Bitcoin has recently seen a surge in its value, hitting the $50,000 mark after a two-year high. While this may seem like a positive sign for investors, some analysts are cautioning that a correction could be on the horizon. According to Crypto Jelle, a well-known crypto expert, Bitcoin might be due for a retest in
Bitcoin
Bitcoin has recently experienced a retracement after reaching a high of $53,000 on February 20. Despite this temporary dip in price, Bitcoin whales are taking advantage of the situation by accumulating more of the flagship cryptocurrency. According to Ki Young Ju, the founder and CEO of the on-chain analytics platform Crypto Quant, inflows into accumulation
The Bitcoin open interest has been steadily increasing in recent weeks, coinciding with a continuous climb in the price of the cryptocurrency. This surge in open interest reflects a growing interest in Bitcoin, especially after the United States Securities and Exchange Commission (SEC) approved Spot Bitcoin ETFs for trading. The open interest in BTC has
In the recent days, Bitcoin has shown remarkable performance in the market, surpassing the $50,000 mark for the first time since 2021. Despite some sideways movement, the cryptocurrency has managed to maintain its position above $51,000. However, a leading crypto analyst has raised concerns about a potential bearish trend in the near future. Prominent crypto
The future of spot Bitcoin ETFs and their integration within diversified portfolios was a key topic discussed by industry experts at the Exchange ETF conference in Miami Beach. Matt Hougan, Chief Investment Officer at Bitwise Asset Management, and Ric Edelman, founder of the Digital Assets Council of Financial Professionals, engaged in a conversation with CNBC’s
The bitcoin bulls are making a strong comeback, pushing the world’s leading cryptocurrency to surge past the $52,000 mark. This rally comes after a brief dip below $50,000 triggered by hotter-than-expected US inflation data, but investors shrugged off the uncertainty, demonstrating their resilient confidence in the future of digital assets. This surge not only marks
Bitcoin, the undoubted leader of the cryptocurrency market, has once again captured the spotlight with its recent surge in price, surpassing the highly anticipated $50,000 milestone. This upward price movement, combined with the “extreme greed” reading on the Crypto Fear and Greed Index, suggests a market overflowing with optimism. However, such exuberance also raises concerns
In a recent statement, Tuur Demeester, a well-known Bitcoin OG and researcher for Adamant Research, expressed his optimistic outlook for the future of Bitcoin. Demeester predicts that the price of Bitcoin could potentially skyrocket to a range of $200,000 to $600,000 by the year 2026. His forecast is largely based on the massive influx of
After a tumultuous 2022, industry experts predict a remarkable resurgence for Bitcoin (BTC) in 2024. The main driving force behind this positive sentiment is the highly anticipated Bitcoin halving event, scheduled for April 2024. This event, which occurs every four years, reduces the block reward for miners by half, effectively diminishing the supply of new
Crypto analyst Adam Back has recently shared his optimistic prediction that Bitcoin (BTC) could potentially reach the $100,000 price mark before the eagerly awaited halving event in April. This projection comes as Bitcoin continues its recovery from a rather bearish January. In the past week alone, BTC’s price has gained 11.02%, moving into the $47,000