The Federal Reserve’s Bank Term Funding Program (BTFP) is coming to an end on March 11, 2024, leaving the Bitcoin and crypto market on edge. BTFP Closure and Its Impact on Bitcoin The BTFP has been a lifeline for US banks, providing loans to ensure liquidity during turbulent times. Its closure could affect banks’ ability…
Marc van der Chijs, CEO of Bitcoin mining firm Hut 8, believes Bitcoin is on the verge of a prolonged period of growth known as a “supercycle.” What is a Supercycle? Unlike regular market cycles, a supercycle is an extended period of bullish growth lasting several years. It’s characterized by: Increased adoption Higher demand Rising…
Bitcoin has surged to a two-year high, breaking past $68,000 on Monday. The surge was driven by increased investment in Bitcoin funds listed in the United States. Bitcoin’s Upward Trajectory Bitcoin’s price has been on an incredible upward trajectory, fueled by growing interest and optimism in the market. The recent adoption of spot Bitcoin ETFs…
Bitcoin’s upward momentum continues, reaching $68,000 today. Analysts speculate on when it will hit a new high. $70,000 Within Reach Crypto analysts are bullish on Bitcoin, believing it could soon reach a new peak. It recently touched $68,000 for the first time in almost 3 years. Cryptocurrency analyst Crypto Jelle predicts Bitcoin is “inches away”…
Bitcoin’s market value has reached an all-time high of over $1.3 trillion. This is a significant milestone for the cryptocurrency, which has been on a steady upward trend in recent months. Market Cap Sets New Record The market cap of Bitcoin, which represents the total value of all Bitcoin in circulation, has surpassed its previous…
Strong Fundamentals Driving Growth Bitcoin surged over $18,000 in February, and the momentum continues in March. Analyst Markus Thielen believes Bitcoin is poised for another all-time high this week. Institutional buying remains strong in the US and other countries, including Korea. Demand for altcoins and meme coins is also increasing. Anticipated launch of Bitcoin ETFs…
Bitcoin has been on a roll lately, reaching $64,000 on Sunday. Now, analysts are looking at a key level that could determine its next direction. Support and Resistance Analyst Ali Martinez has identified a “substantial support area” between $61,100 and $61,800. If Bitcoin can hold above this level, Martinez expects it to rise towards $65,900….
Bitcoin is hovering around $60,000, close to breaking its all-time high. This would be a significant milestone, as Bitcoin typically sets new records only after its halving events. The Halving’s Impact The halving reduces the number of new Bitcoins entering circulation, making the supply more scarce. This can lead to higher prices, especially when demand…
Profitability Skyrockets Bitcoin has been on a wild ride lately, with prices surging. This has led to a massive increase in profitable Bitcoin addresses. For the first time in over two years, 97% of all Bitcoin addresses are now in the green. Majority of Addresses in Profit According to IntoTheBlock, over 50 million Bitcoin addresses…
Dwindling Bitcoin Supply on OTC Desks Caitlin Long, CEO of Custodia Bank, reports that the availability of Bitcoin on Over-the-Counter (OTC) desks has plummeted, with only around 40 BTC available for sale at one point. This trend is corroborated by other industry figures, indicating a broader shift in the market. Impact on Bitcoin Price The…
