TL;DR Months after it was declared a ghost town, the Bitcoin network has picked up pace again, with the number of active addresses skyrocketing to over 900,000. At the same time, a popular technical indicator has flashed a buy signal, suggesting that BTC’s price could be primed for another run in the short term. Network […]
Bitcoin’s gradual price increases led the asset to a multi-month peak of over $98,000 yesterday, but it was stopped before even having the chance to challenge the $100,000 mark. Most altcoins have followed suit today with minor losses, led by 3% declines from AVAX and PEPE. BTC Stopped at $98K It was the beginning of […]
Around 27,000 Bitcoin options contracts will expire on Friday, May 2, and they have a notional value of roughly $2.54 billion. This week’s event is around average compared to previous weeks, while derivatives crypto trading has remained muted as spot markets show signs of recovery. Bitcoin Options Expiry This week’s batch of Bitcoin options contracts […]
Bitcoin has reclaimed bullish control after breaking through a major resistance at $95K. However, all eyes are now on the looming psychological barrier at $100K, a critical level that could either trigger profit-taking or act as a springboard toward new all-time highs. Technical Analysis By ShayanMarkets The Daily Chart BTC’s recent breakout above the decisive […]
Bitcoin had a volatile and violent start to Q2 as its price tumbled at the beginning of April to a five-month low of under $75,000. This massacre transpired during the darkest days (for now) of US President Trump’s escalating trade war against the rest of the world. As his policy and intentions became clearer and […]
Bitcoin balances on exchanges just hit a five-year low, reported BTC financial services firm Swan on May 1. “Strategy just added 15,000 more BTC, ETFs are stacking, and sovereign wealth is circling,” they observed before asking, “So why isn’t the price exploding?” Bitcoin has encountered resistance at the $95,000 level and has remained in consolidation […]
The overall demand and interest for the spot Bitcoin ETFs in the US has returned in full force as the products have recorded an impressive streak of seven consecutive days of net inflows. On April 28, though, many showed signs of weakness, while BlackRock’s IBIT stole the show with a multi-month record. IBIT Sees Almost […]
“Bitcoin fundamentals have turned bullish, not a bad setup to break all-time highs,” said technical analyst Willy Woo on April 27. He added that capital flows into the network “are ramping up,” sharing a chart that showed an increase in 30-day total flows and a decrease in 30-day speculative flows. “Both total and speculative flows […]
According to data from most exchanges, Bitcoin surged past $95,000 on Friday and early Sunday after a volatile ride in the past several weeks. Up more than 11% over the last seven days and with a market cap hovering just under $1.88 trillion, BTC has social media ablaze with shouts of $100K+ price predictions, even […]
Bitcoin’s continuous rally that started earlier this week finally came to a halt at $96,000 as the asset failed to breach that level and has dropped by around two grand since then. Many altcoins have produced even more painful declines over the past 24 hours, including SOL, DOGE, ADA, and SHIB. BTC Rally Paused It […]