Susquehanna’s Monster Investment Susquehanna International Group, a giant in asset management, has made a huge investment in Bitcoin through exchange-traded funds (ETFs). According to a recent disclosure, Susquehanna held about $1.2 billion in spot ETFs in the first quarter of 2024. Significant Holdings Susquehanna’s investment is notable for its size and diversity. They own a…
Outflows Hit $284 Million Institutional investors are fleeing Bitcoin as the crypto market remains uncertain. Last week, Bitcoin investment products saw a staggering $284 million in outflows, mostly from US Spot Bitcoin ETFs. US Spot Bitcoin ETFs Take a Hit These ETFs had a particularly rough week, with even BlackRock’s iShares Bitcoin Trust experiencing its…
Mike McGlone, a Bloomberg expert, has doubts about Bitcoin hitting $150,000 anytime soon. Here’s why: Macroeconomic Trends and Bitcoin’s Performance McGlone compared Bitcoin to the S&P 500 stock index and found that Bitcoin’s performance has been weaker in 2024 than in 2021. He also noted that Bitcoin’s performance has been similar to gold, which is…
Bitcoin has been stuck in a rut lately, despite recently crossing $60,000. Here’s why: Spot Bitcoin ETFs Lose Steam When Spot Bitcoin ETFs launched, they attracted billions in investment, which helped Bitcoin surge to an all-time high. However, demand for these funds has since dwindled, dampening Bitcoin’s momentum. Analyst Predictions Analysts like Andrey Stoychev believe…
Local Bottom Reached? Crypto analyst MilkyBull believes Bitcoin’s local bottom has been reached. He points to the fact that the next major resistance level is at $64,557. Before hitting its all-time high of $73,000, BTC will likely clear $67,000 and consolidate. Historical Patterns MilkyBull also notes that Bitcoin’s price action in 2017 suggests a similar…
In a recent interview, Michael Saylor, the co-founder of MicroStrategy, shared his insights on what could be the next big driver for Bitcoin’s price. Corporate Adoption Saylor believes that January 2024 marked the start of a new era for Bitcoin, with companies beginning to adopt it. This shift is significant because it’s supported by regulatory…
Historical Price Pattern Bitcoin’s price is following a similar pattern to its bull cycle from eight years ago. This could indicate significant growth ahead. Post-Halving “Danger Zone” Bitcoin is currently in a “Danger Zone” similar to 2016. It has dipped below the Re-Accumulation Range Low, but the divergence is less severe than in 2016. Potential…
Crypto analyst Ali Martinez believes Bitcoin is still in a “prime buy zone” despite its recent price surge. Undervalued According to MVRV Ratio The MVRV ratio, which measures the value of Bitcoin relative to its realized value, indicates that it is currently undervalued. This suggests that Bitcoin is a good investment opportunity. Whales Accumulating Bitcoin…
When Will Bitcoin Peak? Analyst Rekt Capital predicts that Bitcoin could peak between late November 2024 and late January 2025. This is based on historical data showing that BTC tends to reach a bull market top within 266 to 315 days after breaking its previous all-time high. Decelerating Acceleration While Bitcoin’s bull run has been…
Bitcoin, the cryptocurrency pioneer, has reached a significant milestone: its 1 billionth transaction. This accomplishment has sparked both celebration and cautious optimism. Bitcoin’s Blockchain Strength Bitcoin’s decentralized network has proven its security and efficiency by facilitating 1 billion transactions. This is a remarkable achievement, especially compared to payment giants like Visa, which took decades to…
