Bitcoin’s price has been on a rollercoaster ride, with significant drops and rebounds in a short period of time. The recent plunge below $54,000 on July 5 has highlighted the intense volatility that investors in the market have to deal with. While some traders and analysts remain optimistic about the long-term bullish cycle, others have
Bitcoin
The recent plummet in the Bitcoin price has left many investors shocked, with a significant 7.8% drop occurring in just the past 24 hours. A key factor behind this dramatic fall is the impending distribution of 142,000 BTC by the defunct crypto exchange Mt. Gox. This distribution, representing 0.68% of the total Bitcoin supply, has
The recent crash in the crypto market has left traders in a state of panic, with Bitcoin and altcoins experiencing a significant drop in value. As Bitcoin continues to fall from one support level to another, the losses are piling up for traders. In just the last 24 hours, tens of thousands of traders have
Bitcoin, despite facing significant bearish trends and market headwinds, has seen a surge in accumulation by large investors holding more than $600,000 worth of Bitcoin. According to recent data from the on-chain tracking platform Santiment, these whales have been increasing their holdings over the last six months. The most active participants in this accumulation are
A recent analysis by cryptocurrency analyst Quinten François has created quite a stir in the crypto community. François has put forward an ultra-bullish narrative for Bitcoin’s future trajectory, suggesting that the flagship cryptocurrency could potentially soar to an astonishing $4.5 million. This projection is based on the significance of Bitcoin’s fourth halving event, with François
Tom Lee, the head of research at Fundstrat, has once again made a bold prediction regarding the future of Bitcoin. He strongly believes that the pioneer cryptocurrency will surge to an impressive $150,000, despite recent bearish trends in the market. Lee’s unwavering optimism in Bitcoin’s potential has caught the attention of many investors and analysts
Arthur Hayes, the co-founder of BitMEX, recently shared his insights in an essay titled “Zoom Out,” delving into historical economic cycles from the 1930s to the 1970s and their relevance to today’s financial landscape. Hayes highlights the importance of understanding these cycles to predict the potential revival of the Bitcoin and crypto bull run. He
Bitcoin’s price has been fluctuating recently, facing challenges to break through resistance levels after dipping below $60,000. Despite briefly holding above $61,000, bearish sentiment seems to be prevailing in the market. One crypto analyst, Alan Santana, has made a pessimistic forecast, suggesting that the Bitcoin crash may not be over yet. According to Santana’s analysis
The world of cryptocurrency has long been marked by the 24/7 accessibility of assets like Bitcoin. However, recent data provided by Kaiko paints a different picture of the weekend trading scene for the popular digital currency. The report reveals a significant drop in Bitcoin weekend trading activity, plummeting from 28% in 2019 to only 16%
Bitcoin’s price performance in June has raised concerns among investors as the cryptocurrency experienced a significant decline, dropping below $60,000 at one point. Crypto analyst Zen has provided insights into possible scenarios for Bitcoin’s price movement in July and the coming months, focusing on liquidity pools that could influence its trajectory. Zen highlighted the significance