Bitcoin may have recently looked choppy under $70,000, but a ton of $BTC was traded then, in a sign of strong dip demand. That’s evident from blockchain data, which shows the total amount of $BTC that last moved on-chain in the $60,000-$70,000 range now stands at 1,845,766 $BTC, up from 1,001,491 $BTC on Jan. 1,
Bitcoin surged following news of a two-week ceasefire between the US and Iran. While the price climbed above $71,000, some analysts argue that certain catalysts are needed for the rally to continue. Geoff Kendrick, Head of Global Digital Assets Research at Standard Chartered, argues that Bitcoin could fall to $50,000 in the short term. Speaking
A noteworthy assessment regarding Bitcoin price movements has been shared in the cryptocurrency market. André Dragosch, Head of Research at Bitwise Europe, stated that Bitcoin sustainably surpassing the $80,000 level could signal a shift to a bull trend in the market. Dragosch stated on the social media platform X that Bitcoin’s price rose by approximately
On Apr. 7, Bitcoin, the leading cryptocurrency, briefly soared to $72,767, the highest level since March 18. $BTC/USD via TradingView The leading cryptocurrency is now up by more than 5% this month after recording its first green month in five consecutive months of bleeding. Total liquidation data Over the past 24 hours, the cryptocurrency market
Bitcoin continues to show resilience as long term investors tighten their grip on supply. Recent data reveals a sharp rise in holdings among committed participants. This trend highlights growing confidence despite ongoing market uncertainty. The latest figures show that Bitcoin long term holders now control 4.37 million $BTC. This milestone reflects sustained conviction among investors
The US-Iran conflict, which has lasted for over a month, has finally reached a temporary conclusion. Accordingly, the US and Iran announced a two-week ceasefire agreement during the night. This two-week agreement brought Brent crude down from $110 to $94, while other assets rose. As profitability increased, gold, silver, and Bitcoin all rose together, with
Bloomberg senior commodities strategist Mike McGlone shared a noteworthy assessment of Bitcoin and the cryptocurrency market in general. McGlone stated that current macroeconomic conditions are putting pressure on risky assets, and that the scenario in which the Bitcoin price could fall to the $10,000 level in the long term is becoming increasingly discussed. “Bitcoin Will
More than two years after the first 11 spot bitcoin ETFs began trading in the U.S., a 12th, issued by a top-10 Wall Street bank with $1.9 trillion in assets under management, could debut Wednesday. The Morgan Stanley Bitcoin Trust could start trading NYSE Arca under the ticker MSBT, Bloomberg’s ETF Analyst Eric Balchunas said
Two giants of the financial world, Galaxy Digital CEO Michael Novogratz and SkyBridge Capital founder Anthony Scaramucci, discussed the future of Bitcoin (BTC) amidst global economic uncertainties in their recent broadcast. Despite the general pessimism in the markets, both speakers emphasized Bitcoin’s resilience and long-term potential. “If Bitcoin’s Business Model Were Over, Its Price Would
Bitcoin’s price has lately struggled to generate sufficient demand to push itself higher. Especially since bearish sentiment has continued to dominate. However, shifting dynamics among short-term holders may be emerging. These could influence Bitcoin’s [$BTC] trajectory, particularly if a near-term bullish scenario unfolds. Bitcoin to $64,000 may trigger bulls Data from CryptoQuant highlighted the cost