community as to why Bitcoin’s price has dipped despite such a bullish development. Tether now holds nearly 75,400 BTC, ranking it among the largest Bitcoin holders globally.
The Bitcoin Halving event is quickly approaching, with just a few more blocks left before miners’ rewards are slashed in half. According to data from Coinwarz, the Halving is expected to occur on April 19 at Block 840,000. This event, programmed into the Bitcoin protocol by Satoshi Nakamoto, takes place approximately every four years or
The cryptocurrency market is eagerly anticipating the upcoming Bitcoin Halving, with many market analysts predicting further upside movements for the flagship crypto, Bitcoin. However, amidst all the attention on Bitcoin, crypto analyst Jason Pizzino has recently made a compelling case for alternative cryptocurrencies like Ethereum (ETH) and Solana (SOL), emphasizing the significance of paying attention
Popular cryptocurrency analyst and enthusiast, Rekt Capital, recently discussed the breakout process of Bitcoin (BTC) from a weekly range. He pointed out that Bitcoin has been stuck within a weekly range named Black-Black, ever since it faced an 18% correction. This range was formed by the candle-bodied peak and the upside-wicking peak from 2021. Rekt
The Bitcoin market has been experiencing a surge in price, hovering around the $70,000 mark, with many investors eagerly anticipating further price increases. A significant factor contributing to this surge is the accumulation of Bitcoin by large whales. Whales are known for holding massive amounts of Bitcoin in their addresses, with the ability to make
The recent surge in the Bitcoin price has sparked a wave of optimism among cryptocurrency investors, drawing parallels to the positive spirit often associated with Holy Week among Christians. This renewed momentum in the market has not only benefited Bitcoin but has also led to significant profits for other major cryptocurrencies in the past week.
Bitcoin investors have seen a profitable week as the cryptocurrency surged by 9.34%, reaching above $71,000 according to data from CoinMarketCap. This upward trend has sparked optimism among market participants, who are eagerly awaiting potential large price gains in the current bull cycle. Bitwise CEO Hunter Horsley has shared insights on the significance of the
The recent outflows from the Grayscale Bitcoin ETF caused a significant stir in the market, resulting in a notable drop in the price of BTC. However, as the new week unfolds, there seems to be a shift in the investor sentiment towards Bitcoin. The outflows from the Grayscale ETF have slowed down, hitting one of
Bitcoin (BTC) has recently shown signs of a potential surge, with the cryptocurrency surpassing the $70,000 mark and forming a bullish technical pattern. Analysts, such as Ali Martinez, have identified a bull flag pattern on Bitcoin’s 4-hour chart, typically signaling a consolidation period after a significant price increase. This phase is essential for market participants
Bitcoin bulls seem to have regained control after a period of bearish sentiment. The latest data shows that the Spot Bitcoin ETFs have recorded a significant amount of inflows, indicating a strong bullish outlook for the flagship cryptocurrency. Farside Investors shared on social media that on March 27, the Spot Bitcoin ETFs saw inflows of
Bitcoin reaching $100,000 remains a highly feasible target, especially given the fact that the price of the cryptocurrency hit a new all-time high above $73,00 ahead of the halving. In preparation of the explosive move that is expected to follow the halving, Bitcoin whales are going all out as they fill up their wallets with
Recent data from crypto analytics firm Glassnode has revealed that the amount of Bitcoin held on Coinbase has dropped to a nine-year low. On March 18, the Bitcoin balance on Coinbase fell to 344,856, signaling a trend of investors moving their holdings off exchanges for long-term storage rather than selling in the near future. This