Bitcoin’s supply on exchanges has significantly decreased, reaching new lows amid a bullish market trend, which analysts interpret as a shift towards long-term holding rather than short-term trading. ...
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Bitcoin Price Prepares To Head For The $70,000
May 17, 2024 at 10:21 // Price The price of Bitcoin (BTC) rose above the 21- and 50-day SMA resistance levels for the first time on May 15, 2024. Long-term forecast for the Bitcoin price: bearish The ...
Bitcoin Price Consolidates Gains: Stability in the Crypto Market Amid Recent Surge
Bitcoin price rallied and tested the $66,500 zone. BTC is now consolidating gains and might attempt another increase toward $67,500. Bitcoin started a consolidation phase from the $66,500 resistance z...
Bitcoin ETF Inflows Surged Two-Week High BTC Soared $66,000
Spot Bitcoin exchange-traded fund (ETF) inflows have surged to a two-week high as the underlying asset pumped 7% on key US inflation data. Inflows for spot Bitcoin ETFs in the United States soared to...
Is Bitcoin’s (BTC) Price Ready to Soar Again as Liquidity Floods In?
The first month after the Bitcoin halving last month has been uneventful. However, this might change soon as CryptoQuant observed a serious spike in the volume of stablecoins entering the market. Inte...
Morgan Stanley’s Bitcoin ETF Position Exposed: Filing Discloses $270 Million In Holdings
In a recent filing with the US Securities and Exchange Commission (SEC), Morgan Stanley, the American multinational investment bank and financial services company, disclosed its substantial investment...
Crypto expert Michaël van de Poppe sells all his Bitcoin; Here’s why
Not long after declaring his ‘opportunity cost’ strategy, which involves selling all of his Bitcoin (BTC) possessions, renowned cryptocurrency expert Michaël van de Poppe followed up on his announceme...
Bitcoin ETF Inflow Sees Fourth Consecutive Positive Day With $257 Million
Key Points: Spot Bitcoin ETF inflow surged to $257 million on May 16, driven by positive sentiment and institutional interest. Leading ETFs like Bitwise and Grayscale’s GBTC saw significant net inflow...
Crypto Drainers: The Rising Threat to Bitcoin (BTC) and Other Cryptocurrencies
Overview of Crypto Drainers As the cryptocurrency market continues to evolve, so do the tactics employed by malicious actors to steal user funds. The latest threat, crypto drainers, has been gaining p...
Crypto Trader Says Bitcoin Is out of the Post-Halving ‘Danger Zone’ – Here’s His Outlook
A cryptocurrency analyst and trader believes Bitcoin (BTC) is no longer at risk of a further market correction. The analyst pseudonymously known as Rekt Capital tells his 76,900 YouTube subscribers th...
Wisconsin, the First State Board to Invest in BTC ETFs Through SWIB
In an SEC filing released on May 14, Wisconsin disclosed its ownership of several Bitcoin-backed instruments through its pension funds. Wisconsin, a state in the Upper Midwestern region of the United ...
Ethereum Can’t Stop Losing Ground To Bitcoin
More than 19 months after Ethereum’s historic Merge upgrade, the data is clear: the network’s native asset, Ether (ETH), is not keeping up with Bitcoin (BTC). The ETH/BTC price ratio tapped another th...
Bitcoin’s affair with Coinbase – Over $1 billion in BTC moved and more…
There have been seven batches of outflows of over 15,000 BTC from Coinbase since February BTC also recorded its highest netflows since December 2023 A recent analysis has identified a consistent patte...
Bitcoin (BTC) and Altcoin Market Update: Comprehensive Overview for May 17
“`Bitcoin Explore the current state of Bitcoin and altcoins with a comprehensive market overview as of May 17th. Despite minor fluctuations, significant movements in altcoins such as Chainlink and Sta...
Bitcoin Supply On Exchanges Is Falling To New Lows
Key Points: Bitcoin supply on exchanges reaches new lows amid bullish market sentiment, signaling a move towards long-term holding. Data predicts Bitcoin reserves on exchanges may deplete within nine ...
JPMorgan Names Key Reasons Why Bitcoin Price Won’t Rally Hard
Banking giant JPMorgan does not expect the price of Bitcoin to experience a substantial rally. Any potential upside will be “limited” due to waning demand for spot Bitcoin ETFs. Moreover...
