Bitcoin

10x Research, a digital asset research platform for traders and institutions, has unveiled a foreboding forecast for the price of Bitcoin (BTC). Highlighting current market conditions and Bitcoin’s recent price dynamics, the research firm projects a massive price crash to $45,000 soon. Bitcoin $45,000 Price Crash Incoming 10x Research has released a report outlining several market factors, which, when combined, paint a picture of a potential price decline to new lows for Bitcoin. While the broader crypto market undergoes a period of…

Bitcoin is firm at spot rates, looking at the development in the daily chart. Even so, the downtrend remains, and price action remains within a bearish breakout formation. This outlook follows the dump on September 7 that saw the world’s most valuable coin plunge, approaching the all-important round number, $50,000. Bitcoin Leveraged Positions Building Up Technically, the downtrend remains, especially if bulls can’t unwind the losses of September 7. From an effort-versus-result perspective, the trend set in motion by September…

With its overall market valuation down about 30% from its March 2024 record of $2.89 trillion, the cryptocurrency market is reaching a turning point. Investors are worried as the market cap as of September 8, 2024, is $1.93 trillion. Nonetheless, a recent BTC price forecast indicates that Bitcoin is anticipated to rise by 83.70% in the next three months, indicating possible comeback. Although Bitcoin has lost a quarter from its all-time high of $74,000, analysts like Alan Santana think a…

Bitcoin (BTC) and the broader crypto markets are navigating challenging conditions, historically worsened by September’s seasonality struggles. In a recent report, Kaiko researchers recently explored how a potential US rate cut and other key economic events could affect Bitcoin. These four charts provided by the analysts explain what to expect from BTC in the coming weeks. Monthly Change in Bitcoin Price in September As BeInCrypto reported, the third quarter has historically been challenging for Bitcoin and the broader crypto market, with September…

Bitcoin ($BTC) dominance is being rejected from the 57.5% level. The last five weekly candles have remained below. With Bitcoin potentially starting to bottom against the U.S. dollar, could altcoins start to make their move? Has Bitcoin Dominance topped out? Since Bitcoin Dominance reached its low, and bottomed at around 40% through May 2021 to November 2022, dominance has been rampaging up ever since. The $BTC climb to $73,800 in a very short amount of time certainly had something to…

Expert analysis from veteran crypto traders shows that Bitcoin (BTC) could offer long-term opportunities to investors buying the dip after it suffered bearish declines, which resulted in its trading below $60,000 for three consecutive days. Meanwhile, the ETFSwap (ETFS) token selling at $0.03846 in its ongoing crypto ICO has entered the crypto spotlight after receiving bullish forecasts from veteran analysts that it will surge 50x in the coming months of the bull run when Bitcoin (BTC) hits $100,000.  Bitcoin (BTC)…

Since their debut in the US market in January 2024, spot Bitcoin exchange-traded funds (ETFs) have been a magnet for institutional investors.  These ETFs allow for direct portfolio inclusion of Bitcoin, bypassing the challenges of direct purchase and secure storage. The market’s response has been overwhelmingly positive, with more than 1,000 institutional investors signing on within just two 13F filing periods. The 13F filings, mandatory quarterly disclosures for institutional investment managers, reflect a growing and sustained interest in Bitcoin ETFs.…

With the hype surrounding Bitcoin exchange-traded funds, many investors are drawn to the potential of these financial instruments. However, some analysts suggest there might be a better alternative: MicroStrategy (MSTR) stock. While Bitcoin ETFs offer direct exposure to Bitcoin’s price, MicroStrategy’s unique strategy has consistently outperformed traditional ETF investments, making it a strong contender for those seeking long-term growth. MSTR Outshines Bitcoin ETFs MicroStrategy, led by executive chairman Michael Saylor, has been on an aggressive Bitcoin accumulation strategy since 2020.…

Bitcoin (BTC) led last week’s crypto investment outflows, seeing $643 million in negative flows. Ethereum followed with outflows totaling $98 million, while Solana stood out with positive inflows of $6.2 million. Traders and investors remain uneasy as they brace for key US economic events this week and throughout September, which could significantly impact market sentiment. Bitcoin At The Forefront of Crypto Investment Outflows Crypto investment products saw outflows of $726 million last week, levels not seen since March. The US…