Bitcoin miners have always been a reliable indicator of the overall sentiment within the market. By tracking their earnings and actions, we can get a sense of where the price of BTC might head next. In this article, we’ll explore the latest trends in Bitcoin mining, how miners are reacting to current market conditions, and […]
Crypto analyst Rekt Capital maintains that Bitcoin will not close in the red in October, citing its historical performance. The month of October has shockingly come with surprises as regards price expectations from the largest cryptocurrency by market cap. Bitcoin is currently on a 3.78% price deficit from its closing price in September. Bitcoin proponents […]
Bitcoin is nearing the record for the longest sideways market range post-halving, currently at 285 days since the last halving in April. Factors like U.S. election uncertainty, rising U.S. Treasury yields, and the extension of Mt. Gox’s repayment deadline to October 2025 are contributing to Bitcoin’s lackluster price action. Historically, October is bullish for Bitcoin, […]
Perplexity AI predicts Bitcoin price for year-end based on analysts’ insights Vinicius Barbosa Cryptocurrency Oct 11, 2024 Share Finbold turned to Perplexity Online artificial intelligence (AI) to gather and consolidate up-to-date analyses for a Bitcoin (BTC) price prediction. Perplexity is a unique AI mode capable of real-time web scanning, listed among OpenAI’s most feared competitors, […]
Veteran trader Peter Brandt points out that Bitcoin (BTC) has not set an all-time high (ATH) in over 30 weeks, a pattern that often leads to severe market declines. Brandt disclosed this in his latest analysis despite his generally bullish outlook for BTC. The analyst’s recent report suggests the ongoing market trend could follow previous […]
Thursday’s revelations the US Securities and Exchange Commission was going after crypto market maker and liquidity provider Cumberland DRW did little to rattle prices. While bellwether Bitcoin did briefly drop below $60,000 ahead of the news, the world’s largest crypto has since found a footing, CoinGecko data shows. Perhaps it’s because there’s little to fear […]
Bitcoin price extended losses and traded below the $60,000 zone. BTC is now attempting a recovery wave and facing hurdles near $60,800. Bitcoin is struggling to start a fresh increase above the $61,200 zone. The price is trading below $61,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming […]
The price of bitcoin dipped to $58,867 on Thursday, around 2 p.m. Eastern Time, but by 8:50 p.m. it had climbed back above $60,000. The initial drop reflected heavy selling pressure, but the later rebound—though slow—suggests a potential recovery might be on the horizon. Bitcoin Reclaims $60K After Market Dips: Traders Face $191M in Losses […]
What happened to “Uptober” for Bitcoin? Despite being 10 days into October—a month famed by investors for rising crypto prices in the past—the price of the leading asset is struggling. Bitcoin’s price dropped below $60,000 per coin Thursday afternoon New York time, even briefly dipping below the $59,000 mark. It now stands at $59,810. The […]
Bitcoin fell alongside global stocks today following a stronger-than-expected U.S. inflation report and a surge in weekly jobless claims. The decline highlights Bitcoin’s increasing sensitivity to economic indicators and central bank policies. Leena ElDeeb, a research analyst at 21Shares, noted that Bitcoin has become increasingly reactive to inflation data and monetary policy decisions over the […]