Bitcoin demand among United States investors surged after the Federal Reserve confirmed its intentions to lower interest rates. Bitcoin buyer interest in the United States hit a 39-day high following the US Federal Reserve further confirming that interest rates were due to fall, according to recent data. “Bitcoin demand in the US spiked today as…
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Institutional spot Bitcoin ETF outflows and lowered Bitcoin miner profitability could be driving the current price drop Bitcoin gained 4.3% between Aug. 16 and Aug. 18 but reversed this gain after failing to sustain levels above $60,000. The price corrected to $58,500 while the S&P 500 index futures and gold approached their all-time highs on Aug.…
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Despite Bitcoin dropping 21% from its all-time high, the majority of Bitcoin held in wallets hasn’t been sold or moved for the last six months. Around three-quarters of all circulating Bitcoin hasn’t been moved for the past six months or more, according to onchain data. The findings come from Glassnode’s Hodl Wave chart, which uses…
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Bitcoin miners could increase profitability and improve “bad balance sheets” by allocating some of their energy capacity to the AI and HPC sectors, according to VanEck. Bitcoin miners have the opportunity to potentially generate around $13.9 billion in additional yearly revenue if they partially transition to providing energy to the artificial intelligence and high-performance computing…
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If Bitcoin follows the same pattern as previous election years, August will be “nothing crazy,” but a breakout may occur within a month or two, according to a crypto analyst. Bitcoin’s price chart is mirroring patterns seen in previous United States election years, and its recent lack of momentum could be significantly reversed, according to…
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Bitcoin trading volume and liquidity are being concentrated on weekdays due in part to ETFs and could cause more wild price swings on the weekend. Bitcoin has become more susceptible to wild weekend volatility since the launch of spot Bitcoin exchange-traded funds, according to Kaiko Research. In an Aug. 12 report, Kaiko’s crypto analysts noted Bitcoin’s…
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Bitcoin still faces significant resistance at $62,000, and if it breaks, it could liquidate over $845 million of leveraged shorts. Crypto market analysts say the Bitcoin bear trap is officially over. Based on historical chart patterns, they are eyeing the next price breakout. Was the 25% Bitcoin price drawdown a bear trap? A bear trap is a form…
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Bitcoin is just 12% shy of all-time highs, but a trader says it could stay in this zone for at least the next few months unless demand comes through. The price of Bitcoin may hover around the $66,000 zone until September, and if so, will provide investors with ample opportunities to accumulate, according to a…
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BlockTower Capital CIO Ari Paul is prepared to “lay 10:1” against the possibility of the US creating a Bitcoin strategic reserve in the next four years. The idea of the United States government holding a Bitcoin strategic reserve may be “bullish” for its price, but it is unrealistic to actually come to fruition in the…
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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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