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Bitcoin Price Surges Past $71,000: 4 Key Reasons Behind The Rally

[Mar 26, 2024 2:05 AM] The Bitcoin price has soared past the $71,000 mark. In the past 24 hours alone, the price of Bitcoin surged by 6.5%, climbing from just below $65,500 to reach $71,491. This remarkable rally can be attributed to a combination of factors that have…

Bitcoin Top In Yet? What The Legendary MVRV Ratio Says

[Mar 25, 2024 3:00 PM] Here’s what the latest trend in the Bitcoin Market Value to Realized Value (MVRV) ratio suggests about where the market is currently in terms of a top. Bitcoin MVRV Ratio Has Seen A Decline To The 2.34 Level According to data from the market…

Bitcoin Long-Term Holders & Price Top: Glassnode Reveals Pattern

[Mar 22, 2024 6:30 PM] The on-chain analytics firm Glassnode has explained that Bitcoin tends to reach a potential top when the long-term holders show this pattern. Bitcoin Long-Term Holders Have Been Ramping Up Distribution In a new report, Glassnode discussed the…

This Bitcoin Halving May Not Result In Supply Squeeze: Glassnode

[Mar 22, 2024 10:00 AM] Glassnode has suggested that the upcoming Bitcoin halving might not result in a supply squeeze that the market may have anticipated. Bitcoin Halving May Not Carry Same Impact Due To Spot ETFs In a new report, the on-chain analytics firm Glassnode…

Bitcoin Price Reclaims $66,000 Despite 4-Day ETF Outflow Streak

[Mar 22, 2024 2:15 AM] Despite a continuous four-day streak of net outflows from Bitcoin spot exchange-traded funds (ETFs) totaling $93.85 million, the Bitcoin price has impressively climbed to reclaim the $66,000 mark. According to data from Farside Investors, Grayscale…

Don’t Panic: The Bitcoin Bull Market Is Far From Over, Quant Says

[Mar 21, 2024 11:00 AM] Amidst the recent Bitcoin pullback from its previous all-time high above $73,000, Ki Young Ju, the founder and Chief Executive Officer (CEO) of Crypto Quant, reassures the broader crypto community that the BTC bull market is far from over.  Bitcoin…

Bitcoin Traders Capitulate: Here’s What Happened Last 2 Times

[Mar 21, 2024 7:00 AM] On-chain data shows the Bitcoin investors have been capitulating recently, a sign that FUD has been gripping the market. Bitcoin Total Amount Of Holders Has Seen A Drop Recently According to data from the on-chain analytics firm Santiment, the…

Why Is Bitcoin Price Up Today? Key Reasons Explained

[Mar 21, 2024 3:40 AM] Within the last 24 hours, the market witnessed a significant rally in the Bitcoin price, which soared by 10% from a daily low of $60,805 to a peak of $68,250. This remarkable price movement can be attributed to several key factors, including…