Bitcoin open interest is a crucial metric that reflects how investors are perceiving the cryptocurrency market and what kind of bets they are placing. The recent surge in Bitcoin open interest to a new all-time high has significant implications for the market, indicating a shift in sentiment among investors. After experiencing a decline in open
Bitcoin
The Bitcoin price hit an all-time high of $73,400 in March 2024 and has been struggling to regain that level ever since. Despite this, there are still high expectations for a potential recovery, with crypto analyst “Melikatrader94” predicting a new peak at $77,600. This forecast is based on various bullish chart patterns that have emerged
US Republican Presidential candidate Donald Trump recently attended the Bitcoin 2024 conference in Nashville, where he made promises to the crypto community. In his speech, Trump declared that if elected, his administration would enforce a policy mandating the US government to retain “100%” of its current Bitcoin holdings. This announcement was seen as a significant
Semilore Faleti has made a significant impact in the world of cryptocurrency journalism. With a background in content creation and a passion for educating individuals on the complexities of blockchain technology, Semilore has established himself as a trusted source of information in the crypto space. Early Career and Specialization Starting out as a writer covering
The recent on-chain insights have shed light on the end of Bitcoin miner capitulation, a positive sign for the flagship cryptocurrency. The Glassnode Hash Ribbon indicator has shown a cross of the short-term moving average below the long-term moving average, indicating the potential start of a recovery phase for the network. This suggests that Bitcoin
Marathon Digital, previously known as MARA, has recently made a bold move by investing $100 million in Bitcoin. This significant investment demonstrates the mining giant’s unwavering belief in the long-term potential of the pioneering cryptocurrency. Despite the volatile nature of the crypto market, Marathon Digital has seized the opportunity to expand its Bitcoin holdings, which
Robert Kennedy Jr., an independent candidate for the US presidency, recently presented a groundbreaking financial policy plan during the industry day of the annual Bitcoin conference in Nashville, Tennessee. This ambitious plan aims to position the United States as the world’s largest holder of Bitcoin, surpassing even the country’s gold reserves. The core of this
Cryptocurrency analysts have been making bold predictions about the future price of Bitcoin (BTC), with some forecasting that it could reach as high as $263,000. These predictions, however, are based on specific market conditions that need to be met in order for Bitcoin’s price to surge to new all-time highs. One crypto analyst, known as
Crypto analyst RLinda has recently made a bold prediction regarding Bitcoin, suggesting that the cryptocurrency could potentially reach a new all-time high of $90,000. She pointed out several fundamental factors that could support this price growth, one of them being the anticipated launch of Spot Ethereum ETFs. However, it is crucial to note that RLinda’s
The current crypto market trend is painting a positive picture, with both Bitcoin and altcoins experiencing significant rallies. Analyst Capo of Crypto has expressed optimism about the future, suggesting that there are more massive moves to the upside awaiting these digital assets. In a recent X post, Capo mentioned that the “best is yet to
