After hitting a new all-time high just last Thursday, Bitcoin’s price has plummeted by over $10,000 in a week. A new analysis suggests the sharp correction stems from a key factor: a slowdown in demand across the Bitcoin market. Bitcoin Demand Slowing Down Julio Moreno, head of research at on-chain platform CryptoQuant, shared this view
In a thread on August 19, analyst Miles Deutscher argued that MicroStrategy’s market-implied net asset value (mNAV) premium—the core gear in Michael Saylor’s Bitcoin acquisition flywheel—has compressed sharply, weakening the feedback loop that helped the company outpace Bitcoin through most of the cycle. “Michael Saylor built the craziest BTC flywheel in history. But his buying
A widely followed crypto strategist is drawing the line in the sand for Bitcoin (BTC) to trigger rallies toward new all-time highs. In a video shared with his 475,400 followers on X, pseudonymous crypto trader Credible says Bitcoin needs to stay above a crucial price area to spark wave three of a five-wave surge that
JACKSON HOLE, Wyo. — U.S. President Donald Trump’s son, Eric Trump, is convinced bitcoin BTC$114,274.21 will eventually be worth over $1 million. Trump, who co-founded bitcoin mining company American Bitcoin earlier this year, reiterated his excitement for bitcoin during an appearance at the SALT conference in Jackson Hole on Wednesday. He even called himself a
After hitting a new all-time high (ATH) of $124,474 on Binance on August 13, Bitcoin (BTC) has tumbled toward $113,000, with the next major support zone around $110,000. Analysts warn that more downside could still be ahead for the top cryptocurrency. Bitcoin To Fall More? Crowded Long Trade Gives Hint According to a CryptoQuant Quicktake
When one of the world’s leading macroeconomists publicly apologizes for underestimating Bitcoin, it’s worth paying attention. Ken Rogoff is a formidable scholar, and over the last decade—from my professor days at MIT to the design of Libra—I’ve learned a great deal from conversations with him. He has trained some of the best macroeconomists in the
Coinbase CEO Brian Armstrong said that bitcoin BTC$114,289.98 could hit $1 million per token by the end of the decade, adding his voice to a growing chorus of high-profile crypto advocates calling for explosive growth. “I think we’ll see $1 million per bitcoin by 2030,” Armstrong said in a post on X this week while
Cryptocurrency analyst Axel Adler commented on the Bitcoin price, which has been declining in recent days. According to Adler, the pullback experienced by the market is still limited and important support levels are maintained. Adler noted that Bitcoin has only retreated 8% from its local peak, noting that medium-term support lies at the 111-day moving
The cryptocurrency appears to have stabilized around $114K, but the same can’t be said for the stock market, which edged lower as tech stocks continued to underperform. Traditional Markets Plunge, But Bitcoin Remains Steady Bitcoin ( BTC) hovered around $114K on Wednesday afternoon while stocks fell across all major indices for a second consecutive day.
A closely followed trader known for calling the market cycle top in 2021 predicts that Bitcoin (BTC) and gold will continue to mount rallies. The pseudonymous trader known as Dave the Wave tells his 153,100 X followers that gold remains trading within a key range and may soon print a bullish retest of an upward