CME Bitcoin futures show investors betting on $40K BTC price

The demand for institutional investors for Bitcoin (BTC) became evident on Nov. 10 as the Chicago Mercantile Exchange (CME) Bitcoin futures flipped Binance's BTC futures markets in terms of size. According to BTC derivatives metrics, those investors are showing strong confidence in Bitcoin's pote ...

Price analysis 11/29: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, AVAX

Bitcoin (BTC) is trying to sustain above the overhead resistance of $38,000 for the second consecutive day and start the next leg of the uptrend. The excitement among market observers may have increased after the United States Securities and Exchange Commission (SEC) delayed its decision on the a ...

Bitcoin price fails $38.5K breakout as US GDP fuels Fed hard landing woes

Bitcoin (BTC) shrank back from resistance after the Nov. 29 Wall Street open as United States GDP figures beat expectations.BTC/USD 1-hour chart. Source: TradingViewGDP sets tone for macro-sensitive cryptoData from Cointelegraph Markets Pro and TradingView followed a familiar BTC pr ...

Bitcoin gets ‘whale games’ warning as BTC price eyes $40K into US data

Bitcoin (BTC) held momentum at $38,000 on Nov. 29 as analysis warned over market corrections.BTC/USD 1-hour chart. Source: TradingViewBitcoin meets macro data, Fed's Powell at key price pointData from Cointelegraph Markets Pro and TradingView showed BTC price trajectory continuing t ...

Why is Dogecoin price down today?

The price of Dogecoin (DOGE) is down today, mirroring trends elsewhere in the cryptocurrency market.Why is Dogecoin price down today?On Nov. 28, DOGE's price dropped over 3.5% to $0.076, underperforming the crypto market, which fell by around 1.25% in the same period. The memecoin's price ...

‘Buy the rumor, sell the news’ — Bitcoin ETF may spark TradFi sell-off

Bitcoin (BTC) may suffer when the first spot exchange-traded fund (ETF) is approved by the United States, a new warning says.In a thread on X (formerly Twitter) on Nov. 28, Joshua Lim, head of derivatives at capital market firm Genesis Trading, predicted a volatile start to 2024 for BTC pr ...

Bitcoin metric that ‘looks into future’ eyes $48K BTC price around ETF

Bitcoin (BTC) may cruise to nearly $50,000 as the United States okays the first spot price exchange-traded fund (ETF).As flagged by popular analyst CryptoCon, the Ichimoku Cloud indicator is counting down to upside BTC price continuation.Analysis: $43,000 BTC price is "most conservativ ...

Ethereum price falls as regulatory worries and pause in DApp use impact investor sentiment

Ether (ETH) is struggling to maintain the $2,000 support as of Nov. 27, following its third unsuccessful attempt in 15 days to surpass the $2,100 mark. This downturn in Ether's performance comes as the broader cryptocurrency market sentiment deteriorates, thus one needs to analyze whether  ...

Bitcoin traders’ bullish bias holds firm even as BTC price dips to $37K

Bitcoin (BTC) briefly reached $38,000 on Nov. 24 but faced formidable resistance at the price level. On Nov. 27, Bitcoin price traded below $37,000, which is unchanged from a week ago. What is eye catching is the unwavering strength of BTC derivatives, which signals that bulls remain ...

The ‘WAGMI’ mentality is undermining crypto

In 2021, it seemed as if 10 new Disneys — and the next 20 Picassos — were emerging from blockchain and various nonfungible token (NFT) collections.Exorbitant NFT values that year signaled strong belief in many projects. But two years later, those “next Disneys” have delivered little. The s ...

Price analysis 11/27: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, LINK

Bitcoin (BTC) has started the week on a negative note. The failure of the bulls to pierce and sustain above the $38,000 resistance has given a small window of opportunity for the bears to try and make a comeback. Strong selling has pulled the price below $37,000 on Nov. 27.However, lower l ...

BTC price eyes $40K amid record hash rate — 5 things to know in Bitcoin this week

Bitcoin (BTC) starts a new week keeping traders guessing near its highest levels in 18 months — what’s next?BTC price action has held higher after spiking above $38,000 last week, but since then, a testing "micro-range" has left bulls and bears locked in battle.Whether a ...

Bitcoin struggles to flip $38K to support, while UNI, IMX, VET and ALGO aim to push higher

Bitcoin (BTC) rose above $38,000 on Nov. 24, but the bulls could not build upon this strength. This suggests hesitation to buy at higher levels. Bitcoin is on track to form a Doji candlestick pattern on the weekly chart for the second consecutive week. This signals indecision among the bulls and ...

Bitcoin bulls hold firm into weekly close: BTC price eyes $39.3K

Bitcoin (BTC) held near $38,000 into the Nov. 26 weekly close as traders boosted their BTC price optimism.BTC/USD 1-hour chart. Source: TradingViewBitcoin buyers give bears no room for maneuverData from Cointelegraph Markets Pro and TradingView showed a typically flat weekend for Bi ...

XRP price bull flag hints at 20% rally by New Year’s

XRP (XRP) price may rally over 20% in the coming weeks thanks to a classic bullish continuation setup.XRP price enters bull flag breakout stageThe so-called bull flag pattern develops when the price consolidates inside a parallel channel after a strong uptrend. It resolves after the ...

Price analysis 11/24: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, AVAX

Bitcoin (BTC) broke above the overhead resistance of $38,000 on Nov. 24, indicating that the sentiment is positive and bulls have kept up the pressure. Independent Reserve CEO Adrian Przelozny told Cointelegraph that the “next two years are going to be good,” and market activity is likely to pick ...

‘Enjoy sub-$40K Bitcoin’ — PlanB stresses $100K average BTC price from 2024

Bitcoin (BTC) buyers should “enjoy” the chance to add to their stack below $40,000, says one of crypto’s household names.In a post on X (formerly Twitter) on Nov. 24, PlanB, creator of the Stock-to-Flow family of BTC price models, hinted that current levels would not be a ...

Bitcoin buyer pushes BTC price past $38K as traders demand key breakout

Bitcoin (BTC) bulls kept the pressure on 18-month highs on Nov. 24 as analysis eyed buyer interest spiking.BTC/USD 1-hour chart. Source: TradingViewBitcoin fights for new 18-month highData from Cointelegraph Markets Pro and TradingView showed the BTC price trajectory heading upward ...

Ethereum (ETH) price reclaims $2K as data shows a surge in network activity

Ether (ETH) price is trading slightly higher on Nov. 23, maintaining support above the $2,000 level after briefly retesting $1,930 on Nov. 21. Over the past week, Ether's price has increased by 2.5%, while the total market capitalization has grown by 0.5%. This uptrend can be attributed to improv ...

Bitcoin to $1M post-ETF approval? BTC price predictions diverge wildly

Bitcoin (BTC) may not see a $40,000 BTC price reclaim despite increasing excitement over a spot exchange-traded fund (ETF).In recent analysis, crypto market participants have started to reconsider just how bullish the ETF narrative really is for BTC price action.Trader: "Not sure" B ...

Bitcoin ETF hype returns as ‘aggressive bid’ sends BTC price near $38K

Bitcoin (BTC) took fresh aim at $38,000 into Nov. 23 as an “aggressive bid” dispelled cold feet over Binance’s $4.3 billion fine.BTC/USD 1-hour chart. Source: TradingViewBitcoin analysis: "Something is cooking"Data from Cointelegraph Markets Pro and TradingView sho ...

Bitcoin derivatives traders target $40K BTC price now that Binance is resolved

The cryptocurrency market recently experienced events that were previously expected to present a severe negative price impact, and yet, Bitcoin (BTC) trades near $37,000 on Nov. 22, which is essentially flat from three days prior. Such performance was utterly unexpected given the relevance ...

Price analysis 11/22: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, AVAX

Traders hate uncertainty; hence, the settlement between Binance, Changpeng “CZ” Zhao and the United States Department of Justice is likely to be viewed as a positive for the cryptocurrency space. Analysts largely remained positive on the deal, but a few sounded cautious due to the Securities and ...

BTC price bounces 3% post Binance amid call for Bitcoin bulls to ‘step in’

Bitcoin (BTC) traded $1,000 off weekly lows after the Nov. 22 Wall Street open as a BTC price relief bounce held firm.BTC/USD 1-hour chart. Source: TradingViewBitcoin respects "very clear" key levelsData from Cointelegraph Markets Pro and TradingView followed crypto markets as they ...

Rethinking Bitcoin ‘dominance’ at 51% — A misleading metric?

Bitcoin's (BTC) market dominance has traditionally been viewed as a key indicator of its market strength. Currently, the metric is at a multi-year high above 51%. Bitcoin dominance. Source: Coinmarketcap.comHowever, a closer analysis suggests that the concept of "Bitcoin dominance" mi ...

Crypto markets mixed as traders digest DOJ action against Binance, CZ

Crypto markets were subjected to a heavy dose of volatility on Nov. 21 as the United States Department of Justice (DOJ), Commodity Futures Trading Commission (CFTC) and U.S. Treasury announced a $4.3-billion settlement with Binance and that former Binance CEO Changpeng Zhao will plead guilty to o ...

BNB price rallies on news of DOJ-Binance settlement

BNB’s (BNB) price breakout to a 5-month high at $271.90 comes as reporting from the Wall Street Journal highlighted the United States Department of Justice’s plan to announce a $4.3 billion dollar settlement with Binance to end its case. WSJ also reported that Binance founder Changpeng “CZ" Zhao ...

BTC price returns key profit mark to Bitcoin exchange users at $34.7K

Bitcoin (BTC) bought on exchanges every year since 2017 is now on average in profit, the latest data confirms.Compiled by on-chain analytics firm Glassnode, exchange withdrawal figures confirm that at $37,000, a user’s purchase is on aggregate “in the black.”Bitcoin exchange users claw ...

Bitcoin stalls below $38K as analysis hints ‘Notorious B.I.D.’ is back

Bitcoin (BTC) sought to rematch 18-month highs into Nov. 21 as order book activity gave one analyst a sense of deja-vu.BTC/USD 4-hour chart. Source: TradingViewWhale games conjure Bitcoin's Q1 2023Data from Cointelegraph Markets Pro and TradingView showed BTC price momentum bui ...

Crypto traders are looking at Dogecoin (DOGE) again — Here is why

When memecoins go parabolic, it’s usually a market top signal and a warning that investors’ euphoria has peaked. The market witnessed similar speculative fury in the 2020 to 2021 bull market when Dogecoin (DOGE) chased after $1, Shiba Inu (SHIB) rallied by tens of thousands of percent ...

Price analysis 11/20: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, LINK

The S&P 500 Index (SPX) rose 2.24% last week, its third consecutive weekly gain. In comparison, Bitcoin (BTC) managed a minuscule gain of 0.8%, indicating consolidation below $38,000. The prospects for risky assets remain bullish as the United States Dollar Index has started to turn down.&nbs ...

70% of BTC dormant for a year — 5 things to know in Bitcoin this week

Bitcoin (BTC) starts Thanksgiving week in the United States with a return to $37,000 as bulls stubbornly refuse to loosen their grip.BTC price action remains tantalizingly near 18-month highs as another weekly close provides a fresh taste of bull market momentum.The largest cryptocu ...

