Analysts’ Confidence Soars Analysts at Bernstein, a private wealth management firm, have doubled down on their prediction that Bitcoin will reach $150,000 by 2025. Gautam Chhugani and Mahika Sapra believe the cryptocurrency has a high probability of hitting this milestone. Factors Driving the Surge Spot Bitcoin ETFs: The success and demand for Spot Bitcoin Exchange…
Bitcoin ended the week on a sour note, crashing hard early Friday morning. The drop pushed the price below $66,000, dragging the rest of the crypto market down with it. Spot ETF Inflows Slow Down The crash may have been triggered by a slowdown in Spot Bitcoin ETF inflows. These ETFs had been driving the…
The Bitcoin price has plummeted from over $72,000 to as low as $65,500. While factors like liquidations and inflation fears have been cited, a rumor suggests a failed hedge fund trade may have also contributed. The Failed Spread Trade Andrew Kang, founder of Mechanism Capital, revealed that a hedge fund lost over $1 billion on…
Despite a recent market downturn, the Solana memecoin Dogwifhat (WIF) has seen a surge in value, defying the odds. From Humble Beginnings to Sin City Lights Dogwifhat, featuring a Shiba Inu with a stylish beanie, started as a simple meme coin. However, a community-driven fundraising campaign raised over $680,000, securing a prime advertising spot on…
Liquidations Triggered Price Drop The Bitcoin market experienced a sharp decline due to a massive liquidation event in the futures market. Over $682 million worth of crypto trader liquidations occurred, with 80% being long positions. This caused Bitcoin’s price to plummet from $72,000 to $66,500 in a matter of hours. Macroeconomic Pressures Weigh In Macroeconomic…
Mega Bitcoin Purchase MicroStrategy, a software company, is planning to buy even more Bitcoin. They’re raising $500 million to add to their already massive Bitcoin stash. Just recently, they bought $821.7 million worth of Bitcoin. Bitcoin Acquisition Spree MicroStrategy is on a Bitcoin buying spree, likely because the cryptocurrency has been going up in value….
Whales Sell Off Coins As Bitcoin’s price continues to climb, reaching new all-time highs, large investors known as “whales” are taking advantage of the profits. These whales hold significant amounts of Bitcoin (at least $73 million). According to analyst Ali Martinez, whales have been selling off their coins. The number of wallets holding over 1,000…
Samson Mow, CEO of Jan3 and a prominent Bitcoin advocate, maintains his bullish prediction that Bitcoin could reach $1 million this year or by 2025. Reasons for the Price Surge 1. Supply and Demand Imbalance: Mow highlights that the demand for Bitcoin far exceeds its supply. Spot Bitcoin ETFs, which accumulate thousands of BTC daily,…
Big Players Dominate the Crypto Scene BlackRock and MicroStrategy have made headlines with their recent Bitcoin investments. BlackRock’s plans to include Bitcoin ETFs in its funds could increase demand, while MicroStrategy’s purchase of 12,000 BTC brings its total holdings to 205,000. Investors Move Bitcoin to Cold Storage Despite reaching record highs, investors are moving $520…
Rollercoaster Ride Bitcoin’s price took a wild ride yesterday, reaching a high of $73,000 before a sharp drop caused by liquidations. Long position holders were hit hard, losing over $258 million. However, Bitcoin quickly recovered, wiping out $103 million in short positions. Record ETF Inflows Investors jumped on the opportunity to buy Bitcoin ETFs, driving…
