The recent decline of Bitcoin from its all-time high in March has caused a shift in sentiment among crypto traders. The enthusiasm for buying the dip at the $60,000 price mark seems to be fading according to Santiment, a crypto analytics platform. This could be signaling that Bitcoin is approaching a bottom, based on historical
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The recent stagnation in the price of Bitcoin has raised concerns among investors, with the premier cryptocurrency losing support at the $60,000 level. This slowdown in price movement is not the only cause for worry, as data from Santiment indicates that on-chain activity on the Bitcoin network has also witnessed a significant decline in recent
In a surprising move, JP Morgan and Wells Fargo, two major players in the US financial sector, have recently disclosed their investments in Spot Bitcoin ETFs. This announcement marks a significant shift in their previous cautious stance towards cryptocurrencies. Despite the ongoing downturn in the crypto market, with Bitcoin’s price hovering just above $60,000, these
Former President Donald Trump has surprised many by voicing strong support for Bitcoin and cryptocurrencies, marking a significant departure from his previous skepticism. In a recent video that has been circulating among crypto enthusiasts and investors, Trump’s pro-crypto comments have sparked speculation about the potential implications for Bitcoin and other digital currencies as the US
The movement and accumulation from crypto whales have always been viewed as catalysts for Bitcoin price increases. However, recent on-chain data suggests a general waning accumulation momentum among major whales. Despite whales still buying the dip, the declining whale accumulation volumes over the past month raise concerns among investors, especially as Bitcoin struggles to hold
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 (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