The week started on a strong note, with Bitcoin rising above $66,000, a 3.02% increase over the past day owing to Hong Kong’s ETF development. With spot cryptocurrency ETFs being all the roar, Hong Kong has joined the trend by granting approval for several spot Bitcoin and Ethereum ETFs on Monday. Hong Kong Welcomes Spot...Read More
The cryptocurrency market saw a massive correction in the past two days, starting with a red Friday and followed by a Saturday massacre. While the reasons are still debated, even though they seem to be external and not related to the industry itself, the fact is that the total market cap shed over $400 billion...Read More
Bitcoin Stock-to-Flow (S2F) model creator and analyst PlanB has identified a level which he believes Bitcoin (BTC) will never go below again. According to a tweet by the controversial analyst, BTC is “highly unlikely” to ever move below $33,000, which is also its 200-week moving average. This prediction applies to post-halving slumps and subsequent bear...Read More
Liquidations are mounting up as total market capitalization crashed more than 6% over the past few hours. This has resulted in around $200 billion exiting the space as it fell to around $2.5 trillion, according to CoinMarketCap. CoinGecko reports a slightly different figure, with the total cap dropping to around $2.6 trillion at the time...Read More
Tether, the world’s largest stablecoin issuer, bought another 8,889 BTC. The latest purchase is valued at around $627 million, bringing its Bitcoin holdings to 75.354K BTC. Overall, the company now has $5.26 billion worth of Bitcoin reserves, according to the data compiled by Arkham Intelligence. Bitcoin Holdings Tether first bought Bitcoin in September 2022. Later...Read More
Bitcoin surged by more than 4.5% to above $70,000 on Monday, regaining lost ground after reaching an all-time high of $74,000 earlier this month. Until Thursday of last week, Bitcoin traded below $65,000 following a multi-day period of unusually small inflows to Bitcoin ETF products, coupled with monstrous outflows from the Grayscale Bitcoin Trust (GBTC)....Read More
On March 21, there was a net outflow of $94 million from the ten newly launched spot Bitcoin ETFs. Although the figure is lower than the previous three days, it represents another day when funds have been pulled out of the institutional investment products. Fund outflows for March 18th, 19th, and 20th totaled $154 million,...Read More
British multinational bank Standard Chartered has increased its prediction for Bitcoin’s price by 50%, forecasting that the leading digital asset will be worth $150,000 by the end of 2024. According to a CoinDesk report, the bank expects BTC to hit a record high of $250,000 by 2025 before rounding off the bull cycle around $200,000....Read More
“It’s officially Fed week, the week we’ve all been waiting for,” exclaimed macroeconomics outlet The Kobeissi Letter on March 17. The US Central Bank will make its highly anticipated announcement on March 20, which will set the tone for the US’s economic outlook going forward. Key Events This Week: 1. Housing Starts data – Tuesday...Read More
2022-2023 was an excellent period for naysayers who crushed, denounced, lambasted, and even proclaimed Bitcoin (BTC) is “dead.” A “dark age” where there appeared to be little hope that the primary cryptocurrency would once again rise or even exceed its previous peaks. However, BTC always seems to have the final word (at least, it has...Read More
This bull run is cyclical in nature, and these seven signals suggest it is just getting started. Just three weeks ago, on Feb. 12, Bitcoin’s price crossed the $50,000 threshold. Fundstrat Global Advisors Head of Digital Strategy Sean Farrell said, “This rally in the near term certainly has some room to run.” He was right! The...Read More
In a recent interview with Bloomberg Television’s Katie Greifeld, Saylor said, “I’m going to be buying the top forever. Bitcoin is the exit strategy. It is the strongest asset.” As Bitcoin’s price soared around the $65K mark and near its previous record high, it may pull back some to correct. But most analysts like Galaxy...Read More
Euro Pacific Asset Management founder Peter Schiff, a cryptocurrency skeptic, recently warned that Bitcoin is the “ultimate asset bubble” as Bitcoin price soared. Bitcoin price was flying somewhere above $61,500 when Schiff made his warning. At the time of this writing, four days later, BTC is trading above $65K. Peter Schiff Warns of Bitcoin Bubble...Read More
