Bitcoin may be hitting new highs, but the leading cryptocurrency’s ascent could be much slower than previous cycles. That’s because volatility in the biggest and oldest digital coin is dampening, experts told Decrypt. And as the asset matures and sophisticated traders make more intelligent bets with Bitcoin, it’s unlikely to boom as quickly as before.
Russian investors have bought Bitcoin futures worth more than $16 million in less than a month of trading, according to stats released by the Central Bank of Russia. Private individuals account for the majority of purchases, the monetary authority noted, reminding Russian citizens that crypto derivatives carry similar risks to their underlying assets. CBR gauges
The Bitcoin (BTC) price has broken above the overhead barrier and has risen to a high of $118,790. Bitcoin price long-term prediction: bullish The bullish momentum has stalled below the high of $118,000 but remains below the $116,000 support. On the downside, BTC price has previously declined and found support above the crucial level before
While Bitcoin (BTC) rips through fresh all-time highs, climbing above $118K and $120K within reach, the metrics of the rally are getting far more complex than just bullish sentiment. On-chain data shows an emerging imbalance in supply and demand reminiscent of late 2020. BTC price is now up by 105% over the last year and
Bitcoin’s (BTC) ongoing bullish run shows no signs of slowing, with an analyst projecting that the asset could reach $200,000 by 2025. To this end, trading expert Michaël van de Poppe forecasts that Bitcoin will reach a record high of $250,000 by Q4 2025, according to his July 11 post on X. He expects the
In a recent tweet, the on-chain analytics platform Glassnode weighs in on the notion that falling exchange balances automatically indicate a supply shock, calling it a “meme.” Bitcoin’s percent supply on exchanges fell below 15% for the first time since 2018, with some analysts seeing this as indicating a supply shock as institutional demand from
Pete Rizzo, a Bitcoin historian and journalist, has published an X post about the rapidly growing US-dollar worth of the Bitcoin stash that is held in the wallet of the mysterious BTC creator Satoshi Nakamoto. Satoshi is close to outranking Buffett by wealth size According to the screenshot posted by Rizzo, Satoshi currently sits between
The world of digital assets continues to evolve at a rapid pace, with traditional finance increasingly recognizing the long-term value proposition of cryptocurrencies. In a recent development that underscores this growing trend, Bitcoin Treasury Capital, a Swedish-listed company dedicated to holding Bitcoin as a treasury asset, announced another significant purchase. This time, the firm added
Bitcoin’s momentum cooled slightly after reaching a new all-time high of $118,839, yet the broader trend remains bullish. With bitcoin trading at $118,142, holding a market capitalization of $2.34 trillion, and posting a 24-hour trading volume of $39.03 billion within a range of $116,847 to $118,158, traders are cautiously eyeing the next move. Bitcoin On
At the time of writing bitcoin BTC$117,505.95 is hovering around the $118,000 level, flirting with the idea of setting a new all-time high this weekend. On Friday, Bloomberg Senior ETF Analyst Eric Balchunas noted on X that BlackRock’s spot Bitcoin ETF (IBIT) had reached an important milestone at the close of trading on the previous