Cryptocurrency markets are experiencing a significant rally after the U.S. Federal Reserve made a historic move by lowering interest rates for the first time since March 2020. Bitcoin, in particular, has surged, reaching a peak of $62.2K today. However, social sentiment is set to play a major role in where […]
Tag: btc
Bitcoin Surges Above $61K Amidst Stagnant Net Inflows
Since August, investor net inflows have reached $461 billion but have remained largely stagnant, indicating that new capital is not entering the market at an increasing rate. Despite this, Bitcoin has seen a recent boost, climbing back above $61,000 with a nearly 6% gain in the past 24 hours. Net […]
ETH/BTC Pair Drops To Lowest Level Since 2021 Amid Rising Bitcoin Dominance
The ETH/BTC trading pair has plunged to its lowest level since 2021, falling below 0.04. This decline reflects a broader trend of increasing Bitcoin dominance, raising questions about whether Ethereum has reached its bottom at $2,275 or if it might continue to weaken against Bitcoin. 📉 The ETH/BTC pair hits […]
BITCOIN PRICE ANALYSIS & PREDICTION (September 17) – BTC Loses Grip Above $60k Following 5% Drops, Where Next?Â
Last week’s trading was impressive as Bitcoin recovered from $52k, although it encountered resistance and is now losing momentum. Sentiment is now negative following a strong sell since yesterday. It’s the start of a new week for Bitcoin as it already registered losses after dropping from the $60,900 level over […]
Bitcoin Approaches $60K As New Address Count Nears Critical 350K Threshold
Crypto markets saw significant activity on Friday, with Bitcoin and Ethereum experiencing a surge in leveraged and margin trades. However, Solana’s return above $140 has attracted less attention, which some see as a bullish indicator for $SOL, as traders seem focused elsewhere. 🤑 Crypto's big Friday led to Bitcoin and […]
Altcoins Rally Amid Bitcoin And Ethereum Dips As FUD Subsides
Despite Bitcoin dipping slightly to $57.3K and Ethereum dropping to $2.3K over the past week, altcoins are seeing a resurgence. The fear, uncertainty, and doubt (FUD) surrounding major crypto assets have eased, allowing several altcoins to rebound with minimal resistance. 📊 Despite Bitcoin's slight dip ($57.3K) and Ethereum's bigger dip […]
Bitcoin Hits $58K As Retail Sentiment Improves, But Larger Holders Are Key To Sustained Rally
Bitcoin surged to $58,000 today, sparking renewed optimism among retail traders. Wallets holding less than 1 BTC now account for their largest share of the supply in seven months, signaling growing interest from smaller investors. However, for Bitcoin to return to its all-time highs, analysts suggest a different ownership pattern […]
Has Bitcoin Entered A Bear Market, Or Is This Just A Temporary Pause?
A few months ago, optimism around Bitcoin was at its peak, with many expecting new all-time highs. However, that enthusiasm has since shifted, leaving investors wondering whether this is merely a quiet phase or the start of a prolonged bear market. 🧵A few months ago, optimism was soaring, with many […]
BITCOIN PRICE ANALYSIS & PREDICTION (September 10) – BTC Is Approaching Sell Zones As It Retraces, Bigger Drops Ahead
Last Friday, Bitcoin saw a pause in selling after shedding a 12% loss in two weeks. It has been in a retracement mode for three days and is likely to resume selling as the price reaches a key breakdown level. Bitcoin’s mid-term outlook is still under the correctional phase following […]
Bitcoin Sees Major Withdrawals As Large Holders Accumulate Amid Price Decline
This week, Bitcoin experienced $728 million in withdrawals from exchanges, signaling that large holders are continuing to accumulate despite the ongoing price decline. Addresses holding between 100 and 1,000 BTC have been steadily increasing their positions, even as Bitcoin’s price remains under pressure. Bitcoin experienced $728 million in withdrawals from […]
Bitcoin Accumulation Surge: Large Holders Control 20.3% Of Circulating Supply Amid Market Pressures
Addresses holding between 100 and 1,000 BTC have significantly increased their share of the circulating Bitcoin supply, now controlling 20.3%, or approximately 4.01 million BTC. This represents a 5% rise from the 3.82 million BTC held six months ago, indicating a growing trend of accumulation among large holders. Addresses holding […]
Bitcoin Holders Remain Steady Despite Market Fluctuations
Addresses holding between 100 and 1,000 BTC have shown remarkable resilience amid recent market volatility. Over the past few months, these addresses have been steadily accumulating Bitcoin and now control 20.3% of the total circulating supply. This consistent accumulation highlights a strong belief in Bitcoin’s long-term value among significant holders. […]
Bitcoin Market Update: Bullish Sentiment Amidst Potential Downturn And Whale Activity
Bitcoin traders on Binance are showing a slight bullish inclination, with 51.79% currently holding long positions on $BTC. However, caution is in the air as a recent observation on Bitcoin’s two-month chart by analyst Ali Martinez highlights a potential trend reversal. The Stochastic RSI has shifted from bullish to bearish, […]
BITCOIN PRICE ANALYSIS & PREDICTION (September 2) – BTC Breaks Lower After A Brief Calm, Poises For Bigger Crash
Last week saw Bitcoin through another major decline but after a lot of indecisiveness around a key level, it finally broke lower and closed the week strongly bearish. It currently looks ready for a bigger fall. We recall that August started painful for Bitcoin after falling from $70k in the […]
Bitcoin Rebounds To $61.2K Amid Tight Correlation With S&P 500
Bitcoin surged to a high of $61.2K today, coinciding with a bounce in the S&P 500. While it’s debated whether crypto is leading the equities market or the other way around, the strong correlation between the two is undeniable. Historically, Bitcoin tends to break out when its correlation with equities […]
Bitcoin And Ethereum Plummet: Investors Liquidate $313 Million Amid Market Volatility
The cryptocurrency market experienced a significant downturn, with Bitcoin and Ethereum plummeting to lows of $58,034 and $2,392, respectively. This resulted in a staggering $313 million in liquidations across the network, with long orders accounting for $282 million and short orders totaling $31.36 million. Bitcoin briefly fell to a low […]
Crypto Market Sees Bloodbath: $BTC And $ETH Plummet, Whales Liquidated
The cryptocurrency market witnessed a brutal sell-off, with Bitcoin ($BTC) and Ethereum ($ETH) prices dropping by 7% and 10%, respectively. The carnage resulted in 87,405 traders being liquidated for a staggering $318.46 million in the past 24 hours. The price of $BTC dropped by ~7% and $ETH dropped by ~10%! […]
Bitcoin Bull Market Roars Back To Life: Key Levels To Watch
The Bitcoin bull market is officially back on track, according to the IFP index. On lower time frames, Bitcoin appears to be trading within a parallel channel, setting the stage for a potential price swing. The #Bitcoin bull market is officially back on, according to the IFP index! pic.twitter.com/oiTf00pwFL — […]