Bitcoin could fall to $50K, a key time for investor caution.
With the price of cryptocurrency giant Bitcoin (BTC/USD) dipping below the $60,000 mark at one point this week, experts are warning that the price could fall further from current levels. Bitcoin is currently hovering around $60,000, which is about 17% lower than the $73,797.68 it hit in March....
Bitcoin steady after breaking $70K, most altcoins up - alt season anticipation.
Cryptocurrency markets pared gains after surging on optimistic market sentiment. The cryptocurrency market capitalization increased by 1.37% to $2.61 trillion at 5:05 p.m. ET on Nov. 28. Trading volume increased 41.13% to $79.8 billion. Bitcoin dominance decreased by 0.06 percentage points to...
Hong Kong crypto spot ETF sees $2.92 billion in net inflows on first day of launch, Bitcoin is in general correction in bull market Opinion
Bloomberg ETF analyst Eric Balchunas reports via X that “final data from the first day of Hong Kong's cryptocurrency spot ETFs are in. Hong Kong crypto spot ETFs saw total inflows of $292 million on the first day. Ethereum spot ETF inflows accounted for 15% of that total. While this is much more...
Bitcoin slumps to the mid-$500,000s... Where's all the good news?
As the U.S. central bank (Fed) kept its benchmark interest rate unchanged for the sixth consecutive month on Jan. 1 (local time), bitcoin fell to $55K per unit for the first time in more than two months. Bitcoin has been on a downward spiral despite good news like the halving and Hong Kong's...
Bitcoin, the most beautiful currency in the world, and the most bullish development in the crypto ecosystem Bitcoin Spot ETF
“Bitcoin (BTC) is the most beautiful currency in the world,” said Paolo Ardoino, CEO of Tether (USDT), the world's largest dollar-pegged stablecoin issuer. Ardoino, who is also CTO of Bitfinex, made the remarks during an interview with CryptoPotato at the recent Token 2024 Dubai conference, where...
Bitcoin rally faster, stronger because of spot ETFs
As the bitcoin market recovers from last week's correction and reclaims the $70,000 mark, an analysis suggests that this cycle's rally could be even faster due to ETFs. In a recent report, Swiss crypto commodities exchange 21Shares concluded that the current halving cycle could see a faster rally...
Cathie Wood: "Price per bitcoin will eventually reach $3.8 million"
Cathie Wood, CEO of Ark Investments, has claimed that the price of bitcoin (BTC) will eventually reach $3.8 million, citing changing global economic market dynamics. Speaking at a conference in New York City on Wednesday, Cathie Wood pointed to the declining value of traditional investment assets...
BTC's short-term weakness is due to risk-off sentiment ahead of the US FOMC rate decision, and downward corrections are a buying opportunity.
"The recent decline in bitcoin's price is due to investors' risk-off sentiment ahead of the US Federal Open Market Committee's (FOMC) rate decision meeting," said Vetle Lunde, Senior Analyst at crypto research firm K33 Research. "While the market unanimously expects the Federal Reserve (Fed) to...
Bitcoin Trend Shift: BTC New Investor Influx Not Yet In Full Swing, Peaks Far Away
On-chain analyst Crypto Dan writes: "Bitcoin's realized market capitalization and UTXO life distribution metrics show that there hasn't been a full influx of new investors. We're still a long way from the top of the bull market." In other words, we haven't seen a frenzy of investment by retail...
Amid predictions that BTC will hit a new all-time high this March on the back of ETFs, opinions are divided on its correlation with equities and mining
In a report released on Friday, Singapore-based cryptocurrency trading firm QCP Capital said, "The massive inflows are likely to continue as global liquidity flows into BTC spot ETFs. BTC could easily hit a new all-time high before March," the report said. "BTC has regained $50,000 for the first...