The recent price action of Bitcoin has raised concerns among institutional investors, leading to a wave of massive outflows from Bitcoin investment products. CoinShares reported that Bitcoin investment funds recorded an outflow of $284 million last week, with most of the outflows coming from US Spot Bitcoin ETFs. This significant outflow is a clear indication
Bitcoin
Bitcoin (BTC) has recently seen a price slowdown, with the price hovering above $60,000. This stagnation in price movement can be attributed to a decrease in demand for the Spot Bitcoin ETFs. Initially, the Spot Bitcoin ETFs experienced significant net inflows in the first quarter of their launch, leading to a notable rally in Bitcoin’s
Cryptocurrency analyst and trader Rekt Capital recently shared an interesting insight about Bitcoin’s price trend. He highlighted how the current movement of the crypto asset mirrors a historical price action that occurred during a bull cycle eight years ago. This revelation indicates the potential for significant growth in the coming months, drawing parallels to the
Bitcoin, the leading cryptocurrency, has once again proven its resilience in the market by bouncing back above the $60,000 zone after experiencing a significant decline. As the bulls gather momentum, there is a growing anticipation for a potential crypto bull run. Renowned analyst and market expert Peter Brandt has voiced his support for Bitcoin, predicting
The recent fluctuations in the Bitcoin price have been nothing short of dramatic. After dropping below the $60,000 mark for the first time in almost two months, Bitcoin made a strong comeback on Friday, reaching as high as $63,000. This resurgence has sparked a shift in investors’ position and sentiment, with traders on the Binance
In the world of cryptocurrency analysis, MilkyBull has been making waves with his recent insights into Bitcoin’s price trajectory. His analysis goes beyond just the surface level, delving deep into the subtleties of Bitcoin’s movement to forecast potential scenarios that could impact investor sentiment. According to MilkyBull, the market is poised to experience heightened fear
The recent drop in Bitcoin’s price below the $59,000 support level has caused concern among cryptocurrency investors. This price decrease led to approximately $120 million in liquidated long positions, indicating a shift in market sentiment. While past selloffs at this level have resulted in panicked selling, the current situation seems different. Investors appear to be
As the Bitcoin price continues to fluctuate below $60,000, there is a heightened focus on key support levels that could determine the future trend of the cryptocurrency. Crypto analyst Norok emphasized the significance of the $51,800 support level in maintaining Bitcoin’s bullish momentum. This level, previously observed in December 2023, has become a crucial point
Bitcoin has recently broken below the $60,000 support level for the first time in two months. This comes after a period of euphoria surrounding the world’s largest digital asset, particularly following the launch of Spot Bitcoin ETFs in the US market. According to a report from Glassnode, an on-chain analytics firm, the euphoria phase that
Bitcoin (BTC) has recently experienced a notable drop, plummeting to $56,556 in European markets on a Wednesday morning. This decline represents the steepest monthly decrease since November 2022, with BTC falling approximately 7.5% within the past 24 hours and breaking through the previously stable support level of $60,000. Financial markets are now on edge as