Bitcoin’s price has surged 30% this year, outperforming major market indices and gold. VanEck’s head of digital assets research, Matthew Sigel, points to several key factors driving this rally. Institutional Investment is Key A significant driver is the increasing involvement of corporations. Companies have purchased over 300,000 Bitcoin this year – more than double the…
Swissblock, a crypto analytics firm, believes Bitcoin (BTC) has more room to grow, and altcoins might be on the verge of a major rally. Bitcoin’s Bullish Fundamentals According to Swissblock’s analysis, Bitcoin’s on-chain fundamentals are strong, suggesting sustained upward momentum. They claim this isn’t just speculation; the current upward trend is structurally supported. At the…
Bitcoin saw a massive surge in profits for investors recently. According to crypto analytics firm Glassnode, investors cashed in a whopping $3.5 billion in a single 24-hour period as Bitcoin hit new all-time highs. Long-Term Holders Lead the Charge The profit-taking wasn’t evenly distributed. Long-term holders (those holding Bitcoin for at least 155 days) accounted…
Bitcoin dominance (BTC.D) just hit a major roadblock. It bounced off a key resistance level that, historically, has kicked off huge rallies in altcoins. Analysts are buzzing, wondering if we’re about to see a repeat of 2021’s altcoin explosion. A Technical Chart Tells a Story One analyst, Tony Severino, pointed out on X that BTC.D…
Bitcoin finally broke through the $110,000 barrier after months of sideways trading, hitting $123,000. One crypto expert, EliteOptionsTrader, believes this is just the beginning of a much larger price increase. What’s Driving the Bitcoin Surge? Several factors are contributing to Bitcoin’s recent price jump: Ethereum ETF Buzz: The potential approval of a spot Ethereum ETF…
Bitcoin’s price has skyrocketed, exceeding $122,000 and briefly touching $123,000. This makes it a significant investment, far beyond the reach of the average person. The Million-Dollar Bitcoin? Experts are urging high-net-worth individuals to buy Bitcoin now, before it becomes even more expensive. The argument is simple: with a limited supply of only 21 million Bitcoins…
A crypto analyst who correctly predicted Bitcoin hitting $120,000 is back with a new, even bolder forecast. Using Elliott Wave theory and historical data, they’ve mapped out a potential path for Bitcoin’s price. Bitcoin’s Parabolic Phase: Just Getting Started? The analyst believes Bitcoin is in the early stages of a massive rally. They say the…
Bitcoin is facing a serious threat: quantum computers. These super-powerful computers could potentially crack Bitcoin’s current security, allowing hackers to steal a massive amount of Bitcoin. A new proposal aims to tackle this head-on. The Problem: Quantum Computers are Coming A significant portion of existing Bitcoin (around 25%) uses addresses vulnerable to quantum computers. This…
Bitwise Asset Management is boosting investor confidence in its Bitcoin and Ethereum ETFs by implementing daily proof-of-reserves checks. This is a big deal, especially after the FTX collapse highlighted the dangers of opaque reserve reporting. Daily Audits: A New Level of Transparency Instead of just publicly listing wallet addresses, Bitwise now uses The Network Firm,…
Ripple’s CTO, David Schwartz, recently shared his thoughts on XRP’s price and its actual worth. He basically said that the price doesn’t always reflect how useful XRP really is. The Price-Utility Disconnect XRP briefly hit $3 in July, its highest point since February. This sparked discussion, and Schwartz responded to questions about XRP’s price. He…
