As the digital currency Bitcoin continues to mystify analysts, there is a lively debate surrounding its potential price trajectory in 2024. Optimists, notably led by the prominent crypto analyst Cryptoyoddha, are painting a rosy picture of a bullish future for Bitcoin. They base their optimism on a detailed analysis of historical price charts, highlighting cyclical
Bitcoin
The past week was nothing short of challenging for Spot Bitcoin ETFs, as they struggled to attract significant inflows on a daily basis. This lack of interest resulted in consecutive daily outflows throughout the week, signaling a potential decline in bullish sentiment among institutional traders. The impact of this can be seen in the price
The recent price performance of Bitcoin has left many in the crypto community feeling concerned. This sentiment extends to other cryptocurrencies in the market, with several large-cap tokens seeing a reversal of their profits. However, there are investors who view the price decline as an opportunity to accumulate assets in the bullish market. According to
The recent decline in the price of Bitcoin has had a significant impact on the spot Bitcoin ETF market. According to data from BitMEX Research, there has been a negative netflow in the BTC ETF market for the last four trading sessions. This trend is characterized by large outflows from Grayscale’s GBTC and record low
Despite the anticipation surrounding Bitcoin’s future trajectory leading up to the Bitcoin Halving, JPMorgan analysts have expressed concerns that things may not unfold as optimistically as many had hoped. They believe that a storm is brewing for the flagship cryptocurrency before any significant upward movement. The strategists at JPMorgan, led by Nikolaos Nikolaos Panigirtzoglou, pointed
The recent surge in Bitcoin’s value, surpassing the $67,000 mark, has caused a wave of liquidations in the crypto market. Traders who were expecting the market to continue its decline were caught off guard by this sharp reversal. According to data from Coinglass, over 86,000 traders suffered losses exceeding $250 million within a 24-hour period.
After a notable recovery from the $61,000 price mark to $67,000, Bitcoin has sparked hopes within the cryptocurrency community that a bullish movement might be imminent. Despite not returning to the point it was a week ago, especially after reaching a new all-time high of $73,000 last week, Bitcoin enthusiasts are optimistic about the future.
Bitcoin, the flagship cryptocurrency, has been experiencing some fluctuations in its price recently, leading to concerns among investors. Despite this, certain fundamentals indicate that Bitcoin is still in a good position for further growth in the current bull market. One key factor to consider is the supply of Bitcoin on exchanges, which has decreased by
Bitcoin, the world’s leading cryptocurrency, has witnessed a substantial drop in value, plummeting from over $73,600 on March 14 to a low of under $60,800. This decline translates to a -17% loss, sparking intense discussions among crypto experts on social media platforms like X (formerly Twitter). Alex Krüger, a renowned figure in both macroeconomics and
The Government Pension Investment Fund (GPIF) of Japan, known as the world’s largest pension fund, managing assets worth $1.5 trillion, has recently made headlines with its intention to explore diversification opportunities involving Bitcoin. This move is significant as it demonstrates a potential shift in the fund’s investment strategy, which has traditionally been associated with more