The Bitcoin Market is showing renewed strength as its price climbs above $90,000, recently peaking at $94,320 before settling at $93,473, reflecting a 3.1% daily increase. Key insights from analyst Crazzyblockk indicate that a rise in aggressive buying on Binance is significantly influencing Bitcoin’s short-term direction. The taker buy/sell ratio on the exchange has risen, ...
Bitcoin enthusiasts are marking one year since the 2024 halving, an event that cut Bitcoin rewards from 6.25 to 3.125 BTC, halving new coin supply. Despite concerns over a global trade war, Bitcoin’s value has surged over 33% since April. Analysts suggest that increased institutional investment and the impact of Bitcoin ETFs could lead to ...
Recent data shows that spot Bitcoin exchange-traded funds (ETFs) faced significant outflows of $872 million between April 3 and April 10, sparking concerns about dwindling interest in Bitcoin. Despite Bitcoin’s price remaining stable around $83,000, this lack of volatility may indicate maturation as an asset. However, compared to gold, which has risen substantially this year, ...
Bitcoin spot exchange-traded funds (ETFs) have faced significant outflows amounting to $595 million between March 28 and April 8, despite Bitcoin’s surge to $82,000 on April 9. The ongoing global trade war and fears of an economic recession are leading investors to favor safer assets, causing continuous withdrawals even after some tariffs were lifted. Market ...
The crypto trading scene has become unpredictable due to President Donald Trump’s fluctuating tariff announcements. Amid this chaos, traders are advised to focus on Market trends rather than the noise. In the case of Bitcoin, recent price movements suggest a bullish trend, highlighted by a double bottom pattern that indicates a potential upward shift. After ...
Bitcoin prices are facing pressure, reminiscent of the downturn in 2022. Yet, for the first time in nearly a year, large investors, known as whales, are starting to buy Bitcoin. These whales, who own at least 10,000 BTC, are accumulating more as prices hover just above $80,000, according to recent data. Despite the renewed buying ...
Investors are eager to know if bitcoin has hit its lowest point after a lengthy decline. Recent trends indicate that bitcoin may have found support just above $76,000 on March 10, creating a pattern seen during past recovery phases. Following a significant drop from its peak of $109,000 in January, bitcoin showed an upward trend, ...
A recent report from Fidelity Digital Assets raises questions about Bitcoin’s future price movements. Analyst Zack Wainwright suggests that Bitcoin may still be in an “acceleration phase,” which is known for high volatility and potential profits, similar to its rise above $20,000 in late 2020. Although Bitcoin is currently down from its all-time high and ...
Bitcoin’s recent price recovery appears to be losing momentum as a double top bearish reversal pattern emerges on short-term charts. After reaching a peak near $87,400 last week, Bitcoin’s price fell back to around $84,000 before attempting another rise above $87,000 but then stalled again. This pattern suggests a potential end to its upward trend, ...
In the fourth quarter of 2024, Bitcoin mining revenues reached $3.7 billion, a significant 42% increase from the previous quarter. This growth suggests miners are adjusting to the reduced rewards after the Bitcoin network’s halving in April 2024, which cut mining rewards in half. Though the mining landscape is stabilizing, potential trade wars could impact ...