SOL, LINK, NEAR and THETA flash bullish as Bitcoin takes a breather

Bitcoin (BTC) has been consolidating above $35,000 for several days, but the bulls have failed to resume the uptrend above $38,000. This suggests hesitation to buy at higher levels. BitGo CEO Mike Belshe said in a recent interview with Bloomberg that there is likely to be another round of rejecti ...

Bitcoin nears pre-halving ‘target zone’ toward $50K BTC price

Bitcoin (BTC) is nearing a key Fibonacci retracement level which could mark the top of its “pre-halving rally.”That is according to popular social media trader Titan of Crypto, who on Nov. 19 reiterated a pre-halving BTC price target of up to $50,000.Trader: $39,000 is pre-halving BTC ...

One year on: Top 3 gainers after the ‘FTX crash bottom’

It's been a year since the demise of the FTX exchange — an event that's now increasingly looking like it was the Bitcoin (BTC), which is up roughly 120% from a year ago.In November 2022, the FTX collapse wiped nearly $300 billion off the market cap, impacting several crypto ...

3 metrics DeFi traders can watch in order to spot the next crypto bull market

The decentralized finance (DeFi) market has been one of the most exciting and volatile sectors in the crypto outside of Bitcoin (BTC). In 2020, the DeFi sector experienced a bull market that saw the total value locked (TVL) in decentralized finance protocols surge from $1 billion to over $100 bil ...

Bitcoin traders’ BTC price dip targets now include $30.9K bottom

Bitcoin (BTC) circled $36,000 after the Nov. 16 Wall Street open as analysis hoped for a deeper BTC price comedown.BTC/USD 1-day chart. Source: TradingViewBitcoin traders map out likely bottomsData from Cointelegraph Markets Pro and TradingView followed a retracement from intraday h ...

Bitcoin bull market FOMO absent as BTC price nears key $39K profit zone

Bitcoin (BTC) bull market “FOMO” has yet to appear despite BTC price being up 120% this year.Data from statistics platform Look Into Bitcoin shows that on-chain transactions are only starting to involve “younger” bitcoins.Bitcoin bull market analysis: "We're still early"Bitcoin rema ...

BTC price dips 4% as Bitcoin analysis reveals low liquidity above $33K

Bitcoin (BTC) saw a classic pullback after the Nov. 16 Wall Street open as deja vu BTC price action continued.BTC/USD 1-hour chart. Source: TradingViewAnalysis: Door open to deeper BTC price correctionData from Cointelegraph Markets Pro and TradingView followed Bitcoin as it descended to $ ...

Bitcoin enters make-or-break zone after BTC price snaps back to $38K

Bitcoin (BTC) circled a key level into the Nov. 16 Wall Street open after copycat BTC price action produced a fresh attack on $38,000.BTC/USD 1-hour chart. Source: TradingViewBTC price matches 18-month highsData from Cointelegraph Markets Pro and TradingView showed a swift turnaroun ...

Some crypto companies might be too excited for Bitcoin’s halving

As we approach Bitcoin's (BTC) halving in April, a phenomenon that historically triggers significant market shifts, companies within the space are at a critical juncture. This event is surrounded by speculation and strategic planning, and for some, a sense of uncertainty. While it's laden with op ...

Solana (SOL), Avalanche (AVAX) and dYdX produce double-digit gains as Bitcoin reclaims $37K

On Nov. 15, several altcoins continued to show strength alongside Bitcoin (BTC), which notched an intra-day high at $37,400. Leading into the week, DYDX, Solana’s SOL (SOL) and Avalanche’s AVAX (AVAX) currently reflect double-digit gains, with each chasing after new year-to-date highs.  ...

Price analysis 11/15: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, MATIC, LINK, TON

Bitcoin (BTC) succumbed to profit-booking on Nov. 13 and 14, which pulled the price below $35,000. Corrections are a normal part of every up-move and are considered healthy as they shake out the weak hands and allow the stronger hands to add to their positions. A note of caution to th ...

3 reasons why Bitcoin price failed to break $37K

Bitcoin (BTC) recently surged above $37,000 between Nov. 10 and 12, only to falter and undergo a correction toward $35,000 on Nov. 13. This abrupt movement triggered the liquidation of $121 million worth of long futures contracts, and while Bitcoin’s price stabilized around $35,800 on Nov. ...

BTC price bounces at 1-week lows as Bitcoin whales sell into $35K

Bitcoin (BTC) tested $35,000 support into the Nov. 14 daily close as sell-side pressure sparked multiday lows.BTC/USD 1-hour chart. Source: TradingViewBTC price sheds $1,000 in an hourData from Cointelegraph Markets Pro and TradingView tracked a swift retreat for BTC price action, w ...

Bitcoin bounces at $36.2K lows as CPI inflation slows beyond forecasts

Bitcoin (BTC) targeted $37,000 at the Nov. 14 Wall Street open as the latest United States inflation data undercut expectations.BTC/USD 1-hour chart. Source: TradingViewCPI offers Bitcoin, stocks a pleasant surpriseData from Cointelegraph Markets Pro and TradingView showed BTC price streng ...

$48K is now ‘reasonable’ BTC price target — DecenTrader’s Filbfilb

Bitcoin (BTC) remains on track to near $50,000 around next year’s block subsidy halving event, longtime analyst Filbfilb says.In his latest interview with Cointelegraph, the co-founder of trading suite DecenTrader shares his current thoughts on BTC price action.Filbfilb: Bitcoin has gi ...

Why is Solana (SOL) price down today?

Solana's native token (SOL) experienced a remarkable 58.6% surge in just five days, reaching an $64 high on Nov. 11. However, the subsequent two-day retracement of 11.3% to $54 has prompted investors to question whether this signals a fading bullish momentum or merely a temporary price adjustment ...

Price analysis 11/13: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, LINK

Bitcoin (BTC) has risen more than 120% year-to-date, indicating that the crypto sentiment has improved significantly. Solid buying has resulted in a sharp increase in crypto wallets holding more than $1 million in Bitcoin this year from 23,795 on Jan. 1 to 81,925 currently, according to BitInfoCh ...

History tells us we’re in for a strong bull market with a hard landing

While the United States Federal Reserve decided to hold interest rates at its November meeting, they remain at their highest level since well before the global financial crisis (GFC) of 2008-09. The Federal Funds rate stands at 5.25-5.5%, similar to the United Kingdom’s 5.25%, while in the ...

Bitcoin institutional inflows top $1B in 2023 amid BTC supply squeeze

Bitcoin (BTC) institutional investment vehicles have seen over $1 billion in new inflows in less than two months.In its latest weekly report on Nov. 13, crypto asset management firm CoinShares furthered the narrative that Bitcoin and altcoins are again attracting capital.Crypto inst ...

Funding rates echo $69K BTC price — 5 things to know in Bitcoin this week

Bitcoin (BTC) starts a new week still riding high near $37,000 as macroeconomic data returns to the fore.The largest cryptocurrency continues to circle its highest levels in 18 months, with excitement over a possible exchange-traded fund (ETF) approval in the United States driving sentimen ...

VET, IMX, GRT and ALGO show bullish setups as Bitcoin trades above $37K

Bitcoin (BTC) is on target to end the week with gains of about 6%, indicating continued demand from the bulls. MicroStrategy co-founder Michael Saylor said during a speech at the 2023 Australia Crypto Convention on Nov. 10 that Bitcoin’s demand on a monthly basis could surge between two to 10 tim ...

Pre-ETF BTC price ‘crash’ or $150K in 2025? Bitcoin forecasts diverge

Bitcoin (BTC) will “most likely” see a serious price drawdown before a key date for institutional investors dawns, says gold bug Peter Schiff.In recent X activity, the longtime Bitcoin skeptic sounded the alarm over recent BTC price gains.Schiff bets on a BTC price "cras ...

Why is Solana price up this week?

The price of Solana (SOL) has soared 40% this week to establish a new 2023 high at around $58. That is Solana's best weekly performance since January 2023. Many factors have contributed to the gains, including a general cryptocurrency market uptrend led by Bitcoin ETF euphor ...

Solana price hits a new 2023 high — What’s behind the SOL rally

Solana's native token (SOL) experienced an impressive 22% surge on Nov. 10, breaking past the $54 mark for the first time since May 2022. Notably, this surge occurred amid the continuous selling of SOL tokens by FTX's bankruptcy estate. The Delaware Bankruptcy Court approved the sale of the faile ...

Price analysis 11/10: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, MATIC

News of BlackRock registering the iShares Ethereum Trust increased expectations that the asset manager may eventually apply for an Ether (ETH) spot exchange-traded fund. This is a positive sign as it shows that BlackRock’s cryptocurrency aspirations are not limited to Bitcoin (BTC).M ...

Bitcoin ‘Terminal Price’ hints next BTC all-time high is at least $110K

Bitcoin (BTC) may next be a “sell” at at least $110,000 as its new bull cycle plays out, a classic on-chain indicator suggests.Data from on-chain analytics platform Look Into Bitcoin shows Bitcoin’s Terminal Price hinting at a possible six-figure BTC price top.BTC ...

CME tops Bitcoin futures OI as ‘real facts’ drive institutional uptake

Bitcoin (BTC) faces a “torrent” of institutional inflows in the run-up to a United States exchange-traded fund (ETF) approval.That is the perspective of Dan Tapiero, founder and CEO of 10T Holdings, who has joined the bulls eyeing a sea change in institutional Bitcoin adoption.Tapiero: ...

Ethereum price hits 6-month high amid BlackRock spot ETF buzz, but where’s the retail demand?

Ether (ETH) experienced a surprising 8% rally on Nov. 9, breaking the $2,000 barrier and achieving its highest price level in six months. This surge, triggered by news of BlackRock registering the iShares Ethereum Trust in Delaware, resulted in $48 million worth of liquidations in ETH short futur ...

Lightspeed Faction launches $285M startup fund for crypto projects

Venture capital firm Lightspeed Faction has created a $285 million fund for crypto startups, according to a Nov. 9 announcement. The fund will focus on “early stage blockchain projects” and will also provide capital as these projects scale, the announcement stated. ...

Is it altseason? Altcoin 30-day performance and total market cap flash bullish

A wave of green has washed across the entire crypto market, and it won’t be long before traders on X (the social platform formerly known as Twitter) begin to explain that a new altcoins season has arrived. Altcoin season, or ‘altseason’ as the crypto bros say, typica ...

Bitcoin puzzles traders as BTC price targets $40K despite declining volume

Bitcoin (BTC) may have tapped $37,000 for the first time in 18 months, but traders are getting suspicious of BTC price action.BTC/USD 1-hour chart. Source: TradingViewBTC price move "doesn't feel right"After snap overnight gains, Bitcoin is attempting to crush resistance on the way ...

AI infrastructure startup Ritual raises $25M to fill gaps in crypto

Decentralized artificial intelligence (AI) network Ritual came out of stealth mode to announce a $25 million Series A financing for the company, led by Archetype. The company offers an AI-powered infrastructure that aims to execute complex logic currently infeasible for smart contracts.Whi ...

