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Bitcoin Price Surges Past $63,000: The Key Reasons

[Jul 15, 2024 2:45 AM] After a decline to $53,600 last Friday, the Bitcoin price experienced a major recovery over the weekend, exceeding the $63,000 threshold today. This marks a massive 17% increase since last Friday, reaching this level for the first time in two…

Bitcoin Whales Accumulate 71,000 BTC Amidst Price Dip – Details

[Jul 13, 2024 10:30 PM] The price of Bitcoin has continued a mild recovery in the last 24 hours following the recent price plunge in the first week of July. According to data from CoinMarketCap, BTC is up by 1.11% in the last day as the market bulls appear to gather…

Bitcoin Miners Have Been ‘Extremely Underpaid’ Since Mid-June

[Jul 13, 2024 1:10 PM] Bitcoin miners have faced significant underpayment since mid-June, according to metrics from cryptoquant.com. As of now, the estimated value of 1 petahash per second (PH/s) of hashrate remains notably low at $47.79 per PH/s. Despite the revenue…

Inflow Streak Pushes US Bitcoin ETFs Near $16B Mark

[Jul 13, 2024 10:05 AM] U.S. spot bitcoin exchange-traded funds (ETFs) attracted $310.21 million on Friday, marking the sixth consecutive day of inflows. Blackrock’s IBIT and Fidelity’s FBTC led the day with $120.03 million and $115.14 million, respectively…

Bitcoin Lags Behind S&P 500, Signaling Potential Bullish Catch-Up

[Jul 13, 2024 6:30 AM] Bitcoin has managed to record some price gains in the last week following a brutal market sell-off at the start of July which saw the crypto market leader lose 10% of its price on July 5.  At the moment, analysts continue to roll out observations…

Bitcoin Recovery Stalls As HODLers Apply Selling Pressure

[Jul 12, 2024 4:00 PM] On-chain data shows that Bitcoin long-term holders have potentially been selling recently, something that may explain BTC’s continued bearish momentum. Bitcoin Exchange Inflow CDD Has Registered Huge Spikes Recently As an analyst in a…