Glassnode has suggested that the upcoming Bitcoin halving might not result in a supply squeeze that the market may have anticipated. Bitcoin Halving May Not Carry Same Impact Due To Spot ETFs In a new report, the on-chain analytics firm Glassnode has discussed the impact the next Bitcoin halving may have on the economics of…
XRP continues to maintain its spot as one of the leading cryptocurrency assets in the crypto market today after witnessing a notable rally starting the day at the $0.64 price mark, putting it in the limelight. Although the price of XRP is still lagging behind its all-time high level of $3.30, some analysis indicates that…
After capitulating on March 19, Bitcoin recovered on March 20. However, while the crypto community expects more rapid gains, even above the all-time highs of around $73,800, Willy Woo, an on-chain analyst, thinks the coin will likely consolidate in the days ahead. SOPR Peaked At An Unusually High Level: Profit-Taking? Taking to X, Woo listed several on-chain…
Bitcoin remains under pressure when writing and is within a bearish formation following sharp losses on March 19. While prices tank, one analyst on X thinks this retracement aligns with historical performance, especially as the network prepares to slash miner rewards in April 2024. Bitcoin Retracement Similar To Pre-Halving Cool-Off Of 2020 Based on the analyst’s assessment,…
Bitcoin’s recent downturn has prompted renowned crypto analyst Willy Woo to offer a fresh perspective on the cryptocurrency’s future trajectory. Woo’s analysis, based on the surge in Bitcoin’s Macro Index, suggests an optimistic outlook for the leading digital currency, potentially indicating a pivotal shift in market dynamics. Unveiling Bitcoin Double Pump Prediction Willy Woo, a…
PlanB, a popular name within the Bitcoin community, thanks to his Stock-to-Flow (S2F) model, has shared the latest discourse on X, igniting a flurry of excitement and speculation. This discourse particularly highlights BTC’s potential journey through successive halving cycles. PlanB’s analysis, deeply rooted in the S2F model, presents a narrative for Bitcoin’s future. This model scrutinizes…
The price of Bitcoin has been on a downward trend since it reached a new all-time of $73,000, ushering in a wave of speculations regarding the crypto asset’s next direction in the short term. In the past few days, Bitcoin’s recent dip has triggered a general crypto market retracement. With the Bitcoin Halving event fast…
Bitcoin (BTC) has drawn much attention in the last few weeks, with a stunning price surge leading to a new all-time high of $73,750. Largely defined as the pre-halving rally, BTC’s bolstering gains have been followed by significant price correction, with the crypto market leader trading as low as $65,630 on March 15. While the…
Bitcoin’s futures market is showcasing signs that have historically signalled bullish sentiment. Analysts are turning their attention to the Bitcoin futures basis—a metric representing the differential between the futures price of Bitcoin and its spot price. Recent data has revealed that this basis has escalated to unprecedented levels since Bitcoin’s all-time high of $69,000 in…
Amid the bullish sentiment around the crypto landscape, the Altcoin overall market cap has displayed positive strength as many investors and traders are throwing capital into several altcoins ahead of the bull cycle. Altcoin Market To Rally Toward $425 Billion Since Bitcoin has surged to a new record high, many cryptocurrency analysts anticipate a surge…