Bitcoin’s futures market is currently attracting attention due to the signs of bullish sentiment it is showcasing. Analysts are closely looking at the Bitcoin futures basis, which represents the difference between the futures price of Bitcoin and its spot price. Recent data indicates that this basis has risen to unprecedented levels since Bitcoin’s all-time high
Bitcoin
Recent analysis from Bernstein, a private wealth management firm, has once again reiterated their previous Bitcoin prediction. They are confident that the cryptocurrency has a great potential to reach an impressive $150,000 by the year 2025. This forecast is based on the exponential surge that Bitcoin has been experiencing, with new all-time highs being reached
Bitcoin has experienced a significant downturn in price due to a massive crash that occurred on Friday. This crash, which drove the price below $66,000, had a cascading effect on the entire cryptocurrency market. The root cause of this abrupt decline can be linked to a reduction in inflows for Spot Bitcoin ETFs. Institutions, who
Dogwifhat, known as WIF in the cryptocurrency world, has defied expectations and climbed to the top of the Solana meme coin hierarchy. Starting as just another digital currency looking to make an impression, Dogwifhat skyrocketed in popularity through a community-driven fundraising campaign. With over $680,000 raised collectively, supporters of Dogwifhat secured a prime advertising spot
MicroStrategy, an American business intelligence and software development company, has recently announced its plans to acquire an additional Bitcoin by raising $500 million in convertible debt offerings. This move comes on the heels of the company’s recent purchase of 12,000 BTC, valued at approximately $821.7 million. With a total of 205,000 BTC in its possession,
Samson Mow, the CEO of Jan3 and a well-known Bitcoiner, has made a bold prediction that Bitcoin could reach $1 million in the near future. This ambitious statement has caught the attention of many in the crypto community, sparking debates and discussions about the feasibility of such a price target. Despite the skepticism surrounding his
The recent surge in the price of Bitcoin has caught the attention of many investors and analysts alike. As the price of Bitcoin surpasses $73,000, a significant number of BTC holders are looking at substantial profits. However, a trend has emerged where large Bitcoin whales, those holding at least 1,000 BTC in their wallets, are
Bitcoin (BTC) has once again stunned the financial world by soaring past the $73,000 mark, entering uncharted territory with a triumphant surge. This remarkable feat has ignited a wave of excitement in the cryptocurrency realm, as bullish indicators and a shift in investor sentiments continue to fuel the price discovery phase. This week’s narrative was
Despite facing a minor setback with a 5% decrease in the past week, Cardano (ADA) remains strong and optimistic. With a current price of $0.75, ADA boasts a 24-hour trading volume of $1.14 billion and a market capitalization of $24 billion. Analysts, including Sssebi, are charting a positive course for ADA, highlighting the importance of
The recent surge in interest and adoption of spot Bitcoin Exchange-Traded Funds (ETFs) has garnered significant attention in the investment community. Matt Hougan, Chief Investment Officer (CIO) of Bitwise Asset Management, discussed this phenomenon on CNBC’s ‘Halftime Report’. The market witnessed a remarkable increase in investment, with approximately $20 billion pouring into the market following