Several Bitcoin price analysts see BTC trading between $100,000 and $200,000 just before and after Trump’s inauguration. Bitcoin is in price discovery, hitting a record high of $76,990 on Bitstamp just days after Donald Trump emerged victorious in the United States presidential election. Several analysts predict further Bitcoin highs as market participants anticipate a more crypto-friendly business…
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Wider economic and stock market-related issues are impacting Bitcoin’s softening price, but futures market data shows traders still feel bullish. Bitcoin’s price momentum has cooled since the Oct. 29 rally toward the all-time high, but the derivatives market continues to project traders’ optimism in a price recovery. The analysis of Bitcoin futures and options markets suggests…
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Bitcoin price is down 6.5% from its recent local high, and market analysts expect BTC to bottom in the $65,000 to $69,000 range. Bitcoin price has declined by more than 6% over the last three days after rallying above $73,000 at the beginning of the week. Data fromCoinbase shows that the BTC price fell from a…
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Microsoft’s upcoming vote on whether or not to build a Bitcoin position is just another sign of corporations’ and institutional investors’ growing interest in BTC. On Oct. 24, a filing by Microsoft Corp. (MSFT) with the United States Securities and Exchange Commission (SEC) revealed an unexpected item on the agenda for its upcoming annual shareholder meeting on…
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Bitcoin’s failure to hold $68,000 could be an early sign that a price reversal is beginning. Bitcoin’s price has rebounded by more than 7.5% in seven days after hitting a 10-week high of $67,922 on Oct. 15. However, a sharp correction in the coming days is possible based on several technical and onchain factors. BTC/USD…
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Bitcoin derivatives metrics shifted as BTC price fell under $59,000. Are lower prices incoming? Bitcoin declined by 5.3% between Oct. 9 and Oct. 10, reaching a three-week low of $58,900. The market correction began after the United States reported higher-than-anticipated consumer inflation data, suggesting traders are concerned that the Federal Reserve has less incentive to…
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Bitcoin traders are reducing their risk exposure ahead of the upcoming US inflation report, among other factors contributing to the cautious sentiment. Bitcoin’s price is down today as traders play cautiously ahead of key inflation data in the United States and elevated open interest in the derivatives market. Bitcoin traders de-risk ahead of CPI data…
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Bitcoin ETFs have witnessed $287.80 million in daily outflows amid a growing de-risking mood across the crypto and traditional risk markets. Bitcoin’s price is falling today, mirroring declines across the global risk markets due to fears about the economic outlook. Recession risks pressure Bitcoin, stocks lower As of Sept. 4, BTC was down 3.30% to around…
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Bitcoin traders expect BTC to rally if the Fed rolls out a 0.50% rate cut, but hedging these bullish positions is also necessary. Here is how it’s done. Bitcoin has repeatedly failed to close above the $62,000 level since Aug. 3 and is currently down 11% over the past 30 days. More notably, the cryptocurrency…
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Institutions are buying as Bitcoin dips under $60,000, strengthening the long-term bullish outlook for BTC’s price. Independent market analyst Arsen remains unfazed by the recent dip in Bitcoin’s price, predicting a monumental rebound to $330,000 in the current bull cycle. Smart money is accumulating Bitcoin Arsen argues that smart money — institutional investors, market experts and other…
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