Bitcoin’s recovery rally is drawing attention to the $90,000 price level, which could trigger significant Market movements. This is largely influenced by the positioning of Market makers in the options Market, who provide liquidity and aim for a neutral Market exposure by hedging their positions. Currently, Market makers are “short gamma” at the $90,000 strike, ...
In a recent video analysis, Matt Crosby from Bitcoin Magazine Pro examines the potential for Strategy’s stock (formerly MicroStrategy) to reach or exceed $1,000. Under Michael Saylor’s leadership, Strategy has accumulated over 500,000 BTC, making it a key player in the Bitcoin Market. The new Treasury Analytics dashboard from Bitcoin Magazine Pro offers insights into ...
According to Standard Chartered analyst Geoff Kendrick, Bitcoin’s price closely mirrors that of tech stocks like those in the Nasdaq, suggesting investors should view it as a tech asset rather than a classic hedge against Market volatility. Kendrick created a “Mag 7B” index, swapping Tesla for Bitcoin, and found that including Bitcoin since 2017 would ...
Bitcoin’s price has mostly been stable over the past week, briefly reaching $87,000 on March 20. However, on-chain data indicates that this stagnant Market could face downward pressure soon. An analyst named EgyHash highlighted a rise in Bitcoin whale activity on centralized exchanges, which may affect the cryptocurrency’s price. The “Exchange Whale Ratio,” measuring the ...
Bitcoin is currently facing short-term fluctuations, trading around $83,239, which is down 2.2% in the last day and significantly below its peak of over $109,000. Analysts believe there are signs of potential Market recovery, especially as stablecoin supply grows. Crypto expert Dan suggests that an increase in stablecoins indicates that investors may be preparing to ...
Bitcoin is facing short-term volatility while trying to break above a key resistance point at $90,000. Currently trading around $83,239, it’s down 2.2% in the last 24 hours and almost 23% below its all-time high of over $109,000. However, analysts see potential signs for a Market rebound, particularly noting the increasing supply of stablecoins, which ...
Bitcoin recently reached an all-time high of over $109,000 but has since dropped about 25% to around $82,000. This decline has raised concerns among investors who once expected significant gains with pro-crypto policies from the Trump administration. Historical trends show that Bitcoin’s price has experienced more severe swings in the past, and long-term holding has ...
Recently, Bitcoin traded around $84,000, with a notable whale exiting a large short position. Positive performances from smaller cryptocurrencies like CAKE, TKX, and OKB contributed to Market optimism. The SUI token struggled to sustain a previous surge tied to institutional interest in potential ETF filings with the SEC. While some analysts speculate that the Bitcoin ...
The Bank of Korea has confirmed that it will not add Bitcoin to its foreign exchange reserves due to concerns over its price volatility, which could create high transaction costs when converting it to cash. Additionally, Bitcoin does not meet the International Monetary Fund’s guidelines for managing foreign exchange reserves. In contrast, the United States, ...
As Market fears rise with the Nasdaq and S&P 500 entering correction territory, investors are questioning the stability of cryptocurrencies like Bitcoin and XRP during a potential Market crash. Historically, both assets fell sharply during the 2020 coronavirus crash but eventually recovered. Bitcoin tends to be viewed as a long-term store of value, while XRP’s ...