Bitcoin ETF excitement returns as BTC price nears $37K

Bitcoin (BTC) neared $37,000 on Nov. 9 as a fresh BTC price surge appeared to take traders by surprise.BTC/USD 1-hour chart. Source: TradingViewU.S. "carrying" Bitcoin upsideData from Cointelegraph Markets Pro and TradingView showed BTC/USD passing $36,000 after the daily close. ...

Chainlink (LINK) pumps 26% in 6 days — Is there room for more?

Chainlink's (LINK) token has experienced a remarkable 26% surge between Nov. 2 and Nov. 8, approaching $14, a level not seen since April 2022. This solidified its position as the 10th largest cryptocurrency (excluding stablecoins) by market capitalization.While the price action is a welcom ...

Price analysis 11/8: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, MATIC

Bitcoin’s (BTC) rally stalled near $36,000, but the bulls have not hurried to book profits. According to Glassnode analysis, the Long-Term Holder metric, which are addresses holding Bitcoin for at least 155 days, supply is near an all-time high, while the Short-Term Holder, addresses holding coin ...

New BTC price levels to watch as Bitcoin avoids $36K

Bitcoin (BTC) has new short-term BTC price targets as consolidation mixes with bouts of volatility.After a classic “short squeeze” took the largest cryptocurrency to near $36,000, Bitcoin market participants are highlighting key levels to look for from Nov. 8 onward.Bitc ...

Toncoin (TON) price skyrockets to 11-month high after Telegram launches ‘Giveaways’

Toncoin (TON) price reached its highest levels in almost a year as crypto traders assessed a slew of optimistic updates in its market, including the recent launch of "Giveaways" on Telegram. In result, TON is now the tenth-biggest cryptocurrency with a market capitalization of over $9 bill ...

Bitcoin ‘short squeeze’ sends BTC price to $35.9K as OI stays elevated

Bitcoin (BTC) saw classic BTC price volatility into the Nov. 7 daily close as a “short squeeze” took the market near $36,000.BTC/USD 1-hour chart. Source: TradingViewBitcoin hits "key" short squeeze priceData from Cointelegraph Markets Pro and TradingView followed BTC/US ...

Data highlights Bitcoin’s potential path to $40K amid global economic turbulence

Bitcoin (BTC) has been trading within a narrow 4.5% range over the past two weeks, indicating a level of consolidation around the $34,700 mark. Despite the stagnant prices, the 24.2% gains since Oct. 7 instill confidence, driven by the impending effects of the 2024 halving and the pot ...

Bitcoin supply held by long-term holders hits all-time high — Research

Data from Glassnode suggests that Bitcoin (BTC) is in an accumulation pattern with its available supply reaching a new historical low. According to the report, Bitcoin’s illiquid supply and long-term holders cohort rise.As Bitcoin’s supply tightens, available BTC is being purchased by smal ...

Bitcoin open interest passes $15B as analyst warns of 20% BTC price dip

Bitcoin (BTC) fell toward $34,500 on Nov. 7 as analysts’ attention turned to mushrooming open interest.BTC/USD 1-hour chart. Source: TradingViewOpen interest "surge" spooks Bitcoin punditsData from Cointelegraph Markets Pro and TradingView showed BTC price trajectory strugglin ...

Inordinately high — Bitcoin ordinals send BTC transaction fees to new 5-month peak

Bitcoin (BTC) transaction fees are at their highest in nearly six months as a new wave of inscriptions boosts competition for block space.Data from statistics resource BitInfoCharts shows the average BTC transaction fee approaching $6 as of Nov. 7.Ordinals taking up Bitcoin mempool ...

Solana price corrects as recent (SOL) rally factors come under question

Solana (SOL) experienced a notable 36.6% increase in value between Oct. 30 and Nov. 2. However, SOL’s failure to breach the $44.50 mark resulted in a 10% correction down to $40 on Nov. 6. This movement has left many investors pondering whether the ecosystem growth and network activity suppo ...

Price analysis 11/6: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON

Bitcoin’s (BTC) marginal rise of about 1.5% last week suggests that traders are cautious at higher levels but they are not rushing to the exit. The bears have been in hibernation for the past few days but if the rally fails to resume, sellers may try to make a comeback.However, in an uptre ...

Bitcoin price reclaims $35K — Will ATOM, UNI, NEAR and AXS rally next?

The S&P 500 Index soared 5.85% last week, its best performance since November 2022. A large part of the gains were fuelled by expectations that the Federal Reserve will not hike rates anymore. In comparison, Bitcoin (BTC) had a much muted performance with a rise of approximately 2 ...

3 reasons why Ethereum price is underperforming altcoins

Ether (ETH) price surged by 6.2% from Nov. 3 to Nov. 5, but the altcoin faces difficulty in breaking the $1,900 resistance. Despite the current bullish trend, Ether's 17% return over the last 30 days falls short of Bitcoin's (BTC) impressive 27% gain during the same period.Regulatory hurdles ...

Exchange flow gap hits 10K BTC — 5 things to know in Bitcoin this week

Bitcoin (BTC) begins the second week of November still holding strong near 18-month highs — where might BTC price moves head next?The largest cryptocurrency has fought off sell pressure to seal another impressive weekly close. In what analysis is increasingly describing as a c ...

Bitcoin bulls defend $34K as trader predicts next BTC price ‘impulse’

Bitcoin (BTC) sought to pressure $35,000 on Nov. 4 as weekend markets continued to consolidate higher.BTC/USD 1-hour chart. Source: TradingView"Significant" event sets up BTC price upsideData from Cointelegraph Markets Pro and TradingView showed BTC price support holding after the e ...

Price analysis 11/3: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, MATIC

Bitcoin (BTC) soared above $35,000 on Nov. 2 and that may have sucked in the aggressive bulls who speculated that the next leg of the up-move was beginning. However, the price quickly turned around and fell back below $35,000 signaling that the breakout may have been a fake move.A mild cor ...

CME Bitcoin futures hit record high, but uncertainty looms above $36K

Bitcoin (BTC) futures open interest at the Chicago Mercantile Exchange (CME) hit an all-time high of $3.65 billion on November 1. This metric considers the value of every contract in play for the remaining calendar months, where buyers (longs) and sellers (shorts) are continually matched.B ...

Opinion: With Bitcoin’s halving months away, it may be time to go risk-on

More tradition than coincidence, the Christmas season is around the corner again and the market is looking good for yet another run. Bitcoin (BTC) surged to more than $35,000 in October, another record high for 2023. The year-long rally has been attributed to unconventional market trends, includi ...

Bitcoin to the moon! Top 5 BTC price predictions for 2024 and beyond

Bitcoin (BTC) continues to circle its highest levels in 18 months and bullish BTC price predictions are flowing in — how high can the bull market go and how fast?From a crash to $20,000 to six figures within months, there is plenty of variety when it comes to what Bitcoin might do next, wi ...

Bitcoin price cools off, but ‘You can never have too much Bitcoin, says Saylor

This week Bitcoin (BTC) price came within a hair of the $36,000 mark, before abruptly reversing course and correcting to $34,250. After a near 30% run over the past month, it is natural for the price to cool off as some traders take profit and market participants evaluate whether or not the catal ...

BTC price dips 3.5% as ‘overheated’ Bitcoin derivatives spark angst

Bitcoin (BTC) broke below $35,000 after the Nov. 2 Wall Street open as analysis warned of “overheated” derivatives.BTC/USD 1-hour chart. Source: TradingViewBitcoin undoes post-Fed gainsData from Cointelegraph Markets Pro and TradingView tracked a retreating BTC price as ...

‘I just bought SOL’ — Arthur Hayes after Solana price rebounds 500%

Arthur Hayes, the former CEO of crypto derivatives exchange BitMEX, has “admitted” to buying Solana’s SOL (SOL) at its possible local top, stressing his bullish outlook for the cryptocurrency.Fam I have something embar ...

4 signs Bitcoin is starting its next bull run

As the chances of a Bitcoin exchange-traded fund (ETF) being approved rise, six-figure BTC price predictions are also becoming increasingly common, particularly now that the April 2024 halving is less than 180 days away.BTC price historical patterns, halvingBitcoin’s (BTC) pri ...

New BTC price breakouts see Bitcoin traders confirm targets up to $48K

Bitcoin (BTC) has jumped to new 18-month highs, but holding its latest support is now key to avoiding a “breakdown.”BTC/USD 1-week chart. Source: TradingView$35,000 decides Bitcoin range breakout validityData from Cointelegraph Markets Pro and TradingView shows BTC price ...

Bitcoin beyond 35K for Christmas? Thank Jerome Powell if it happens

Historically, a Santa rally happens in the weeks leading up to Christmas when a collective sense of goodwill bleeds into equity markets. This is typically a seasonal blip and nothing to write home about. But this year, we could see a far more significant rally as the United States Federal Reserve ...

Ethereum futures premium hits 1-year high — Will ETH price follow?

Ether (ETH) price has declined by 14.7% since its peak at $2,120 on April 16, 2023. However, two derivatives metrics indicate that investors have not felt this bullish in over a year. This discrepancy warrants an investigation into whether the recent optimism is a broader response to Bitcoin (BTC ...

3 reasons why Ethereum price is down against Bitcoin

The price of Ethereum’s native token, Ether (ETH) is trading around a 15-month low versus Bitcoin (BTC), and the lowest since Ethereum switched to proof-of-stake (PoS).Cointelegraph takes a closer look at some of the reasons for the continuous drop of the ETH/BTC pair. Ether’s historic ...

Price analysis 11/1: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, MATIC

Bitcoin (BTC) skyrocketed 28.5% in October, its second-best monthly gain of the year behind the 40% rally in January. After the strong showing in October, the next question on investors’ minds is, could the bullish momentum continue and Bitcoin extend its recovery going forward?Bernstein s ...

100%+ BTC price gains? Bitcoin faces ‘massively overvalued’ stocks

Bitcoin (BTC) will “reassert” itself to deliver over 100% annual BTC price gains, says one of the crypto industry’s major proponents.In an interview with CNBC airing Oct. 5 and published Oct. 31, Dan Morehead, CEO of hedge fund Pantera Capital, predicted continued crypto ...

Bitcoin crash pre-halving? Stablecoin metric that marked 2019 top flashes warning

Bitcoin (BTC) is at 17-month highs with just 164 days until the next Bitcoin halving event, alongside anticipation of a spot Bitcoin exchange-traded fund (ETF) approval in the coming months.Yet, amid Bitcoin’s 106.38% year-to-date gains, the stablecoin supply rate oscillator ...

BTC price gets $36K FOMC target as Bitcoin prints 29% ‘Uptober’ gains

Bitcoin (BTC) has seen its highest monthly close since May 2022 after “Uptober” delivered near 30% BTC price gains.BTC/USD 1-month chart. Source: TradingViewMonthly close boosts Bitcoin bull market hopesData from Cointelegraph Markets Pro and TradingView confirms Bitcoin ...

Bitcoin futures data highlight investors’ bullish view, but there’s a catch

Bitcoin (BTC) price surged by 26.5% in October and several indicators hit a one-year high, including the BTC futures premium and the Grayscale GBTC discount. For this reason, it's challenging to present a bearish thesis for BTC as data reflects the post-FTX-Alameda Research collapse r ...

