Bitcoin Price Drop Below $70,000 Apparently Driven By Lack Of Interest, Glassnode Data Shows

On-chain analytics platform Glassnode has provided insights into why the Bitcoin price recently dropped below $70,000. The platform suggested that the flagship isn’t yet seeing enough demand, which could send its price to new highs.  Demand For Bitcoin Is Still Modest In one of its latest market reports, Glassnode mentioned that “the rate at which new capital is flowing into the Bitcoin network has slowed down considerably from its peak.” They made this assertion based on the Realized Cap metric,…

Bitcoin Expected To Peak Soon? Analyst Forecasts Timeline, Here’s When

As the cryptocurrency market continues to witness heightened optimism and confidence from investors, Crypto Con, a popular crypto analyst, and enthusiast has predicted the timeline for Bitcoin to reach its peak in the ongoing bull cycle, based on past BTC runs and their cumulative peaks. Bitcoin Peak To Happen Less Than A Year By analyzing historical data, Crypto Con has identified trends that might pinpoint the time the largest cryptocurrency asset by market reaches its highest point in this cycle.…

Déjà Vu? Bitcoin Price Eyes Repeat Performance, Could Hit $140,000 By August – Analyst

Recent bitcoin analysis and predictions from leading experts shed light on the potential trajectory of the top crypto asset’s price in the coming months, with a focus on 2024 and beyond. Market Insights And Price Forecasts For Bitcoin As the crypto community eagerly anticipates the future of Bitcoin, a diverse range of price predictions has emerged. Notable figures such as Arthur Hayes, Messari, Tim Draper, JP Morgan, Berenberg, and VanEck have weighed in with their forecasts, painting a varied picture…

Native Bitcoin Support Coming Soon to MetaMask, Insiders Say

Ethereum’s leading wallet, MetaMask, is reportedly planning to add native Bitcoin support, potentially expanding its multi-chain capabilities and further enhancing its user offerings. Is Bitcoin Coming To MetaMask?  According to sources familiar with the matter, MetaMask, the leading Ethereum-based crypto wallet, is set to bridge a significant gap in the cryptocurrency world by adding support for Bitcoin (BTC). While the exact timeline remains unclear, one insider suggests that access might be available within the next month. Another source, however, indicated…

Top 5 Coins To Buy for Parabolic Rally As Bitcoin Mirrors 2017 Bull Market

The cryptocurrency market is in recovery mode, suggesting that the 2024 bull cycle is far from over. This sentiment is further strengthened by the Bitcoin chart mirroring the 2017 bull market. PlanB, in his recent analysis, explained that Bitcoin is only four months into this bull cycle. Bitcoin Mirrors 2017 Rally, Market Poised for Explosive Growth In his latest analysis, PlanB also said that Bitcoin is currently showing "2017 vibes." This was a very significant year as the price of…

New Data Unveils: Retail Investors Make Up 85% of Bitcoin ETF Shareholders, Says Analyst

Jim Bianco believes the majority of the first quarter’s spot Bitcoin ETF volume was dominated by retail traders rather than institutional investors.  The use of 12-word keyphrases for web3 wallets has been the leading stumbling block to the mass adoption of on-chain digital assets. Macro investment researcher, Jim Bianco, believes around 85 percent of the United States-based spot Bitcoin exchange-traded funds (ETFs) are currently dominated by retail traders. The veteran market researcher indicated that first quarter 13F filings to the…

Bitcoin, XRP, and Crypto FIT21 Bill Gain Democratic Wave, Clear U.S. House Hurdle: Expect Long-Term Price Levels for XRP and BTC

The FIT21 Act, crucial for cryptocurrency regulation, has successfully passed the U.S. House with strong bipartisan support. Despite its success in the House, the future of the FIT21 Act in the Senate remains uncertain, casting shadows over the long-term regulatory landscape for cryptocurrencies like Bitcoin and XRP. The U.S. House of Representatives has recently passed the pivotal Financial Innovation and Technology for the 21st Century Act (FIT21), representing a significant legislative milestone in cryptocurrency regulation. Garnering a bipartisan vote of…

Bitcoin Signal Turns Bullish, Chainlink Alternative Gains Prominence in AI Sphere

The crypto world is buzzing with excitement as a crucial Bitcoin metric flashes a big “buy” signal, sending traders and HODLers alike into a frenzy. But while everyone’s got their eyes glued to the BTC charts, a new player in the altcoin arena is quietly making moves that could shake the blockchain world to its core. Enter Borroe Finance ($ROE), the AI-powered CrossFi platform looking to flip Chainlink. The Bitcoin Bull Bellows According to some analysts on Crypto Twitter, Bitcoin’s…

Bitcoin Hash Rate And Difficulty On The Rise Over ETH ETF Optimism

The post Bitcoin Hash Rate And Difficulty On The Rise Over ETH ETF Optimism appeared first on Coinpedia Fintech News Optimism over potential spot ETH ETF approvals and subsequent price rallies increased the hash rate over the last few days. On Thursday, the BTC mining difficulty rose 1.5% to $84.4 trillion as the network’s hash rate rose above 600 EH/s. Bitcoin’s hash price also showed a slight recovery after sliding to an all-time low of less than $50 per PH/s…

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