Bitcoin surged past the $61,000 mark on Wednesday and even briefly tapped $64,000, marking a significant milestone not witnessed in over two years. Over the past month alone, the leading crypto asset has recorded gains exceeding 45%, propelling the total market value above $2 trillion for the first time across the same period. Driving this...Read More
Major cryptocurrency exchange Coinbase said that the platform was beginning to function normally after experiencing a technical glitch, causing users to see zero balances on their accounts. The issue has been attributed to an increase in traffic after the price of Bitcoin briefly touched around $64,000 before retracing. Zero Balances on Coinbase Earlier on Feb....Read More
The Crypto Fear and Greed Index has shown that investors are currently as greedy as they were more than two years ago when Bitcoin (BTC) hit its all-time high of $69,000. According to data on Alternative.me, crypto market sentiment is now as high as 82, representing a period of extreme greed among investors amid BTC’s...Read More
Bitcoin’s supply-in-profit ratio is very high at the moment, as reported by on-chain analytics firm CryptoQuant on Feb. 28. It noted that the current ratio is the same as the ratio recorded at the peak of the “echo bubble in 2019” and the beginning of the bull market in 2020.” Furthermore, it is approaching levels...Read More
Popular trader Peter Brandt has adjusted his forecast for Bitcoin’s peak in the ongoing bull market. The commodity and foreign exchange trader for over thirty years now has predicted that the leading crypto asset will hit $200,000, a significant increase from the earlier projection of $120,000. Brandt anticipates that the ongoing bullish cycle is poised...Read More
Bitwise research analyst Ryan Rasmussen projects a 50% probability of spot Ethereum ETFs receiving approval from the U.S. Securities and Exchange Commission (SEC) in May. Furthermore, he anticipates Bitcoin reaching $88,000 by the conclusion of 2024. Ethereum ETF Approval Hangs in the Balance In a recent interview on Yahoo Finance, Rasmussen emphasized that ETFs are...Read More
The cryptocurrency market is heating up. Many charts are going verticle as Bitcoin’s price topped $57K for the first time in years. As CryptoPotato reported, Bitcoin has been sidelined for a while, but the cryptocurrency exploded by more than 9% in the past 24 hours alone, bringing most of the market with it. This has called for...Read More
Bitcoin (BTC) has surged above $56K, an all-time high achieved almost three years ago on February 20, 2021. The last time BTC was at these levels was in November of the same year. Monday 26th has been one of the most intense days for the crypto industry, with the two leading assets, BTC and ETH,...Read More
Recent analysis from on-chain intelligence platform CryptoQuant has found that large entities’ total bitcoin (BTC) holdings have grown to a level last seen in July 2022 due to their unwavering accumulation of the digital asset. According to CryptoQuant’s weekly crypto report, the BTC holdings of these entities have grown significantly from 3.694 million in December...Read More
Bitcoin might seem to have encountered a hurdle after reaching $52,000, but the recent downturn is expected to be short-lived. Matrixport’s latest report suggests that Bitcoin’s target of reaching $63,000 by March 2024 remains feasible. Catalysts supporting this projection include the approval of a Bitcoin spot ETF, the upcoming Bitcoin halving, expectations of an interest...Read More
The price of Bitcoin seems to be losing correlation with ETF inflows and outflows, which is why BTC has remained on the sidelines for the past few days despite institutional adoption gaining momentum. This has become a focal point for investors and analysts. A popular analyst who goes by Titan of Crypto on X recently...Read More
Over the past three weeks, around 700,000 BTC have been transferred to over-the-counter (OTC) desks that are commonly used by miners, according to CryptoQuant CEO Ki Young Ju. Notably, activity has been observed following the approval of a spot Bitcoin exchange-traded fund (ETF). 700,000 BTC Flow to OTC Desks The movement of such a significant...Read More
Speaking on CNBC’s Squawk Box on Feb. 21, the American entrepreneur said he thinks Bitcoin prices will reach $150,000 this year. Lee cited three reasons for his bold price prediction, which would involve the asset moving 190% higher than current levels. “You have demand improving with the new ETFs, you have supply shrinking with the...Read More
It has been more than two years since the popular Laser-eye movements took over Crypto Twitter (X) when numerous Bitcoin proponents believed the asset will inevitably hit $100,000 after it had surged past $50,000 and $60,000. However, as everyone who has followed even remotely the industry knows, that didn’t happen. Just the opposite, the landscape...Read More
Bitcoin (BTC) recently soared past the $50,000 mark for the first time since December 2021 and has remained on the rise, currently trading above $51,900. Analysts from on-chain intelligence platform CryptoQuant have attributed the asset’s rise to high demand from the recently approved spot Bitcoin exchange-traded funds (ETFs). According to CryptoQuant’s latest weekly report, an...Read More
