Bitcoin’s recent price decline, following a brief surge above the $72,000 mark, has been attributed to various factors presenting a bearish outlook for the flagship cryptocurrency. One significant factor is the upcoming release of the March Consumer Price Index (CPI) data on April 10. Market experts are predicting a rise in overall inflation, which could
Bitcoin
Bitcoin, the leading cryptocurrency, has once again taken investors on a rollercoaster ride. After a weekend surge that brought it close to breaking its all-time high, the digital asset has since dipped back below the crucial $70,000 mark in the last 24 hours. This sudden correction has left investors questioning whether the anticipated climb to
Cryptocurrency expert Benjamin Cowen has recently brought attention to a potential pattern that could lead to a significant decline in the price of Bitcoin following the upcoming halving event. Although Cowen acknowledges that historical patterns do not always repeat precisely, he believes it is important to prepare for such a scenario in case it does.
Many experts in the financial world have differing opinions about the future price and valuation of Bitcoin. One of the more optimistic predictions comes from Skybridge Capital CEO Anthony Scaramucci, who firmly believes that Bitcoin is heading towards a much higher valuation than its current price. Scaramucci predicts that the Bitcoin market cap will eventually
Bitcoin has been on a rollercoaster ride in terms of price action, with the recent surge bringing the cryptocurrency to new heights. Michael Van De Poppe, a well-known analyst and trader, has made a bold prediction regarding Bitcoin’s future price movement. He believes that BTC could reach the $300,000 mark during this bull cycle, based
The recent approval of Bitcoin exchange-traded funds (ETFs) by the SEC has left a significant impact on the financial world. Initial concerns about fading demand have quickly been disproven as Bitcoin ETFs continue to shatter trading volume records. Three consecutive sessions of net inflows into these investment vehicles have highlighted the sustained interest from investors
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
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