Investors Flock to These 5 Altcoins: Surge in Trend! Featuring BTC, ETH, and More
“`Bitcoin Following Bitcoin’s (BTC) surge above $65,000, certain altcoins have shown significant upward trends, capturing investor interest. Among these, PEPE, a leading memecoin, has seen a notable 7...
‘Rocket Fuel for Bitcoin’: Analyst Jamie Coutts Says This Catalyst Could Propel BTC to $150,000 This Cycle
Real Vision analyst Jamie Coutts is saying that the performance of the US dollar against other major currencies will impact the price of Bitcoin (BTC). Coutts tells his 16,300 followers on the social ...
JPMorgan Raises Bitcoin Production Cost Estimate to $45K from $42K
After the halving, the crypto community expected the hashrate to fall sharply. In February, experts predicted that mining a single bitcoin will cost $42,000. In response to a change in the bitcoin min...
Alchemy Pay to Offer Access to Bitcoin ETFs in Hong Kong
Crypto payment solutions provider Alchemy Pay announced a partnership with exchange-traded services company Victory Securities to offer access to Bitcoin and Ethereum spot ETFs in Hong Kong. The allia...
Ethereum/Bitcoin Price Dropped to Its Lowest Level Since 2021! What Does It Mean?
The ratio between dollar prices of Ethereum (ETH) and Bitcoin (BTC) has reached its lowest level since April 2021, signaling a significant shift in market sentiment and dynamics in the cryptocurrency ...
Futures Exchange Giant CME Plans Kick Off Bitcoin Spot Trading
Futures exchange giant, CME Group, is set to make a foray into Bitcoin spot trading. According to a Thursday report by the Financial Times, Chicago-based futures exchange CME Group is on track to laun...
B² Network and Merlin Chain Forge Strategic Partnership to Enhance Bitcoin Ecosystem Security and Liquidity
B² Network and Merlin Chain, two leading Bitcoin Layer 2 solutions, have entered into a strategic partnership to bolster the security and liquidity of the ecosystem. This collaboration is set to play ...
Bitcoin vs inflation; Can Bitcoin hedge against inflation?
As traditional fiat currencies face the specter of inflation due to various economic factors, alternative assets like Bitcoin (BTC) have gained increasing attention as potential hedges against this ph...
Binance Cancels Listing of Notcoin (NOT) Trading Pair NOT/BTC
Binance Halts Notcoin (NOT) Listing In a recent development, Binance, the world’s leading cryptocurrency exchange, has announced the cancellation of the Notcoin (NOT) listing, which was original...
Anthony Scaramucci Reiterates Bitcoin Bullish Drive Amid Institutional Inflows
SkyBridge Capital’s Anthony Scaramucci has doubled on the institutional adoption of Bitcoin (BTC) following recent revelations of spot BTC ETF exposures. In a recent CNBC interview, Scaramucci noted t...
Bitcoin (BTC) Price Jumps 7.5% in 24 Hours: Key Factors Behind the Surge
Bitcoin (BTC) closed the daily candle with a robust 7.5% gain, signaling strong bullish momentum. Let’s examine why the $60,000 price has been a crucial entry point for investors and traders. Bitcoin ...
Bitcoin, Ethereum prices rise after U.S. inflation report
Bitcoin and stocks experienced a notable price increase following the release of the April U.S. inflation data. The Consumer Price Index (CPI), which measures the average change over time in the price...
ETH/BTC Ratio Declines to Three-Year Low Despite Market Recovery: What’s Next for ETH Price?
Bitcoin’s price surged robustly towards $66K following softer-than-expected U.S. inflation data. This push has brought the crypto market close to resistance levels. However, the ETHBTC ratio has been ...
Bitcoin ETF Volume Surges, Hitting Highest Levels Since March
Bitcoin ETF volumes are gaining significant momentum, with the seven largest ETFs recording a combined $5.65 billion, marking the highest daily volume since March 24th. This surge indicates a shift in...
Bitcoin (BTC) Price Forecast: QCP Capital Predicts Potential Surge to $74K Highs
“`Bitcoin QCP Capital has forecasted a bullish momentum that could see bitcoin reach its previous highs of $74,000 in the next few months. This follows a surge in BTC’s price on May 15th, fueled by gr...
DOJ’s Unlawful Interpretation Threatens Bitcoin and Crypto Innovation, Lawmakers Warn
Two U.S. senators have criticized the Department of Justice (DOJ)’s new interpretation of “money transmission,” which extends requirements to non-custodial software, citing concerns over its impact on...