Bitcoin’s price is displaying signs of finally breaking the previous all-time high to the upside, entering uncharted territories. Predicting its upside potential is becoming more challenging, but there are hints from technical and on-chain analysis. On the daily timeframe, the price is climbing toward the $70K level, with $70K and $80K being potential upcoming targets.
The Stanford Blyth Fund, managed by students at the university, recently made a significant investment in Bitcoin (BTC) at $45,000 in February. This decision came after a compelling pitch by a computer science major, Kole Lee, during one of the Fund’s meetings. Following the purchase, the Blyth Fund allocated around 7% of its portfolio to
The recent bold proclamation by cryptocurrency trader KALEO and other analysts has sparked an interesting discussion about Dogecoin’s potential to reach $1 in the current market cycle. The crucial market data from IntoTheBlock reveals a strong price correlation of 0.95 between Dogecoin and Bitcoin, highlighting the significant influence of broader cryptocurrency trends on Dogecoin’s market
The recent surge in Bitcoin prices is a clear indication of the upward momentum in the cryptocurrency market. With the price crossing the $50,000 threshold and peaking at $70,000, experts believe that the rally is far from over. This rally has coincided with a period of high interest rates, showcasing strong demand for Bitcoin without
The year 2022 was marked by the collapse of several cryptocurrency lending platforms, with the Celsius crash being particularly devastating for investors. However, amidst the turmoil, Nexo managed to weather the storm and emerge as one of the few survivors in the industry. The key to Nexo’s resilience, according to Dimitar Bratovanov, the company’s Product
The recent introduction of spot Bitcoin ETFs has caused a surge in investor interest and a substantial increase in trading volume. This development has sparked optimism not only for Bitcoin but for the cryptocurrency market as a whole. Evaluating the Possibility of a Spot Ethereum ETF Despite the positive reception of spot Bitcoin ETFs, the
Bitcoin has once again made headlines with its price surging past the $70,000 mark, reaching a peak of $70,171. This milestone has sparked a renewed wave of enthusiasm among investors, signaling a positive sentiment in the cryptocurrency market. The steady climb of Bitcoin throughout the week, with a sustained 12% rally, has captured the attention
The past few days have been a rollercoaster for Bitcoin as its price surged above $70,000 for the first time, only to be violently rejected shortly after. This extreme price movement left many investors reeling as billions of USD were liquidated within minutes. Despite the wild fluctuations, Bitcoin managed to recover most of its losses
Cryptocurrency enthusiasts are currently rejoicing over a bullish weekend for Ethereum (ETH), the second-largest cryptocurrency in terms of market capitalization. The recent surge of 4.31% in ETH’s price in the last 24 hours has brought it closer to a critical resistance level of $4,000. This upward movement is being attributed to a variety of factors
Bitcoin has recently achieved a new all-time high, surpassing $70,000. Noteworthy crypto analyst Michaël van de Poppe sees this as just the beginning, suggesting that there is still room for significant upward movement. He believes that Bitcoin remains “heavily undervalued” and has the potential for even higher value. Van de Poppe emphasizes the role of
