The price of Bitcoin dipped once again, this time starting at around $67,000. The cryptocurrency is exhibiting bearish trends and could potentially drop down to the $61,000 mark as its support level. Bitcoin failed to clear the $67,000 resistance zone. The price is trading below $65,000 and the 100 hourly Simple moving average. There was … Read more
Despite Bitcoin‘s prices being under selling pressure, according to Willy Woo, an on-chain analyst, the digital currency is predicted to hit new peaks due to the introduction of new Bitcoin ETFs. On his X platform, Woo stated that Bitcoin could reach a price of up to $91,000 in a bear market bottom and as much … Read more
Based on information from the cryptocurrency analysis tool Lookonchian, a Bitcoin wallet that has been inactive since April 2010 moved 50 Bitcoins, which is equal to approximately $3.328 million. Unraveling The Transaction: An Exploration of Potential Motives According to Lookonchian’s report, a total of 50 Bitcoin were mined around 14 years ago when each block … Read more
According to on-chain analysis, Bitcoin‘s large investors, or “whales,” have exhibited distinct patterns in their exchange transactions compared to the previous market cycle. This could be due to several reasons. Bitcoin Whales Are Showing Different Behavior In Exchange Inflows This Time According to an analysis by a crypto expert in a recent CryptoQuant article, the … Read more
During the past weekend, the Bitcoin (BTC) market price plummeted to $60,000, causing unease among crypto community members. Some investors grew concerned as they anticipated the upcoming “Halving” event and wondered if this dip signaled potential issues for Bitcoin. During the recent corrections, Bitcoin skeptic Peter Schiff maintained that his earlier forecasts about Bitcoin spot … Read more
A cryptocurrency expert named Yomi has observed that Dogecoin‘s latest price trend might become bullish by the end of this week. Based on his analysis, DOGE is approaching the formation of a “golden cross” on its graph, which could signal the start of a significant bull market. However, Yomi points out that obtaining a green … Read more
As the Bitcoin Halving is approaching for the fourth time, Lady Crypto, an experienced market analyst and trader, has shared her perspective on the ongoing bull market debate. After examining the latest market drop and the upcoming Bitcoin halving this month, the crypto analyst expressed her perspectives. She noted that some investors believe Bitcoin could … Read more
On Monday, Solana’s price bounced back significantly after a week-long slide. This upward trend was fueled by favorable news in the Bitcoin and Ethereum markets, which included the announcement of approved exchange-traded funds (ETFs) for those cryptocurrencies in Hong Kong. Moreover, Solana recently released an update to tackle its persistent network congestion problems, with the … Read more
This week, the Bitcoin Halving will happen, reducing miner rewards from 6.25 Bitcoins to 3.125 Bitcoins. This occurrence could significantly impact miners financially, as they stand to lose a substantial portion of income post-halving. Bitcoin Miners Could Lose Up To $10 Billion In Revenue Based on a Bloomberg article, Bitcoin miners might experience an annual … Read more
The influence of Bitcoin over the cryptocurrency sector is currently at its peak after three years, indicating robust interest in investing in US Bitcoin Spot ETFs that primarily hold Bitcoin, making it a tough time for less established digital tokens. Last week, Bitcoin held approximately 55% of the total $2.4 trillion value in the digital … Read more