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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Ethereum price underperforms BTC on a number of metrics as investors await spot ETH ETF to start trading. Ether $3,090 started the year strongly but began tapering off in mid-March. Although the ETH picked momentum in mid-May amid anticipation of the approval of spot Ethereum ETFs in the United States, it has underperformed Bitcoin BTC …
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Bitcoin market commentators are increasingly confident that BTC price action is building a breakout, which will make history. Bitcoin heads into June in fighting form as an early push puts key resistance back in play. Bitcoin price momentum is targeting $69,000 as TradFi markets return to the scene — will this week finally see a breakout? This…
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Bitcoin market commentators are increasingly confident that BTC price action is building a breakout, which will make history. Bitcoin heads into June in fighting form as an early push puts key resistance back in play. Bitcoin price momentum is targeting $69,000 as TradFi markets return to the scene — will this week finally see a breakout? This…
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The platform was utilized to launder funds acquired from various criminal activities, including computer hacking, ransomware attacks and drug trafficking. Alexander Vinnik, the co-founder of the crypto exchange BTC-e, has pleaded guilty to money laundering conspiracy. This follows a broader investigation revealing extensive illegal activities on the exchange from 2011 to 2017. In a May…
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Key Points: Grayscale transfers significant transfer, sending 776.667 BTC to Coinbase Prime. Strategic maneuver reflects dynamic engagement in crypto market. Transaction valued at approximately $39.9964 million, amplifying institutional impact. Grayscale transfers a substantial transfer, sending a total of 776.667 Bitcoins to the Coinbase Prime address. The transaction occurred at precisely 22:15 on February 23 marking a strategic maneuver…
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Bitcoin may be “up only” on short timeframes, but seasoned traders are already preparing for a blow-off BTC price top and subsequent bear market. Bitcoin is on the way to $55,000 this week — but warnings of a new bear market are already surfacing. In his latest analysis on X (formerly Twitter) on Feb. 14, popular trader…
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Bitcoin faces a sea of global bank bailouts in the coming years, Tuur Demeester believes — fueling a BTC price explosion to seven figures and beyond. Bitcoin will see a minimum of $200,000 in the coming years and could pass half a million dollars, a popular analyst predicts. In his latest update on long-term BTC price action, advisor…
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Bitcoin bulls are chasing a new year-to-date high. Godleak explains what is behind the BTC price move. Bitcoin price is up 6.28% over the last 24 hours and hit an intraday high at $48,200 on Feb. 9. Technical indicators, rallying spot Bitcoin exchange-traded fund (ETF) shares and on-chain data show that Bitcoin has the strength…
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Bitcoin sees a $1,300 daily candle, but a $1 billion surge in open interest sparks concern over BTC price strength at new levels. Bitcoin held around 3% higher on Feb. 8 as crypto markets teased some much-needed upside. Bitcoin adds nearly $1 billion open interest Data from Cointelegraph Markets Pro and TradingView showed BTC price action focusing on…
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