Pseudonymous crypto analyst PlanB has boldly claimed that Bitcoin will hit $100,000 this year despite the current bearish sentiments around the flagship crypto. He made this statement while providing an in-depth analysis of Bitcoin’s current price action. Bitcoin To $100,000 Is “Inevitable” PlanB stated in a video on his YouTube channel that he believes Bitcoin…
While Bitcoin has dipped from its recent highs of around $74,000, some analysts are urging investors to stay calm and even see this as a buying opportunity. So far, Bitcoin prices have remained under pressure, trickling lower in the past trading week. Are There Similarities With The Bitcoin Bull Run Of 2020? Though the downward…
On Tuesday, the crypto market was off guard when Cathie Wood’s ARK 21Shares spot Bitcoin ETF (ARKB) experienced a significant outflow. This marked the first time since the introduction of spot Bitcoin ETFs in the United States that one of the “Newborn Nine” surpassed the outflows of Grayscale’s Bitcoin Trust (GBTC). On April 2, ARKB…
Bitcoin prices are volatile, recently dropping from the peak of over $73,000 in March to the current spot levels. Analysts are turning to historical data for insights with mounting selling pressure and some investors being concerned about potential short-term losses. This historical analysis is crucial in determining whether we’ve reached a market top or if…
The Bitcoin price took a sharp downturn recently, dipping below $67,000 and raising concerns among investors. However, a crypto analyst has encouraged the crypto community to buy more Bitcoin at this time, suggesting that the decline presents an opportunity to acquire BTC at a lower price. Bitcoin Decline Signals Prime Buying Opportunity Michael van de…
Bitcoin ETF outflows are on the rise once again after a change in the tide last week. These outflows, given the ETFs’ correlation with the Bitcoin price, have a substantial impact on how well the cryptocurrency performs over time. So, as outflows are ramping up, will it trigger a crash in the BTC price? ARK…
Recent Bitcoin price volatility in Asia has been closely linked to automated trading algorithms that monitor flows in US exchange-traded funds (ETFs). According to Bloomberg, this algorithmic trading response to daily US ETF flow data is causing pronounced swings in Bitcoin prices during Asian trading hours. Trading Algos Spoil The Bitcoin Price The trigger for…
On-chain data shows that the world’s largest stablecoin issuer, Tether, recently added more Bitcoin to its holdings. The magnitude of the purchase has caused the crypto community to speculate on why Bitcoin’s price has dipped instead when such a development is usually bullish for the crypto token. Tether Acquires 8,888 BTC Data from the blockchain…
The Bitcoin market has witnessed a significant downturn, with prices plummeting below the $66,000 mark. This abrupt -5.6% price movement can be attributed to four major factors: a long liquidation event, a rising US Dollar Index (DXY), profit-taking by investors, and spot Bitcoin ETF outflows. #1 Long Liquidations The main force leading to today’s downturn…
Founder and Chief Executive Officer (CEO) of Morgan Creek Capital Management, Mark Yusko has predicted a massive price increase for Bitcoin during the 2024 bull cycle. Emphasizing Bitcoin’s immense potential, the hedge fund manager has crowned it as the unrivaled “King” among digital assets. $150,000 Price Target Set For BTC Appearing in a recent interview…