Hannah Phung, an analyst at SpotOnChain, shared her perspective on how Bitcoin Halving could influence the price of the flagship cryptocurrency. Contrary to popular belief that the Halving event could lead to a rapid price surge to $100,000, Phung pointed out that historically, Bitcoin’s price tends to rise between 6 to 12 months after the
Bitcoin
Bitcoin has seen a remarkable recovery, reaching the $70,000 threshold following recent momentum in the market. As the much-anticipated Bitcoin Halving event approaches, cryptocurrency analyst Rekt Capital provides insights into the three distinct stages of the event for investors to consider. Rekt Capital’s analysis focuses on the movement of Bitcoin before and after the halving
The world of cryptocurrency, particularly Bitcoin, has garnered the attention of the ultra-wealthy elite. Individuals with assets worth millions and billions of dollars are now eyeing the digital asset market with interest, eager to be a part of Bitcoin’s innovative and revolutionary ecosystem. In a recent interview with CNBC Last Call, Barbara Goldstein, the Managing
The price of Bitcoin has once again surged, pushing past the $70,000 mark and indicating a strong upward momentum. Notable cryptocurrency expert Crypto Jelle has provided a bullish forecast for the digital asset, setting his sights on a short-term target of $82,000. Jelle points out that Bitcoin recently retested the highs of 2021 after a
Recent research conducted by analysts from CryptoQuant has shed light on the diminishing impact of the 2024 Bitcoin halving on the price of BTC. The highly anticipated halving event, scheduled for this April, is no longer the main driver of bullish momentum in the cryptocurrency market. According to the analytics firm, the influence of the
Bitcoin has recently experienced a decline in price after briefly surpassing the $72,000 mark on April 8. One of the key factors contributing to this price drop is the upcoming release of the March Consumer Price Index (CPI) data on April 10. Market experts anticipate that the report will indicate a rise in overall inflation,
Bitcoin, the undisputed king of cryptocurrencies, has once again taken investors on a wild ride. Just days after surging over the weekend and coming close to surpassing its all-time high, the digital asset has now dipped below the crucial $70,000 mark in the last 24 hours. This sudden correction has left many wondering if the
As the countdown to Bitcoin’s halving event continues, investors are eagerly awaiting the potential market impact. Top cryptocurrency expert and trader Benjamin Cowen has raised a red flag by highlighting a trend that could lead to a significant decline in BTC’s price post-halving. Cowen suggests that if Bitcoin follows a previous pattern, there may be
Recently, cryptocurrency analyst Michael Van De Poppe made waves with his prediction that Bitcoin could reach $300,000 in the current bull cycle. This forecast comes at a time when Bitcoin has been consolidating around the $73,000 mark, unable to sustain further growth. However, Poppe remains optimistic about Bitcoin’s short-term prospects, especially with the upcoming Bitcoin
Bitcoin set a new all-time high price of $73,750 at the beginning of 2024, marking an incredible 73% gain in the first quarter of the year. Despite a subsequent decline in the value, the biggest stakeholders in Bitcoin have shown a consistent trend of accumulation throughout the first three months of the year. This accumulation