Bitcoin started off the year 2024 on a high note, soaring by a remarkable 73% in the first quarter and hitting a new all-time high price of $73,750. Despite a subsequent dip in value due to volatile price movements, the biggest stakeholders in the Bitcoin market have been consistently accumulating the cryptocurrency over the course
Bitcoin
Recently, short-term Bitcoin holders have been actively accumulating over 1.2 million BTC since December 2023, according to Glassnode. This surge in accumulation has caught the attention of many investors, especially considering the launch of Spot Bitcoin ETFs in the US. While the majority of Bitcoin accumulation has historically been attributed to long-term holders and whales,
Cryptocurrency analyst PlanB has made a bold prediction that Bitcoin will reach $100,000 by the end of this year. Despite the current bearish sentiments surrounding the flagship cryptocurrency, PlanB remains confident in his analysis. In a recent video on his YouTube channel, he stated that he believes Bitcoin hitting $100,000 is “inevitable.” Not only that,
The recent decline in Bitcoin’s price, dropping below $67,000, has sparked concern among investors. However, crypto analyst Michael van de Poppe sees this as a perfect opportunity for the crypto community to buy more Bitcoin. He believes that the current dip presents a chance to acquire BTC at a lower price, which could be beneficial
Recent on-chain data reveals that Tether, the world’s largest stablecoin issuer, has added a substantial amount of Bitcoin to its holdings. The purchase of 8,888 Bitcoin on March 31 has raised Tether’s total BTC holdings to almost 75,400. This move has positioned Tether as one of the biggest Bitcoin holders in the market, surpassing even
The focus in the cryptocurrency market has primarily been on Bitcoin, especially with the upcoming Bitcoin Halving. Market analysts are predicting further upside moves for the flagship crypto token. However, crypto analyst Jason Pizzino has recently presented a compelling case for altcoins like Ethereum (ETH) and Solana (SOL) and why investors should pay attention to
The recent flash crash in Bitcoin’s price has sent shockwaves throughout the cryptocurrency market, with the price dropping below $69,000 in a matter of moments. This sudden drop has resulted in massive losses for thousands of crypto traders who were caught in leveraged positions. According to data from Coinglass, more than 81,400 traders were liquidated
The cryptocurrency market has been buzzing with excitement as Bitcoin continues to hover around the $70,000 mark. The surge in price can be largely attributed to the accumulation by large whales and a new cohort of traders known as “Sharks.” These Sharks, with wallet addresses holding between 100 BTC and 1,000 BTC, have been actively
Over the past week, the Bitcoin price has seen a significant resurgence, sparking optimism among investors and drawing parallels to the positivity associated with Holy Week for Christians. This surge in value has not only affected Bitcoin but has also led to substantial profits for other major cryptocurrencies in the market. According to a well-known
As Bitcoin continues to dominate the cryptocurrency market, investors are eagerly awaiting the upcoming halving event scheduled for April 2024. The CEO of Bitwise, Hunter Horsley, has expressed his belief that this halving event could have a monumental impact on Bitcoin’s trading history. This event, which occurs every four years, involves a significant reduction in