The first half of 2024 was more than successful for Bitcoin (BTC), whose price reached an all-time high of over $73,500 in mid-March. It currently trades for an increase of around 115% on a yearly scale. In the following lines, we will touch upon some essential factors and upcoming events that could push BTC to […]
Despite the lower spot price overnight, data suggests considerable institutional interest in December 2024 $100,000 calls. This indicates an even stronger confidence in a year-end rally for the world’s largest crypto, particularly as the likelihood of former US President Donald Trump’s victory rises. Sizeable Institutional Interest In its latest update, crypto trading firm, QCP Capital […]
Bitfinex analysts have warned crypto investors to be cautious as bitcoin’s (BTC) recovery over the weekend is not a sign that its correction is over; the asset could witness more bloodshed in the near term. In the latest Bitfinex Alpha report, experts deemed the market’s reaction this week critical, especially as supply alleviated over the […]
Just as Bitcoin reclaimed the $63,000 level at the start of this week, Whale Alert has identified the activation of a dormant address containing 1,000 BTC, worth approximately $60 million, on July 15th, after more than a decade of inactivity. This wallet initially received the stash around 11 years and 9 months ago, on September […]
The Bitcoin price has recovered above the pivotal $60K mark, causing many to believe that the bulls are back and a larger rally is in play. At the time of this writing, BTC trades at above $61K, charting an increase of more than 4% in the past 24 hours alone. Source: TradingView As seen […]
The biggest news in the past 24 hours involved the Republican presidential candidate in the US – Donald Trump – who was shot at during a rally in Pennsylvania. The news made all headlines in the past several hours and even resulted in massive volatility in the crypto markets during the weekend, which is quite […]
Bitcoin’s correction this month may be short-lived as institutions appear to have taken the drawdown as a juicy buying opportunity, according to on-chain data. The findings arise alongside other blockchain-based signals suggesting that Bitcoin’s price is at an appetizing entry point. Institutions Just Bought The Dip As shared by market intelligence platform CryptoQuant on Thursday, […]
TL;DR Drake lost a substantial Bitcoin bet after Canada was defeated by Argentina in the Copa America semi-final. His history of significant betting losses has led to the phrase “the Drake curse,” suggesting teams or athletes he supports tend to perform poorly. Betting Against Lionel Messi The Canadian musician and actor Aubrey Drake Graham (better […]
Bitcoin is currently down 23% from its peak price, with most of those losses coming over the past week. The summer crash had been predicted on the premise that the four-year cycle was too early to peak. On July 7, market analyst Benjamin Cowen eyed the Bitcoin bull market support band (BMSB) as a key […]
TL;DR Bitcoin experienced a significant correction, dropping below $54,000. While some see this as a potential end to the bull market, others believe it’s a normal part of Bitcoin’s growth and advise holding steady. Many analysts predict a future rally based on historical patterns and the recent halving, although a few suggest the bull run […]