Bitcoin’s open interest just exploded by $1.94 billion today, with its price rallying toward the $70,000 mark. Coinbase has been dumping Bitcoin on the spot market since US markets opened. BTC OI Chart. Source: ByzGeneral on X. It’s a stark difference from last week’s Tether chaos, where new FUD (fear, uncertainty, doubt) rumors of an […]
The price of the most popular Bitcoin briefly exceeded $71,500, which was only $2,000 away from it’s all-time high of 73,737 on March 14, 2024. However, the current price stands at $71,045 after a jump of 4.91% in the past day. Courtesy: Coinmarketcap Memecoins have seen the largest gains in the past 24 hours following […]
Bitcoin traders are bracing for increased volatility as the U.S. election nears on Nov. 5, with estimates for price swings as high as 20%, according to data from DeFi derivatives platform Derive. “The latest trading analysis reveals some compelling insights into market dynamics as we approach significant financial events,” Derive founder Nick Forster told Decrypt […]
Bitcoin (BTC) is set for turbulent weeks ahead, with election uncertainty, the “Trump trade” narrative, and historically favorable fourth-quarter conditions creating a “perfect storm” for market movement, according to the latest “Bitfinex Alpha” report. The report said that in the lead-up to the US elections, Bitcoin has already demonstrated “whipsaw” price action following the 6% […]
Cryptocurrency analytics firm CryptoQuant recently shared its observations of Bitcoin’s market dynamics, explaining key signals that point to a potential price increase. According to the firm, Bitcoin miners are holding their assets strategically, indicating confidence in an impending price increase. “We have consistently emphasized the importance of miners’ actions within the Bitcoin network, as these […]
$119 billion VanEck predicts Bitcoin to hit $3m and become a global reserve asset Paul L. Cryptocurrency Oct 28, 2024 Share Investment manager VanEck, one of the bullish institutional investors in Bitcoin (BTC), believes the maiden cryptocurrency is on track to surpass the $1 million valuation in the coming years. Specifically, the firm’s Head of […]
Bitcoin is ‘under Vampire attacks’ warns crypto analyst Andreja Stojanovic Cryptocurrency Oct 28, 2024 Share Though momentum has been somewhat choppy in the most recent trading, the prevailing sentiment in the cryptocurrency market this ‘Uptober’ – a popular nickname for October – is optimism. After months of slightly downward trading, Bitcoin (BTC) broke with the […]
Popular blockchain tracker Whale Alert, which monitors large cryptocurrency transactions made by large holders known as whales, has spotted a major transfer targeted at the U.S.-based exchange Coinbase. This coincided with a substantial Bitcoin price increase seen by the world’s largest cryptocurrency today. 3,000 BTC moved to Coinbase Whale Alert spotted an astounding 3,000 BTC […]
Bitcoin bull cycle ‘didn’t even start yet’, says analyst Mijuško Šibalić Cryptocurrency Oct 28, 2024 Share Bitcoin (BTC) might have reached new all-time highs in 2024, but the pioneering cryptocurrency has seen a period of sideways trading since March, struggling to decisively breach the psychologically important barrier of $70,000, and at times dropping to as […]
We can’t transcend politics ‘because we have bitcoin now, bro’. Sometimes I see this kind of t-shirt or sentiment being shared online, but it’s simply misguided. Just to prove I’m not strawmanning, here’s another similar example: If you just mean “I’m not interested in politics” or you don’t like one particular party’s politics, that’s one […]