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
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
Short-term Bitcoin holders have been actively accumulating Bitcoin since December 2023, with over 1.2 million BTC being acquired. The surge in interest can be attributed to various factors, such as the launch of Spot Bitcoin ETFs in the US, which garnered significant attention from investors. This increased interest has led to a bullish period for
There has been a recent surge in optimism surrounding the price of Bitcoin, with some analysts predicting that it will skyrocket to $1 million in the near future. Pseudonymous crypto analyst PlanB is one of those making bold claims, stating that Bitcoin hitting $100,000 this year is inevitable, with $1 million being a huge possibility
The recent sharp downturn in the Bitcoin price, dropping below $67,000, has caused concern among investors. However, crypto analyst Michael van de Poppe has taken a more optimistic stance, urging the crypto community to seize the opportunity to buy more Bitcoin at a lower price. In a recent post on X (formerly Twitter), Poppe shared
Recent on-chain data indicates that Tether, the largest stablecoin issuer globally, has increased its Bitcoin holdings significantly. Specifically, Tether acquired 8,888 Bitcoin on March 31, bringing its total holdings to nearly 75,400 BTC. This move solidifies Tether as one of the largest Bitcoin holders in the market, surpassing even some of the most prominent crypto
As the Bitcoin Halving rapidly approaches, the countdown begins with less than 2,900 blocks left before miners’ rewards are cut in half. Coinwarz data indicates that the Bitcoin Halving is scheduled to occur on April 19 at Block 840,000. Although this projection is based on Bitcoin’s current block time average, the Halving may happen a