Will weakness in Magnificent 7 stocks spread to Bitcoin price?

The mega-cap tech stocks, which saw a robust start in 2023, are now grappling with massive trillion-dollar losses, leaving their shareholders concerned. Wall Street's unease over surging bond yields and higher interest rates has cast a shadow on these companies. Traders are now pondering the pote ...

‘Sodl’ too soon: US gov’t missed Bitcoin gains now total $6B

Bitcoin (BTC) worth over $7.2 billion is still controlled by the United States government — but its losses are mounting.Data from on-chain analytics firm Glassnode shows that Washington’s seized bitcoins total 210,429 BTC as of Oct. 31.195,000 BTC sold, $6.3 billion downThe U.S. Dep ...

Warren Buffett’s ‘crypto stock’ beats Apple and Amazon — but not Bitcoin

Warren Buffett may still view cryptocurrencies and Bitcoin (BTC) as “rat poison squared,” but he is generating big profits from his position in a crypto-friendly bank in 2023.Warren Buffett’s “crypto bet” up $130 million in 2023The “Oracle of Omah ...

There are now nearly 40M Bitcoin addresses in profit — a new record

Bitcoin (BTC) has more wallet addresses in profit than ever before despite BTC price being 50% below all-time highs.The latest data from on-chain analytics firm Glassnode shows a record number of addresses “in the black.”$34,000 BTC price returns over 80% of Bitcoin addresses to profit ...

Bitcoin options data highlights traders’ belief in further BTC price upside

The recent gains are a rare sight in 2023, even considering Bitcoin's impressive 108% year-to-date performance. Notably, the last instance of such price action occurred on March 14 when Bitcoin surged from $20,750 to $26,000 in just two days, marking a 25.2% price increase.Deribit BTC opti ...

Price analysis 10/30: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON

Bitcoin (BTC) price climbed by 15% last week and 10.45% the week before. The S&P 500 Index dropped 2.53% last week and 2.39% the week before. This shows that Bitcoin has decoupled from the S&P 500 Index in the short term and may chart its own course.However, the path higher may not ...

Bitcoin’s bull move might not be over yet — Here are 3 reasons why

The bullish momentum that propelled Bitcoin (BTC) price to a year-to-date high continues into its third week as the price presses toward the $35,000 handle. Some notable developments that back the current bullish momentum are: The forming a golden cross between the 50-day ...

End of ‘Uptober’ targets $40K BTC price — 5 things to know in Bitcoin this week

Bitcoin (BTC) starts a new week at comfortable highs as traders square off over BTC price action to come.As macroeconomic uncertainty continues to grow, Bitcoin is cementing its new trading zone above $30,000.The highest weekly close since early May 2022 is the latest achievement fo ...

Bitcoin price hovers near $35K as ETH, APT, QNT and RUNE turn bullish

Hopes of approval for a spot Bitcoin (BTC) exchange-traded fund by the United States Securities and Exchange Commission boosted Bitcoin’s price by 27% in October. This improved sentiment, attracting aggressive buying by crypto investors.Bloomberg senior ETF analyst Eric Balchunas highlight ...

First Bitcoin ETF trades $1.5B as GBTC ‘discount’ echoes $69K BTC price

Bitcoin (BTC) institutional investment vehicles are seeing a major volume boost as excitement over possible United States regulatory changes takes hold.Data from resources including Bloomberg showed Bitcoin exchange-traded funds (ETFs) and others nearing record weekly inflows.BITO, ...

Price analysis 10/27: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, MATIC

Bitcoin (BTC) has been trading above $33,600 for the past two days, indicating that the bulls are not rushing to the exit. After a sharp rally, if the price does not give up much ground, it may cause FOMO and ignite another round of buying. That could push the markets further into overboug ...

Chainlink leads the market with 61% weekly gain — What’s driving LINK price?

The Chainlink’s (LINK) token surged by a substantial 61.3% from Oct. 20 to Oct. 25, reaching a peak of $11.78 and marking its highest point since May 2022. LINK price then stabilized around $10.50, prompting investors to question the sustainability of this new price level.Chainlink (LINK) tok ...

Bitcoin beats S&P 500 in October as $40K BTC price predictions flow in

Bitcoin (BTC) surfed $34,000 at the Oct. 27 Wall Street open as attention turned to BTC price performance against macro assets.BTC/USD 1-hour chart. Source: TradingViewBitcoin range faces weekly, monthly closeData from Cointelegraph Markets Pro and TradingView showed BTC/USD holding ...

FLOKI price soars 140% in a week — Are memecoins like DOGE, PEPE finally waking up?

Bitcoin's (BTC) rise to as high as $35,000 this week has also lifted a number of memecoins, including Floki (FLOKI), which has beaten its top rivals in percentage gains.FLOKI price up 140% amid Bitcoin ETF hype, TokenFi launchAs of Oct. 27, FLOKI had surged over 140% to $0.00004261, ...

Bitcoin restarting 2023 uptrend after 26% Uptober BTC price gains — research

Bitcoin (BTC) is due to finish 2023 as it started, on-chain analytics firm Glassnode says as October gains near 30%.In the latest edition of its weekly newsletter, “The Week On-Chain,” released Oct. 24, researchers argued that the past week “sets the foundation” for a BTC price uptrend. ...

Bitcoin traders earmark key BTC price levels as $34K struggles to hold

Bitcoin (BTC) fell below $34,000 after the Oct. 26 Wall Street open as consolidation at 17-month highs continued.BTC/USD 1-hour chart. Source: TradingView$33,000 becomes do-or-die BTC price levelData from Cointelegraph Markets Pro and TradingView showed BTC price behavior challengin ...

Bitcoin price model expects $45K ‘phase’ to hit in November

Bitcoin (BTC) is on track to hit $45,000 in November as part of a classic BTC price cycle, popular analyst CryptoCon says.In an X thread on Oct. 25, the Bitcoin price model creator turned his attention to one based on Fibonacci retracement levels.Analyst: $45,000 next month "possibl ...

Bitcoin price chases after $35K as BTC derivatives data signals fresh inflow

Bitcoin’s (BTC) price action is the talk of the town this week and based on the current sentiment expressed by market participants on social media, one could almost assume that the long-awaited bull market has started. As Bitcoin's price rallied by 16.1% between Oct. 22 and Oct. ...

Price analysis 10/25: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, MATIC

Bitcoin (BTC) easily soared above the $31,000 to $32,400 resistance zone on Oct. 23, which came as a suprise to many market participants. Usually, the price tends to consolidate or hesitate near stiff overhead resistance levels but that was not the case this time around.Market participants ...

‘This is the trigger’ — Arthur Hayes says it’s time to bet on Bitcoin

Bitcoin (BTC) faces a “trigger” moment which keeps a $1 million BTC price tag in play, one of its household names says.In a blog post titled “The Periphery” released on Oct. 24, Arthur Hayes, former CEO of crypto exchange BitMEX, said that Bitcoin is already warning ...

Bitcoin bulls fight to hold $34K as CME BTC open interest surpasses 100K

Bitcoin (BTC) is currently battling to hold the $34,000 level after a stellar rally and short squeeze saw its price push above $35,000 on Oct. 23.In an Oct. 24 market update, Capriole Investments founder Charles Edwards noted that after seven months of consolidation, Bitcoin’s upward ...

Price analysis 10/20: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, DOT, MATIC

Bitcoin (BTC) rose above $30,000 on Oct. 20, indicating that the path of least resistance is to the upside. Grayscale Investments filing a new application with the United States Securities and Exchanges Commission for a new spot Bitcoin ETF may have acted as a bullish trigger.In another po ...

BTC price hits 2-month high amid bet Bitcoin will break $32K ‘soon’

Bitcoin (BTC) tapped $30,000 into the Oct. 20 Wall Street open as analysts directed attention to the weekly close.BTC/USD 1-hour chart. Source: TradingViewBTC price sets up weekly close showdownData from Cointelegraph Markets Pro and TradingView captured new two-month BTC price high ...

Bitcoin eyes $30K, XRP price jumps 6% after Ripple’s legal victory

Bitcoin (BTC) passed $29,500 on Oct. 20 after an eventful 24 hours boosted BTC price trajectory while XRP price jumped above $0.50 in response to Ripple's big legal win. BTC/USD 1-hour chart. Source: TradingViewHawkish Fed's Powell fails to dent BTC priceData from Coi ...

Binance Q3 report appraises crypto market as ‘challenging’ amid high interest rates

It’s been a challenging quarter for crypto, Binance has confirmed in its Q3 market pulse report. The market was down in many sectors, the report found, although the entry of institutional players such as Deutsche Bank, Sony and PayPal helped offset some of the pain. The global c ...

Why the 2024 Bitcoin halving may play out differently than in the past

The impact of the Bitcoin halving on crypto prices is often overestimated and the next halving, set for April 2024, may play out differently than previous ones, according to a leading analyst.The halving event, which every four years, cuts in half the rate by which new Bitcoins are created ...

BTC price climbs to $28.6K as Bitcoin awaits ‘very dovish’ Fed Powell speech

Bitcoin (BTC) kept pressure on $28,500 after the Oct. 19 Wall Street open ahead of a key speech on United States economic policy.BTC/USD 1-hour chart. Source: TradingViewLepard: Powell may flip "very dovish"Data from Cointelegraph Markets Pro and TradingView showed BTC price action ...

Hodling hard: Bitcoin’s long-term investors own over 76% of all BTC for the first time

Bitcoin (BTC) is becoming scarcer than ever — if you are a BTC price speculator or new to the market.The latest data from on-chain analytics firm Glassnode shows a record portion of the available BTC supply is locked up in long-term storage.Bitcoin long-term holder presence beats all-t ...

Just how bullish is the Bitcoin halving for BTC price? Experts debate

A recent panel at the Swan Pacific Bitcoin festival was cleverly titled, “Are halving price cycles bullshit?” Throughout the discussion, host and founder of the Bitcoin Layer Nik Bhatia asked Marathon Digital CEO Fred Thiel, Swan CIO Ralph Zagury and Swan product manager Andy Edstrom ...

Bitcoin metrics ‘improve bullish odds’ as BTC price holds 200-week trendline

Bitcoin (BTC) continues to hold key support which new analysis says “improves bullish probabilities.”In an X (formerly Twitter) thread on Oct. 17, Caleb Franzen, senior analyst at Cubic Analytics, drew attention to two moving averages now forming the BTC price battleground.Analysis: En ...

BTC price models hint at $130K target after 2024 Bitcoin halving

Bitcoin (BTC) is destined to hit $128,000 or more by the end of 2025, multiple analytics models suggest.Uploading his latest BTC price estimates to X on Oct. 17, popular trader and analyst CryptoCon deduced a two-year target of around $130,000.Multiple BTC price forecasts converge o ...

BTC price holds 6% gains as Bitcoin battles for ‘crucial’ $28K support

Bitcoin (BTC) passing $28,000 hints at bullish sentiment, but reclaiming it for good is essential, analysis says.In an X post on Oct. 17, Yann Allemann and Jan Happel, co-founders of on-chain analytics firm Glassnode, described the $28,000 mark as a “critical milestone” for BTC price.G ...

