Bitcoin experienced a significant 6.0% drop in the past 24 hours, sparking fear and uncertainty among traders. However, this dip has also led to discussions about a potential relief rally on the horizon. 📺 After #Bitcoin's -6.0% drop in the past 24 hours, we're starting to see an appealing level […]
Tag: ETFs
Bitcoin Price Fluctuates Amid Predictions And Transaction Fee Surge
Bitcoin experienced a volatile trading session today, with its price fluctuating between highs of $65,000 and lows of $62,000. Analysts are closely monitoring these fluctuations and making predictions about future price movements using advanced models. According to predictions by The spotonchain’s analyst team utilizing Vertex AI from Google Cloud, Bitcoin’s […]
Bitcoin Halving Aftermath: Analyzing Market Sentiment And Predictions
The aftermath of the April 19th Bitcoin halving has sparked varied narratives within the cryptocurrency community. While historical price data post-halving events tends to lean bullish, the trajectory of Bitcoin’s climb to $75K, $100K, and beyond hinges on several factors, including whale and shark behavior, the circulation of dormant coins, […]
Bitcoin Positioned For Potential Rebound As Key Support Zone Holds Strong
Bitcoin is currently teetering on a crucial demand zone, where approximately 1.66 million addresses have acquired it at an average price of $64,800. This zone holds significant potential to serve as a robust support level, offering a buffer against further downward pressure in the market. Bitcoin is currently positioned right […]
Bitcoin Rallies Ahead Of Halving Event Amidst Bearish Sentiment In Crypto Markets
Today, the crypto markets received a significant boost as Bitcoin surged back to $64.9K, just hours before its highly anticipated halving event. This resurgence in Bitcoin’s price has sparked optimism among investors, signaling potential upward momentum in the market. 📈 #Crypto markets have seen a boost today, as #Bitcoin has […]
Market Dynamics Point To Potential Cryptocurrency Surge As Traders Get Set For Another Bitcoin Pump
Cryptocurrency traders are accustomed to Bitcoin and other assets charting their own course, often independent of traditional stocks and industries. However, recent highs in the S&P 500 and gold markets are generating a buzz within the crypto community, with many anticipating a positive divergence that could drive BTC and altcoins […]
Bitcoin Short Liquidations Totaling Nearly $40 Million Amidst Price Surge
Short positions in Bitcoin worth almost $40 million were liquidated within the past 24 hours as the cryptocurrency’s price surged upwards. As Bitcoin surpassed the $68,000 mark, short positions were swiftly eliminated, resulting in significant liquidations. During the last 24 hours, the leading digital asset by market capitalization experienced a […]
Analyzing The Impact Of ETFs On Bitcoin’s Market Dynamics
As the cryptocurrency market continues to evolve, the influence of exchange-traded funds (ETFs) on Bitcoin’s price and availability has become a focal point for traders. With ETFs gaining significant purchasing power, some experts predict that their impact may overshadow the traditional supply squeeze effect of Bitcoin’s impending halving. Traders are […]
Bitcoin ETFs Experience Surge In Net Inflows Amidst Market Volatility
Recent data indicates a significant uptick in net inflows into Bitcoin spot exchange-traded funds (ETFs) on March 15th, signaling heightened investor interest amidst market fluctuations. On March 15th, the total net inflow of Bitcoin spot ETFs was $198 million. Grayscale ETF GBTC had a net outflow of $139 million for […]
Bitcoin’s Approaching Halving Captures Market Attention
As Bitcoin steadily approaches its final five weeks before the much-anticipated halving event, all eyes remain fixated on its price action and the continuous surge to All-Time High levels. Alongside this fervor, the growing influence of Blackrock and AI assets in the cryptocurrency sphere is also drawing significant crowd interest […]
Bitcoin ETFs See Record Inflows As Bitcoin Hits New High
Today marked a historic milestone for Bitcoin exchange-traded funds (ETFs) as total net inflows surged to an unprecedented $1.05 billion, setting a new single-day record since the inception of ETF trading. According to SoSoValue data, on March 12, the total net inflow into Bitcoin spot ETFs reached $1.05 billion, setting […]
Bitcoin Hits New All-Time High At $70,199 Amid Altcoin Disinterest
Bitcoin made headlines yesterday by reaching a new all-time high of $70,199 on Coinbase, marking another significant milestone for the cryptocurrency. While this achievement is noteworthy, the trading community is currently exhibiting a blend of fatigue and disinterest in altcoins. 🥳 #Bitcoin has established yet another new #AllTimeHigh today, reaching […]
TRON Network Surpasses 95 Million Addresses: A Sign Of Growth
The TRON network has achieved a remarkable milestone, surpassing 95 million addresses. This figure is particularly noteworthy when compared to other layer 1 networks like Cardano and Avalanche, which have fewer than 10 million addresses each. There are more than 95 million TRON network addresses! Quite an impressive number, considering […]
Bitcoin ETF Inflows Surge To Over $232M As Investors Flock To Cryptocurrency
The influx of funds into Bitcoin Exchange-Traded Funds (ETFs) has reached a staggering $233 million, signaling a notable surge in investor interest in the cryptocurrency. Despite the inherent volatility of the market, Bitcoin has maintained a relatively stable price, hovering consistently around $51,000. On February 23, reports from SoSoValue indicated […]
Bitcoin ETFs Volume Reach Record Highs Amid Market Dynamics
Bitcoin exchange-traded funds (ETFs) witnessed unprecedented trading activity, setting new daily volume records, possibly influenced by the closure of markets for Presidents Day. 📈 #Bitcoin #ETF volumes & inflows have seen record daily highs, perhaps aided by closed markets for #PresidentsDay. Amongst the 7 largest ETF's, there was a combined […]
Bitcoin ETF Trading Volume Surges Amidst Price Rally
In a resurgence of activity, Bitcoin’s ETF trading volume has soared in mid-February, surpassing $1.8 billion per day across the seven most prominent ETFs: GBTC, IBIT, FBTC, ARKB, BTCO, BITB, and HODL. This surge in trading volume coincided with Bitcoin’s breach of the $50,000 mark earlier this week, signaling a […]
Bitcoin Trading Volume Surges As Market Value Tops $50K
Bitcoin’s trading volume surged to a highly-high as its market value peaked at $50k during the weekend frenzy, marking a +18% growth week. While Ethereum also experienced a slight boost, most other trading volumes remained relatively stagnant in comparison. 🚨 JUST IN: #Bitcoin Hits $50kFirst time since 12 months ago […]
Ethereum Witnesses Massive Withdrawals From Exchanges Amid ETF Speculation
Ethereum stakers and holders received encouraging news this week as reports surfaced of significant Ethereum withdrawals from crypto exchanges. Over the past week alone, approximately $500 million worth of Ethereum was withdrawn from exchanges, contributing to a total outflow of $1.2 billion in Ethereum over the past month. Notably, around […]