In Brief Internet Computer has been moving in a similar direction to Bitcoin as indicated by a 90-day correlation. This correlation has contributed to ICP’s recent price gains and a key integration could strengthen it. ICP’s price trades above the 20 EMA with the Supertrend supporting a bullish outlook for the token. Not all cryptocurrencies…
Read more
In Brief A key metric, which has historically been pivotal to Bitcoin’s price, suggests that sellers exhaustion has set in. Positive signs emerge with higher bid than ask on-chain, and a high concentration of liquidity at $58,037. BTC looks set to retest $58,251 but trading below the 20-day EMA indicates weakness. Over the weekend, Bitcoin…
Read more
In Brief Donald Trump is confirmed to speak at Bitcoin 2024 in Nashville, sparking crypto market excitement. TrumpCoin (DJT), a newly minted Trump-themed meme coin, surged by 500,000x following the news. The former president’s crypto stance generates both enthusisasm and debate within the community. The organizer of The Bitcoin Conference just announced that former…
Read more
Crypto community left disappointed as candidates sidestep Bitcoin and digital assets in key debate. President Joe Biden and former President Donald Trump faced off in their first debate of the 2024 election season on Thursday, June 27, in a high-stakes encounter that highlighted stark contrasts between the two candidates. The 90-minute discussion, hosted by CNN in…
Read more
Quick Take As of June 28, the final trading day of the quarter, Bitcoin (BTC) has experienced a challenging period, with its value dropping approximately 9% in June. A substantial $6.6 billion worth of options for BTC are set to expire on June 28. Despite hitting its all-time high in March, BTC has struggled over the past…
Read more
In Brief Bitcoin could reach $100,000 as market dynamics and economic indicators align. Investor optimism grows with potential Fed rate cuts influencing Bitcoin’s demand. Institutional interest and ETF approvals bolster the Bitcoin price’s upward trajectory. Bitcoin’s potential to hit $100,000 remains a topic of keen interest among investors. Various market dynamics and economic indicators suggest…
Read more
In Brief Bitcoin’s future hinges on macroeconomic factors, with scenarios ranging from $30,000 to $60,000. Analysts predict either significant corrections or consolidation phases for Bitcoin and altcoins. Sentiment and key price levels play a crucial role in market direction, say industry experts. The cryptocurrency market has experienced significant turbulence recently, raising questions about the longevity…
Read more
In Brief An early Bitcoin miner, launched Bitcoin Express in 2010 for trading with PayPal. He lost 25,000 BTC in 2011 due to poor security, a theft worth $1.6 billion today. His story emphasizes the importance of securing private keys offline for cryptos. ALLINVAIN’s journey in the early Bitcoin era highlights the potential and inherent…
Read more
In Brief Veteran trader Peter L. Brandt expects Bitcoin to reach $150,000 by September 2025. His analysis links Bitcoin’s price peaks to halving events and past bull market patterns. Analysts like CryptoCon and PlanB support Brandt’s bullish Bitcoin forecast post-halving. A well-known trading veteran, Peter L. Brandt, recently shared a bold forecast for Bitcoin. According…
Read more
In Brief Bitcoin ETFs now hold over 1 million BTC, representing nearly 5% of Bitcoin’s total supply. Grayscale and BlackRock are the leading Bitcoin ETF holders, with significant assets in BTC. U.S. Bitcoin ETFs dominate the market, holding 855,619 BTC, showing strong investor confidence. Bitcoin exchange-traded funds (ETFs) have reached a significant milestone. They now…
Read more