SBF and Caroline Ellison conspired to keep Bitcoin under $20K, but did it work?

On Oct. 11, Caroline Ellison, the former head of the now-defunct Alameda Research, informed a U.S. court that she received instructions from FTX's co-founder and CEO, Sam "SBF" Bankman-Fried, to sell Bitcoin (BTC) if its price remained above $20,000. This admission came as a shock to ...

Price analysis 10/16: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON

After two successive weeks of gains, the S&P 500 Index (SPX) started the week on a positive note. This suggests a risk-on sentiment which is a bullish sign. The volatility is likely to pick up as 11% of the S&P 500 companies are expected to report results this week.The risk-on sent ...

Mining BTC is harder than ever — 5 things to know in Bitcoin this week

Bitcoin (BTC) starts a new week firmly back in the “Uptober” spirit as the weekly close gives way to a classic short squeeze.In a return to classic BTC price volatility of the kind seen earlier in the month, the largest cryptocurrency is tackling $28,000 ahead of the first Wall ...

Bitcoin signals potential range expansion— Will SOL, LDO, ICP and VET follow?

The S&P 500 Index nudged higher by 0.45% to record its second positive week. While the United States equities markets were a slow mover, gold witnessed a massive run-up of more than 5% this week. Its rally of 3.11% on Oct. 13 was its best one-day performance since Dec. 1 of last year. However ...

Bitcoin’s Price Hovers Around $27,000 Amidst Short Squeeze

On September 29, Bitcoin (BTC) experienced price fluctuations, bouncing around the $27,000 level as it attempted to challenge the month's highest levels. Despite a short squeeze pushing it above $27,000, Bitcoin bulls failed to establish a new monthly peak. Bitcoin reached a high of $27,300 on Bi ...

The Impact of Bitcoin’s Upcoming Halving on Miner Profitability

Bitcoin miners are facing heightened competition due to record-high hash rates, making miner profitability increasingly challenging. While ordinal inscriptions help miners earn extra revenue by filling empty block space, profitability remains modest compared to historical levels. The upcoming Bit ...

Bitcoin (BTC) Breaks Out, Approaches Weekly Highs Near Wall Street Opening”

Bitcoin (BTC) experienced a breakout, surging higher as it approached the Wall Street opening on September 27. The price of BTC reached $26,823 on Bitstamp, marking a 2% increase and bringing it to near-weekly highs. Here are some key points from this development: Analysts had already been eyeing ...

SEC’s Delay in Approving Bitcoin ETFs Puts Pressure on BTC Price

The delay by the U.S. Securities and Exchange Commission (SEC) in approving the first Bitcoin exchange-traded fund (ETF) is putting pressure on the Bitcoin price. This uncertainty has led to increased bearish pressure in the market, with Bitcoin failing to hold above $27,200. Several major player ...

Bitcoin Retests $26,000 Support as Market Awaits Key Events

Bitcoin (BTC) has begun the last week of September by retesting the $26,000 support level as the cryptocurrency continues to trade in a narrow range. Despite a relatively uneventful week in terms of macroeconomic events, Bitcoin faces potential market-moving events in the days ahead. The weekly c ...

Bitcoin’s Open Interest Surges by $1 Billion Amid Speculation of Whale Accumulation

Bitcoin's open interest on derivatives exchanges saw a sudden surge of $1 billion on September 18, leading some to speculate that whales were accumulating in anticipation of the unsealing of Binance's court filings. However, a closer look at derivatives metrics suggests a more nuanced picture. Th ...

“Bollinger Bands Indicator Signals Potential Upside Volatility for Bitcoin (BTC)

The Bollinger Bands indicator, created by John Bollinger, suggests that Bitcoin (BTC) could experience fresh upside volatility, potentially leading to a breakout. This conclusion comes after Bitcoin recently hit new highs for September and challenged resistance levels not seen since mid-August. T ...

Bitcoin Recovers from Black Swan Event, On-Chain Data Reveals

Bitcoin (BTC) has shown remarkable resilience in the face of what on-chain data is calling a "black swan" event. This event has drawn comparisons to the significant crash that occurred in March 2020 during the early days of the COVID-19 pandemic. On-chain analytics platform CryptoQuant recently h ...

Why is Stellar (XLM) price up this week?

The Stellar token experienced a notable 11.5% increase in value between Sept. 2 and Sept. 8, a novelty given that Bitcoin and most altcoins are down for the week. The surge came after Stellar (XLM) tested the $0.113 support level, which marked its lowest point in the past eight weeks. T ...

Price analysis 9/8: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON, DOT, MATIC

The bulls tried to shake Bitcoin (BTC) from its slumber on Sept. 7 but the rally was short-lived. This suggests a lack of clarity between the bulls and the bears about Bitcoin’s next directional move. Analyst CryptoCon said on X (formerly Twitter) that Bitcoin could remain in a “mid cycle lull” u ...

The Fed could lose $100B — Does this spell catastrophe for Bitcoin?

On this week's episode of “Macro Markets,” Cointelegraph analyst Marcel Pechman delves into a thought-provoking discussion on the United States Federal Reserve’s financial woes. Pechman opens by highlighting how the Fed is grappling with staggering losses and emphasizes a fundamental macroec ...

Bitcoin energy value metric puts BTC’s ‘fair value’ at $47K — Analyst

Bitcoin (BTC) price is trading in a frustratingly tight range between $25,500 and $26,500, leaving traders unsure of the next direction that asset could take.However, Charles Edwards, founder of Capriole Investments, believes that Bitcoin’s current price presents a low-risk long-term ...

Human vs. AI: Who is better at crypto investing?

Cointelegraph video journalist and YouTube host Giovanni Pigni challenged ChatGPT to a crypto investment game. Both contenders had $100 to build a strong crypto portfolio and make as much money as possible in two weeks. The goal of the experiment was to find out whether artificial int ...

Bitcoin liquidates $23M in shorts as BTC price tags new September high

Bitcoin (BTC) extended volatility into the Sep. 8 Wall Street open as a classic “short squeeze” sparked new September highs.BTC/USD 1-hour chart. Source: TradingViewBitcoin offers a round trip to $24,400Data from Cointelegraph Markets Pro and TradingView showed BTC price ...

Bitcoin all-time high in 2025? BTC price idea reveals ‘bull run launch’

Bitcoin (BTC) is about to test hodlers with a “mid cycle lull” before starting a bull run in late 2024, a new BTC price model states.According to its creator, popular analyst CryptoCon, the “November 28th Cycles Theory” demands the BTC price all-time high in 2025.Countdown to BTC price ...

Hedge Fund Insights: ARK Invest’s 2023 Economic Analysis and Cryptocurrency Outlook

2023 has been a whipsaw year for investor sentiment and even though equities markets have defied expectations, a recent report from ARK Invest highlights reasons why the remainder of 2023 could present several economic challenges. ARK manages $13.9 billion in assets, and its CEO, Cathie Wood, is ...

Bitcoin price faces 200-week trendline as US dollar hits 6-month high

Bitcoin (BTC) hugged a key long-term trendline on Sep. 7 as U.S. dollar strength hit its highest in six months.BTC/USD 1-hour chart. Source: TradingViewBitcoin vs. 200-week moving average forms "million dollar question"Data from Cointelegraph Markets Pro and TradingView showed BTC p ...

Bitcoin price can hit $46K by 2024 halving — Interview with Filbfilb

Bitcoin (BTC) has a chance to end 2023 at $35,000 despite heading lower in between, veteran analyst Filbfilb believes.In his latest interview with Cointelegraph, the co-founder of trading suite Decentrader reveals some BTC price targets that should resonate with the long-term holder base. ...

Bitcoin short-term holders capitulate as data highlights potential generational buying opportunity

Bitcoin (BTC) price action suggests that the asset remains in a precarious position and a recent report from ARK Invest said that short-term Bitcoin investors had no choice but to capitulate in August as the percentage of Bitcoin supply in profit fell by 14 percentage points. Bitcoin mar ...

Price analysis 9/6: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON, DOT, MATIC

Bitcoin (BTC) has been trading between $25,333 and $26,156 since Sep. 1. Typically, a volatility squeeze is followed by an expansion in volatility but it is difficult to predict the direction of the breakout with certainty. CoinGlass data shows that Bitcoin has fallen for six consecut ...

Bitcoin bids move to lowest since March as BTC price dips under $25.7K

Bitcoin (BTC) bullish momentum is “fading” as liquidity shifts preempt a volatile move, new analysis warns.In an X post on Sep. 6, Keith Alan, co-founder of monitoring resource Material Indicators, flagged fresh shifts on the Binance order book.Analyst: Bitcoin bulls and ...

Ethereum price risks losing the $1.6K support as multiple ETH price metrics decline

Ether (ETH) price surged by 31.3% from March 10 to March 18, coinciding with the U.S. Federal Reserve's injection of $300 billion to address the insolvency of Silicon Valley Bank.. Since then, Ether’s price consistently maintained a daily closing price above $1,600. However, investors ...

Bitcoin range trades as volatility subsides, will TON, LINK, MKR and XTZ follow?

Bitcoin (BTC) tried to break out of its range last week, but the bulls could not sustain the higher levels. Bitcoin is back inside the range and is trading near the $26,000 level. The price action of the past few days has formed two successive Doji candlestick patterns on the weekly chart, indica ...

Bitcoin price metric copies move that last came before -25% FTX crash

Bitcoin (BTC) could have dropped much more last week after one on-chain metric repeated its move from the FTX crash.As noted on Sep. 5 by James Straten, research and data analyst at crypto insights firm CryptoSlate, the SLRV Ratio has “flipped” for the first time since November 2022.Bi ...

Price analysis 9/4: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON

The United States' equities markets are on a recovery path. The S&P 500 Index (SPX) surged 2.50% last week to record its best week since June. Even though Bitcoin (BTC) also attempted a relief rally, the bulls could not sustain the higher levels. In the end, Bitcoin finished the week with a m ...

Bitcoin futures data hints at $22K as the next logical step

A Bitcoin (BTC) price correction down to $22,000 is becoming increasingly likely as BTC derivatives have begun to exhibit bearish tendencies.The price chart of Bitcoin leaves little doubt that investor sentiment worsened after the much-hyped victory by Grayscale Asset Manager aga ...

Bitcoin flatlines again but TON, LINK, MKR, XTZ are poised for up-move

Bitcoin (BTC) tried to break out of its range in the first half of last week but the bulls could not sustain the higher levels. Bitcoin is back inside the range and is trading near the $26,000 level. The price action of the past few days has formed two successive Doji candlestick patterns ...

Weekly close risks BTC price ‘double top’ — 5 things to know in Bitcoin this week

Bitcoin (BTC) launches its first full week of September with BTC price action at a crossroads — can $26,000 return?After a quiet weekend, the dust has appeared to settle on last week’s volatility as crypto markets return to “business as usual.”Bitcoin finds i ...

