Bitcoin has been on an upward trajectory, hitting the $64,000 mark amid a broader rally in the crypto market. Analyst Ali Martinez has identified key trends that could determine the next direction for the leading cryptocurrency. Martinez highlighted that more than 500,000 Bitcoins were transacted within the range of $61,100 and $61,800, forming a strong
Bitcoin
The recent reports of a sharp decrease in the availability of Bitcoin on Over-the-Counter (OTC) desks have sent ripples through the cryptocurrency market. With only around 40 BTC available for sale at one point, it is clear that a significant shift in BTC trading dynamics is underway. Caitlin Long, CEO and founder of Custodia Bank,
Hunter Horsley, the Chief Executive Officer (CEO) of Bitwise, has recently made a bold prediction about the future of Bitcoin. He anticipates that the cryptocurrency will skyrocket to $250,000, a price point that is more than four times its current value of over $62,000. Horsley is highly optimistic about Bitcoin’s bullish outlook and believes that
The recent surge in the price of Bitcoin, surpassing the $59,000 mark, can be largely attributed to the growing interest from institutional investors. Despite expectations of a market crash ahead of the next halving, Bitcoin has continued to rally, proving many skeptics wrong. Institutional investors have been capitalizing on the opportunities presented by the Bitcoin
Bitcoin (BTC) has experienced a remarkable 5% increase in a single day, bringing it closer to the sought-after $60,000 mark. This surge in price can be attributed to the heightened investor interest in the world’s largest cryptocurrency, reaching levels not seen since the 2021 boom. The demand for spot bitcoin exchange-traded funds (ETFs) soared, with
As the price movement of Bitcoin becomes less volatile and the markets show signs of instability, Crypto Jelle, a prominent cryptocurrency analyst and investor, has shared a bold prediction regarding the leading cryptocurrency. Despite the bearish speculations within the community surrounding BTC’s price action, Crypto Jelle remains optimistic about the future. He believes that discussions
Crypto analyst Rager has shared valuable insights with Bitcoin and Ethereum investors, suggesting that the best time to go all in on the two largest crypto tokens by market cap is approaching. In a recent X post, he highlighted the upcoming Bitcoin Halving as the “last great opportunity for this cycle” and advised investors to
Matrixport, a crypto financial services platform, has once again made a bullish prediction for the price of Bitcoin. This time, they are forecasting that Bitcoin will surge to $63,000. This ambitious target comes after an earlier prediction of $50,000 by the end of January, which did not materialize. Despite the optimism, Matrixport believes that reaching
The launch of spot Bitcoin Exchange-Traded Funds (ETFs) by industry giants BlackRock and Fidelity has been a significant moment in the cryptocurrency market. These ETFs, ranking among the top five ETF launches in history, have attracted massive net inflows of $5.278 billion within a short span of six weeks. However, despite this influx of investment,
The introduction of spot Bitcoin ETFs has sparked a frenzy in the crypto world, attracting a diverse range of investors looking to gain exposure to Bitcoin. These new investment vehicles have made it easier for both newcomers and seasoned investors to participate in the crypto market. The Securities and Exchange Commission’s approval of 11 ETFs