In the past week, Bitcoin recorded an overall positive performance, gaining by 3.45%, according to data from CoinMarketCap. This price rise adds to BTC’s bullish form in the last 30 days, during which the maiden cryptocurrency has surged by 16.78%. However, despite this market uptick, there appears to be a growing trend of caution among…
On-chain data shows Bitcoin whales have sold $2.2 billion worth of BTC in the past week, but price has continued to hold strong so far. Bitcoin Whales Have Distributed Around 50,000 BTC In Past Week As pointed out by an analyst in a post on X, the BTC whales have been participating in some selling…
Bitcoin price is gaining pace and trading above the $44,000 resistance. BTC could continue to rise once it clears the $44,500 and $45,000 resistance levels. Bitcoin started a decent increase above the $43,500 resistance zone. The price is trading above $43,500 and the 100 hourly Simple moving average. There is a key bullish trend line…
Matrixport, a crypto financial services firm founded by Jihan Wu, former CEO of Bitmain has recently shared a summary that delves into its forecast for Bitcoin, predicting a significant surge in its price. Founded in 2019, Matrixport has been closely monitoring Bitcoin’s market dynamics and trends. Their recent analysis suggests a robust future for Bitcoin,…
The crypto industry went through a period of evolution in 2023 to reiterate its position in the global market. This evolution was particularly spearheaded by Bitcoin’s dominance, with the crypto registering gains in the last quarter that were practically absent in the earlier parts of the year. All the signs are there; interest is picking…
The lightning network is a scaling solution built for the Bitcoin blockchain. It operates as a “Layer-2” or “second-layer” on top of Bitcoin. Developers, soon after Bitcoin began gaining popularity, began exploring solutions for scaling the network. The Bitcoin and Blockchain trilemma The Blockchain trilemma is the inevitable trade-off a blockchain has to make between…
Bitcoin price is moving higher and recently broke the $43,500 resistance. BTC is still in a strong uptrend and might gain pace for a move above $45,000. Bitcoin extended its increase and climbed above the $43,500 resistance zone. The price is trading above $43,000 and the 100 hourly Simple moving average. There is a connecting…
Rena Shah is a former petroleum engineer turned Bitcoin strategist at Trust Machines. Trust Machines has the goal of onboarding 1 billion people into Bitcoin. Why you should listen Trust Machines is building the largest ecosystem of Bitcoin applications to maximize the value of the Bitcoin network. They are Bitcoin layer agnostic and currently use…
A report by K33 research analysts has provided insight into how much institutional investors’ appetite for Bitcoin has increased ahead of a potential approval of a Spot BTC ETF. The research firm emphasized a particular indicator to drive home their point and provided further insight into what the future holds if these ETFs get approved.…
As 2024 approaches, crypto analytics firm Nansen offers insightful predictions for the crypto sector, anticipating significant developments and shifts. Despite cautious optimism, they acknowledge a 10-20% chance of inflation resurgence after the US Federal Reserve (Fed) pivot, potentially impacting crypto prices. Related Reading: Ethereum Price Close Below $2,120 Could Spark Larger Degree Decline As of…