Bitcoin chart highlights $24.7K as analyst says ‘nothing has changed’

Bitcoin (BTC) stayed below $26,000 into the Sep. 3 weekly close as analysis brushed off overly bearish trader sentiment.BTC/USD 1-day chart. Source: TradingViewBTC price weekly close puts $25,900 in focusData from Cointelegraph Markets Pro and TradingView showed BTC price avoiding volatili ...

Price analysis 9/1: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON, DOT, MATIC

Bitcoin’s (BTC) volatility has increased over the past few days. The price soared on Aug. 29 after Grayscale scored a victory over the United States Securities and Exchange Commission (SEC). However, the euphoria was short-lived as the price gave back all the recent gains on the news that the SEC ...

Bitcoin continues to outperform Warren Buffett’s portfolio, and the gap is set to widen

Warren Buffett, the renowned investor and chairman of Berkshire Hathaway, celebrated his 93rd birthday on Aug. 30. Throughout his lengthy career, he has adhered steadfastly to a value investing strategy that bears some resemblance to the "buy and hold" approach often associated with cryptocurrenc ...

Bitcoin lines up RSI showdown as BTC price slips toward new 2-week low

Bitcoin (BTC) fell further after the Sep. 1 Wall Street open as monthly close losses continued to play out.BTC/USD 1-day chart. Source: TradingViewBTC price "Grayscale hype" disappearsData from Cointelegraph Markets Pro and TradingView followed weakening BTC price performance, which hit it ...

Bitcoin risks ‘swift’ $23K dive after BTC price loses 11% in August

Bitcoin (BTC) is headed for a long-term support retest, data suggests after BTC price action fell into the August monthly close.BTC/USD 1-hour chart. Source: TradingViewBTC price: Roads point to $23,000Reversing gains seen last week, BTC/USD is back below $26,000 as of Sep. 1, data from Co ...

CME Bitcoin trading volume surpasses Bybit, but is it impacting BTC price?

The Chicago Mercantile Exchange (CME) introduced its Bitcoin (BTC) futures contract in December 2017. This was around the same time that BTC had reached an all-time high of $19,800, but by late 2018 the price had dropped to $3,100. Investors in cryptocurrencies quickly learned that CME derivative ...

Bitcoin price holds 200-day trend line as trader predicts low is in

Bitcoin (BTC) is retaining this week’s gains — and some traders are doubling down on their bullish BTC price bets.BTC/USD 1-hour chart with 200-day EMA. Source: TradingViewTrader: Bitcoin price may have bottomedA key moving average is buoying low-timeframe BTC price action, which continues ...

No, Bitcoin withdraws from exchanges is not inherently bullish for crypto

Crypto analysts on X (the social media platform formerly known as Twitter) and YouTube interviews have been abuzz with talk about the trend of Bitcoin leaving centralized exchanges.On Aug. 29, the quantity of Bitcoin (BTC) held within exchanges saw a decline, reaching its lowest point sinc ...

Price analysis 8/30: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON, DOT, MATIC

Bitcoin (BTC) led the cryptocurrency markets higher on Aug. 29 following Grayscale’s victory in the lawsuit against the United States Securities and Exchange Commission. However, the rally could not be sustained as analysts cautioned that the victory did not guarantee the approval of a spot Bitco ...

Bitcoin analysts doubt BTC price rally as $23K target gains popularity

Bitcoin (BTC) drifted toward $27,000 after the Aug. 30 Wall Street open as the dust settled on digital asset manager Grayscale’s legal victory.BTC/USD 1-hour chart. Source: TradingViewBTC buyer interest remains lowData from Cointelegraph Markets Pro and TradingView showed BTC price cooling ...

Why is Dogecoin price up today?

Dogecoin (DOGE) price is up roughly 5% in the last 24 hours, mirroring trends elsewhere in the cryptocurrency market.Grayscale news pumps DogecoinDespite DOGE price being down 2.4% on Aug. 30, it's still up 5% from yesterday's lows, while the total crypto market capitalization has g ...

Will Evergrande’s collapse have a silver lining for crypto?

On the latest episode of The Market Report, Cointelegraph analyst Marcel Pechman delves into Grayscale’s victory against the United States Securities and Exchange Commission. Even though there’s still no decision regarding the firm’s application for a spot Bitcoin (BTC) exchange-traded fund, ...

GBTC Bitcoin ‘discount’ may be gone by 2024 as share price gains 17%

Bitcoin (BTC) investment vehicle, the Grayscale Bitcoin Trust (GBTC) could erase its BTC price “discount” in 2024.In an X post on Aug. 30, monitoring resource CoinGlass predicted that the so-called “GBTC premium” would soon return.GBTC price: From "elevator t ...

Chinese gov’t fires up the printer — How will it impact Bitcoin price?

News headlines have recently covered how China's struggling economy poses significant risk to global growth. Economic activity and the flow of credit in the region are weakening and analysts are not convinced that the Chinese government’s interventions are a sufficient fix for what appear to be s ...

BTC price jumps to 2-week highs on Grayscale vs. SEC Bitcoin ETF win

Bitcoin (BTC) neared two-week highs on Aug. 29 as news hit that digital asset manager Grayscale had won a lawsuit against United States regulators.BTC/USD 1-day chart. Source: TradingViewSEC was "arbitrary and capricious" with Bitcoin ETF rejectionData from Cointelegraph Markets Pro and Tr ...

Bitcoin metric with ‘100% long hit rate’ predicts $23K BTC price floor

Bitcoin (BTC) may offer investors a rare chance to buy at a support zone with a “100% long hit rate,” new analysis says.In its latest update piece on Aug. 29, crypto asset manager Capriole Investments told investors to watch for a BTC price dip to $24,000.Capriole founder “very confide ...

PEPE price to zero? Pepecoin rug-pull allegations put memecoin at risk

Pepecoin (PEPE), once an extremely profitable memecoin, has plunged by more than 80% four months after its record high. Now, technicals suggest that the memcoin could be at risk of even bigger losses in the coming weeks or months.Pepecoin faces rug pull allegationsOn Aug. 24, severa ...

Analyzing Bitcoin’s Correlation with Various Asset Types

The financial media often points out Bitcoin’s (BTC) correlation to Big Tech. “Bitcoin is trading like a tech stock” is a common narrative alongside BTC’s often acute inverse relationship with the United States dollar. But are these correlations set in stone, and can they help predict future pric ...

Bitcoin Network Fundamentals Remain Strong Despite Price Drop

Bitcoin (BTC) network fundamentals are in no mood to follow bearish BTC price action this week. The latest on-chain data confirms that difficulty has hit new all-time highs, with hash rate not far behind. Bitcoin mining difficulty ends slump Despite BTC/USD droppin ...

‘Evidence is piling up’ for a new crypto bull run: Delphi Digital co-founder

Several on-chain metrics and charts are showing signals that could hint at the beginning of a new crypto bull market cycle, according to the co-founder of Delphi Digital.On Aug. 14, institutional crypto research firm Delphi Digital's Kevin Kelly said that crypto markets are cyclical and pr ...

Price analysis 8/14: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC

Bitcoin has been stuck inside a tight range in August. Glassnode lead on-chain analyst Checkmate highlighted that the spread between the upper and lower Bollinger Bands for Bitcoin has shrunk to 2.9%, its third-tightest ever. Typically, periods of low volatility are followed by a ...

Bitcoin teases new volatility as BTC price taps 4-day high near $29.6K

Bitcoin (BTC) hit multiday highs after the Aug. 14 Wall Street open as modest volatility trickled through to the market.BTC/USD 1-hour chart. Source: TradingViewBitcoin traders provide “some action” after flat weekendData from Cointelegraph Markets Pro and TradingView tr ...

Bitcoin’s sideways price action leads traders to focus on SHIB, UNI, MKR and XDC

Bitcoin (BTC) is on track to form two successive Doji candlestick patterns on the weekly charts but a positive sign is that the price is sustaining above the 20-week exponential moving average ($28,072). This suggests that the bulls have not lost their grip.Popular pseudonymous trader Tech ...

Bitcoin has bottomed despite ‘astonishing’ BTC price action — Analyst

Bitcoin (BTC) further ground down volatility into Aug. 12 as “astonishing” BTC price action stayed in place.BTC/USD 1-hour chart. Source: TradingViewBitcoin: "Classic weekend chop" expectedData from Cointelegraph Markets Pro and TradingView followed a flat Bitcoin tradin ...

Price analysis 8/11: BTC, ETH, BNB, XRP, DOGE, ADA, SOL, MATIC, LTC, DOT

Bitcoin continues to frustrate investors with its tight-range consolidation, giving no clue about the possible direction of a breakout. Typically, the longer the range, the stronger the eventual breakout from it. Therefore, traders should be on their toes to latch on to the breakout when it ...

Bitcoin futures open interest at 2023 high while BTC trading volume at yearly low — What gives?

Bitcoin (BTC) traders are currently not pleased with the recent price trends, especially due to the inability of its price to surpass the $30,500 mark over the last four weeks. This frustration is compounded by the fact that several requests for spot Bitcoin exchange-traded funds (ETFs) are eithe ...

Bitcoin Lightning Network is growing, but 3 major challenges remain

The Lightning Network is a layer-2 solution built on top of the Bitcoin blockchain, and its primary objective is to address the Bitcoin network’s scalability issues. It also allows for faster and cheaper transactions by facilitating off-chain payments through a network of payment channels.&n ...

Bitcoin risks 15% dip by October, but $100K is due in 2026 — Analysis

Bitcoin (BTC) can easily end up below $25,000 next month, says one longtime market observer.In a new BTC price outlook, Timothy Peterson, founder and investment manager at Cane Island Alternative Advisors, put the odds of a dip to local lows at 50/50.BTC price may see “last big dip” in ...

CPI report may show uptick in US inflation — How will Bitcoin price react?

The S&P 500 index is currently trading only 6% below its all-time high, which was reached in January 202. Traditionally, such a situation would be seen as a bullish sign for risk-on assets, including commodities and cryptocurrencies, but this time, it appears that investors have been using th ...

Can Cardano whales stop ADA price from falling 20%?

The price of Cardano (ADA) risks falling by over 20% in August as it enters a breakdown stage of a classic technical pattern that could be offset by some promising fundamentals. ADA price risks falling to June lowsDubbed Bump-and-Run-Reversal (BARR), the pattern develops when excessiv ...

Buffett and Ackman take opposing sides on Treasury yields — What does it mean for Bitcoin?

Warren Buffett and Bill Ackman are two of the most successful investors in the world, but they have taken opposing views on the bond market in recent months.Only one can be right. Billionaire investor Bill Ackman says he is shorting US ...

Bitcoin faces ‘endless spot selling’ as BTC price dips below $28.7K

Bitcoin (BTC) fell below $28,700 after the Aug. 7 Wall Street open as “endless spot selling” drove BTC price action lower.BTC/USD 1-hour chart. Source: TradingViewBitcoin traders brace for losses as $29,000 support breaksData from Cointelegraph Markets Pro and TradingVie ...

SHIB, UNI, OKB and HBAR flash bullish signs as Bitcoin volatility hits record low

Bitcoin (BTC) continued its boring price action over the weekend, indicating that the bulls and the bears are not waging large bets as they are uncertain about the next directional move. Nevertheless, traders should continue to keep a close watch because a period of consolidation is usually follo ...

