Bitcoin kicked off the year 2024 with an impressive surge, climbing over 73% in the first quarter to hit a new all-time high of $73,750. Despite the subsequent price correction, the major stakeholders in Bitcoin have displayed a consistent pattern of accumulation in the first three months of the year. This accumulation trend suggests a
Bitcoin
The recent downturn in the Bitcoin price has sparked concern among investors, as the price dipped below $67,000. However, amidst this uncertainty, crypto analyst Michael van de Poppe has taken a different approach. He has encouraged the crypto community to see this as an opportunity to buy more Bitcoin at a lower price. In a
As the Bitcoin Halving draws near, with less than 2,900 blocks remaining before miners’ rewards are halved, anticipation is building within the crypto community. The event, projected to occur in April around Block 840,000, is expected to have a profound impact on Bitcoin’s price trajectory. The Halving, occurring approximately every four years, is a deflationary
The surge in the price of Bitcoin to around $70,000 has sparked anticipation among investors for a continued upward trend. Much of this surge can be attributed to the accumulation of Bitcoin by large whales. These whale addresses, holding substantial amounts of Bitcoin, have the power to influence the market with their transactions. However, recent
As Bitcoin investors bask in the recent 9.34% gain that saw the cryptocurrency trading above $71,000, all eyes are now on the upcoming halving event. Bitwise CEO, Hunter Horsley, has voiced his opinion on the significance of the impending halving, stating that it could be the most crucial event in Bitcoin’s trading history due to
Bitcoin (BTC) is currently in a position for a potential surge, as indicated by a bullish technical pattern and increasing institutional investments. Analyst Ali Martinez recently identified a bull flag pattern on Bitcoin’s 4-hour chart, suggesting a consolidation period following a significant price increase. This phase, characterized by a slight downward trend and decreasing trading
In recent weeks, Bitcoin bulls have regained control, bringing a bullish sentiment back to the market after a period of price dips. One clear indicator of this bullish outlook is the impressive amount of inflows into Spot Bitcoin ETFs. Farside Investors reported a significant increase in inflows on March 27, with the Spot Bitcoin ETFs
The recent surge in the price of Bitcoin has attracted the attention of large investors known as whales, who hold at least 1,000 BTC in their wallets. These whales have been taking advantage of the dip in Bitcoin’s price to accumulate more coins, with the number of addresses holding at least 1,000 BTC increasing by
Recent data from crypto analytics firm Glassnode has indicated that the amount of Bitcoin held on Coinbase has dropped to a 9-year low. This decline, with a balance of 344,856 BTC on March 18, suggests that investors are opting to move their holdings off exchanges and hold for the long term rather than selling. This
As per Rekt Capital, a cryptocurrency expert and enthusiast, the recent Bitcoin pre-halving retrace bears a resemblance to the one that occurred in 2020 before the crypto asset surged to its previous all-time high. Bitcoin, being the largest cryptocurrency asset, is currently showcasing momentum as it climbs over $70,000, recovering from a recent downward trend.