The unexpected and spontaneous decline in the price of Bitcoin and other prominent altcoins on April 12 resulted in massive liquidations across the crypto market. While the exact cause of this widespread price dip remains unknown, there are several plausible reasons being considered. According to data from CoinMarketCap, Bitcoin slipped by 4.49% in the last
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When considering the potential impact of Bitcoin Halving on the price of the cryptocurrency, it is important to analyze historical price trends. Lead analyst Hannah Phung from on-chain analytics platform SpotOnChain highlighted that Bitcoin’s price tends to increase around 6 to 12 months after the Halving event. This is supported by past data, as significant
Bitcoin has been showing remarkable recovery recently, hovering around the $70,000 threshold. This momentum has sparked optimism among crypto enthusiasts regarding the digital asset’s growth leading up to the much-anticipated Bitcoin Halving event. Rekt Capital, a renowned cryptocurrency analyst, has meticulously analyzed the market and outlined three distinct stages of the event for investors to
The world of cryptocurrency is no longer just for the everyday investor. It has now caught the eye of the ultra-wealthy elite, with individuals holding assets worth millions or even billions of dollars now looking to dip their toes into the digital asset market. This new trend is evident in the recent discussions held by
The price of Bitcoin has once again surged, breaking through the $70,000 mark and showing signs of a strong upward movement. Crypto experts like Crypto Jelle have made optimistic predictions for the cryptocurrency, with forecasts pointing towards the $82,000 level in the near future. Jelle highlighted the recent recovery in Bitcoin’s price, describing how the
The Bitcoin Halving event is quickly approaching, marking one of the most significant moments in the history of the Cryptocurrency market. Each halving event has proven to have a profound impact on various aspects such as supply, demand, and price movements. However, with Bitcoin already reaching new all-time highs before the halving, the question remains
The latest research from analysts at CryptoQuant has unveiled a surprising revelation regarding the impact of the upcoming 2024 Bitcoin halving on the price of BTC. Contrary to popular belief, the highly anticipated halving event is no longer considered the primary driver for a bullish momentum in the cryptocurrency market. According to the report, the
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, 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.