Sun, February 2

Bitcoin (BTC) Flips Support to Resistance Signaling a Rally

Bitcoin’s crucial resistance levels are tested to confirm a bullish trend. To accomplish this, BTC needs to surpass the $70K mark. The asset has shown resilience in recent days, with the bulls eyeing higher targets.  The technical indicators suggest Bitcoin’s bullish momentum despite a brief downside correction. Moreover, the daily

October 24, 2024 2 mins read

Bitcoin Dominance Climbs to 58% as ETF Inflows Continue

This week marked a significant development in the cryptocurrency market, as Bitcoin (BTC) rallied by 10.48%, reaching a weekly high of $69,000. With BTC now within striking distance of the crucial $70,000 psychological level, market participants are optimistic about its near-term trajectory, particularly as no major macroeconomic data is expected

October 19, 2024 2 mins read

Will Bitcoin Break Past $75K by Month End?

Bitcoin (BTC) has experienced a remarkable rally over the past week, surging 9% and reaching a three-month high of $69,000. Currently trading at $68,330.37, the cryptocurrency is seeing a modest increase of 0.36%, despite a 13% decline in trading volume. This fluctuation has sparked fresh speculation among market participants regarding

October 19, 2024 2 mins read

Quantity Funds Launches Innovative US-based Bitcoin and Gold ETF

The US-based Bitcoin and Gold Exchange-Traded Fund (ETF) is the latest offering by Quantity Funds, giving investors access to two distinct asset classes via one investment vehicle. Market gurus, such as Peter Schiff, are debating which of these assets is more valuable to investors, and this new information emerges at

October 17, 2024 2 mins read

Will These Triggers Propel Bitcoin into an Uptober Rally?

Bitcoin’s (BTC) substantial surge above $67K has made bullish anticipations within the crypto market. BTC broke through the crucial resistance level to begin trading at the current mark. The largest asset has experienced a modest 2.59% increase over the past 24 hours.  Besides, analysts mentioned the recent Bitcoin rally to

October 16, 2024 2 mins read

Galaxy Digital Purchases 500 BTC Worth $31M, Fueling Institutional Interest

On Monday, Mike Novogratz’s Galaxy Digital moved enormous quantities of Ethereum and Bitcoin, causing further commotion in the crypto market. Speculation among investors was sparked when on-chain data revealed that the digital assets financial services business transferred more than 7,000 ETH and 500 BTC between cryptocurrency exchanges. In the meantime,

October 14, 2024 2 mins read

Bitcoin Surges Amidst Market Rally, Short Liquidation Crosses $100M

On the last day, when the price of Bitcoin rose, crypto derivatives traders who had bet on a decline in the market were liquidated for almost $100 million. Following a range-bound weekend, Bitcoin reached $66,000 today, gaining 5.73% on the previous day. Bitcoin’s price returned to levels not seen since

October 14, 2024 1 min read

Bitcoin Miners Feel the Heat as Hashrate Climbs and Profits Drop

Bitcoin (BTC) mining profitability took a hit in September 2024, as rising network difficulty and a steady Bitcoin price put pressure on miners. U.S. investment bank Jefferies highlighted that the network’s hashrate saw a 1.7% increase, making it tougher for miners to generate rewards despite Bitcoin’s value remaining mostly unchanged.

October 14, 2024 1 min read

US Bitcoin ETFs See $253M Inflows on October 11, Ending 3-Day Streak

US spot Bitcoin exchange-traded funds had net inflows of $253.6 million on October 11, after a string of three trading days in which they had seen withdrawals. Farside Investors data reveals that the top two bitcoin funds in terms of net inflow were the Fidelity Wise Origin Bitcoin Fund with

October 12, 2024 2 mins read

MicroStrategy’s Michael Saylor Unveils Ambition for Largest Bitcoin Bank

The founder and executive chairman of MicroStrategy, Michael Saylor, recently shared his bold plans for the future of the firm in an interview. He has lofty ambitions of making this company the largest Bitcoin bank. The price of Bitcoin might be influenced by this, which could be a factor of

October 11, 2024 2 mins read
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