Bitcoin’s market cap increased by 7% in the last 24 hours, currently trading at $63,166.72. This bullish rally surprised many traders, and they dramatically changed their positions on Binance – from liquidated short positions to long trades catching an upswing wave. Certainly, however much optimism the surge has led to, analysts from on-chain data platform […]
After two weeks of consolidation, the world’s biggest cryptocurrency, Bitcoin (BTC), smashed past $57,000 earlier today in a massive breakout. As of press time, the Bitcoin price today is $ 56,141 with a 24-hour trading volume of $ 64.00B; the BTC price increased 8.98% in the last 24 hours, with its market cap going over $1.1 trillion […]
A pivotal shift in Bitcoin market dynamics is on the horizon, as suggested by an insightful analysis from asset management firm Grayscale. With April’s highly anticipated halving event, experts predict that fundamental changes to cryptocurrency’s demand-supply equation will profoundly influence its price trajectory. Bitcoin has historically shown significant price increases following halving events, which reduce […]
In a recent update, renowned crypto analyst and Bitcoin enthusiast Michael Van de Poppe provided valuable insights into the future trajectories of various altcoins, shedding light on potential opportunities for investors in the ever-dynamic cryptocurrency market. #Altcoins to buy or #Altcoins to sell. In this update, I'm talking about the recent movements and market corrections. […]
Bitcoin has broken through the $42,000 barrier, signaling a notable recovery in the cryptocurrency market following the recent spot Bitcoin exchange-traded fund (ETF)-linked sell-off. As reported by CoinMarketcap, Bitcoin exhibited a rapid ascent from $39,645 on January 26, marking a 5% gain to reach a trading price of $42,200. Presently, the price of Bitcoin stands […]
In the aftermath of the much-anticipated spot Bitcoin ETF launch, the market has failed to sustain a bullish momentum, triggering a bearish wave that has left investors on edge. The Bitcoin price, which initially experienced a minor upswing, is now grappling with significant pullbacks, raising questions about the cryptocurrency’s immediate future. Bitcoin Price Trend: From […]
The cryptocurrency market is facing a downturn for three key reasons. Amidst heightened volatility, the crypto market faces a $25 million Bitcoin outflow linked to Spot Bitcoin ETFs. The market cap is declining from a $1.80 trillion peak. Uncertainty looms over the impact of the imminent $25 billion Grayscale Bitcoin Trust (GBTC) liquidation on Bitcoin […]