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…
Strong Weekly Chart Trends Crypto analyst Sssebi is bullish on ADA, citing strong green candles on the weekly chart and increased buying pressure. This suggests a positive underlying trend. Smooth Ascent Predicted Sssebi predicts a 50-60% surge for ADA in the next week. He notes the lack of major resistance levels until $1.2, indicating a…
Matt Hougan, CIO of Bitwise Asset Management, recently shared his insights on the growing popularity of Bitcoin Exchange-Traded Funds (ETFs). Surge in Investment Since the launch of 10 new spot Bitcoin ETFs in mid-January, over $20 billion has poured into the market. This has attracted a wide range of investors, from retail traders to hedge…
Bitcoin’s Record-Breaking Run Bitcoin has reached a new milestone, surpassing $71,000 and solidifying its position as the digital equivalent of gold. It has also surpassed the market capitalization of silver. Since early March, Bitcoin has been setting new all-time highs with remarkable frequency. Today, it reached a peak of $72,750, representing a 5% daily increase…
Expert Predictions Crypto expert Gert van Lagen predicts that Bitcoin could reach an unprecedented $200,000 before the Bitcoin halving event in April 2024. He notes that Bitcoin has historically doubled in value within 10, 18, and 84 days of reaching new all-time highs. Halving Effect The Bitcoin halving event reduces the rewards for mining new…
