Despite concerns about current economic factors and Market trends suggesting a potential setback for Bitcoin, the buying activity of major investors, known as “whales,” is painting a more positive picture. Since March 11, these whales have accumulated over 129,000 BTC, valued at approximately $11.2 billion, marking the highest accumulation rate since August 2024. This uptick ...
Bitcoin’s recent correlation with the NASDAQ 100 has reached 70%, indicating increased sensitivity to broader economic factors. Analysts from Matrixport express concerns that this high correlation might not last, suggesting a possible divergence from tech stocks soon. Meanwhile, the impending movement of $1 billion in Bitcoin from the defunct Mt. Gox exchange could add downward ...
Bitcoin is currently trading at around $84,100, stuck in a tight range as it battles between buying and selling pressures. After experiencing a significant drop from its all-time high of over $90,000, BTC is looking for direction. Analysts suggest that a critical level to watch is $87,300; if bulls can reclaim this area, it may ...
Bitcoin’s bullish positions on the Bitfinex exchange have recently surged to a six-month high, with leveraged positions hitting 80,333 BTC, valued at around $6.92 billion. This growth, a 27.5% rise in margin longs since mid-February, raises concerns about the sustainability of Bitcoin’s price increase. Despite this optimism, historical data shows that high leveraged positions do ...
Bitcoin investors are trying to recover from four straight Mondays of losses. Recently, the largest cryptocurrency has faced sharp price swings influenced by factors like geopolitical issues and rising bond yields. Data shows that Mondays and Thursdays have been particularly tough, with Sundays being the worst day overall, often seeing an average decline of 1%. ...
Bitcoin may see a price rebound this Friday as the U.S. debt suspension period ends, potentially bringing in new liquidity to the Market. After hitting a $36 trillion debt ceiling, Bitcoin has dropped 22% over the last two months. Analysts suggest that increased government spending could boost demand for assets like Bitcoin and stocks, possibly ...
Bitcoin recently dropped to a four-month low of $76,700, influenced by a significant decline in the S&P 500 index. Despite this 30% drop from its peak of $109,350, indicators suggest the correction may be nearing an end. While some analysts claim Bitcoin is in a bear Market, current trends differ from the drastic declines seen ...
Bitcoin’s recent drop to around $80,708, falling more than 14% in a week, has raised concerns among investors about a possible bear Market. However, experts like Aurelie Barthere from Nansen suggest that this decline is part of a “macro correction” within a longer-term bull Market. Predictions indicate Bitcoin could retrace to the $70,000 mark, seen ...
Bitcoin (BTC) has seen an 11.3% decline over the past week, currently trading around $80,000. This drop has pushed the cryptocurrency below the important 200-day moving average, raising concerns about a deeper setback. Analyst Ali Martinez notes that BTC needs to stay above $79,280 to potentially rebound. Historical patterns show that BTC often corrects 25% ...
Swan Bitcoin CEO Cory Klippsten believes there is a good chance Bitcoin could reach its all-time high of $109,000 by June. However, he notes that the Market needs time to cope with the current uncertainties, including US tariffs and inflation concerns. As of now, Bitcoin is trading around $88,210, down almost 5% in recent days. ...