Bitcoin price can go ‘full bull’ next month if 200-week trendline stays

Bitcoin (BTC) is preparing a “full bull” BTC price phase in classic style, market cyclist Cole Garner believes.In social media analysis on Aug. 6, the popular on-chain analyst said that major upside awaits both Bitcoin and the broader crypto market.Bitcoin “bull market’s backbone” stre ...

The absurd AI mania is coming to an end

Venture capital interest in cryptocurrency has decreased significantly since the bull run of 2021. At $2.3 trillion in market capitalization, every VC wanted a piece of the industry.The picture is now very different. Another dominant force in the market has attracted the vast majority of v ...

Coinbase earnings show the company is now much more than just an exchange

Coinbase, a leading U.S. cryptocurrency exchange, shared its second-quarter results on Aug. 3. Despite showing a net loss, some positives emerged, like a 13% cut in operating expenses from the last quarter and a 3% boost in its cash reserves to $5.5 billion. Coinbase key financial metric ...

Bitcoin price taps $29.3K as data shows ‘most resilient’ US jobs market

Bitcoin (BTC) inched higher at the Aug. 4 Wall Street open as mixed United States unemployment data rocked U.S. dollar strength.BTC/USD 1-hour chart. Source: TradingViewU.S. unemployment gives mixed pictureData from Cointelegraph Markets Pro and TradingView followed BTC price action ...

BTC price risks new sub-$29K dip as Binance fears test Bitcoin bulls

Bitcoin (BTC) dipped below $29,000 on Aug. 3 as market concerns over largest global exchange Binance reignited BTC price downside.BTC/USD 1-hour chart. Source: TradingViewBTC price analysis “expects” support retestData from Cointelegraph Markets Pro and TradingView showe ...

Price analysis 8/2: BTC, ETH, BNB, XRP, DOGE, ADA, SOL, MATIC, LTC, DOT

Ratings agency Fitch downgraded the United States’ long-term credit rating from AAA to AA+ on Aug. 1 and this move dented the risk on sentiment. The U.S. equities markets witnessed profit-booking on Aug. 2 and the cryptocurrency market’s recovery stalled in its tracks.However, after the kn ...

Curve liquidation risk poses systemic threat to DeFi even as founder scurries to repay loans

On July 30, Curve Finance, a decentralized exchange on Ethereum, suffered a hack due to a vulnerability in certain pools built using the Vyper programming language.The price of Curve DAO (CRV) dropped 20.91% on the day of the hack, falling to a two-month low of $0.58. The next day, ...

Bitcoin investor sentiment slumps to a new low, even as macro and equities show improvement

Bitcoin (BTC) surpassed the $30,000 resistance on June 21, or 40 days ago, after a notable 19.5% gain in a week. Since then, it has been moving within a range filled with occasional moderate corrections and BTC price trades near $29,300. While these consolidation periods are common in traditional ...

Price analysis 7/31: SPX, DXY, BTC, ETH, XRP, BNB, ADA, DOGE, SOL, LTC

The S&P 500 Index (SPX) continued its march toward its all-time high with a 3% gain in July. Signs of receding inflationary pressures and expectations of an end to the Federal Reserve’s tightening cycle are the factors that boosted risk-on sentiment.However, this bullish mood did not b ...

Bitcoin volume hits lowest since early 2021 amid fear $25K may return

Bitcoin (BTC) stayed static at the July 31 Wall Street open as analysis warned that the net was closing in for bulls.BTC/USD 1-hour chart. Source: TradingView$28,300 the “last line of defense” for BTC priceData from Cointelegraph Markets Pro and TradingView followed BTC ...

DOGE, MKR, OP and XDC gather strength as Bitcoin price remains range-bound

Bitcoin (BTC) has been stuck in a narrow range for the past several days. A minor positive is that the range has formed near the recent local high. This suggests that the bulls are not rushing to the exit as they anticipate another leg higher.Bitcoin’s consolidation has pulled its market d ...

Bitcoin due key MACD bull flag repeat as BTC price freezes at $29.3K

Bitcoin (BTC) further reduced volatility ahead of the July 30 weekly close as traders eyed an exciting long-term bull signal.BTC/USD 1-hour chart. Source: TradingViewBTC price makes weekend "slower than ever"Data from Cointelegraph Markets Pro and TradingView followed sideways BTC p ...

Price analysis 7/29: BTC, ETH, XRP, BNB, ADA, SOL, DOGE, MATIC, LTC, DOT

The 25 basis point rate hike by the Federal Reserve on July 26 and the subsequent commentary by Fed Chair Jerome Powell failed to catapult Bitcoin (BTC) out of its range. This suggests that the event did not have any surprises and the outcome was already priced in by the markets.The crypto ...

Worldcoin stuck after 70% drop from peak — More downside for WLD price?

The price of Worldcoin (WLD) has stabilized after a volatile debut across mainstream cryptocurrency exchanges.On July 29, the WLD price rose nearly 6% to $2.35. Still, the token was down 70% from its market debut peak of $7.50. It now appears stuck inside the $2–2.50 trading ra ...

BTC price shrugs off strong PCE data as Bitcoin traders eye $28K range

Bitcoin (BTC) stayed rangebound at the July 28 Wall Street open despite further United States inflation data beating expectations.BTC/USD 1-hour chart. Source: TradingViewFed’s “preferred” inflation metric points to waning pressureData from Cointelegraph Markets Pr ...

Bitcoin traders put eyes on $31K even as $2B in BTC options expire on Friday

The upcoming $2 billion Bitcoin (BTC) monthly options expiry on July 28 could potentially establish $29,500 as a support level. Some argue that the recent United States Federal Reserve interest rate increase to 5.25% had a detrimental effect on risk-on assets like cryptocurrencies. However, Bitco ...

Bitcoin price erases FOMC gains as US dollar surges on Q2 GDP print

Bitcoin (BTC) ate away at the prior day’s gains on July 27 as United States macroeconomic data produced a muted reaction.BTC/USD 1-hour chart. Source: TradingViewAnalyst warns of BTC price dipData from Cointelegraph Markets Pro and TradingView showed BTC price strength waning ...

Bitcoin traders eye Fed’s Powell as FOMC hikes rates to 22-year highs

Bitcoin (BTC) shifted toward $30,000 on July 26 as the United States Federal Reserve delivered a fresh interest rate hike.BTC/USD 1-hour chart. Source: TradingViewBitcoin tames volatility ahead of Powell press conferenceData from Cointelegraph Markets Pro and TradingView showed BTC price p ...

Ethereum death cross threatens more downside as ETH price trades at a key support level

Ether price is down today, and several data points are beginning to suggest that further downside could be in store. On July 24, Ethereum (ETH) experienced a drop close to its monthly low, reaching $1,825, amid Bitcoin's negative price action, as uncertainty loomed over macroeconomic ...

Crypto investors cool on Bitcoin funds, turning to Ether and XRP

Bitcoin-related investment products appear to have lost some of their sheen among crypto investors, recording its first week of outflows since Blackrock filed for spot Bitcoin ETF in June.According to a July 24 report by CoinShares Head of Research James Butterfill, Bitcoin (BTC)  ...

Worldcoin launch raises eyebrows as WLD price notches a double-digit gain

Worldcoin (WLD), the native token of the “privacy-preserving digital identity (World ID)” project founded by OpenAI co-founder Sam Altman, soared after listing on major crypto exchanges on July 24. At the time of writing, WLD trades at $2.22, reflecting a 33% gain on the d ...

Price analysis 7/24: SPX, DXY, BTC, ETH, XRP, BNB, ADA, DOGE, SOL, MATIC

Bitcoin plunged to $29,000 on July 24, signaling that bears are trying to seize control. It looks like the failure to hold on to the higher levels may have tempted short-term bulls to book profits and aggressive bears to initiate short positions.Although the near term looks bearish, l ...

Why is XRP price down today?

XRP (XRP) price is down today, mirroring trends elsewhere in the cryptocurrency market as traders await the Federal Reserve rate decision in the week.XRP price drops amid rising dollar strengthOn July 24, XRP price dropped 8% to $0.68, underperforming the crypto market’s 3.5% decline on th ...

Bitcoin whale exchange inflow share hits 1-year high — over 40%

Bitcoin (BTC) whale buying and selling in 2023 is mostly from speculative investors, new data reveals.In the latest edition of its weekly newsletter, “The Week On-Chain,” analytics firm Glassnode shows that contrary to popular belief, opportunistic entities are the most active whales.T ...

Bitcoin’s dull price action ignites buying interest in LINK, FIL, SNX and THETA

Bitcoin (BTC) is struggling to rise above the overhead resistance at $31,000 but a minor positive is that the bulls have not allowed the price to dive below the $29,500 support. This suggests that a catalyst may be needed for the price to break out from its range.On the macroeconomic front ...

Ripple effect? Stellar (XLM) is catching up to XRP price gains

Stellar (XLM) is basking in the glow of Ripple's partial win against the U.S. Securities and Exchange Commission (SEC), up around 60% since the court ruling on July 13.XRP fuels XLM price rally againXLM price has risen over 60% since July 13, when a federal judge ruled that the XRP sales o ...

Bitcoin can still hit $19K, warns trader ahead of BTC price ‘big move’

Bitcoin (BTC) threatened fresh downside over the weekend as markets geared up for the July 23 candle close.BTC/USD 1-hour chart. Source: TradingView$19,000–$23,000 “still on the cards” for BitcoinData from Cointelegraph Markets Pro and TradingView showed BTC acting ...

Litecoin price at risk of a 30% drop if key LTC futures historical trend repeats

With less than two weeks until Litecoin’s halving, when the miner’s block subsidy will be cut in half, traders are questioning whether the additional scarcity effect will be enough to sustain the LTC price above $90. Litecoin’s (LTC) price has declined by 19% in the last 18 days, but ...

Price analysis 7/21: BTC, ETH, XRP, BNB, ADA, SOL, DOGE, MATIC, LTC, DOT

Bitcoin continues to test investors’ patience, as it remains stuck inside a tight range. Although the near term is boring, traders need to be on their toes because narrow ranges are generally followed by a sharp increase in volatility. The only problem is that it is difficult to predict the ...

XRP price searches for a fresh bullish catalyst to trigger a move above $1

XRP's price booked an incredible 100% gain on the same day as the landmark ruling in the XRP securities case, but buyers are now struggling to hold on to these gains. The price surge came after Judge Analisa Torres of the United States District Court for the Southern District of New Y ...

BlackRock ETF will be ‘big rubber yes stamp’ for Bitcoin: Interview with Charles Edwards

Bitcoin (BTC) stands to win big thanks to the BlackRock exchange-traded fund (ETF), investor and analyst Charles Edwards believes.In his latest interview with Cointelegraph, Edwards, who is founder of quantitative Bitcoin and digital asset fund Capriole Investments, goes deep into the ...

XRP price can fall 40% by September — Fractal analysis

The double-digit percentage gains for XRP (XRP) this month may have reached the exhaustion point, reflecting the trends elsewhere in the cryptocurrency market. This follows the euphoria surrounding Ripple's partial win versus the U.S. Securities and Exchange Commission, resulting in bullis ...

