The latest on-chain revelation suggests that the Bitcoin network has been experiencing a decline in high-value transactions over the last few weeks. This decline in activity has had a direct impact on the price of Bitcoin, which has been struggling to break out of consolidation throughout the month of April. Despite multiple attempts to hold
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The cryptocurrency world is currently in a state of excitement and speculation as a deep learning model has projected a significant increase in the price of Bitcoin (BTC) in the near future. Despite the AI’s optimistic prediction, financial experts are advising investors to maintain a sense of caution when interpreting the forecast. This article will
Crypto expert Peter Brandt has recently suggested that the peak of the current Bitcoin market cycle may have already occurred. He based his conclusion on his “exponential decay” thesis, which he believes could actually be beneficial for the Bitcoin ecosystem. Brandt pointed out that historical data indicates that Bitcoin’s price tends to peak at certain
The Spot Bitcoin ETFs have been facing a decline in demand since the beginning of the month, and this trend was highlighted by significant outflows on April 26. This decrease in demand has had a ripple effect on the broader crypto market, with Bitcoin’s price being impacted by unfavorable market conditions. Farside Investors recently shared
Chief economist and Bitcoin critic, Peter Schiff, recently issued a somber prediction regarding the world’s largest cryptocurrency. In a tweet, Schiff shared a price chart of Bitcoin against the United States Dollar (USD), highlighting Bitcoin’s price at $63,814 and key support levels around $60,000. Schiff emphasized the importance of Bitcoin maintaining its stronghold above $60,000,
Leading up to the Bitcoin Halving event, the price of BTC experienced significant volatility, causing uncertainty among investors. However, the market has since seen a rebound, with Bitcoin reaching the $66,000 level. This surge in price has sparked optimism among top cryptocurrency analysts, who are now making bullish predictions about the future of the coin.
Bitfinex, a Hong Kong-based cryptocurrency platform, has recently released an Alpha report that delves into the market dynamics of Bitcoin following the recent halving event. One key takeaway from the report is the surge in exchange withdrawals of Bitcoin, reaching levels not seen since January 2023. This uptick in withdrawals signifies a trend of investors
The decision by B3, a Brazilian stock exchange, to include Bitcoin futures in its offerings has caused a significant stir in the cryptocurrency community. After the official opening of trades on April 17, B3 experienced an overwhelming demand for Bitcoin futures, indicating a strong interest from Brazilian investors in cryptocurrency derivatives. On the debut trading
After the recent completion of the Bitcoin halving event, market analysts and experts are looking towards a potentially bullish trend in the BTC market. One crypto analyst, known as ecoinometrics, has made a bold prediction that Bitcoin could potentially reach six-figure price levels in the current bull cycle. The analyst’s post on Saturday highlighted the
Cryptocurrency analyst Rekt Capital recently took to Twitter to discuss the potential timeline for Bitcoin’s next market peak. With the upcoming Bitcoin Halving event just around the corner, Rekt Capital highlighted the significant impact of the Halving cycle on shaping Bitcoin’s market trajectory. Despite the Halving event scheduled between today and tomorrow, Bitcoin has shown