Bitcoin Slips to $29K, but Fundstrat's Tom Lee Sees $150K on ETF Approval
[Aug 16, 2023 9:50 AM] Altcoins are leading declines, with majors like DOGE, SOL and MATIC shedding 6-7% in the past 24 hours.
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Satoshi-era Bitcoin awakens: 1,005 BTC mined in 2010 on the move
[Aug 16, 2023 8:21 AM] 1,005 BTC, valued at $29 million, has been moved from an old Bitcoin wallet after 13 years, drawing parallels to recent dormant BTC movements.
Bitcoin Speculators Retreat As Long-Term Holders Double Down Since $69,000 Peak
[Aug 16, 2023 8:00 AM] The Bitcoin market continues to reveal trends and patterns, vital for both long-term holders and short-term speculators. Notably, since Bitcoin reached its all-time high of $69,000, speculators, who play a pivotal role in the market, now hold less…
Bitcoin, Ethereum Technical Analysis: BTC, ETH Hit 1-Week Lows Ahead of FOMC Minutes
[Aug 16, 2023 7:30 AM] Bitcoin neared a breakout below $29,000 on Wednesday, ahead of the release of anticipated Federal Open Market Committee (FOMC) minutes. The minutes will show the United States Fed’s reasoning behind its last rate hike, whilst also giving…
Bitcoin speculators now own the least BTC since $69K all-time highs
[Aug 16, 2023 4:25 AM] Short-term holder supply has declined to just 2.56 million BTC, but the current Bitcoin market may be “top heavy,” warns Glassnode.
Bitcoin Vapid, Gold Weakens as Russian Ruble and Argentinian Peso Crash
[Aug 16, 2023 3:29 AM] Ruble and Peso crash represent signs of crack in the global market, per one observer. So far, there has been little demand for perceived havens like bitcoin and gold.
Ethereum Futures ETF To Launch On Oct 12, Will ETH Echo BTC’s 2021 Surge?
[Aug 16, 2023 2:15 AM] The crypto space is on the verge of another potentially historic moment with the first Ethereum Futures ETF in the US. Volatility Shares, a pioneer in the ETF space, has announced its intention to launch the Ether Strategy ETF (Ticker: ETHU) on…
Bitcoin Price Key Indicators Suggest A Strong Case For More Losses
[Aug 15, 2023 9:54 PM] Bitcoin price moving lower below the $29,500 zone. BTC remains at risk of more downsides below the $29,000 support zone. Bitcoin is still trading well below the $29,650 resistance zone. The price is trading below $29,300 and the 100 hourly Simple…
This Dreaded Candlestick Formation Just Printed: Bitcoin To $18k?
[Aug 15, 2023 6:00 PM] Bitcoin, the most valuable crypto asset, is at a critical juncture at spot rates if candlestick formation in the weekly chart is anything to go by. One analyst on X, formerly Twitter and NewsBTC Editorial Director Tony Spilotro, is sounding the…
Will Bitcoin Price Crash Similarly To 2019 And 2020?
[Aug 15, 2023 5:00 PM] Bitcoin price has mostly maintained the $29,000 level for the better part of the week. This points to low activity and momentum in the market, as well as a reluctance to engage in the digital asset at this point. One reason for this reluctance is…
Digital Energy Council Launches Championing Synergy Between Energy and Bitcoin & Crypto Mining
[Aug 15, 2023 3:00 PM] Today, Digital Energy Council (DEC), the first member association focused solely on the intersection of energy security and digital asset mining, has officially launched, according to a press release sent to Bitcoin Magazine. The…
Altcoin Plunge Leads Crypto Lower; Bitcoin Slips 0.7% to $29,150
[Aug 15, 2023 2:44 PM] A sharp mid-afternoon selloff upended what had been a quiet Tuesday in cryptocurrencies.
Renowned Finance Author Says Bitcoin Price Will Reach $1 Million If This Happens
[Aug 15, 2023 1:00 PM] Bitcoin’s creator, Satoshi Nakamoto, created Bitcoin in response to the 2008 financial crisis as an alternative to government-controlled money. Since then, Bitcoin has gone to spearhead the crypto industry, with many investors calling it…
This Event Causes Bitcoin Traders’ Sentiment To Rise, Will BTC Surpass $30,000?
