The cryptocurrency market has been experiencing a decrease in bullish momentum, raising concerns about the continuation of the ongoing bull cycle. Recent price fluctuations have seen Bitcoin drop from $70,000 to below $67,000, signaling a struggle to reach its previous all-time high of $73,737. Amidst this uncertainty, on-chain analytics platform Santiment has identified a key
Bitcoin
As the countdown to the much-anticipated 2024 bitcoin halving event nears its climax, the cryptocurrency world finds itself amidst a whirlwind of excitement and speculation. Social media platforms have become abuzz with discussions surrounding the impending halving, according to data from Santiment. This increase in social media chatter indicates a potential for significant price movements
The crypto market experienced a sharp decline on April 12, catching many by surprise. The price of Bitcoin and other altcoins plummeted, resulting in massive liquidations across the board. While there are various theories as to what caused this sudden downturn, including a correction in the US stock markets, the exact reason remains elusive. The
The impact of Bitcoin Halving events on the flagship cryptocurrency’s price has been a topic of ongoing debate among analysts and experts. According to lead analyst Hannah Phung from SpotOnChain, historical data suggests that Bitcoin’s price tends to increase significantly around 6 to 12 months after the Halving event, rather than immediately. Past Halving events
The allure of Bitcoin, the largest cryptocurrency in the world, is expanding beyond the general public and attracting the attention of the ultra-wealthy elite. These individuals, whose assets are valued in the millions and billions of dollars, are now expressing a keen interest in entering the digital asset market. According to Barbara Goldstein, the Managing
The recent surge in Bitcoin’s price, which is now hovering around the $70,000 mark, has sparked optimism among crypto enthusiasts. This positive momentum is attributed to the much-anticipated Bitcoin Halving event that is expected to take place this month. Rekt Capital, a prominent cryptocurrency analyst, has outlined three key stages of the event that investors
Bitcoin has once again shown its strength in the market by breaking through the $70,000 barrier, indicating a bullish trend for the cryptocurrency. Crypto Jelle, a respected expert in the field, has made a bold prediction for Bitcoin, foreseeing a surge to $82,000 in the near future. He emphasizes that after a slight setback, Bitcoin
Recent reports from analysts at CryptoQuant suggest that the impact of the upcoming Bitcoin halving event in 2024 on the price of BTC has significantly decreased. Previously considered a key driver of bullish momentum in the cryptocurrency, the halving event may not have the same shock value as anticipated by most experts in the field.
Bitcoin’s price has recently taken a hit, dropping from above $72,000 to around $69,300 within a short period. One of the major contributing factors to this decline is the upcoming release of the March Consumer Price Index (CPI) data on April 10. Market experts predict a potential rise in overall inflation, which could prompt the
Bitcoin, the undisputed king of cryptocurrencies, is once again on a wild ride. After a surge over the weekend that brought it close to shattering its all-time high, the digital asset has dipped back below the crucial $70,000 mark in the last 24 hours. This sudden correction has left investors wondering if the predicted surge