Key Points: Bitcoin’s price surge has brought relief to investors who bought during the 2021 bull run. The Realized Price indicator shows that these investors are now close to breaking even. The 2- to 3-year-old UTXO Age Band represents investors who bought during the 2021 bull run. Bitcoin’s recent rally has pushed its price above…
Bitcoin ETFs have made a significant impact in the financial world since their launch, attracting billions of dollars in inflows and driving Bitcoin’s price to its highest level in over two years. Bitcoin ETFs Garner $2.8B in Net Inflow In the first 21 trading days, Bitcoin spot funds have amassed approximately $2.8 billion in net…
The Skepticism Surrounding Digital Currencies Adrian Orr, the Governor of the Reserve Bank of New Zealand (RBNZ), shared his perspective on Bitcoin and other digital currencies during a parliamentary committee meeting. Orr expressed skepticism regarding Bitcoin’s ability to serve as a viable alternative or supplement to traditional fiat currencies. He also criticized stablecoins, labeling them…
The ongoing legal battle between Ripple and the US Securities and Exchange Commission (SEC) could potentially be resolved through a settlement. The outcome of the case may be influenced by the upcoming US presidential election, which could lead to changes in the regulatory environment for the crypto industry. Ripple Case Update Under the leadership of…
Introduction: The newly introduced Ethereum token standard, ERC-404, made a grand entrance in the crypto market, outshining many other digital assets. However, as Bitcoin (BTC) regained momentum, investors shifted their focus, leading to a notable decline in the ERC-404 ecosystem. Significant Market Capitalization Drop: ERC-404 sector experienced a significant decline, with an overall market capitalization…
ETF Inflows as a Driving Force Ki Young Ju, the co-founder and CEO of CryptoQuant, believes that Bitcoin exchange-traded funds (ETF) inflows could propel Bitcoin to new heights. In a bullish scenario, he predicts that BTC could surpass $100,000 by the end of 2024. Metrics Behind the Prediction Ju’s prediction is based on two metrics:…
A crypto trader who predicted the 2023 crypto breakout believes Ethereum (ETH) is gearing up for a big surge. Resistance Level Crypto strategist DonAlt told his 56,900 YouTube subscribers that Ethereum is one resistance level away from igniting a 40% move to the upside. ETH/USD Breakout DonAlt said that a breakout on the ETH/USD pair…
Reversal of Short-Term Bearish Stance Arthur Hayes, founder of BitMEX, has changed his short-term bearish stance on Bitcoin (BTC) after the cryptocurrency’s recent surge. Earlier this year, Hayes had purchased put options for Bitcoin with a strike price of $35,000, anticipating a short-term price correction. New All-Time Highs Expected In a recent interview, Hayes expressed…
A renowned crypto analyst, Rekt Capital, believes that Bitcoin (BTC) has entered a bullish phase in anticipation of the upcoming halving event. Pre-Halving Rally Phase According to Rekt Capital, Bitcoin’s bull markets can be divided into three stages: Pre-halving rally Post-halving resistance Post-halving parabola He emphasizes that BTC has officially entered the pre-halving rally phase….
After a turbulent 2022, Bitcoin (BTC) is poised for a remarkable resurgence in 2024, according to a consensus of industry experts. This comprehensive analysis delves into the key factors driving this positive sentiment, including the highly anticipated Bitcoin halving event, surging institutional adoption, and the introduction of spot Bitcoin exchange-traded funds (ETFs). The Halving Event:…
