The cryptocurrency market has been experiencing sideways movement recently, with Bitcoin unable to decisively break past the $67K mark. Despite attempting to surpass $68K, the price faced resistance from sellers, resulting in a 1% loss over the past 24 hours. The volatile nature of the market has led to the liquidation of over $110 million
Bitcoin
In the world of Bitcoin, we are witnessing a fascinating contrast in investor behavior. On one side, we have a surge of short-term traders who are attracted to quick profits, while on the other side, veteran holders remain steadfast in their convictions. This divide is highlighted by a recent report from Bitfinex Alpha, shedding light
Prominent crypto analyst Dave the Wave has provided a bullish narrative for Bitcoin, suggesting that the cryptocurrency could rise to as high as $300,000 based on his logarithmic growth channel (LGC) indicator. According to his analysis, BTC’s rally to this unprecedented price level is expected to happen sometime in 2025. This long-term prediction indicates a
The latest release of the US Consumer Price Index (CPI) data sparked a notable surge in Bitcoin and the broader cryptocurrency market. Bitcoin and Ethereum saw gains of 3.4% and 2.43% respectively over the past 24 hours. Despite the uncertainty in the crypto market, with Bitcoin hovering around $70,000 and Ethereum struggling to break $4,000,
Several crypto analysts have shared their insights on the future trajectory of Bitcoin, especially in light of its recent tepid price action following the halving. One analyst, known as CrediBULL Crypto, recently took to social media platform X to predict that Bitcoin would soon rise to $100,000. He suggested that this upward trend would kick
Bitcoin has inspired a myriad of artworks, with the Bull and Bear symbol being a commonly portrayed motif in the world of crypto-inspired art. However, artist VESA took on the challenge of creating something entirely new with BitRam. This piece symbolizes Bitcoin’s relentless and unconfiscatable nature, offering a fresh perspective amidst turbulent societal times. BitRam
As risk assets in the financial sector face mounting vulnerabilities, experts are turning their attention to Bitcoin (BTC) and the potential impact of economic factors on the cryptocurrency. The recent release of stronger-than-expected jobs data by U.S. authorities has cast a shadow over risk assets, including BTC. The concern stems from the possibility that the
The recent surge in the cryptocurrency market has brought about renewed optimism as investment funds experience a historic influx. According to CoinShares, a prominent digital asset manager, the market witnessed a record-breaking $2 billion inflow into crypto funds in just one week. This surge surpassed the entire month of May’s net inflows, marking a significant
The US spot Bitcoin ETFs, including GBTC, started off June on a high note despite hints of waning hype. In the first week alone, these ETFs collectively purchased 25,729 BTC, showing a strong interest from investors. This marked a significant increase compared to the previous months, with data showing that in January, these ETFs acquired
The recent spike in the price of Ethereum (ETH) has brought the cryptocurrency close to the $4,000 mark, sparking renewed market enthusiasm. This surge can be attributed to the US Securities and Exchange Commission’s (SEC) approval of Ethereum ETF applications by major asset managers. According to a report by CoinShares, digital asset investment products have