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Tag: Bitcoin

Bitcoin mooning: how far can it go this time?

Bitcoin mooning: how far can it go this time?

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Buckle up, crypto enthusiasts! Bitcoin is on a tear, soaring past its previous all-time high (ATH) of $69,000 and hurtling towards uncharted territory. But the million-dollar question remains: how high can it go this time, and are we in for a smooth ride or a wild rollercoaster? Bullish Beacons: Signaling a Continued Ascent Several factors are fueling Bitcoin’s current bullish run: Relative Strength Index (RSI): This technical...

Bitcoin, Cryptocurrencies, Front page, Main, News

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Crypto Market Update - A Bull Run in Action

Crypto Market Update: A Bull Run in Action

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The crypto market today is experiencing a significant upswing, with Bitcoin regaining its $1 trillion market cap. The market’s bullish trend is driven by several factors, including high staking interest in Ethereum, with 25% of the circulating supply locked up, and massive inflows into BlackRock’s Bitcoin ETF. The crypto market’s rise today, February 17, 2024, can be attributed to the strong recovery observed in 2023, following a slight downside...

Bitcoin, Crypto market, Cryptocurrencies, Ethereum, Front page

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Crypto Market Update - Bitcoin Bulls Fuel Market Rally

Crypto Market Update: Bitcoin Bulls Fuel Market Rally

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The crypto market today is witnessing a significant rally, with Bitcoin leading the charge. The recent uptick in Bitcoin’s price is attributed to the accumulation by BTC bulls. This surge is believed to be fueled by capital influxes from outside the U.S., particularly from China, Europe, and Canada. Moreover, the crypto market is buzzing with anticipation as a $700 million Bitcoin options expiry looms. Traditionally, the expiry of Bitcoin options...

Bitcoin, Crypto market, Cryptocurrencies, Ethereum, Front page, Main

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GBTC Outflows: A Threat or an Overreaction?

GBTC Outflows: A Threat or an Overreaction?

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GBTC moved more than $400 million worth of BTC to custodian Coinbase Prime. GBTC has bled $1.5 billion in investor assets since last Thursday. JPMorgan predicts an additional $10 billion in outflows if GBTC loses its liquidity advantage. Traders might be overstating the impact of GBTC selling. GBTC outflows find a counterpart in net inflows to the remaining spot Bitcoin ETF funds. The GBTC Outflows The Grayscale Bitcoin Trust...

Bitcoin, Front page, GBTC, Grayscale, Main, News

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Crypto Market Update: Bitcoin price, dYdX’s rise, BlackRock’s lead on Robinhood

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The crypto market today is witnessing significant shifts. Decentralized exchange dYdX is outperforming Uniswap v3 in trading volume, demonstrating the growing influence of DeFi. Meanwhile, BlackRock’s spot bitcoin ETF has become the most popular among the 11 new funds available on Robinhood in terms of volume. Bitcoin’s price has seen a decline due to factors including market volatility, earnings season, and macroeconomic indicators. The price...

Bitcoin, Crypto market, Cryptocurrencies, News

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