In a recent development, data from crypto analytics firm Glassnode shows that the amount of Bitcoin held on Coinbase has reached a 9-year low. This has raised the possibility of the flagship crypto rising to a new all-time high (ATH) of $75,000 soon enough. BTC Held On Coinbase Drops Significantly According to Glassnode, the Bitcoin…
Crypto investment products have finally registered a week of outflows after seven weeks of consecutive strong inflows and two weeks of breaking records after records. In fact, data has shown that these investment products have now set a new record for the most outflows in a week, extending the run of record creation. According to…
Crypto expert popularly known as KSI has shared his thoughts on how the Bitcoin price could progress until the peak of this bull cycle. Based on his prediction, the flagship crypto could experience significant dips on its way to a new all-time high of $100,000. $80,000 Could Be Next For Bitcoin KSI mentioned in an…
Bitcoin whales have been very active in the past few days as the crypto continues to trade below $68,000. Notably, on-chain data has shown a trend of accumulation among Bitcoin whales, with large bouts of the cryptocurrency leaving crypto exchanges into private wallets. These massive transfers appear to have piqued the interest of a few…
Analysts at financial services firm Bernstein are increasing their price expectations for Bitcoin. This follows a revised report in which they boosted their year-end target for the flagship crypto token’s price. Bitcoin To Hit $90,000 By The End Of 2024 According to a report by CoinDesk, Bernstein analysts Gautam Chhugani and Mahika Sapra have raised…
Despite optimism about Bitcoin’s future trajectory heading into the Bitcoin Halving, analysts at JPMorgan have raised concerns that things may not go according to everyone’s expectations. They believe that a storm still lies ahead for the flagship crypto token before any massive move to the upside. Further Bitcoin Pullbacks Are To Be Expected According to…
Bitcoin Spot ETF outflows have ramped up this week and has seen the week characterized by price declines throughout the crypto space. These outflows, like before, are being led by the Grayscale Spot ETF as investors believe their fees are too high. This has led to four consecutive week of outflows, which is the second…
Crypto experts and analysts have given their opinions on how Bitcoin could rise in this bull cycle, with some opining that the flagship crypto token could rise to as high as $237,000. Now, this crypto expert has given a more ambitious price prediction, raising the possibility of Bitcoin hitting $500,000. Bullish Sentiment Shows Bitcoin Can…
Amidst the recent Bitcoin pullback from its previous all-time high above $73,000, Ki Young Ju, the founder and Chief Executive Officer (CEO) of Crypto Quant, reassures the broader crypto community that the BTC bull market is far from over. Bitcoin Bulls Are Not Done In a recent X (formerly Twitter) post, Ju expressed strong bullish sentiment…
Bitcoin is still struggling to reclaim its all-time high even after staging an impressive recovery in the last day. The bounce up from $60,000 to $68,000 has no doubt reignited confidence in the market, but the cryptocurrency continues to face some challenges in its bid for a new all-time high. Outflows Continue To Rock Bitcoin…