Bitcoin’s price has recently experienced a period of consolidation correction around the $60K level. Despite this, buyers are showing interest in reclaiming the $73K threshold in the mid-term, which could potentially drive the price to a new all-time high. An in-depth analysis of the daily chart reveals that Bitcoin is currently in a corrective phase
Bitcoin
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
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
Bitcoin’s price over the weekend remained relatively stagnant, hovering just above $64,000. This calmness comes after a period of volatility the previous week, signaling a potential shift in the market. Altcoin Stability While Bitcoin experienced a lull, altcoins have also shown less volatility compared to previous weeks. Dogecoin, however, stands out with a 7% surge,
In recent times, Ethereum’s network has witnessed significant growth in terms of daily active users and daily transaction volume. Despite this surge in network activity, the price of ETH, Ethereum’s native cryptocurrency, has experienced corrections over the past few days. It is interesting to note that Ethereum has seen a decline of over 10% in
Coinbase, the derivatives arm of the largest American cryptocurrency exchange, is gearing up to introduce futures trading contracts for Dogecoin (DOGE), Litecoin (LTC), and Bitcoin Cash (BCH) by April 1, 2024. The company recently filed letters with the United States Commodity Futures Trading Commission (CFTC) outlining their plans to launch monthly cash-settled and margin futures
Despite relentless inflation and economic instability in Argentina, there has been a noticeable increase in the adoption of Bitcoin as a hedge against these challenges. Recent data has shown a surge in Bitcoin purchases, with the number of weekly purchases reaching new highs. This trend indicates a growing interest among Argentinians in using Bitcoin as
The decentralized finance ecosystem within XRP has taken a significant step forward with the integration of automated market maker (AMM) functionality. Recent reports from XRPScan indicate that the introduction of AMM features has resulted in the creation of the first liquidity pools within a matter of minutes. These pools are now holding substantial amounts of
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