The recent surge in Bitcoin’s price, surpassing the $70,000 mark, has sparked optimism among long-term holders who have now seen their holdings enter the profit zone. This surge has been particularly evident among US-based investors, as indicated by the positive Coinbase premium. The Coinbase Premium Index (CPI), previously in the negative since May 18, has
Bitcoin
The US spot Bitcoin Exchange-Traded Funds (ETFs) have been experiencing an unprecedented streak of inflows, with 17 consecutive days of net additions. The significant influx of $886.6 million on a particular Tuesday marked the second-highest single-day inflow since their inception. The following day saw another substantial inflow of $488.1 million, attributed to major financial players
In a recent report by Raoul Pal, Co-Founder of Exponential Age Asset Management (EXPAAM), it was revealed that Bitcoin, Ethereum, and Solana have been consistently outperforming traditional assets in terms of annualized returns. With annualized returns of 141%, 152%, and 224% respectively, these crypto assets have far surpassed traditional assets such as Gold, which only
Bitcoin, the digital currency that has been causing a stir in the financial world, is once again at the center of attention. This time, it is due to the mounting stress within the US banking system. Some experts are predicting a significant surge in Bitcoin’s value, with some even going as far as forecasting a
The cryptocurrency market is speculated to be on the verge of a bull run, with Bitcoin and altcoins showing signs of responding to this potential upswing. Investors are eagerly anticipating this upward trend, especially with the projections made by Crypto Emily, a crypto analyst, regarding the future prices of six major cryptocurrencies. Bitcoin Price Projection
Venture capitalist and billionaire investor, Chamath Palihapitiya, has made a bold prediction regarding the future of Bitcoin. He foresees a potential price increase to $500,000, attributing this forecast to Bitcoin’s fourth halving cycle, which took place on April 20, 2024. Palihapitiya has engaged in a detailed analysis of historical halving cycles to support his prediction,
The future of Bitcoin has been a hot topic of discussion within the crypto community, with various analysts presenting optimistic outlooks for the pioneer cryptocurrency. One such analyst, Peter Brandt, recently released a blog post predicting Bitcoin’s top in the current bull cycle. Despite the recent decline in Bitcoin’s price, Brandt remains positive about the
In the world of cryptocurrency, crypto analyst Tara has recently pointed out a bullish pattern that has emerged on the Bitcoin chart. According to her analysis, Bitcoin could be gearing up for a major price surge in the near future. Tara predicts that Bitcoin’s price could skyrocket to $75,800, representing a new all-time high for
The price of Bitcoin has once again found itself in a choppy market, dashing any hopes of a swift breakthrough to new all-time highs. Despite this setback, recent on-chain data suggests that the current bull cycle may still have room to run, albeit at a slower pace. Let’s delve into the implications of Bitcoin’s recent
The recent failure to break above the $72,983 resistance level has caused the price of Bitcoin to drop significantly. Despite still trading above the 1-day Simple Moving Average (SMA), the rejection has led to a decline from $71,942 to $66,785 and a move below the SMA in both the 1-hour and 4-hour charts. This drop