[Aug 15, 2023 12:00 PM] The Bitcoin price continues to compress around its current levels, but during today’s trading session, there was an uptick in volatility. The rise in this metric could hint at a shift in the narratives influencing BTC’s price action. As of this…
The Subtle Signs A Bullish Bitcoin Trend Is Brewing
[Aug 15, 2023 11:05 AM] Bitcoin price remains stagnant for going on months now, with no clear trend developing and volatility in a downward spiral. However, some subtle signs are popping up that could suggest that a bullish Bitcoin trend is beginning to take shape. Make…
Crypto Crashes and Climate Chaos: FDIC Highlights Key Banking Risks in 2023
[Aug 15, 2023 10:30 AM] The U.S. Federal Deposit Insurance Corporation (FDIC) flagged escalating risks from cryptocurrencies in its annual review of risks facing the banking industry. FDIC: Cryptos and Climate Top Risk List for Banks in 2023 Cryptocurrencies present…
BTC price can reach $34K as Bitcoin faces support 'kiss' — QCP Capital
[Aug 15, 2023 9:45 AM] Bitcoin lacks major volatility catalysts, but a classic support bounce could spark the return of the highest BTC prices in over a year, analysis predicts.
Perfect storm for undervalued ASICs: Blockstream plans $50M raise to buy miners
[Aug 15, 2023 8:00 AM] Blockstream intends to buy and store ASIC mining hardware ahead of Bitcoin’s halving in 2024.
Bitcoin, Ethereum Technical Analysis: BTC Unmoved by Better Than Expected US Retail Sales Data
[Aug 15, 2023 7:15 AM] Bitcoin mostly consolidated on Tuesday, as traders anticipated the release of July’s retail sales data from the United States. Sales rose by 0.7%, better than the 0.4% expected, and this comes following a 0.2% increase in June. Ethereum also…
Low Bitcoin Volatility Mirrors 2016: A Bullish Breakout On The Horizon?
[Aug 15, 2023 5:50 AM] In today’s micro update from Capriole, founder Charles Edwards presented a compelling analysis that draws parallels between the current low volatility of Bitcoin and its historical behavior in 2016. With Bitcoin’s price stagnating around the…
BTC price won’t hit $100K before 2024 halving — Bitcoin investment exec
[Aug 15, 2023 4:29 AM] Bitcoin halving data will not be reflected in the market for a year or more, says Jesse Myers.
The Secular Investment Case for Bitcoin and Crypto Adoption Remains Intact: Coinbase
[Aug 15, 2023 4:14 AM] The combined effect of expansionary fiscal and monetary policies should support bitcoin long term as a hedge against fiat debasement and profligate spending, the report said.
Bitcoin Prediction: Crypto Analyst Forecasts New ATH by 2024 – Can It Happen?
[Aug 15, 2023 3:40 AM] On August 14, Kevin Kelly, Co-founder of prominent crypto research firm Delphi Digital provided some interesting insights on Bitcoin and the crypto market in general. According to Kelly, the crypto market moves in consistent cycles, and we are…
Bitcoin Price Relatively Muted – What Could Trigger A Sharp Decline?
[Aug 14, 2023 9:57 PM] Bitcoin price is still struggling below the $29,650 zone. BTC could gain bearish momentum if there is a close below the $29,100 support. Bitcoin is showing a few bearish signs below the $29,650 zone. The price is trading below $29,400 and the 100…
Bernstein Predicts Spot ETFs Could Claim 10% Of Bitcoin’s Market If Greenlit
[Aug 14, 2023 7:00 PM] According to Bloomberg, a recent research report from Sanford C. Bernstein has shed light on the potential impact of Exchange Traded Funds (ETFs) on the Bitcoin market dynamics. Potential Surge In Bitcoin Market Value Sanford C. Bernstein’s…
Robert Kiyosaki Recommends Buying Silver Before It’s Gone
HarryPotterObamaSonic10Inu Casts Spell On The Memecoin Sector And Soars 26%, Which Token Will Follow?
[Aug 14, 2023 6:00 PM] While Bitcoin and the crypto market experienced, HarryPotterObamaSonic10Inu and the memecoin sector are blooming. Recent data points to double-digit gains across the board for these assets, with the potential for further profits if Bitcoin and…
Bitcoin Price Supported By Thin $40 Million Bid Pool, But For How Long?
[Aug 14, 2023 5:00 PM] In the ongoing market turbulence on higher timeframes, Bitcoin (BTC) is at a crucial juncture as a great consolidation phase persists. Research and analysis firm Material Indicators closely monitored the recent weekly candle close/open, paying…
Bitcoin Price Outlook for August
[Aug 14, 2023 3:00 PM] Aside from last week’s move above $30,000, bitcoin has mostly consolidated below this level for the majority of August. Market volatility has eased, seemingly as a result of lower trading volumes due to the summer period. Despite this…