MicroStrategy, the leading corporate holder of Bitcoin (BTC), has announced plans to raise $600 million through senior convertible notes to expand its Bitcoin reserves further, as confirmed by its founder and chairman, Michael Saylor. On March 4, Saylor announced that MicroStrategy is seeking to raise over $600 million through senior convertible notes, a type of...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 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’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
Tron Founder Justin Sun revealed the protocol’s ambitious Bitcoin Layer 2 roadmap that will facilitate the injection of funds into the BTC network while boosting scalability, speed, and security. TRON is also looking to integrate tokens on the network with the Bitcoin blockchain, which will ensure seamless interactions and interoperability between TRON and Bitcoin. A...Read More
Since the introduction of spot Bitcoin ETFs earlier this year, GBTC has experienced substantial outflows, resulting in its AUM (Assets Under Management) decreasing to $23.7 billion as of Thursday. While Grayscale has maintained its leading position among its competitors, its market share appears to be dwindling. Receding GBTC Outflows Between January 11-21, the Grayscale 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 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
Many industry experts have given their two cents on the future of the crypto market in the next 12 months, and most of them lean bullish. The most common reason is Bitcoin. In April 2024, the cryptocurrency will go through its pre-programmed halving, which will slash block rewards in half. This means that the supply...Read More
Popular trader and technical analyst CryptoCon shed light on Bitcoin’s historical patterns in a new analysis published on X, stating that BTC could retest $31.300 this year. Yet, the emergence of ETF inflows could counter further contraction. According to CryptoCon, there hasn’t been a single Bitcoin cycle that has “escaped a retest of the 150%...Read More
Bitcoin price may still be correcting as many predicted it would after the SEC approved several Bitcoin ETFs on Jan. 10. But the halving this year will exert its own influence over crypto exchange rates. After crashing 15% from the Jan. 10 price to on Jan. 22, Bitcoin (BTC) retraced to support above $42,500 for the...Read More
Bitcoin experienced predominantly sideways trading throughout January. The primary cryptocurrency briefly dipped to a low of $38,500, its lowest in two months, before rebounding to surpass $43,000. However, the latest data indicates the emergence of a potential uptrend in prices upon gauging the long-term holders’ movement patterns. Short-term Bitcoin holders may have capitalized on gains...Read More
Bitcoin hash rate continues to chart astounding record highs just weeks before the fourth halving. Meanwhile, critics worry Bitcoin mining could be hazardous to the environment. That hasn’t stopped the price from soaring to a multi-year record high of $46,670, 67% of its historical all-time high price of $69,000 in November 2021. However, according to...Read More
China’s economy grew 5.2% in 2023, but its stock market took a 10% tumble for the year. Meanwhile, some Chinese investors sought shelter in cryptocurrency despite the government’s Bitcoin ban. These brave souls were not unpatriotic, nor was their investment in Bitcoin against the fundamental principles of Chinese communism. In fact, they are on to...Read More
A Chinese-British woman, Jian Wen, is facing charges in London for allegedly helping a fugitive, Yadi Zhang, launder Bitcoin (BTC) obtained from proceeds of a previous investment fraud that affected nearly 130,000 investors. Authorities seized devices holding over 61,000 Bitcoin that came from $6.34 billion previously stolen by Zhang from investors in China. A Fake...Read More
Bitcoin market price movements have historically followed similar patterns leading up to the four-year halving event. There is usually a mid-cycle top, then a pullback of as much as 30% before the halving and the next bull cycle. On Jan. 30, crypto analyst “Rekt Capital” said that the pre-halving period where pullbacks tend to occur...Read More
On Monday, January 29, Google is set to update its advertising policies to allow select cryptocurrency products to be promoted on its main search engine. The revised guidelines are expected to significantly impact spot Bitcoin exchange-traded funds (ETFs), with industry insiders speculating that they may align well with the updated criteria. Google’s Policy Update The...Read More
