The intersection of artificial intelligence (AI) and crypto is poised to unleash a notable wave that could add a staggering $20 trillion to the global gross domestic product (GDP) by 2030, according to a recent report by Bitcoin ETF issuer Bitwise. The study by analyst Juan Leon highlights the potential magnitude of this synergy, which…
Despite the price crash after rising to $69,000, the Bitcoin price remains in the game, with bulls continuing to hold up the support above $67,000. Bullish sentiment also continues to prevail, with the market still being fairly greedy amid expectations that the pioneer cryptocurrency is gearing up for a significant price jump from here. Bitcoin…
At spot rates, Bitcoin is firm, but traders doubt the uptrend following the unexpected dump on June 11. Currently, Bitcoin is stable, trending above $67,000 and down despite gains on June 12. Still, even at this level, there are concerns because the coin, despite all the confidence across the board, remains below $72,000. This reaction…
The winds of change are blowing in the Bitcoin market, bringing a fresh wave of short-term traders while veteran holders remain steadfast in their convictions. A recent report by Bitfinex Alpha reveals a fascinating dichotomy in investor behavior, with new players chasing quick profits and seasoned hodlers (hold on for dear life) accumulating for the…
According to an analysis shared by renowned crypto analyst Gert van Lagen, the Bitcoin price chart has illustrated a significant technical pattern in the 3-day chart (BTC/USD) that could potentially signal an upsurge to as high as $300,000. Known as the “Cup with Handle,” this pattern is celebrated among traders for its predictive reliability and…
Bitcoin price started a strong increase above $68,500. BTC even tested $70,000, but post-fed there was a major bearish reaction. Bitcoin started another decline from the $70,000 resistance zone. The price is trading below $68,550 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $67,500 on…
Glassnode has discussed in a new report the reasons behind Bitcoin moving sideways despite inflows into the spot exchange-traded funds (ETFs). Why Bitcoin Has Been Stagnant Despite Spot ETF Inflows In its latest weekly report, the analytics firm Glassnode has talked about how the impressive inflows into the US spot ETFs have failed to make…
Prominent crypto analyst Dave the Wave has provided a bullish narrative for Bitcoin despite the flagship crypto’s recent setback. As part of his analysis, he suggested how high Bitcoin could rise in the short and long term. Bitcoin To Rise To As High As $300,000 Dave the Wave suggested in an X (formerly Twitter) post…
Bitcoin remains stuck in a one-month range between $65,000 and $72,000. The price continues to react up and down to macro triggers, but is still unable to push on to new highs. On Wednesday, as anticipated, the Federal Open Market Committee (FOMC) of the U.S. Federal Reserve decided to maintain its target federal funds rate…
Data of an on-chain indicator could suggest Bitcoin is currently not at a stage where its price would be at a significant risk of facing correction. Bitcoin 365-Day MA Growth Rate Is Sitting Below Historical Overheated Zone In a post on X, CryptoQuant author Axel Adler Jr has discussed about the recent trend in the…