The founder of LookIntoBitcoin, Philip Swift, recently pointed out the significant increase in global liquidity, which has just hit a new all-time high. Swift emphasized that this surge in liquidity is a crucial indicator of how Bitcoin could potentially rise in the current bull run. The global liquidity has now reached a staggering $94 trillion,
Driving
The recent surge in inflows into US spot Bitcoin Exchange-Traded Funds (ETFs) has caught the attention of market participants and analysts alike. Over the past 17 days, these ETFs have experienced a remarkable streak of net additions, with a particularly notable day seeing inflows of $886.6 million – the second-highest single-day influx since their inception.
The cryptocurrency market has seen a surge in investor confidence recently, with Bitcoin emerging as a major beneficiary of this positive trend. Despite the somewhat frustrating price action that has characterized the market in recent weeks, large-scale investors have been actively accumulating BTC. Even though Bitcoin’s price ended May below the psychological $70,000 mark, there
Bitcoin, the enigmatic digital asset, continues to enthrall investors with its unpredictable price movements. Cryptorphic, a well-known crypto analyst, has recently made an audacious prediction regarding the future price of Bitcoin. According to their analysis, Bitcoin is poised to reach an astonishing $156,000 by May 27th, 2025. This prediction is based on a historical trend
The cryptocurrency market has been a rollercoaster ride, with prices of various tokens fluctuating wildly. Amidst this volatility, XRP has been a subject of much speculation. Despite its lackluster performance in recent times, crypto analysts remain optimistic about the future of XRP. Analyst BarriC, in a recent tweet, boldly predicted that XRP’s price will eventually
The recent fluctuation in Bitcoin price, with a decrease from $71,000 to $67,000, has prompted crypto analysts to closely examine technical indicators to determine the future direction of the price. One notable analyst has emphasized the significance of the current situation, highlighting key levels that could indicate the next move for Bitcoin. The break below
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
A recent report has suggested that the Russian crypto mining industry could experience significant growth in the coming year. Industry insiders from BitRiver, Russia’s largest crypto mining player, have predicted a growth rate of between 20% and 40% for 2024. This forecast is based on the current low cost of electricity in Russia and the
In recent news, Ethereum price experienced a significant rally of over 20%, attributed to the increase in hopes of an ETH ETF. The cryptocurrency broke through multiple resistance levels, including the crucial $3,500 zone. This surge has positioned Ethereum above $3,600, with the 100-hourly Simple Moving Average acting as a strong support level. Upon closer