In-depth cryptocurrency market analysis. Expert insights on Bitcoin, altcoin price trends, technical indicators, and data-driven market predictions.
Coindesk analyzes that BTC's breakout from its all-time high ($69,000) was triggered by a flurry of selling by early miners, which increased the downward pressure on BTC's price. Shortly before BTC's post-peak plunge to $62,000, a deposit of 1,000 BTC ($69 million) was made to Coinbase from a...
As Bloomberg analyst Eric Balchunas reports via his X, "Trading volume across 10 bitcoin ETFs totaled about $5.5 billion. That's the second-largest on record. BlackRock IBIT alone saw $2.4 billion in volume, bringing its assets under management to more than $11 billion." "Last week's surge in...
Crypto data provider Alternative's self-estimated "fear-greed index" rose eight points from the previous day to 90. This is the highest reading since February 23, 2021, when it hit 94. The index is a measure of extreme fear in the market, with readings closer to zero indicating extreme fear and...
"We are in the midst of a bitcoin gold rush that will last until November 2034," Michael Saylor, co-founder of Microstrategy (MSTR), said at a conference. "Spot BTC ETFs have created a gold rush of institutional investors entering the market. In addition, bitcoin will have mined 99% of its total...
Altcoins are taking advantage of Bitcoin's brief pause to soar. In particular, meme coins and gaming coins are on the rise. The memecoin surge has seen the Solana (SOL)-based memecoin BONK surpass $2 billion in market capitalization. According to CoinMarketCap, BONK is currently trading up 28.18%...
BTC has regained $64,000 according to Market Monitor. BTC is trading at $64,000 on the Binance USDT market. Also, CME BTC futures, which closed the previous trading day at $63,405, opened today at $63,760, a gap of $355. Meanwhile, crypto data provider Alternative's self-estimated "Fear-Greed...
First, trading volume in the spot Bitcoin ETFs that are driving this bull run more than doubled the previous record to more than $7.5 billion, with BlackRock leading the way with $3,291,107,443, Grayscale with $1,836,035,297, and Ark Investments with $425,812,381. Commenting on IBIT's volume via...
"The market capitalization of bitcoin could eventually reach a quarter of the market value of numismatic gold," Jurrien Timmer, head of global macro at Fidelity, a large U.S. asset manager, told X. "The market capitalization of bitcoin could eventually reach a quarter of the market value of...
95% of bitcoin addresses are profitable. This is similar to the level at the peak of the 2021 bull market, when the price of BTC topped $60,000. Meanwhile, JPMorgan said in a report that the crypto bull run is not only continuing, but improving. "Rising bitcoin prices are contributing to improved...
"We will soon see a deeper relationship between the luxury industry and cryptocurrencies," said Romain Carrere, CEO of The Aura Blockchain Consortium, a blockchain consortium that includes global fashion companies such as LVMH, Prada and Cartier. "The number of luxury brand Web3 customers is...
Crypto data provider Alternative's self-assessed "Fear-Greed Index" rose three points from the previous day to 82. This is the highest reading since November 9, 2021, driven by bitcoin's rebound, which touched 58.5K the previous day. The index indicates extreme fear in the market when it is close...
"There is a 50% chance that an Ethereum (ETH) spot ETF will be approved in May," Ryan Rasmussen, research analyst at crypto asset manager Bitwise, told Yahoo Finance. The U.S. Securities and Exchange Commission (SEC) has until May 23 (local time) to decide whether to approve VanEck's application...