Bitcoin formed a bearish engulfing candle immediately after its $100,000 retest, which opened the door for a potential correction below $90,000. Bitcoin price sold off again on Jan. 8, forming a bearish engulfing candle on the daily chart. This particular daily drawdown was BTC’s second steepest fall in 19 weeks. Bitcoin 1-day chart. Source:TradingView With…
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Bitcoin’s price may not experience significant downward movement in the short term, as sell-offs on crypto exchanges are “shrinking at a rapid pace,” Bitfinex analysts say. Bitcoin has likely passed the worst of its downward pressure in the short term as the cryptocurrency has seen a steep decline in sellers on exchanges, according to crypto…
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Fidelity Digital Assets research analyst Matt Hogan said not making any Bitcoin allocation could become more of a risk to nations than making one. Countries who are expected to add Bitcoin into national strategic reserves over 2025 will kick off significant growth in the crypto market, Fidelity Digital Assets says in its latest research paper.…
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Bitcoin is struggling to preserve monthly support, but below the surface, BTC price metrics are giving bulls cause for confidence. Bitcoin counts down to the end of 2024 trading in a crucial area for its latest bull run. Bitcoin price volatility is “brewing” in short timeframes, according to analysis, as monthly support comes into view. Jobless…
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MicroStrategy slumped over the last trading day after disclosing its latest Bitcoin purchase, with some market observers raising concern over leverage. Shares in Michael Saylor’s MicroStrategy (MSTR) fell over 8% after its latest $209 million Bitcoin buy, with some observers starting to share concerns about its “leveraged” play. MSTR made the purchase just an hour…
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Stablecoin issuer Tether has moved over 8,400 Bitcoin to its reserve in its biggest move since March. Stablecoin issuer Tether moved nearly $780 million worth of Bitcoin into its corporate Bitcoin reserve in its largest move since March. Arkham Intelligence shows wallets tagged for Tether’s Bitcoin reserve as having received separate transfers of around 7628.9 BTC and 775.6…
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Some market analysts have warned of deep short-term price corrections before Bitcoin establishes a new all-time high. The price of Bitcoin dipped below the $94,000 price level on Dec. 29, down from an all-time high of about $108,000 recorded on Dec. 17, 2024. According to data from CoinMarketCap, Bitcoin was down roughly 1.29% in the last…
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According to data from MicroStrategy co-founder Michael Saylor, the company holds 444,262 Bitcoin, valued at roughly $41.4 billion. MicroStrategy co-founder Michael Saylor posted the Bitcoin chart from the SaylorTracker website on Dec. 29. The tech entrepreneur and BTC advocate typically posts the chart on Sundays before making a BTC purchase on Monday. “Disconcerting blue lines…
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Bitcoin’s potential price range in 2025 is quite significant, but it bears down to three major factors, according to the crypto mining firm Blockware. Bitcoin’s price in 2025 could rise up to four times or, at worst, increase by 58%, depending on Donald Trump’s Strategic Bitcoin Reserve plan and Federal Reserve policies, says crypto mining…
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Galaxy Research expects US government departments to make “some movement” in 2025 to explore an “expanded Bitcoin reserve policy,” but no Bitcoin will be purchased. Galaxy Digital’s research division predicts that the United States government will not buy any Bitcoin in 2025 but will safeguard its existing supply. “The US government will not purchase Bitcoin…
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