Bitcoin has had an eventful week in terms of price action. The world’s largest crypto saw an 18% increase in the past seven days, its highest percentage increase this year. This unexpected surge caused a flurry of short position liquidations, and according to Glassnode, 60,000 BTC worth of futures positions were closed. Amidst all the…
Galaxy Digital, a leading player in the digital assets sphere, has issued a bullish prediction for Bitcoin’s trajectory following the launch of the much-anticipated US-regulated spot Bitcoin ETF. According to a recent study published by the firm on October 24, the introduction of the ETF is set to considerably bolster Bitcoin’s adoption, positioning it more…
Dogecoin has been showing renewed exuberance with impressive figures this week, surging to an intraday high of $0.06525 Tuesday. This substantial rally allowed the cryptocurrency to surpass a significant resistance level positioned at $0.0640. Notably, this price breakthrough represented a momentous achievement for Dogecoin, as it hadn’t reached such heights since August 31. The cryptocurrency’s…
A ripple of excitement has recently coursed through the crypto market, particularly on Bitcoin. Bolstered by speculation regarding the impending approval of a spot Bitcoin exchange-traded fund (ETF) —a sentiment propelled by BlackRock’s iShares ETF’s appearance on the DTCC website—Bitcoin recorded an 18-month high trading above $35,000. This upward movement came on the heels of…
Bitcoin price started a downside correction from the $35,000 resistance. BTC could start a fresh increase unless there is a move below $32,800. Bitcoin rallied toward the $35,000 resistance before the bears appeared. The price is trading above $33,200 and the 100 hourly Simple moving average. There is a key breakout pattern forming with resistance…
Stephan Livera, an esteemed host of his namesake podcast and Swan Bitcoin’s Head of Education, has now provided the crypto community with projections for Bitcoin’s future trajectory. This week, Bitcoin experienced a rally that took its price to as high as $35,000, marking its highest point since May 2022. However, amid the favorable climate around…
Bitcoin’s (BTC) price could be set to experience a 300% surge if a Spot Bitcoin ETF is finally approved by the United States Securities and Exchange Commission (SEC). BTC Could Surge 300% When A Spot ETF Is Approved The predictions of Bitcoin experiencing a 300% surge in its price from analysts can be traced back…
The current Bitcoin rally has taken most of the crypto space by surprise after going from under $27,000 to $35,000 in less than two weeks. As prices continue to fly, on-chain data tracker Santiment has revealed something different between the current Bitcoin rally and its previous rallies above $30,000. Altcoins Refuse To Fall Behind Bitcoin…
Following reports of BlackRock’s Spot Bitcoin ETF being listed on the Depository Trust & Clearing Corporation (DTCC) with the ticker IBTC, the BTC price had rallied above $35,000 based on investor expectations alone. The quick nature of this surge saw tens of thousands of crypto traders caught in the crossfire as over $400 million was…
On-chain data shows the Bitcoin long-term holder supply has set a new all-time high (ATH) despite the rally offering a profitable exit point. Bitcoin Long-Term Holders Haven’t Given In To The Allure Of Profit-Taking Yet In its latest weekly report, the on-chain analytics firm Glassnode has discussed how the BTC long-term holders have reacted to…