Bitcoin

The post Bullish Sentiment Intensifies In The Crypto Market As Bitcoin Price Reclaims $67,000! appeared first on Coinpedia Fintech News The crypto market continues to display a positive price action by adding over $70 Billion (+2.96%) to its global market cap within the past day. Furthermore, the price of BTC has successfully surpassed the $67,000 mark and recorded a 24-hour high of $67,459 during the early trading hours, highlighting a high possibility of a bullish outlook during the upcoming week.…

According to Ki Young Ju, CEO of CryptoQuant, the Bitcoin current market dynamics suggest a bullish phase that could extend well into April 2025. Ju’s analysis comes amid BTC’s current uptrend, which appears to be a continuation of that seen in March, when BTC achieved a new all-time high, surging above $73,000 for the first time. Bitcoin Market Cap Growth Indicates Prolonged Uptrend, Says CryptoQuant CEO Notably, Ki Young Ju’s prediction stems from an analysis of Bitcoin’s market capitalization growth,…

Recent data from Santiment indicates a noticeable decrease in Bitcoin whale activity, reaching the lowest levels seen in 2024. This trend shows that holders of large amounts of Bitcoin, known as whales, are drifting away from active trading. While this could signal a negative trend, the situation presents a complex picture of the cryptocurrency’s market dynamics. Despite the fall in whale activity, the total number of Bitcoin wallets with at least 100 BTC remains high, at 11.79 million BTC across…

Wisconsin Investment Board buys Bitcoin, marking a big step in institutional adoption. SWIB manages over $156 billion, diversifying with a $64 million investment in Grayscale’s Bitcoin Trust. The State of Wisconsin Investment Board (SWIB) recently disclosed significant investments in spot Bitcoin exchange-traded funds (ETFs) offered by Grayscale and BlackRock. According to a filing with the U.S. Securities and Exchange Commission (SEC) on May 14, SWIB revealed holdings of more than 2.4 million shares in the BlackRock iShares Bitcoin Trust (IBIT)…

Panama City, Panama, May 17th, 2024, Chainwire Leading Bitcoin DeFi innovator Velar has announced that it has partnered with Bitlayer to launch Velar Artha, the world’s first Perpetual Decentralized Exchange (PerpDex) on Bitlayer’s EVM-compatible Bitcoin Layer 2. The creation of a PerpDex hosted on Bitcoin infrastructure will unlock new opportunities for trading a variety of assets and will expand the capabilities of decentralized finance operating on Bitcoin rails. The partnership breaks new ground in Bitcoin DeFi by providing traders with…

The post Bitcoin Bull Cycle Expected to End By April 2025, Says CryptoQuant CEO appeared first on Coinpedia Fintech News Bitcoin’s market behavior is sparking significant interest among investors, with current trends suggesting an extended bull cycle. The release of the U.S. CPI, which came in softer than expected at 0.3% for April, has boosted investor confidence. This news surged the price of Bitcoin to $67K, reflecting a 7% increase. Meanwhile, Ki Young Ju, CEO of CryptoQuant, notes that Bitcoin’s…

Even after the upswing mid-this week, Bitcoin prices remain wavy, considering price action in lower time frames. The coin is retesting $66,000 at spot rates, but traders expect the breakout to have been confirmed, pushing BTC prices toward $70,000. Since the surge to all-time highs in March, the coin has been on a steady downtrend, as shown in the formation on the daily chart. BTC Liquidity Is High Despite Accumulation: Analyst Therefore, as doubt creeps in, Willy Woo, a Bitcoin…

For analysts and investors alike, comprehending the variables that influence price action in the complex world of cryptocurrency markets is essential. Ali Martinez, a well-known cryptocurrency expert, has recently provided insights into the fluctuations in the price of Bitcoin by applying the basic economic theory of supply and demand.  Understanding Bitcoin Prices Through Supply And Demand It is worth noting that any asset’s price movement, including cryptocurrencies, is determined by the fundamental rules of supply and demand. An asset’s price…

Crypto analyst Crypto Jebb recently highlighted an inverse heads and shoulders pattern that had formed on the Bitcoin chart. This bullish pattern indicates another rally may be on the horizon for the flagship crypto, which could send its price to $100,000.  How Could Bitcoin Could Rise To $100,000 Crypto Jebb revealed in a video on his YouTube channel that the inverse heads-and-shoulders pattern he had been predicting for a while had finally formed on the charts. He predicts this pattern…