Financial services firm Bernstein has recently revised their price expectations for Bitcoin, increasing their year-end target from $80,000 to $90,000. Analysts Gautam Chhugani and Mahika Sapra cited the strong Spot Bitcoin ETF inflow and record mining income as reasons for their bullish outlook on BTC’s price. The Spot Bitcoin ETFs have seen significant inflows into
Bitcoin
In recent weeks, Bitcoin Spot ETF outflows have spiked, leading to price declines across the crypto space. The majority of these outflows are attributable to the Grayscale Spot ETF, with investors citing high fees as a primary reason for divesting. This trend has persisted for four consecutive weeks, marking the second occurrence of such outflows
The recent surge in Bitcoin’s value, surpassing the $67,000 mark, triggered a wave of liquidations in the crypto market amounting to nearly $300 million. This sudden increase in Bitcoin’s price caught many traders off guard, especially those who were betting on the market’s decline. Data from Coinglass shows that approximately 86,047 traders suffered losses exceeding
The recent recovery of Bitcoin from the $61,000 price mark to $67,000 has sparked hopes within the cryptocurrency community of a potential bullish movement in the near future. Despite not fully returning to its previous point a week ago, when it surpassed $73,000 and set a new all-time high, experts like Crypto Jelle believe that
Bitcoin, the flagship cryptocurrency, has been in the spotlight recently due to its price decline despite strong fundamentals suggesting further growth in this bull market. Various factors are at play, influencing both the supply and demand dynamics of Bitcoin, which ultimately impact its price movement. In this article, we will delve deep into the complex
Bitcoin’s recent roller-coaster ride in the market has left many investors and experts scratching their heads in confusion. From reaching an all-time high of over $73,600 to plummeting to under $60,800, a significant -17% loss in value, the leading cryptocurrency has sparked intense debates and speculations across various social media platforms. According to prominent figures
Crypto research firm Kaiko recently mentioned an ‘Alameda Gap’ that has been significantly affecting the Bitcoin and crypto market. This gap was a result of the collapse of the defunct crypto exchange FTX and its sister company Alameda Research, a major market maker providing liquidity to the market. Following Alameda’s collapse, market makers waited on
The recent Bitcoin price crash caught many crypto investors off guard, but some analysts, like Rent Capital, were able to predict it. Rent Capital’s analysis highlighted the established trend of Bitcoin experiencing a decline before its halving. Looking back at historical data, it is evident that Bitcoin typically sees a price drop of around 20%
Bitcoin recently experienced a significant crash, dropping to $64,000, and has been struggling to recover its momentum ever since. The crash had a ripple effect on the entire crypto market, leading to a decline in the prices of altcoins as well. One of the most devastating events occurred on the Seychelles-based exchange BitMEX, where Bitcoin
Bitcoin, the flagship cryptocurrency, recently experienced a drop below the $63,000 mark after hitting a new all-time high of $73,750. This price correction has been attributed to various factors, with one of the main culprits being the impending Bitcoin Halving event. According to insights provided by crypto trader Rekt Capital, Bitcoin seems to be entering