With the Bitcoin halving event drawing near, Data from crypto industry research and analytics platform, CryptoRank.io, has recently revealed that a significant majority of its users – 79% – are bullish about the upcoming halving, while 21% have bearish skepticism. This sentiment echoes the historical trend where previous halvings have catalyzed bullish rallies in Bitcoin’s…
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In a significant development that could potentially impact the Bitcoin price, Arkham Intelligence data reveals that Grayscale, the manager and owner of the Grayscale Bitcoin Trust (GBTC), has been sending a significant amount of Bitcoin to Coinbase since the launch of Bitcoin spot exchange-traded funds (ETFs) on January 12. Grayscale Bitcoin Trust Initiates Substantial BTC…
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Howard Lutnick, CEO of the renowned financial services company Cantor Fitzgerald, recently shared his insights on bitcoin and tether during an appearance at the World Economic Forum in Davos on Tuesday. Lutnick drew parallels between the fervor around spot gold exchange-traded funds (ETFs) and the anticipated trajectory of bitcoin. Howard Lutnick Projects Bitcoin Rally Post-Halving,…
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Following last week’s launch of 11 spot Bitcoin exchange Traded-Funds (ETFs) in the United States, Matt Hougan, Chief Investment Officer (CIO) at Bitwise, has offered a compelling perspective on the potential impact of these ETFs on the Bitcoin market. His remarks come at a critical juncture, with the next Bitcoin halving event anticipated in mid-April…
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The price of Bitcoin appears to be experiencing a bearish moment in the past few days now despite the approval of multiple Bitcoin Spot Exchange-Traded Funds (ETFs), which has raised speculations about the token’s future. Bitcoin Could See Further Collapse Bitcoinhyper, a cryptocurrency analyst, has offered his insights on the current state of Bitcoin. The…
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Bitcoin price is struggling below the $43,500 resistance zone. BTC could start another decline if it stays below the 100 hourly SMA. Bitcoin price started a major decline from the $49,000 resistance zone. The price is trading below $43,250 and the 100 hourly Simple moving average. There is a key declining channel forming with resistance…
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This past week in the crypto economy proved intriguing, as bitcoin’s value declined by 5.7% while ethereum enjoyed a 10.8% uptick against the U.S. dollar. Leading the pack in market gains, SUI experienced a remarkable surge, escalating over 74% in just seven days. Concurrently, the token ethereum name service (ENS) also witnessed a significant ascent,…
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In the ever-fluctuating world of cryptocurrencies, crypto analyst Doctor Profit has shared his insights on the upcoming trajectory for Bitcoin amid the digital asset’s price decline. Here’s What’s Next For Bitcoin The cryptocurrency analyst took to the social media platform X (formerly Twitter) to share his projections with the crypto community. Doctor Profit offered his…
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The Bitcoin market is experiencing a period of adjustment following the much-anticipated launch of US spot ETFs last week. After a surge to a two-year high near $49,000, the leading cryptocurrency has pulled back over the past four days, currently trading at $42,588 with a market capitalization of $834 billion. This correction presents an opportunity…
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Bitcoin price topped near the $49,000 resistance zone. BTC started a major decline and broke many key supports at $45,000 to enter a short-term bearish zone. Bitcoin peaked near the $49,000 level and started a steady decline. The price is trading below $43,500 and the 100 hourly Simple moving average. There is a connecting bearish…
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