In spite of the fact that Coinbase has always been one of the most well-known trading platforms, business within the past few years hasn’t been much easier for them than lesser-known exchanges. Between crypto winter, an ongoing lawsuit, the need for personnel reductions, and the other expenses of running a business, Coinbase has suffered business...Read More
Bitcoin’s (BTC) uptick by more than 15% this week has caused the asset to hit new all-time highs (ATHs) against several depreciating fiat currencies. With the leading cryptocurrency recording new highs against the Argentine peso (ARS), the Japanese yen (JPY), the Turkish lira (TRY), and the Nigerian naira (NGN), anticipation is rising about when it...Read More
As the crypto market revels in Bitcoin’s (BTC) latest ascent to the $52,000 price level, an analyst has found two on-chain paths that would lead the digital asset to $150,000 within the next six months. According to a CryptoQuant quick take by Onchain Edge, analysis of on-chain data showed two scenarios that would likely see...Read More
With a total of 190,000 Bitcoins, MicroStrategy’s investment in BTC has surpassed $10 billion. The milestone came after BTC broke above $50k, underpinning the company’s strong belief in the asset’s long-term value and its role as a hedge against inflation. Since entering the bitcoin market in August 2020, MicroStrategy now holds over 190,000 BTCs worth...Read More
Inflows from the new spot Bitcoin exchange-traded funds (ETFs) are the major reason BTC has experienced a significant uptick, surpassing the $50,000 level and exceeding $52,000. According to a tweet by Marc van der Chijs, Bitcoin investor and founder of several crypto firms, including miner Hut 8, ETF issuers are buying more than 10-12x the...Read More
Bitcoin climbed by nearly 20% this week, surpassing the $1 trillion market cap for the first time since November 2021, owing to the continued inflows to the newly launched spot ETFs earlier this year. Following this milestone, BTC hit an all-time high against a few depreciating fiat currencies, including the Japanese Yen. In fact, Bitcoin...Read More
The cryptocurrency industry has experienced a considerable uptick since the beginning of 2024 as the broader market capitalization exceeds $2 trillion for the first time in a long while. Many analysts and industry experts are calling for even better times ahead, pinpointing that the upcoming Bitcoin halving in April has historically been a precursor to...Read More
Bitcoin’s meteoric rise continues as its total market value surpasses $1 trillion, fueled by a surge in price to over $51,000 on February 14th. This increase follows rising interest from not just individual but also institutional investors, propelling Bitcoin to sustainable price appreciation despite significant challenges. Despite the latest milestone, data suggests an ongoing battle...Read More
Bitcoin’s price continues increasing and is currently trading at around $51,500. This marks a massive surge of over 3% in the past hour and some 20% in the past week. The move comes after the price went into massive volatility yesterday, tumbling toward $48K and leaving more than $200 million worth of liquidated positions. While...Read More
Long-term Bitcoin investors have seen their patience and conviction rewarded thanks to the crypto asset’s rally to multi-year highs above $50k. According to the latest data from Glassnode, although Bitcoin prices are still 28% below their all-time high, the number of BTC held at a loss is decreasing rapidly, with only 13% falling into this...Read More
Bitcoin surged above $50,000 for the first time since December 2021, which is more than two years ago. The crypto asset broke multiple resistance levels along the way. However, sustaining this psychologically significant threshold proved challenging, as Bitcoin retraced to the $49,800 mark on Tuesday. There’s a crucial resistance level at play that could induce...Read More
Still far short of its 2021 peak of almost $69,000, Bitcoin has been steadily climbing higher despite the ETF-induced correction. This week, it surpassed $48,000 and $49,000, a level not seen in nearly two years, with the $50,000 target now in focus. However, data suggest that there’s a crucial hurdle that Bitcoin needs to overcome...Read More
On Feb. 12, Mechanism Capital partner Andrew Kang predicted that long-term Bitcoin demand flows this year would be between $40 billion and $130 billion. There is a huge amount of global wealth and income that could potentially flow into crypto, he said, stating that the global aggregate income is around $52 trillion. Current crypto ownership...Read More
Bitcoin’s price is poised for an upcoming rally this year, and the best scenario can take the asset to above $100,000 for the first time ever, said the CEO of CryptoQuant – Ki Young Ju. To do so, though, certain developments have to transpire, which are mostly related to the recently approved spot Bitcoin ETFs...Read More
On-chain analysis by market intelligence platform CryptoQuant has found that selling pressure from Bitcoin miners has eased and remained low despite a significant decline in transaction fees. According to the firm’s latest weekly report, Bitcoin sold daily by miners currently sits around 300 BTC, significantly down from the companies’ 800 BTC daily sales in November...Read More
