Fundstrat’s head of research, Tom Lee, has once again reiterated his bold prediction for Bitcoin, suggesting that the pioneer cryptocurrency will skyrocket to $150,000. In a recent CNBC Television interview, Lee expressed his bullish optimism about Bitcoin’s future, confidently stating that the cryptocurrency will break out of the current bearish trends in the market. This
Bitcoin
Arthur Hayes, the co-founder of BitMEX, recently published an essay titled “Zoom Out,” where he delves into the connections between historical economic cycles and today’s financial landscape. He highlights the significance of understanding economic patterns from the 1930s to the 1970s in predicting the potential resurgence of the Bitcoin and crypto bull run. Hayes categorizes
In the volatile world of cryptocurrency trading, predictions often vary widely, leaving investors unsure of which direction to follow. The recent analysis of Bitcoin’s price by crypto analyst Alan Santana has painted a starkly bearish picture, forecasting a potential crash in the near future. Santana believes that Bitcoin has not yet bottomed out, pointing to
Bitcoin weekend trading volumes have experienced a significant decline according to a recent report by Kaiko. The data reveals that weekend trading activity for Bitcoin has dropped from 28% in 2019 to a mere 16% in 2024. This substantial decrease coincides with the introduction of spot Bitcoin ETFs in the US, which are only tradable
Being engrossed in the world of cryptocurrency can be both exciting and challenging. Opeyemi, a dedicated writer, has found his niche in this dynamic industry. His passion for unraveling the complexities of blockchain technology and staying updated on the latest trends in the crypto market is truly remarkable. One of Opeyemi’s favorite activities is analyzing
The month of June has been a challenging period for Bitcoin investors as the cryptocurrency experienced a downward trend, with its price dipping below $60,000 at certain points. As a result, many investors were left disappointed by the lackluster performance of Bitcoin during this period. Crypto analyst Zen has highlighted the significance of various liquidity
Semilore Faleti is a renowned cryptocurrency writer known for his expertise in journalism and content creation. His journey in the world of digital assets started with a passion for unraveling the complexities of blockchains and cryptocurrencies. His dedication to providing insightful and educational content has made him a trusted source in the industry. During his
Opeyemi, a skilled writer, ventured into the world of cryptocurrency more than two years ago. Despite it not being his initial career path, he soon found himself deeply immersed in the digital asset industry. His passion for unraveling the complexities of blockchain technology and staying updated on the latest trends in cryptocurrencies has only grown
Bitcoin has reached a critical point in its price trajectory, with the recent rejection at $62,000 sparking a showdown between bullish and bearish sentiment. The current market conditions have fueled speculation that the price of Bitcoin may be in for a significant decline. Crypto analyst DonAlt has expressed his opinion that the worst may be
The Bitcoin price has been on a decline once more, following a brief recovery that was seen earlier in the week. One of the major factors driving this decline is the significant sell-offs that have been initiated by various governments. For instance, the German government recently sold approximately 2,786 BTC, valued at around $140 million.
Bitcoin recently faced a significant rejection at the $62,498 resistance level, highlighting the prevailing bearish dominance in the market. This failure to break through a critical threshold has raised concerns about potential downward trends, signaling caution among traders and investors. Despite a 31.26% increase in market capitalization, there has been a 35.43% decrease in trading
As Bitcoin, the leading cryptocurrency, navigates through a critical juncture, the market sentiment is divided between optimism and caution. The recent surge in the first half of 2024 saw Bitcoin surpassing the $71,000 mark, only to retreat and stabilize around $61,000, prompting discussions among analysts about the future trajectory of this digital asset. One of
The recent trend in Spot Bitcoin ETFs has raised concerns among investors as the funds have experienced outflows for seven consecutive days. The outflows have been accompanied by a decline in the Bitcoin price, indicating a possible correlation between institutional sell-offs and miner sell-offs. Data from Coinglass reveals that the outflows have averaged around $100
The cryptocurrency market, once a hotbed of excitement and potential, is currently experiencing a significant downturn. Bitcoin, the flagship cryptocurrency, has seen a sharp decline in value after reaching record highs earlier this year. The recent weeks have been characterized by a mass exodus of investors from Bitcoin, with over $630 million flowing out of