Bitcoin, as the leading cryptocurrency in the market, continues to face challenges in reaching the anticipated milestone of $100,000. Despite the introduction of spot Bitcoin Exchange-Traded Funds (ETFs), the price surge remains elusive. Charles Edwards from Capriole Investments highlighted the obstacles hindering Bitcoin’s growth, particularly the selling off of Bitcoin by long-term holders. This trend
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Philip Swift, the creator of LookIntoBitcoin, recently pointed out the substantial increase in global liquidity, reaching a new all-time high (ATH). Swift emphasized the critical nature of this indicator in predicting Bitcoin’s surge in the current bull market. According to Swift, global liquidity is the most important chart to monitor during this bull run, as
The recent surge in Bitcoin’s price to $70,000 has once again piqued the interest of investors, sparking conversations about the future price outlook. Long-term holders have seen their investments move into the profit zone, fueling a sense of optimism in the market. The return of the Coinbase premium, a key indicator for US-based investors, has
Bitcoin long-term holders have once again found themselves in a profitable position due to the recent surge in the cryptocurrency’s price. According to Glassnode, long-term holders (LTH) hold over 85% of the Bitcoin supply in profit. This is a significant shift from short-term holders who are still facing losses from their Bitcoin holdings. Short-term holders
The recent surge in US spot Bitcoin Exchange-Traded Funds (ETFs) has garnered significant attention, with 17 consecutive days of net additions being recorded. On a particularly remarkable Tuesday, these ETFs experienced inflows totaling $886.6 million, marking it as the second-highest single-day influx since their inception. Following this, another substantial day of inflows occurred, reaching $488.1
In a recent report published by Raoul Pal, Co-Founder of Exponential Age Asset Management (EXPAAM), it was revealed that Bitcoin, Ethereum, and Solana have been consistently outperforming traditional assets like Gold. These digital assets have shown annualized returns of 141%, 152%, and 224% respectively, compared to the best traditional asset with an annualized return of
Bitcoin, the mysterious digital currency, has once again captured the attention of investors as the US banking system faces increasing turmoil. Proponents of Bitcoin argue that its finite supply and decentralized nature make it a stable asset in times of financial uncertainty. They believe that Bitcoin could serve as a safe haven for investors looking
The cryptocurrency market is brimming with anticipation as experts project an upcoming bull run. Among those voicing their predictions is Crypto Emily, an analyst who has shared her insights on the potential prices of six major cryptocurrencies. Starting with Bitcoin, Crypto Emily boldly asserts that the leading cryptocurrency could surge to an impressive $100,000. This
Venture capitalist and billionaire investor, Chamath Palihapitiya, has made an ambitious prediction regarding the future price of Bitcoin. He believes that Bitcoin could potentially increase in value to an unprecedented $500,000. This forecast is based on Bitcoin’s fourth halving cycle, which took place on April 20, 2024. Analysis of Historical Halving Cycles Palihapitiya’s prediction is
Despite the recent decline in Bitcoin’s price below $70,000, crypto analyst Peter Brandt maintains an optimistic outlook for the pioneer cryptocurrency. Brandt predicts that the price of Bitcoin could reach its peak soon, with an expected surge between the range of $130,000 to $150,000. He foresees Bitcoin’s peak to occur in 2025 between late August