Bitcoin
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Mt. Gox’s Bitcoin repayment: Will $9B BTC dump sink prices again?
Mt. Gox, the infamous bankrupt crypto exchange, is returning $9 billion worth of Bitcoin to creditors. Interest in Bitcoin ETFs also surged significantly over the last few days. Bitcoin’s [BTC] recent uptick in price has resulted in a surge of optimism across the crypto markets. However, this optimism could be short-lived. Will Mt.Gox lead to more loss for Bitcoin? A decade…
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Bitcoin miner capitulation & outflows – What they mean for BTC’s price
The Bitcoin miner capitulation could ease the selling pressure on Bitcoin from miners. Metrics supported the idea that Bitcoin prices would have a bullish trajectory in the coming weeks. Bitcoin [BTC] miner capitulation was gathering strength and was comparable to 2022 December. Julio Moreno, head of research at CryptoQuant, noted in a post on X (formerly Twitter) that the hash…
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Can Bitcoin hold above $63,000? Things to watch out for this month
Bitcoin was up 3% over the last seven days, at press time. June’s lackluster action ultimately saw Bitcoin register negative returns of almost 7%. Bitcoin [BTC] traded promisingly above $63,000 coming off the weekend as bulls attempted to gain higher ground ahead of the monthly close. Though they successfully defended the crucial $60,000 psychological support level boosted by price gains…
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Bitcoin Bull Run Tied To Economic Echoes Of 1930s-1970: Hayes
Arthur Hayes, the co-founder of crypto exchange BitMEX, has recently offered a comprehensive analysis in his latest essay, “Zoom Out,” drawing compelling parallels between the economic upheavals of the 1930s-1970s and today’s financial landscape, specifically focusing on the implications for the Bitcoin and crypto bull run. His in-depth examination suggests that historical economic patterns, when properly understood, can provide a…
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Why is Bitcoin going up? Is the BTC market bottom finally behind us?
The price of Bitcoin has gone up close to 5% since the recent weekend. There was a buy signal from on-chain metrics but also concerns over “artificial demand”. Bitcoin [BTC] has gained 4.5% since Saturday, the 29th of June. In doing so, the support zone that stretched back to the 1st of March was retested and defended as support. Additionally,…
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Crypto Analyst Predicts 45% Drop For Bitcoin, But Says It Won’t Go Below This Level
Bitcoin has been in a notable state of flux recently after recovering from the crash below $60,000 and establishing support above $61,000. However, with the pioneer cryptocurrency failing to completely beat important resistance points such as $63,500, bearish sentiment continues to dominate the market. Amid this, one crypto analyst has predicted that the Bitcoin crash is far from over, forecasting…
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Bitcoin soars: Short squeeze liquidates bears as bulls eye further gains
Bitcoin witnessed a significant uptick in price, causing bears to get liquidated. Overall long positions grew, and interest in ETFs surged. After hovering around the $60,000 mark for quite some time, Bitcoin [BTC] witnessed some positive price movement, injecting hope into optimistic bulls. Short sighted Even though the bulls rejoiced, the bears got the worst end of the deal. A…
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Will 1 million Bitcoin ‘wholecoiners’ plunge BTC below $60K?
Bitcoin’s price increased by over 3% in the last 24 hours. Market indicators looked bullish on BTC. Bitcoin’s [BTC] demand has been on the rise for the majority of the time since its inception. This was evident from the rise in the number of addresses holding 1 BTC. However, since the coin has limited supply and the number of addresses…
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Bitcoin Investors Place $500 Million In Spot BTC Bids Below Market Price
Bitcoin looks like it’s starting to kick off the week on the right foot, suggesting the end of the correction that lingered throughout June. While investors continue to ponder on Bitcoin’s price trajectory in July, on-chain data, price history, and strategic transactions point to a bullish July. Despite the short-term volatility, many investors remain bullish on Bitcoin’s long-term prospects. Notably,…
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‘Crypto market set to take off anytime now:’ $10 trillion market cap, when?
Major cryptocurrencies and memecoins drove the current bull run, with Bitcoin nearing $62K. Experts predicted that the crypto market could reach up to $100 trillion. The past week has been a rollercoaster for the crypto market, starting with the first presidential debate, which impacted the market positively, despite neither candidate discussing crypto directly. Then there was the SEC, which faced…
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