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…
Analyst: Bitcoin Warming Up for Major Rally Despite recent gains, analyst Willy Woo believes the real Bitcoin bull market is yet to come. He describes the current surge as a mere “warm-up” for a much larger rally. Traditional Markets in for a Surprise Woo warns that the Bitcoin Macro Index shows that the recent price…
Price Surge Bitcoin has been on a tear, hitting an all-time high of $69,200. This surge is partly due to the success of Bitcoin spot ETFs, which have made it easier for investors to buy and hold Bitcoin. Analyst Predictions Crypto analyst Mark Harvey believes Bitcoin has even more room to grow. He cites factors…
Bitcoin Whale Moves 1,000 BTC A massive chunk of Bitcoin that had been sitting idle for over a decade has suddenly been moved by a “whale” investor. Age-Old Coins on the Move The “Spent Output Age Bands” (SOAB) indicator tracks the movement of Bitcoin coins based on how long they’ve been dormant. The 10+ years…
MicroStrategy, a company known for its investments in Bitcoin, has announced plans to increase its holdings of the cryptocurrency. More Bitcoin for MicroStrategy MicroStrategy, the largest public holder of Bitcoin, has been a long-time supporter of the digital currency. The company has been buying Bitcoin since August 2020 and has held onto its assets through…
Halving and Its Impact Bitcoin’s price has historically followed a pattern centered around the halving event, which occurs every four years. During halving, the reward for miners is cut in half, reducing the supply of new Bitcoin. This has led to price surges in the past. After the 2012 halving, Bitcoin’s price jumped from $12…
A popular crypto trader predicts that memecoins and a specific crypto subsector will lead the market this cycle. Memecoins: The Next Altcoin Rally Analyst The Flow Horse believes that traders who profited from memecoins will reinvest their gains into other crypto assets, sparking another altcoin rally. Artificial Intelligence: A Bullish Subsector In addition to memecoins,…
A federal judge has ruled that secondary market sales of crypto assets constitute securities transactions. This decision stems from an insider trading case involving Coinbase, where former product manager Ishan Wahi allegedly leaked confidential information to his brother and a friend. Background In July 2022, the SEC accused Ishan Wahi of providing his brother, Nikhil…
A crypto analyst who accurately predicted the bottom of the 2018 Bitcoin bear market believes the cryptocurrency has more room to grow. Wave Three Surge According to the analyst, Bluntz, Bitcoin is currently in the midst of a “wave three surge” in the monthly timeframe. Bluntz uses Elliott Wave theory, which attempts to predict price…
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…
