With the price of Bitcoin experiencing a downward trend after hitting an all-time high of $73,000, there has been a lot of speculation surrounding the future direction of this popular cryptocurrency. As the Bitcoin Halving event approaches, many crypto analysts are predicting a further decline in BTC’s price in the near future. One such analyst,
Bitcoin
The cryptocurrency market is currently experiencing a period of uncertainty and volatility, with Bitcoin prices plummeting to a weekly low of $65,000. This sharp decline comes after a sustained period of remarkable gains and record highs, catching many investors off guard. At the time of writing, Bitcoin was trading at $65,710, with both the 24-hour
Bitcoin’s futures market is currently showing signs that have historically indicated bullish sentiment. Analysts are focusing on the Bitcoin futures basis, which represents the difference between the futures price of Bitcoin and its spot price. Recent data shows that this basis has climbed to unprecedented levels since Bitcoin’s peak of $69,000 in November 2021. According
Private wealth management firm, Bernstein, has recently reaffirmed their prediction for Bitcoin’s future value. Analysts Gautam Chhugani and Mahika Sapra have expressed their belief that Bitcoin has the potential to reach $150,000 by the year 2025. This forecast is based on the recent surge in Bitcoin prices, with the cryptocurrency hitting new all-time highs above
Bitcoin experienced a significant crash as the price fell below $66,000, dragging the rest of the crypto market down as well. The root cause of this crash can be linked back to Spot Bitcoin ETFs. These ETFs, which had been driving the bull run, started to show signs of weakening as institutions scaled back on
MicroStrategy, a prominent American business intelligence and software development company, has recently made headlines with its plans to acquire an additional $500 million worth of Bitcoin. This move comes after the company had already purchased about 12,000 BTC valued at over $800 million, bringing their total Bitcoin holdings to a staggering 205,000 BTC. The decision
Samson Mow, the CEO of Jan3 and an avid Bitcoiner, has been vocal about his prediction that Bitcoin could reach $1 million in the near future. In a recent interview with ‘What Bitcoin Did’ host Peter McCormack, Mow reiterated his bold price projection. He emphasized that Bitcoin’s current setup is conducive to a parabolic run,
The recent surge in the price of Bitcoin has led to a significant increase in profits for the majority of BTC holders. However, as the price continues to climb, large Bitcoin whales are taking advantage of this opportunity to cash out some of their holdings. These whales, who hold at least 1,000 BTC in their
The recent surge in Bitcoin’s value beyond the $73,000 mark has sent shockwaves through the cryptocurrency world. This upward momentum can be attributed to the strategic moves made by industry giants like BlackRock and MicroStrategy. BlackRock, known for its dominance in asset management, has announced plans to incorporate spot Bitcoin ETFs into its Global Allocation
The world of cryptocurrency investment has been witnessing a significant shift in recent times, especially with the growing interest in spot Bitcoin Exchange-Traded Funds (ETFs). Matt Hougan, Chief Investment Officer (CIO) of Bitwise Asset Management, recently discussed the exponential rise in adoption of Bitcoin ETFs on CNBC’s ‘Halftime Report.’ This surge comes in the wake