Cryptocurrency expert and analyst Doctor Profit has recently provided an insightful update on the current state of Bitcoin (BTC) and the crypto market as a whole. His analysis delves into the Life Cycle Assessment (LCA), psychological analysis, and technical analysis (TA) to give investors within the crypto space a sense of optimism amidst the recent
Bitcoin
Bitcoin, the ever-enigmatic digital currency, has analysts locked in a heated debate about its 2024 price trajectory. Will it soar to new heights, fueled by institutional adoption and mainstream acceptance, or will it face a reality check and revisit recent lows? The optimists, led by the prominent crypto analyst Cryptoyoddha, paint a picture of a
The past week has been challenging for Spot Bitcoin ETFs as they struggled to attract significant inflows. Instead, these ETFs experienced consecutive daily outflows, signaling a potential decrease in bullish sentiment among institutional traders. This trend was reflected in the price of Bitcoin, which dropped to $61,370 during the week. The surge in investor interest
The recent price performance of Bitcoin has raised concerns among the crypto community, leading to a decline in the prices of several large-cap tokens in the market. However, some investors are taking advantage of this situation and seeing it as a rare opportunity in the bull market to accumulate assets of their choice. On-chain data
The recent decline in Bitcoin’s price has had a significant impact on the spot Bitcoin ETF market. According to BitMEX Research, the netflows of BTC ETFs have been negative for the past four trading sessions. This negative trend is mainly due to large outflows from Grayscale’s GBTC and record low inflows for market leaders like
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
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