Former President Donald Trump has recently surprised many by expressing strong support for Bitcoin and cryptocurrencies, a stark departure from his previous skepticism towards digital assets. This unexpected pivot, highlighted in a widely circulated video among crypto enthusiasts and investors, has sparked discussions about the potential effects on the cryptocurrency market as the US presidential
Bitcoin
The dynamics of Bitcoin price movements are heavily influenced by the actions of major whale investors in the crypto market. Recent on-chain data provided by IntoTheBlock suggests a noticeable decline in whale accumulation volumes during each buying cycle over the past month. This trend raises concerns about the conviction of these whales, especially as the
The recent underwhelming performance of Bitcoin has not gone unnoticed by institutional investors, who are now showing signs of bearish sentiment. Data from CoinShares has revealed a significant outflow of $284 million from Bitcoin investment products last week. Most of these outflows came from US Spot Bitcoin ETFs, with $156 million exiting these funds. This
Bitcoin (BTC) has recently seen a slowdown in its price movement, despite having recovered above $60,000. One of the main reasons for this tepid movement is believed to be the reduced demand for Spot Bitcoin ETFs. The Spot Bitcoin ETFs experienced a surge in net inflows in the first three months of their launch, which
Cryptocurrency analyst and trader Rekt Capital recently shared an interesting insight about Bitcoin’s price trend. He pointed out that the current movement of Bitcoin is reminiscent of a price action from eight years ago, during a previous bull cycle. The implication is that Bitcoin might be gearing up for substantial growth in the coming months,
Bitcoin has recently displayed remarkable resilience in the market, bouncing back above the $60,000 price zone after experiencing a significant decline below $57,000. This upward momentum has reignited the interest of Bitcoin bulls, who are poised to potentially kickstart a crypto bull run. Market expert Peter Brandt, in celebration of his 50th anniversary in future
The Bitcoin price has been on a rollercoaster ride recently, experiencing both bearish pressure and a strong comeback. After falling below the $60,000 mark for the first time in almost two months, the price of BTC managed to recover above $60,000 and even reached as high as $63,000 in the past day. This raises the
The recent drop in the price of Bitcoin below the $59,000 support level has caused concern among investors in the cryptocurrency market. Analysts are wary of a potential further decline if a market capitulation occurs. Following the price drop, CryptoQuant reported approximately $120 million in liquidated long positions, signaling a significant shift in market sentiment.
The recent market-wide crash has sent the Bitcoin price tumbling below $60,000, triggering a 20% decline and exposing critical support levels for the cryptocurrency. One of the key figures in the crypto space, Norok, has identified $51,800 as the most crucial support level for Bitcoin. According to Norok, this level is essential for maintaining the
The recent downturn in the price of Bitcoin has caught the attention of investors and analysts alike. After months of euphoria following the launch of Spot Bitcoin ETFs in the US market, Bitcoin has finally broken below the $60,000 support level for the first time in two months. This signals a potential shift in market
Crypto analyst Ali Martinez has shed light on the significance of the $59,800 price level for the future trajectory of Bitcoin. According to Martinez, this particular price point has often served as a crucial support level for BTC during uptrends. If Bitcoin were to drop to $59,800, there is a high probability of a massive
The cryptocurrency analyst Lark Davis has drawn attention to crucial developments within the Bitcoin ecosystem that could lead to a more intense bull cycle than initially expected. One of these significant changes is the growing institutional and global acceptance of Bitcoin, which has the potential to drive the current bull market even further. The recent
The crypto analyst, DonAlt, has recently put forward a scenario where the price of Bitcoin could potentially drop to the mid-$40,000 range. This prediction is based on the current market conditions and the possibility that a price breakdown might be necessary for the continuation of Bitcoin’s bull run. DonAlt suggests that a price breakout below
The Bitcoin network has experienced a significant increase in trading activity following the recent halving event. While the halving did garner attention for the cryptocurrency, the surge in trading can be attributed to other factors as well. Data from on-chain analytics platform IntoTheBlock reveals a rapid growth in daily BTC transactions, reaching a new peak