Bitcoin

Glassnode has discussed in a new report the reasons behind Bitcoin moving sideways despite inflows into the spot exchange-traded funds (ETFs). Why Bitcoin Has Been Stagnant Despite Spot ETF Inflows In its latest weekly report, the analytics firm Glassnode has talked about how the impressive inflows into the US spot ETFs have failed to make the price break its sideways trend. The spot ETFs, which the US Securities and Exchange Commission (SEC) approved in January of this year, have provided…

Recent reports from CryptoQuant analysts on the QuickTake platform highlight a notable decline in market sentiment across Bitcoin and altcoin investors. According to Crypto Dan, a leading analyst at CryptoQuant, “After Bitcoin’s recent failure to breach the $72,000 mark, there is a noticeable cooling off of investor enthusiasm.” Bitcoin Slump In Activity Signals Market Adjustment Data reveals a significant drop in active Bitcoin addresses, signaling a reduction in transactional activity since peaking in March. This downtrend reflects Bitcoin’s recent price…

Prominent crypto analyst Dave the Wave has provided a bullish narrative for Bitcoin despite the flagship crypto’s recent setback. As part of his analysis, he suggested how high Bitcoin could rise in the short and long term.  Bitcoin To Rise To As High As $300,000 Dave the Wave suggested in an X (formerly Twitter) post that Bitcoin could rise to as high as $300,000 based on his logarithmic growth channel (LGC) indicator. Based on the chart he shared, BTC’s rally…

Ethereum ETFs are expected to capture 20% of the current investment flow into Bitcoin ETFs following investors’ need for diversification and Ethereum’s unique abilities. Although analysts depict that initial inflows might be lower than those of Bitcoin ETFs, the approval of Ethereum ETFs will be a tipping point for the whole cryptocurrency market. The crypto community is going abuzz with excitement as Ethereum ETF awaits approval once legally approved. The highly anticipated Ethereum ETF could see it capturing up to…

Bitcoin faces downward pressure as Bitcoin miners exact immense selling pressure as they offload 1,200 BTC. Analyst Willy Woo warns that this pressure could lead to a price dump to the $62,500 level. Crypto analyst Willy Woo has warned that Bitcoin could face immense bearish pressure as miners begin to offload their stash. The analyst warns that miner capitulation risks Bitcoin entering a bearish trend. Typically, when supply exceeds demand, this leads to a price drop. Miners need to sell…

The post Could Double-Digit Gains Be in Store for Bitcoin and Altcoins? Top analyst says ‘strong bounce’ is expected tonight appeared first on Coinpedia Fintech News On Crypto Banter’s The Sniper Trading Show, the analyst brought to attention how the last four FOMC dates have coincided with temporary bottoms for Bitcoin. It’s intriguing to observe this pattern, as each time leading into December, there has been a dip in Bitcoin prices around FOMC days, followed by a reversal. Despite recent…

The post Bitcoin (BTC) Price Is Set To Achieve $350,000 Says ETF-Issuer Vaneck! appeared first on Coinpedia Fintech News U.S.-based $90 Billion asset manager Vaneck has remained bullish on the long-term perspective of Bitcoin. Matthew Sigel, the head of digital assets research, believes that the price of BTC will potentially reach a high of $350,000 by 2030. He had priorly stated that the Ethereum (ETH) price would reach a high of $22,000 during the same time period. The research was…

The post Bitcoin Price Breaks $69,400: What’s Fueling the Surge? appeared first on Coinpedia Fintech News Bitcoin’s (BTC) price soared past $69,400 on Wednesday, bouncing back from just under $66,000 in the last 24 hours. This significant rise has lifted the entire altcoin market, pushing the total market cap up by 3 percent to about $2.65 trillion. Here’s what’s causing the increase. Why is the Bitcoin Price Increasing? Bitcoin’s recent surge past $69,000 comes amid increased activity by large investors,…

Data of an on-chain indicator could suggest Bitcoin is currently not at a stage where its price would be at a significant risk of facing correction. Bitcoin 365-Day MA Growth Rate Is Sitting Below Historical Overheated Zone In a post on X, CryptoQuant author Axel Adler Jr has discussed about the recent trend in the “Growth Rate” metric for Bitcoin. The Growth Rate basically keeps track of the difference between the changes happening in the Bitcoin Market Cap and Realized…