Bitcoin

In less than nine months since the launch of its Bitcoin exchange-traded fund (ETF) following the approval of these investment vehicles by the US Securities and Exchange Commission (SEC), asset manager BlackRock has established itself as the world’s largest Bitcoin fund.  A Tale Of Two Titans In Bitcoin And Ethereum Holdings According to on-chain data from blockchain analysis platform Arkham, BlackRock has aggressively expanded its Bitcoin holdings through its ETF, known as IBIT over the last months.  Despite recent market…

According to technical analyst InspoCrypto, the current state of the Bitcoin (BTC) market reflects mixed sentiment and potential for volatility, particularly as the Bitcoin price hovers between $63,000 and the $64,000 mark.  Bitcoin Price Analysis InspoCrypto’s analysis indicates that the maximum slippage recorded was 16.5, which points to moderate liquidity in the market.  A volume delta of 415.848 million suggests a cumulative imbalance between buy and sell orders, with increased buying pressure supporting the recent price rise. This indicates that…

Bitcoin (BTC) retreated from $64,000 late on Wednesday after reaching a peak of $64,780, just short of the crucial $65,000 price level. The overall crypto markets saw a slight retreat, with the market cap falling by 0.82% to $2.23 trillion. BTC is down almost 1% over the past 24 hours but could look to push back above $64,000 if buyers can regain momentum.  While BTC retreated, the crypto markets tested new monthly highs when its market cap climbed to $2.25…

The BTC/USD pair is currently holding above $63,500. The next step for the bulls is to push the price above $65,050, which would be an all-important higher high, and would officially break the current downtrend. Is this the first stage in Bitcoin’s drive towards its all-time high? Momentum is pushing Bitcoin higher Source: TradingView The $BTC price is potentially about to crack open the door that will lead to the next higher high, and the path towards the top of…

Bitcoin price started a downside correction from the $64,750 resistance. BTC is still above the $62,500 support and might aim for a fresh increase. Bitcoin is consolidating gains below the $63,800 resistance zone. The price is trading below $63,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line with resistance at $63,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if there is a clear…

Data shows Bitcoin has been becoming increasingly correlated with Gold, a potential sign that the digital Gold narrative is making a return. Bitcoin Correlation With Gold Has Risen To 0.75 Recently In a new post on X, the market intelligence platform IntoTheBlock discussed the latest trend in Bitcoin’s Correlation to Gold. The “Correlation” here is a metric that tracks how closely related the prices of two given assets are. In the current case, of course, the assets are BTC and Gold. When the…

Bitcoin is firm at press time. According to CoinMarketCap data, the world’s most valuable coin is changing hands above $63,500, steady on the last day and up a decent 7% over the previous week of trading. Technically, the uptrend remains as long as prices stay above the support zone at around $58,000 and $60,000. Bitcoin Up 30% From August Lows, RSI Dips Below 80% Level In The Monthly Chart At press time, traders are upbeat and optimistic, which could form…

Ethereum (ETH) price has outshined Bitcoin (BTC) over the last week since the US Federal Reserve (Fed) slashed interest rate by 50 basis points (bps) on September 18, 2024. Ethereum Gains On Bitcoin, Prelude To Altseason? Ethereum has had an impressive last few days as far as its price action is concerned. ETH has surged by 16% to $2,666 since the Fed cut rates for the first time in four years. BTC has risen by 9% in the same period,…

In the crypto market, the logic is simple - when Bitcoin moves higher, altcoins tend to do the same. So, with Bitcoin's price starting to move higher in recent weeks, many crypto investors are looking for alternative coins that could offer better growth potential. Not the usual coins, but those that can offer high returns.  This guide covers seven of the best cryptos to buy right now as we have researched their current price trends, future potential, and why they…