As bitcoin $BTC$66,010.81 regains its footing, optimism has returned to the market, and several observers are calling the recent price rise the start of a decisive bull run for valuations well beyond last year’s $126,000 peak. But a look back at trends in bitcoin and Nasdaq valuations, adjusted for the cost of capital represented by
In a recent podcast, Bitcoin analyst Natalie Brunell asked David Hunter, Chief Macro Strategist, for his outlook on Bitcoin price. Hunter had previously warned that Bitcoin could fall from above $100,000 to $75,000, a call that played out. According to him, the cryptocurrency could potentially fall as low as $50,000. However, Hunter made it clear
Bitcoin could be entering a new phase after months of weakness, with Michael Saylor suggesting that the market may have already found its bottom. Speaking live on CNBC, Saylor said Bitcoin peaked near $125,000 in October before falling to around $60,000. He now believes the market is entering what he called the “spring phase.” “At
Binance, one of the largest cryptocurrency exchanges, has attracted attention with its high volume of Bitcoin ($BTC) withdrawals in the last 24 hours. According to an analysis published by the on-chain analytics company Ruga Research, a total of 9,030 $BTC, worth approximately $589 million, was withdrawn from Binance in the last day. This figure marks
Bitcoin adoption in the US has surpassed a remarkable milestone. According to a report based on data from the digital asset finance company River, the number of people owning Bitcoin (BTC) in the country has exceeded the number of people owning gold for the first time. The study indicates that approximately 49.6 million Americans own
The market narrative is finally shifting from a local bottom to a macro bottom. From a technical standpoint, Bitcoin’s breakout above $66,000 has sparked a wave of bullish sentiment. Many analysts are arguing that the cycle low may already be in. While $BTC was stuck consolidating between $60k- $65k, the discussion largely revolved around whether
Bitcoin’s miner-linked over-the-counter [OTC] balances continue shrinking. That means – fewer coins remain available for large private transactions. Since November 2021, holdings have dropped from 500,000 $BTC to 139,700 $BTC, a decline of nearly 72%. Miners drew down their inventory over time without meaningfully rebuilding it after the 2024 halving. Source: CryptoQuant As a result,
On July 21, Bitcoin ($BTC) witnessed upward momentum after witnessing steady inflows for 5 consecutive days in exchange-traded funds. Bitcoin ETF Records Steady Inflows Despite Turmoil in Crypto Market On July 20, Bitcoin ETFs recorded $226.8 million in inflows, according to Farside. This is the fifth straight day of positive flows, bringing the total to
Bitcoin ($BTC) whales (accounts holding between 1,000 and 10,000 $BTC) have been consistently accumulating the cryptocurrency since late May. This period of accumulation began in early May, when prices were around $80,000, and has continued even as prices declined 17.25% to a current $66,256. Whales load up on Bitcoin despite market swings Unlike previous months,