Institutional Demand on the Rise The launch of Spot Bitcoin ETFs has fueled institutional demand for Bitcoin. ETF issuers have been accumulating BTC, now holding a significant 4.27% of the total supply. This has created a new category of whale addresses on the Bitcoin network. Leading ETFs Dominate BlackRock’s IBIT and Fidelity’s FBTC ETFs are…
Price Drop Bitcoin’s value plummeted on Saturday after news of Iran launching missile attacks on Israel. The price dropped by 8.07%, from $67,132 to $61,710. This is the second consecutive day of losses for Bitcoin, which fell 5% on Friday. Underlying Causes The drone attacks on Israel have raised concerns about a potential full-scale war…
As the 2024 Bitcoin halving approaches, the crypto world is abuzz with excitement and speculation. Social media is filled with discussions about the event, indicating potential market volatility. Social Media Surge Fuels Speculation Analysts believe that the surge in social media chatter often coincides with market shifts. Some predict a price rally, while others are…
On April 12, the crypto market experienced a sudden drop in prices, leading to massive liquidations. Massive Liquidations Amidst Price Decline Bitcoin fell by 4.49% in the last day, hitting a low of $66,052. This triggered a domino effect, with Ethereum and Solana also seeing significant losses. As a result, over 277,000 traders lost their…
The Bitcoin market has been a bit sluggish lately, making some wonder if the bull run is over. But there’s one metric that could give us a clue. Mean Dollar Invested Age This metric tracks how long Bitcoin has been sitting in the same wallets. When it’s going up, it means investors are holding onto…
Price Surge May Not Be Immediate Hannah Phung, an analyst at SpotOnChain, believes that Bitcoin’s price may not rise immediately after the Halving. Historically, significant price gains have occurred 6-12 months after the event. Supply and Demand The Halving reduces the supply of Bitcoin, which can drive up its price, especially when demand is stable….
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…
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…
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…
