Bitcoin has been a hot topic in the world of cryptocurrency, with many analysts predicting various scenarios for its price movement. One such analyst, known as CrediBullCrypto, has put forth an “ultra bull scenario” for Bitcoin, suggesting that the cryptocurrency could potentially reach a price point above $80,000 in the current market cycle. This bold
Bitcoin
Glassnode’s recent market report highlighted the slowdown in new capital flowing into the Bitcoin network, suggesting that the lack of demand could be hindering the cryptocurrency’s price from reaching new highs. The Realized Cap metric, which estimates the value of each Bitcoin based on the last time it was traded, currently stands at $574 billion.
In a recent analysis by popular crypto analyst and enthusiast, Crypto Con, predictions have been made regarding the timeline for Bitcoin to reach its peak in the ongoing bull cycle. By studying historical data and trends in past BTC runs, Crypto Con has identified key indicators that suggest when the largest cryptocurrency asset by market
Bitcoin whales, investors holding more than 1,000 BTC in their balances, have been on a relentless buying spree despite the recent market dip towards $60,000. According to Thomas Fahrer, co-founder of Bitcoin-based company Apollo, these large investors have been accumulating BTC at an alarming rate, with their daily spending reaching billions of dollars. Fahrer’s report
Institutional investors are showing a renewed interest in Bitcoin, with investment funds related to the cryptocurrency experiencing a significant increase in inflows. CoinShares’ latest weekly report reveals that Bitcoin investment products attracted a net inflow of $942 million. This surge in investment is seen as a positive sign, indicating a bullish sentiment among institutional investors.
Bitcoin, the world’s largest cryptocurrency, has recently shown a bullish signal through the Stablecoin Supply Ratio (SSR) Oscillator. This indicator, which compares the supply of stablecoins to Bitcoin, has broken below the lower Bollinger Bands, suggesting a potential upward movement in Bitcoin’s price. This unique technical pattern is crucial for traders and analysts who use
Bitcoin recently saw a 2.9% increase in its price on Friday, reaching above $67,000 for the first time since April 24. This rise has been attributed to the low levels of inflation reported in the latest Consumer Price Index (CPI) data. It is important to note that Bitcoin, as a digital asset, is influenced by
The cryptocurrency market has been experiencing a surge in the past few days, with Bitcoin leading the way by bouncing back from around $61,000 to above $67,000. This significant price movement has sparked speculation and discussions among investors and analysts alike. Popular blockchain analytics firm CryptoQuant has shed light on the catalyst behind Bitcoin’s latest
Understanding the intricacies of cryptocurrency markets is crucial for both analysts and investors. Ali Martinez, a renowned cryptocurrency expert, has recently shed light on the price fluctuations of Bitcoin by applying basic economic principles of supply and demand. It is important to note that the price movements of any asset, including cryptocurrencies, are driven by
The recent post-halving world of Bitcoin has seen a significant drop in computational power, with hashrate plummeting by 20% in recent weeks. This unexpected decline has sparked a debate among analysts, with some attributing it to a possible fire sale, while others caution against jumping to conclusions. Typically, after a halving event, hashrate increases as