Wealthy Individuals Flock to Bitcoin Barbara Goldstein, Managing Partner at R360, an exclusive networking club for the super-rich, reveals that Bitcoin is gaining popularity among the ultra-wealthy. Members of the club have expressed optimism about its potential as a lucrative investment. Factors Driving Bitcoin’s Appeal Goldstein cites several reasons for Bitcoin’s growing appeal: Upcoming Bitcoin…
Bitcoin is hovering around $70,000, and crypto enthusiasts are feeling optimistic about its growth before the upcoming halving event. Analyst’s Market Insights Rekt Capital, a cryptocurrency analyst, has outlined three distinct stages of the halving event for investors: Pre-Halving Retrace Bitcoin experienced an 18% pullback, which is lower than previous halvings. This was the last…
Breaking Barriers Bitcoin has soared past $70,000, showing its strength and potential for further gains. $82,000 Target Remains Cryptocurrency expert Crypto Jelle predicts that Bitcoin will reach $82,000 soon. He believes the coin has overcome a major obstacle and is poised for a rally. Patience Pays Off Jelle advises investors to hold onto their Bitcoin…
Introduction The Bitcoin Halving is a major event that occurs every four years. It’s designed to reduce the supply of new Bitcoins, which can have a significant impact on price. Past Performance 2012 Halving: Bitcoin price increased by 10,000% within a year. 2016 Halving: Bitcoin price rallied by 3,400% in 16 months. 2020 Halving: Bitcoin…
China’s Economic Crisis China is facing a major economic crisis, with a high debt-to-GDP ratio and a collapsing housing market. This has led to a massive outflow of capital from China, as investors seek safer investment options. Hong Kong’s Spot Bitcoin ETFs Hong Kong is considering approving spot Bitcoin ETFs, which would allow investors to…
Demand from Whales and Long-Term Holders CryptoQuant analysts have found that the upcoming Bitcoin halving in April is no longer the main factor driving the price of BTC. Instead, demand from large-scale investors (whales) and long-term holders is now the primary force pushing the price up. Permanent Holders Outpacing Issuance For the first time ever,…
Bitcoin, the crypto king, has been on a wild ride lately. It almost broke its record high over the weekend, but then it suddenly dropped below $70,000. This has investors wondering if it’s still possible to reach $80,000. Weekend Gains Wiped Out Just a few days ago, Bitcoin was soaring to near-record highs of over…
Inflation Data Concerns The Consumer Price Index (CPI) data release on April 10 is expected to show a rise in inflation. This could prompt the Federal Reserve to raise interest rates, which is typically bearish for Bitcoin. Investors are cautious ahead of the report, leading to a decline in Bitcoin’s price. Spot Bitcoin ETFs Spot…
Market Fluctuations Bitcoin has been experiencing some ups and downs, hitting $72,500 on Monday before dropping below $70,000 on Tuesday. This is likely due to investors being cautious ahead of the release of US inflation data today. However, Bitcoin has since recovered slightly and is now trading above $69,400. Hong Kong’s ETF Launch Hong Kong’s…
Bitcoin Halving and Potential Downtrend Cryptocurrency investors are buzzing about the upcoming Bitcoin halving, hoping it will boost the market. But analyst Benjamin Cowen warns that Bitcoin’s price could follow a historical pattern and dip. Cowen’s Prediction Cowen noticed a trend that suggests Bitcoin’s price may decline after the halving. He believes it could follow…
