Bitcoin continues to follow a long-term structural pattern that has shaped previous market cycles and remains bullish as long as this sustains. The largest cryptocurrency by market cap is down 44% from its all-time high of $126,200 in October, a move that has rippled through the broader market. However, this could be part of a
Bitcoin continued trading in a local uptrend ahead of the trading session, extending the recovery that began earlier this week. Market analysts say that the current move appears to be developing within a classic ABC corrective structure, a pattern often used in Elliott Wave analysis to identify short-term price movements. The recent upward move is
Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, sold a record amount of its perpetual preferred equity, Stretch (STRC), after amending its sales rules on Monday. Strategy is estimated to have bought 1,420 Bitcoin ($BTC) in a single day after selling roughly 2.4 million STRC shares through its at-the-market (ATM) program, according to
BlackRock’s iShares Bitcoin Trust ETF (IBIT) opened this week on Monday with a net cash inflow as Bitcoin ($BTC) price rebounded above $71,000 on Tuesday, March 10. The IBIT, which has more than $53.2 billion in net assets under management (AUM), recorded a net cash inflow of about $109.31 million on Monday. As such, the
The price of Bitcoin is ticking up, but remains rangebound after having climbed 3% to $71,255 in the past day. Investors have been cautious amid threats from President Donald Trump on social media that “death, fire, and fury will reign” if Iran stops the flow of oil coming out of the region. Barrels of Brent
The Bitcoin funding rate 30-day percentile has crashed to a 3-year low of 6%, indicating increased short positions in the market. Bitcoin (BTC) has had a difficult 2025, dropping 18% since the year began amid the downtrend that has persisted since Q4 2025. However, a small recovery has emerged recently, with tensions in the Middle
Veteran trader Peter Brandt has mocked the growing bullish excitement around Bitcoin, joking that “drug use is at an all-time high among Bitcoin bulls.” This comes as speculation about a parabolic rally spreads across social media. Brandt made the remark while responding to a post from the crypto account Trending Bitcoin, which shared a chart
In her analysis of recent market developments, ARK Invest CEO Cathie Wood highlighted Bitcoin’s position relative to traditional assets, arguing that cryptocurrency is at the heart of the new global monetary system. Cathie Wood, a name closely followed in the financial world, addressed the turning points in the economy and technology world in her latest
Cryptocurrencies are extending their advances on Tuesday as easing concerns about a potential oil supply shock improved risk sentiment across global markets. The sentiment shift came after the International Energy Agency (IEA) said it would convene an extraordinary meeting of its member countries to consider releasing emergency oil reserves. Bitcoin $BTC$70,816.15 climbed above $71,500 for
Strategy, one of the largest institutional Bitcoin investors in the cryptocurrency market, continues to accelerate its Bitcoin purchases through a share issuance under its new financing model. The company reportedly purchased approximately 1,420 Bitcoin through its STRC shares issued in a transaction on Monday. With this transaction, Strategy completed one of the largest single-day issuances