Story Highlights Bitcoin is down 3% today and clinging to a critical support level that could decide its next major move. A $471M liquidation event just reset the market but analysts can’t agree on what comes next. One analyst says $80K is still on the table for March. Another warns $67,500 is the real risk.
In the first week of March, escalating military conflict has turned the US dollar into one of the few assets gaining value amid market volatility. Meanwhile, stocks in many countries and precious metals face downward pressure. Analysts warn that if this situation continues, it could hinder capital flows into risk assets such as Bitcoin and
Story Highlights Public Bitcoin miners sold over 15,000 $BTC after Bitcoin reached its record $126,000 price peak. Mining firm Cango sold 4,451 $BTC to reduce its growing $407 million debt burden. Some miners like Bitdeer and Core Scientific are selling $BTC to invest in AI data centers. Publicly listed Bitcoin mining companies have sold more
The supply of Bitcoin held on centralized crypto exchanges (CEXes) has experienced a massive decline, according to the latest onchain data provided by analytics firm CryptoQuant. Bitcoin exchange reserve across all platforms has nose-dived below 2,708,000 $BTC. This is the lowest level of exchange liquidity the market has seen since November 2018. The leading cryptocurrency
Bitcoin price has staged a sharp 18% recovery from its February lows near $62,530, briefly tagging $74,150 this week. The headlines call it a comeback. On-chain data tells a different story. BeInCrypto’s own on-chain research and Glassnode’s Week On-Chain report, released this week, together point to a market distributing into relief. Not one building toward
Bitcoin staged a brief relief rally above $74,000 on Thursday, but it has already petered out as analysts predict a persistent bear market will keep momentum subdued. “Bitcoin is still in a bear market despite the recent rally,” on-chain analytics company CryptoQuant said on Thursday. The platform’s Bull Score Index, a composite indicator that measures
Bitcoin is likely to outperform gold on price performance through to 2029 after gold’s strong recent rally, says macroeconomist Lyn Alden. “If I had to bet Bitcoin versus gold over the next two to three years, I would bet Bitcoin,” Alden said on the New Era Finance podcast on Wednesday. “Gun to my head, if
The recent surge in the price of the leading cryptocurrency, Bitcoin ($BTC), pushing it above $73,000, has fueled bullish sentiment. However, according to CryptoQuant, while Bitcoin’s rise looks encouraging, it appears to be a short-term relief rally rather than the beginning of a new bull cycle. Julio Moreno, head of research at CryptoQuant, said that
Bitcoin, the leading cryptocurrency, has slowed its recent recovery at a critical technical resistance level. According to analysts, the most important level determining BTC’s short-term direction will be the $70,000 support level. The analysis indicates that the Bitcoin price is stagnating in an area where two technically significant indicators intersect. Accordingly, the price is struggling
Vancouver, Canada – February 2025. City officials have delivered a stunning recommendation to abandon Vancouver’s ambitious initiative to become a ‘Bitcoin-friendly city,’ citing fundamental legal and financial constraints. This pivotal move, reported by Decrypt, represents a significant setback for a plan championed by Mayor Ken Sim and highlights the ongoing tension between municipal innovation and