Spot Bitcoin ETFs have recently been experiencing a worrying trend of outflows for seven consecutive days. These outflows seem to be directly correlated with the decline in the Bitcoin price, indicating that institutional and miner sell-offs could be driving the downward pressure. The outflows have amounted to around $100 million daily, resulting in a total
Bitcoin
The once high-flying crypto market is now facing a period of uncertainty as Bitcoin, the dominant force in the digital landscape, leads the way in a significant retreat. After reaching dizzying heights above $73,000 earlier this year, Bitcoin has taken a sharp downturn, pulling the entire crypto ecosystem along with it into a cold and
Anthony Scaramucci, the founder of SkyBridge Capital, recently made bold predictions about the future of Bitcoin. He stated that if his preferred presidential candidate, Joe Biden, wins the reelection, Bitcoin could reach new all-time highs. Scaramucci believes that the market will see Bitcoin rise to between $170,000 and $250,000 during a second Biden administration. Despite
Bitcoin is currently facing a significant decline in its price, approaching the critical $60,000 mark. The market sentiment has turned bearish due to a combination of macroeconomic factors and increased selling pressure. This shift has caused anxiety among investors and traders as Bitcoin struggles to maintain higher levels. Analyzing Bitcoin’s current price action on the
The price of Bitcoin is facing a potential downturn, with a possibility of dropping to as low as $52,000. This forecast comes from a crypto analyst, Justin Bennett, who highlighted the breaking of key support levels as a crucial indicator of a shift from a bullish to a bearish position. The current price trend shows
The recent performance of the Bitcoin price over the last week has left much to be desired, with the leading cryptocurrency facing challenges once again. This downward trend has not been unique to Bitcoin alone, as many other large-cap assets have also experienced significant losses during this period. The data from recent price action indicates
Bitcoin, the leading cryptocurrency, has faced a recent decline in price, dropping below the $64,000 mark. This downward trend has sparked significant discussion within the crypto community. Notably, Arthur Hayes, co-founder of BitMEX, remains bullish on Bitcoin despite the current market conditions. Hayes attributes this optimism to his analysis of global economic conditions and central
The recent Bitcoin price crash below $66,000 has sent shockwaves through the market, resulting in over $90 million in liquidations within a 24-hour period. Despite the substantial drop, analysts are warning that the worst may not be over just yet. Crypto analyst Ali Martinez has expressed a bearish outlook, suggesting that Bitcoin could still see
Travis Kling, Founder and Chief Investment Officer of Ikigai Asset Management, provided his insights on the current state of Bitcoin and the broader cryptocurrency ecosystem. According to Kling, Bitcoin is approximately 10% off its all-time highs, with a timeline that seems to be on the verge of cannibalism. Despite the NASDAQ surging 16% since April
In the midst of significant turbulence within the cryptocurrency market, investors are turning to Bitcoin as a safe haven asset. This shift in behavior has led to Bitcoin’s dominance reaching a nine-week high of 57%, highlighting the increasing preference for the leading cryptocurrency amidst market chaos. As investors seek stability in uncertain times, altcoins are