The recent plunge in Bitcoin price by more than 10% after reaching $69,000 has left many investors wondering about the future trajectory of this popular cryptocurrency. Despite the setback, there seems to be a glimmer of hope as analysts and experts share their positive forecasts for Bitcoin’s price movement in the coming months. One such
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A recent report has shed light on the total Bitcoin assets held by the companies of tech magnate Elon Musk – Tesla and SpaceX – as well as the profits they have garnered from their investments. The report, published by Arkham Intelligence, an AI-based blockchain analytics platform, delves into the Bitcoin holdings and transactions of
The cryptocurrency community is abuzz with excitement following analyst Willy Woo’s recent bullish prediction for Bitcoin (BTC). Woo, known for his accurate forecasting in the past, believes that the approval of spot Bitcoin ETFs could pave the way for a monumental surge in the cryptocurrency market. These exchange-traded funds offer traditional investors a way to
The recent surge in Bitcoin’s price, breaking its previous all-time high and reaching $69,200, sparked excitement among crypto traders. Many saw this as the first step towards a six-digit Bitcoin price. However, this euphoria was short-lived as the price quickly plummeted to $61,200 in the following hours. The sudden drop was attributed to a significant
As the price of Bitcoin experienced a pullback following its surge past the $69,000 mark, numerous crypto analysts have shared their predictions on the future movement of the digital asset. One such analyst, Ali Martinez, took to social media to highlight indicators pointing towards a potential retracement in Bitcoin’s price. According to Martinez, the Tom
In a whirlwind of excitement and anticipation, Bitcoin skyrocketed to a two-year high, bringing it within touching distance of its all-time record value. Surpassing $68,000, with a peak price of $68,800, the leading cryptocurrency has been on a remarkable journey. As of the latest data from Coingecko, Bitcoin is currently trading at $67,980, marking a
Bitcoin has experienced a remarkable surge in value in recent months, with February alone witnessing an increase of over $18,000. This upward momentum has spilled over into March, propelling the Bitcoin price to surpass the $65,000 mark for the first time since 2021. As BTC continues to trade in the green, there is a prevailing
Bitcoin has been experiencing a significant rally in the broader crypto market, with the price reaching the $64,000 threshold on Sunday. Cryptocurrency analyst and trader Ali Martinez shared his insights on Bitcoin’s price action in the short term, pointing out a crucial area that could influence the asset’s next direction. Martinez highlighted that over half
The recent reports of a sharp decrease in the availability of Bitcoin (BTC) on Over-the-Counter (OTC) desks have significant implications for the market dynamics. According to Caitlin Long, the CEO and founder of Custodia Bank, there was a noticeable scarcity of BTC available for sale on the big OTC desks. This scarcity points towards a
Hunter Horsley, the Chief Executive Officer (CEO) of Bitwise, a crypto index fund manager, has recently made bold predictions about the future of Bitcoin. In a Twitter post, he confidently forecasted that Bitcoin’s price could surge to $250,000, surpassing its current value of $62,000. Horsley also suggested that Bitcoin could potentially surpass gold as a
