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Despite the growing demand for spot Bitcoin ETFs, the price of Bitcoin (BTC) has remained remarkably steady, teetering just above the $64,000 mark. Bitcoin’s recent journey has been a wild ride, fueled by the mounting tensions between Israel and Iran. In a dramatic turn of events, the cryptocurrency’s value took a plunge last Friday, dropping … Read more
The cryptocurrency world is buzzing with speculation as renowned trader Peter Brandt casts doubt on the sustainability of Bitcoin’s current bull market. In his thought-provoking analysis titled “Has Bitcoin Reached its Peak? Examining Historical Patterns,” Brandt delves into the patterns and trends of Bitcoin’s past price cycles, raising concerns about diminishing momentum. Diminishing Momentum in … Read more
Bitcoin ETFs take a tumble as $217 million flows out of the market on April 25th, leaving investors seeing red. Funds have been at a standstill in the world of ETFs, with five major players failing to see any movement. Among them is BlackRock’s iShares Bitcoin Trust ETF (IBIT), which has been stagnant for two … Read more
The digital currency world has been surprisingly tranquil over the last 24 hours, despite the wild ride of Bitcoin’s value as it hovers near the bottom of a bullish flag formation. Zooming in, the battle between Bitcoin and the US dollar has been fierce, with the former struggling to break through the formidable $67,200 barrier. … Read more
Revolutionizing the financial world, Metaplanet Inc. has taken a bold step towards embracing the future of currency by investing a whopping ¥1 billion ($6.25 million) in Bitcoin. Following in the footsteps of industry leader MicroStrategy, Metaplanet’s decision has sent shockwaves through the market and sparked excitement among investors. This strategic move by the Japanese powerhouse … Read more
The world of cryptocurrency was sent into a tailspin as prices plummeted in the last 24 hours, wiping out any progress made following the highly anticipated Bitcoin halving. A staggering $110 billion was wiped from the global market cap, leaving it at a mere $2.36 trillion. Short-Term Jitters The crypto market was shaken as Bitcoin … Read more
Bitcoin’s current trading position is causing a stir, with the daily chart showing a downward trend. Despite a glimmer of hope earlier this week, the post-Halving crash has sent prices plummeting. The sharp decline is a clear indication that the coin faced a fierce rejection from its peak on April 13th and the middle BB. … Read more
Since the beginning of 2024, significant players in the world of Bitcoin have been quietly accumulating an additional 266,000 BTC, steadily increasing their holdings. According to the experts at Santiment, this digital currency is currently worth a whopping $17.5 billion. But that’s not all – brace yourself for the revelation that the top players, known … Read more
Introduction Of Bitcoin Mini Trust (BTC) Amidst a tumultuous period of massive capital outflows, Grayscale has decided to shake things up. The renowned company is gearing up to release a brand new Bitcoin exchange-traded fund (ETF) that promises to revolutionize the market with its unbeatable fees. This bold move comes as Grayscale strives to combat … Read more
Bitcoin’s value continues to soar as it reaches a new high of $66,082, marking a 0.22% increase from yesterday. This surge can likely be attributed to the US Manufacturing PMI, which experienced a slight dip from 51.9 to 52.2. However, the US Services PMI saw a positive shift from 51.7 to 52.3, contributing to Bitcoin’s … Read more