Institutional demand for bitcoin appears to be cooling after a strong start to the month. On Thursday, investors withdrew a combined $171.12 million from the 11 U.S.-listed spot bitcoin exchange-traded funds, marking the largest single-day outflow in just over three weeks, according to data from SoSoValue. BlackRock’s IBIT saw $41.92 million in outflows, while funds
As discussions about technical analysis continue in the cryptocurrency markets, experienced trader Peter Brandt issued a noteworthy warning regarding the Bitcoin chart. Brandt, in his assessment made on the social media platform X, stated that Bitcoin has formed a “rising wedge” pattern. This formation, frequently observed in technical analysis, typically appears during an uptrend and
Ukraine has complicated President Donald Trump’s efforts to stabilize oil markets amid the Iran war, amplifying risks for financial markets, including cryptocurrencies. For nearly a month, markets have been gripped by a single concern: the Iran war. Disruptions in the Strait of Hormuz – a critical oil chokepoint – have driven prices sharply higher, stoking
A noteworthy analysis regarding the recovery process in cryptocurrency markets has been published. Data and analysis platform Ecoinometrics revealed that declines in Bitcoin price are directly related to the recovery period. According to an analysis shared by the platform via X, the deeper the decline in Bitcoin, the longer it takes to return to its
Bitcoin price failed to stay above $70,500 and declined further. $BTC is now consolidating below $70,500 and might continue to move down. Bitcoin started a fresh decline from well above the $71,200 zone. The price is trading below $70,500 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance
Story Highlights Bitcoin has fallen below $70K as whales and retailers alike accumulate on every price dip. A divergence in which LTH buying overwhelms micro-wallet selling could catapult $BTC to new highs. Near-term action could be bearish, in line with historical trends and prevailing macroeconomic/geopolitical events. Bitcoin ($BTC) has recently breached the key psychological support
Bitcoin slipped on Thursday alongside U.S. equities as investors weighed conflicting accounts regarding Iran leadership’s willingness to negotiate an end to the conflict in the Middle East. The digital asset recently changed hands around $69,170, a 2.3% decrease over the past day, according to CoinGecko. Bitcoin had dipped closer to $68,000 earlier in the afternoon
MicroStrategy appears to be the only major corporate buyer of Bitcoin right now, raising concerns about the strength of institutional demand. Recent data shows the firm purchased roughly 45,000 $BTC in the past 30 days, while all other treasury companies combined bought just around 1,000 $BTC. That marks a near-total collapse in participation across the
Bitcoin fell 3.6% as geopolitical tensions between the U.S. and Iran rattled global markets. The cryptocurrency dropped from a high of $71,405 to $68,123, cutting its market capitalization to $1.36 trillion and dragging the broader crypto economy to $2.43 trillion. Bitcoin Slides on Geopolitical Tensions Bitcoin once again fell victim to shifting investor sentiment amid
Metaplanet’s March 25 program in Yokohama felt more like a company attempting to define a new moment rather than holding a simple investor relations exercise. On paper, the Japan Bitcoin Future Forum was a half-day conference built around themes like “Japan’s Bitcoin Moment,” corporate treasury strategy, regulation, and Japan’s economic future. Metaplanet Addresses Investors as