3 reasons why Bitcoin analysts think a BTC price ‘cycle top’ is in
[Jul 2 4:00 PM] Capriole Investments founder Charles Edwards says that multiple onchain metrics point to a “sign of weakness” in Bitcoin price.
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Bullish Reversal For Bitcoin? Retail Investors Flood Back As New Addresses Reach 4-Month Peak
[Jul 2 3:30 PM] Recently, the price of Bitcoin (BTC) has entered a consolidation phase, fluctuating between $61,000 and $62,000 after a brief drop to $58,000 on June 24. While retail investors have shown renewed interest alongside institutional counterparts, the…
Will Bitcoin Beat The Odds And Fly To $300,000 By 2025?
[Jul 2 2:00 PM] At press time, Bitcoin is within a bullish formation and firm, rejecting attempts for lower lows despite slumping by roughly 20% in June. Though there is hope that prices will trend higher in June, one analyst thinks BTC is walking on a tightrope…
Bitcoin Miners Slow Down Selling In July, What This Could Mean For Price
[Jul 2 12:30 PM] On-chain data shows that selling pressure from Bitcoin miners has recently slowed down. This is significant considering the impact it could have on Bitcoin’s price heading into the third quarter of the year. Bitcoin Miners’ Selling Pressure Has…
Matrixport Co-Founder Says Crypto Market Mirrors Early June: What This Means
[Jul 2 11:00 AM] In a recent commentary on X, Daniel Yan, co-founder of Matrixport and CIO at Kryptanium Capital, offered a detailed comparison between the current crypto market dynamics and those observed in early June. His insights are especially relevant as the…
Over 50% of US hedge funds have exposure to Bitcoin as BTC crushes stocks in 2024
[Jul 2 10:16 AM] Millennium Management, holding 27,263 BTC worth $1.69 billion, has allocated about 2.5% of its $67.7 billion in total assets under management to Bitcoin.
LAPD Investigates $579,000 Bitcoin ASIC Miner Theft, Suspect Released
[Jul 2 8:30 AM] According to the Los Angeles Police Department (LAPD), a 26-year-old man was arrested and charged with stealing $579,000 worth of application-specific integrated circuit (ASIC) bitcoin miners. Local reports confirmed that the man has been released…
Bitcoin Bull Run Tied To Economic Echoes Of The 1930s-1970: Arthur Hayes
Crypto ‘relief rally’ may be just beginning with sellers exhausted
[Jul 1 11:57 PM] The crypto market could bounce back this month after a rocky June, with stablecoin outflow from exchanges showing slowing selling pressure.
Crypto Analyst Predicts 45% Drop For Bitcoin, But Says It Won’t Go Below This Level
[Jul 1 10:30 PM] Bitcoin has been in a notable state of flux recently after recovering from the crash below $60,000 and establishing support above $61,000. However, with the pioneer cryptocurrency failing to completely beat important resistance points such as…
Bitcoin Q3 Rally Possible As Miner Selloff Finishes, Quant Says
[Jul 1 9:30 PM] A quant has explained how a rally could be possible for Bitcoin in this third quarter of 2024 as miner selling pressure has disappeared. Bitcoin Miners Appear To Have Stopped Their Selling In a CryptoQuant Quicktake post, an analyst has talked…
Bitcoin Price Challenge: Can It Break Through and Resume Climbing?
[Jul 1 8:46 PM] Bitcoin price recovered and tested the $63,650 resistance zone. BTC is now consolidating gains and might make another attempt to surpass $63,650. Bitcoin started a decent increase above the $62,500 and $63,000 levels. The price is trading above…
Bitcoin Begins Month With A Rebound As Metaplanet’s BTC Investment Tops $10 Million
[Jul 1 6:30 PM] In a move indicative of growing corporate confidence in Bitcoin, Tokyo-listed Metaplanet has once again increased its BTC reserves, with a recent acquisition pushing its total holdings past the $10 million mark. This purchase coincides with…
Market Analysts Eye July for Potential Big Wins in Bitcoin and Ethereum — Here’s Why
[Jul 1 5:30 PM] In the financial market, historical trends often offer a glimpse into potential future outcomes and so far, July has historically been a strong month for both Bitcoin and Ethereum, and analysts are eyeing this pattern to predict another fruitful…
Dave Portnoy’s Crypto Advice: Stick to Bitcoin — Says ‘I’ve Learned That the Hard Way’
Bitcoin Analyst Says Coin Overvalued: Why Is This BTC Chart Super Bullish?
