The state of an asset market, be it crypto, stocks, bonds, commodities, or any other type of financial market, can always be described as either bullish or bearish. This means prices tend to move upward or downward for an extended period, with occasional deviations. “Buy the dip and sell when
Bitcoin (BTC) surged past the $71,000 mark, marking a strong start to the week following a brief dip in prices last week. The renewed bullish sentiment has been fueled by increased investor interest, with net inflows into Bitcoin exchange-traded funds (ETFs) again turning positive. According to Spot on Chain’s report,
In the intricate world of financial trading, understanding and leveraging market trends are critical for formulating effective strategies. These trends, which reflect the collective mindset of market participants, provide insights into the potential directions of financial instruments. In this context, the advent of Artificial Intelligence (AI) is significantly changing the
Bitcoin (BTC) accumulation is showing resurgence and has caused the supply of Bitcoin on crypto exchange Coinbase to hit a nine-year low and recapture the $70,000 threshold. On March 25, Bitcoin reached its highest point since March 15 as it recovered the $70,000 level, according to statistics from CoinMarketCap. In
Applications to list cryptocurrency products, such as Bitcoin and Ethereum Exchange Traded Notes (ETNs), will soon be accepted by the London Stock Exchange (LSE). According to the statement made earlier on Monday by the trading giant, trade is expected to begin in the second quarter of this year. When the
Are you on the hunt for the most promising cryptocurrency investment opportunities in 2024? This exploration focuses on the Ethereum (ETH) ETF dilemmas, and TRON (TRX) market movements, and introduces the new heavyweight – BlockDAG (BDAG) presale, each offering distinct prospects in the marketplace. Challenges in Ethereum’s ETF initiatives due
BlackRock’s spot Bitcoin ETF is poised to overtake the Grayscale Bitcoin Trust (GBTC) in terms of Bitcoin holdings within the next few weeks. As of March 22, BlackRock’s ETF holds approximately 243,126 Bitcoin, valued at $15.48 billion, with a steady daily inflow of around $274 million. On the other hand,
The shift in momentum regarding institutional Bitcoin outflows may have already taken place. New information from several sources, including the UK-based investment business Farside, indicates that on March 22, the Grayscale Bitcoin Trust (GBTC) witnessed outflow of a mere $170 million. There has been a net decrease in assets under
Despite recent favorable movements in the crypto market, Bitcoin (BTC) investors encountered hurdles as the leading cryptocurrency struggled to breach the key resistance level of $68,000. However, following a brief dip to $61,164 on March 20th, Bitcoin managed to recover, maintaining a position above the $66,000 to $67,300 range. Bitcoin’s
This past week, Bitcoin’s inherent volatility was on full display, thrusting it back into the spotlight. With all the ups and downs, Bitcoin’s price dropped 9% in the last week. At the time of writing, it is trading at $65,472. Despite Bitcoin’s slight recovery this week, the biggest cryptocurrency by
