In a recent report by market intelligence firm Chainalysis, it has been revealed that global crypto gains in 2023 amounted to a staggering $37.6 billion. This profit surge reflects improved asset prices and market sentiment compared to 2022. Although this figure falls short of the $159.7 billion gains witnessed during the 2021 bull market, it…
On-chain data suggests more than 533,330 addresses FOMO’d into Bitcoin above $70,180. Following the latest plunge, these investors would all be in losses. Over 500K Bitcoin Addresses Have A Cost Basis Between $70,180 & $71,340 As pointed out by analyst Ali in a post on X, many investors have bought at the recently high price…
Analysts from private wealth management firm, Bernstein have reaffirmed their previous Bitcoin prediction, emphasizing that the cryptocurrency has a greater chance to reach $150,000 by 2025. Bitcoin $150,000 Price Forecast Grows Stronger Bernstein analysts Gautam Chhugani and Mahika Sapra said in a note to clients on Monday that they were now more convinced of Bitcoin’s…
As Bitcoin drops below $68,000, history suggests this correction is rather tame for bull markets, as plunges to this deep on-chain level have been the norm. Bitcoin Short-Term Holder Realized Price Is Currently Around $53,200 As pointed out by CryptoQuant Netherlands community manager Maartunn in a post on X, BTC still has a decent margin…
Today’s Bitcoin price movement is a confluence of factors including massive liquidations, macroeconomic pressures, and the impact of negative Coinbase Premium alongside Bitcoin ETF dynamics. These elements combined have led to a noticeable dip in Bitcoin’s price. #1 Long Liquidations Today’s Bitcoin market saw a significant price drop, initiated by a sweeping liquidation event on…
Bitcoin price is moving lower from the $73,000 resistance. BTC must stay above the $67,000 support to start a fresh increase in the near term. Bitcoin price is correcting gains and moving lower from the $73,000 zone. The price is trading below $71,000 and the 100 hourly Simple moving average. There was a break below…
In a recent Bloomberg report, it has been revealed that the market value of crypto assets is expected to witness a remarkable surge, nearly tripling to $7.5 trillion by 2025. Wall Street Firm Predicts “Monster Of A Crypto Cycle” The next few years are likely to usher in a “monster of a crypto cycle,” according…
American business intelligence and software development company, MicroStrategy has unveiled new plans to acquire an additional Bitcoin, further bolstering its already substantial BTC holdings. MicroStrategy Mega Bitcoin Purchase In The Works In a recent press release published on MicroStrategy’s official website, the software development company announced plans to raise $500 million in convertible debt offerings…
Bitcoin price is eyeing more gains above the $73,000 resistance. BTC is setting up for a move toward the $75,000 resistance in the near term. Bitcoin price is showing positive signs and eyeing more gains above the $73,000 zone. The price is trading above $72,500 and the 100 hourly Simple moving average. There is a…
The CEO of Jan3 and Bitcoiner, Samson Mow, is still standing by his prediction that Bitcoin could hit $1 million sooner rather than later. During a recent interview, he explained why he is sticking to his ambitious price prediction. Why Bitcoin Would Hit $1 Million This Year Mow mentioned during an interview with ‘What Bitcoin…