BTC

Spot Bitcoin ETF market saw a dramatic inflow that surpassed daily mined BTC. Data points to Bitcoin reaching a $108,000 price target in the coming months. On Monday, spot Bitcoin Exchange-Traded Funds (ETFs) recorded inflows seven times the daily Bitcoin (BTC) supply generated through mining. This represents a key milestone for all eleven Bitcoin ETFs, leading to BTC climbing to $72,000 following a 7% market rally. Bitcoin ETFs Record Huge Inflows According to data from Farside Investors, Bitcoin ETFs recorded…

Bitcoin broke out on Monday with a big move to the upside, and what a move this was. A 7.75% gain on the day saw $BTC power to the top of the bull flag it had been in for the last 10 weeks. The bulls are now well and truly back in charge. A sea change for the $BTC price The last ten weeks must have sorely tried the patience of many, and weaker hands would likely have sold when…

A long-inactive Bitcoin wallet has resurfaced, moving 114 BTC worth $7.6 million after nearly 11 years of dormancy. The wallet, which dates back to 2013, made headlines as it transferred a substantial amount of Bitcoin, raising questions and concerns within the crypto community. Dormant Bitcoin Wallet From 2013 Moves $7.6 Million On May 19, 2024, the dormant wallet executed its first transaction in over a decade. This movement was detected by blockchain analysts and has sparked significant discussion about the…

Silver and Gold have hit major milestones as they both struck all-time highs with Silver holding eighth position as the world’s largest asset by market capitalization outshining Bitcoin in the process. Despite the backset, speculations position Bitcoin with the potential to rally and reclaim its position in the monetary system Gold and Silver have made the front page of the traditional financial market system. The recent commodities rally has seen Gold and Silver hit new all-time highs against the US…

After enduring a significant 20% price correction earlier this month that saw Bitcoin fall below $56,400 and increased outflows from the Bitcoin ETF market, the world’s largest cryptocurrency has managed to stage a strong comeback. It has broken above the key $66,000 resistance level and turned it into a new support zone. BTC Bounces Back As Bitcoin ETF Inflows Soar  The resurgence in Bitcoin’s price has been closely tied to a rekindling of inflows into the US spot Bitcoin ETF…

Bitcoin is rising, recently breaking above $67,000, and heading towards the all-important $70,000, a psychological round number. One analyst took to X amid this uptick, noting that whales holding over 1,000 BTC are not moving their coins to exchanges. Instead, they likely expect prices to spike higher in the coming days and weeks. Though movements over the weekend were muted, the extension earlier today is overly bullish for optimistic traders. As BTC prices edge, coin holders (and sometimes whales) usually…

A crucial Bitcoin metric has just turned bullish, sparking optimism from a crypto analyst regarding an impending rally for Bitcoin. This unique technical pattern suggests that the world’s largest cryptocurrency could see its price ascending further, potentially kick-starting a highly welcomed bull run this cycle.  Bitcoin Technical Pattern Flips Bullish Bitcoin’s price has often followed distinct historical patterns, with the majority of these indicators preceding significant rallies or bearish trends. One of the most compelling signs that Bitcoin may be…

Bitcoin closed higher than the previous 4 weekly candles, and having consumed these previous weekly closes, the king of the cryptocurrencies is pushing at the $67,000 resistance level. Bitcoin consolidation coming to an end? The stage is set for bitcoin to go higher. Ten weeks of sideways accumulation and consolidation look as though they might have come to an end. A 7.7% rise during the course of last week was enough to cancel out the last 4 weeks of sideways…

Bitcoin is on track to surpass its previous all-time high, marking a thrilling phase for cryptocurrencies. As the market anticipates this monumental leap, investors are turning their attention to alternative coins that could follow suit and deliver substantial returns in the wake of Bitcoin's potential rally. The upcoming reduction in Bitcoin's new supply, known as the halving event, traditionally fuels bull runs, making this a prime time to monitor certain altcoins for strong performance. Discover which ones could be the…