[Jul 1 4:00 PM] Bitcoin is trending higher at spot rates, breaching $63,000 on June 30 before recoiling. Even though momentum is building, the action of the coin’s price is a source of debate. Still, some are doubtful, thinking there is reason for a possible…
Tokyo Stock Exchange-Listed Metaplanet Boosts Bitcoin Holdings
[Jul 1 3:46 PM] Metaplanet, listed on the Tokyo Stock Exchange under the ticker 3350, announced on July 1 that it has made an additional bitcoin purchase. Following the company’s disclosure on June 24 about plans to acquire BTC worth 1 billion yen ($6.2…
Bitcoin Bulls Advance Price, Face Resistance at $64K
[Jul 1 2:34 PM] The price of bitcoin (BTC) hit an intraday peak of $63,794 on Monday, reflecting a 2% gain against the U.S. dollar in the past 24 hours. Currently, BTC is trading at $63,070 per unit. The day’s upward movement led to $124.64 million in…
Mt. Gox’s Bitcoin Dump: How Will The $9 Billion Sell-Off Affect BTC’s Price?
[Jul 1 1:00 PM] Defunct Bitcoin exchange Mt. Gox has finally announced the final date to begin refunding Bitcoin and Bitcoin Cash (BCH) to affected customers, starting as early as this week. This eagerly awaited announcement has raised concerns within the…
Bitcoin Investors Place $500 Million In Spot BTC Bids Below Market Price
Market Confidence Could Quickly Crumble, BIS Warns Indebted Nations
[Jul 1 5:53 AM] BIS, the umbrella body for central banks highlights, highlights risks from mounting fiscal debt worldwide and premature rate cuts.
Bitcoin Technical Analysis: BTC Bulls Test Upper Resistance
Bitcoin Nears $64,515 Resistance: Will A Breakthrough Ignite A Bullish Run?
[Jul 1 5:30 AM] Bitcoin (BTC) is on the brink of a significant price movement as it approaches the crucial resistance level of $64,515. The cryptocurrency asset has been experiencing an upward trend, gaining momentum and investor confidence. Breaking through this…
Bitcoin Price Blasts Past $63,000: Top 3 Reasons
[Jul 1 2:10 AM] Over this past weekend, Bitcoin (BTC) experienced a significant rally, pushing its price above $63,000—an increase of 5.6% since hitting a low below $60,000 on Friday. This unexpected surge occurred despite a lack of major news triggers, leading to…
Bitcoin's Potential Rebound May Face Resistance at $65K, OnChain Analysis Shows
[Jul 1 12:45 AM] Short-term holders wallets sitting on loss may liquidate holdings near $65,000, capping a renewed upswing in bitcoin's price.
Bitcoin Price Spikes 5%, Can BTC Bulls Take Back Control?
[Jun 30 9:15 PM] Bitcoin price is up nearly 5% and there was a move above $62,500. BTC is now testing the $63,500 resistance zone with a positive angle. Bitcoin started a decent increase above the $62,200 and $62,400 levels. The price is trading above $62,500 and…
The Six-Digit Struggle: What if Bitcoin Falls Short of $100K?
[Jun 30 9:15 AM] As bitcoin continues to lead the cryptocurrency market, its notable climb beyond previous peaks has drawn the interest of investors and supporters alike. The dominant cryptocurrency’s latest performance suggests it might approach a triple…
Bitcoin Remains Bullish As New BTC Addresses Surge To New 2-Month Highs
[Jun 30 8:30 AM] June was much rougher for Bitcoin than many expected at the beginning of the month. This is because the price of Bitcoin virtually declined throughout the month, leaving many investors, especially short-term holders, disappointed. However, despite…
Bitcoin Miners See 100 EH/s Exit Network as Prices and Revenues Fall
[Jun 29 11:03 AM] With bitcoin’s price declining 5% over the past week, miners have been experiencing reduced revenue as the hashprice has dropped to a level not seen since May. Currently, the hashprice, which is the estimated daily value of 1 petahash per…
Several Sleeping Bitcoin Wallets Reactivate After Years of Inactivity
[Jun 29 10:20 AM] According to data, several longtime holders have recently reactivated wallets containing hundreds of bitcoins for the first time in years. One inactive address, created on April 1, 2013, transferred 126.65 BTC valued at $7.63 million, marking its…