Bitcoin rejects at 21-day trendline — How low can BTC price go?

Bitcoin (BTC) failed to hold above $30,000 after the July 20 Wall Street open, with one analyst forecasting a return to range lows.BTC/USD 1-hour chart. Source: TradingViewBTC price sinks through $30,000Data from Cointelegraph Markets Pro and TradingView tracked weak BTC price actio ...

3 reasons why Bitcoin traders anticipate BTC price to briefly sweep the $27.5K level

After a spectacular first half of 2023, the price of Bitcoin (BTC) appears to have stalled out, being stuck between $29,000 and $31,500.There could be reason to believe that in the near term, the price of Bitcoin will tend to trade sideways or to the downside. This thesis can be based on t ...

Bitcoin’s bullish hype fades, but analyst says PlanB’s stock-to-flow model is still relevant

Bitcoin is struggling to reclaim its psychologically important level of $30,000 as analysts predict that choppy accumulation may last for months.Bitcoin (BTC) soared to a new yearly high of over $31,800 on July 13, driven by optimism surrounding the potential approval of exchange-trad ...

Altcoins ‘bled’ as Bitcoin gained dominance in Q2: CoinGecko

The second quarter of the year has been a solid one for Bitcoin’s performance as its market dominance gained against altcoins, which “bled” throughout the quarter, according to CoinGecko.On July 18, the crypto data aggregator released its industry report for Q2 2023 which noted Bitcoin (BT ...

Bitcoin price falls to $29.5K, but on-chain data reflects investors’ growing interest

Bitcoin (BTC) price dropped below the $30,000 level on July 18, which retail investors may not have expected given the developments of the last month, but does the downside move represent an upcoming shift in the trend? Data suggests that over the longer term, it does not. To g ...

Crypto survey finds 47% of investors expect Ether to ‘surpass’ Bitcoin

Fidelity Digital Assets released a “Q2 2023 Signals Report” on July 18, which claimed that Ether’s outlook for the next 12 months and the long term is positive. Year-to-date, Ether (ETH) has gained 62%, but while the investment firm might be short-term bullish on Ether ...

Bitcoin rally will lead to “speculative blow-off top” in 2024, Mark Yusko predicts

BlackRock’s application for a Bitcoin exchange-traded fund (ETF) has sparked the beginning of a new crypto bull market, which will go parabolic at some point closer to the halving scheduled for April 2024, according to Mark Yusko, the chief investment officer and founder of Morgan Creek Capital.& ...

Bitcoin bulls battle to reclaim $30K amid BTC price RSI ‘reset’

Bitcoin (BTC) targeted new month-to-date lows at the July 18 Wall Street open as bulls refused to give up on the $30,000 support.BTC/USD 1-hour chart. Source: TradingViewBTC price: Heavy resistance risks weekly downtrendData from Cointelegraph Markets Pro and TradingView showed BTC ...

Bitcoin price falls under $30K as macro and regulatory worries take center stage

Multiple pieces of data point to the Bitcoin price falling below $29,000 in the short term. Yes, you read that right. Let’s investigate the main issues contributing to the current downside in the Bitcoin price.Bitcoin (BTC) encountered difficulties breaking above $31,800 ...

Price analysis 7/17: SPX, DXY, BTC, ETH, XRP, BNB, SOL, ADA, DOGE, MATIC

Bitcoin remains stuck inside a narrow range, making it difficult to predict the direction of the next possible breakout. The U.S. Dollar Index (DXY), which generally moves in inverse correlation to Bitcoin (BTC), dropped below 100, but that has failed to propel Bitcoin higher. This suggests ...

Bitcoin and crypto brace for further upside as equities look to extend their recent gains

The long-awaited recession and resulting resumption of the 2022 bear market that many have been expecting have failed to materialize so far in 2023. In fact, most assets have caught a bid, with the Nasdaq hitting a 52-week high on July 12.How can this be, and will the rally continue? ...

Bitcoin ‘full breakout’ not here yet as BTC price spends month at $30K

Bitcoin (BTC) refused to give up $30,000 at the July 17 Wall Street open as observers placed bets on a step lower next.BTC/USD 1-hour chart. Source: TradingViewBitcoin traders line up downside targetsData from Cointelegraph Markets Pro and TradingView followed what one analyst calle ...

Bitcoin price support at $30K opens the door for gains from UNI, ARB, AAVE and MKR

Bitcoin (BTC) attempted to break away from its boring sideways price action on July 13, following Ripple’s legal victory over the United States Securities and Exchange Commission, but the enthusiasm proved to be short-lived. Sellers pulled the price back into the range on July 14, indicating that ...

Buying the dip? Record 3.8% of the Bitcoin supply last moved at $30.2K

Bitcoin (BTC) at $30,000 is the most popular “buy” level ever, the latest on-chain data suggests.According to figures from crypto analytics firm Glassnode, a record amount of BTC changed hands near the current spot price.Bitcoin: 'Big move coming' thanks to buyer interestBTC price a ...

Project roadmap or token price — Which is most important?

In the latest episode of Market Talks, show host and Cointelegraph head of markets Ray Salmond sat down with Polkadot ambassador and content creator KryptosChain to discuss the current state of the crypto market and drastic changes taking place in the Polkadot ecosystem. Accordin ...

Cardano price turns bullish, but is there substance to the ADA rally?

Cardano experienced a remarkable price surge of 23.9% on July 13, leaving investors curious about the potential for further gains. This significant rally comes on the heels of a favorable judicial decision regarding XRP (XRP), leading many to question if Cardano (ADA) has what it takes ...

Price analysis 7/14: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, LTC, MATIC, DOT

Ripple Labs’ victory in the case against the United States Securities and Exchange Commission gives a significant boost to the crypto industry. In addition to benefitting Ripple and XRP (XRP), analysts believe that the ruling will weaken the regulator’s case against Binance and Coinbase.In ...

Solana price hits a 2023 high, but do strong fundamentals back the SOL rally?

Solana’s (SOL) price briefly surged to a new year-to-date peak on June 14 after Ripple’s partial win against the United States Securities Exchange and Commission in the case contesting XRP’s (XRP) position as a security. The token recorded gains of 48.09%, reaching a peak of $32.40 as ...

Why is Cardano price up today?

The price of Cardano (ADA) has soared in the past 24 hours as traders assess the impact of Ripple's legal win on the broader cryptocurrency market."ADA isn't a security"On July 14, ADA price rose 6% to $0.379, its highest level in over a month, only to pare some of those gains ...

Bitcoin spending copies history as metric flags ‘1st stage bull market’

Bitcoin (BTC) long-term holders are coming back to life as BTC price increases, the latest analysis confirms.In a tweet on July 13, Philip Swift, creator of on-chain data resource LookIntoBitcoin, revealed classic bull market behavior among “older” BTC investors.Value Days Destroyed Mu ...

Why is Polygon (MATIC) price up today?

Polygon (MATIC) has experienced a significant price increase on July 13, driven by several key factors. These include a recent positive court ruling for XRP, increased activity of decentralized applications (Dapps) on the Polygon Network, and the highly anticipated launch of Polygon 2.0.MATIC ...

Demand is driving the price of Bitcoin to $130K

In any market, whether it is fruit and vegetables or financial assets, prices are determined by the intersection of supply and demand.If tomatoes are scarce due to a flood, with the same demand, the price in the supermarket will inevitably be higher — just as it will be higher if, with the ...

Why is XRP price up today?

XRP (XRP) price is up today following news that Federal District Judge Analisa Torres of the Southern District of New York ruled against the United States Securities and Exchange Commission’s contention that XRP is a security. Shortly after the ruling became public, XRP price ro ...

BTC price due for $31K as analyst says ‘disinflation’ boosting Bitcoin

Bitcoin (BTC) looked set to challenge range highs on July 13 as fresh macroeconomic data boosted risk asset bulls.BTC/USD 1-hour chart. Source: TradingViewPPI shows U.S. inflation retreating beyond expectationsData from Cointelegraph Markets Pro and TradingView followed the market a ...

Bitcoin mining difficulty hits all-time high as BTC miner selling peaks

Bitcoin mining difficulty reached an all-time high of 53.91 trillion units after the latest difficulty adjustment on July 12. It is a measure of how difficult it is to mine Bitcoin (BTC) blocks.The blockchain adjusts its difficulty every two weeks to maintain its processing time ...

Bitcoin ETF hopium fades as on-chain and futures data reflect traders’ muted activity

The price of Bitcoin has been trading between $29,900 and $31,160 for the past 18 days, causing concern among investors who are looking for explanations for the lack of a clear trend. After a 25.5% rally between June 15 and June 23 led to Bitcoin’s (BTC) highest price level ...

Bitcoin exchanges now hold the same BTC supply share as in late 2017

Bitcoin (BTC) held on exchanges is down to where it was at the 2017 BTC price all-time high, data confirms.Tracked by on-chain analytics firm Glassnode, the latest figures show less than 12% of the BTC supply now resides in exchange wallets.Analyst: BTC price “on the cusp of true price ...

Price analysis 7/10: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTC

Bitcoin has been struggling to rise and sustain above the $31,000 level for the past few days, but Standard Chartered has painted a bullish picture for this year and the next. In a report, the bank said that Bitcoin (BTC) could reach $50,000 this year and stretch the rally to $120,000 b ...

Bitcoin price gathers strength as SOL, AVAX, FIL and EOS prep for a breakout

Nonfarm payrolls rose by 209,000 in June, below economists’ expectations of an addition of 240,000 jobs. Although the figures show a cooling labor market, market observers remained concerned as the average hourly earnings growth held steady at 0.4% from May and 4.4% from a year ago.  ...

BlackRock ETF stirs US Bitcoin buying as research says ‘get off zero’

Bitcoin (BTC) will suck in “all prosperity gains” in future and leave behind those who have no exposure as a result, a new prediction says.In a Twitter thread on July 8, investor Luke Broyles delivered a bold vision of how Bitcoin would become “society’s base money.”Investor tells woul ...

3 reasons why Bitcoin’s price is primed to hold the $30,000 level as support

Bitcoin’s price gave back some of its recent gains this week, but multiple data points suggest that $30,000 should hold as support going forward.Bitcoin (BTC) remained within a narrow 4.3% range for the 15 days leading up to July 7. Despite the proximity of the $29,895 to $31,165 rang ...

Price analysis 7/7: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTC, MATIC, DOT

Bitcoin is still struggling to stay above $31,000. While a tight consolidation near the overhead resistance is a positive sign, the failure to rise above it may result in short-term liquidations. However, a shallow pullback should not be considered a trend change because, many times, ...

BTC price abruptly dips below $30K as Bitcoin daily candle turns sour

Bitcoin (BTC) continued snap volatility after the July 6 Wall Street open as yearly highs gave way to a comedown.BTC/USD 1-hour chart. Source: TradingViewBitcoin suddenly falls to new July lowsData from Cointelegraph Markets Pro and TradingView followed BTC price action as it seesaw ...

Why is Litecoin price down today?

Litecoin (LTC) price is down today, mirroring downside moves elsewhere in the crypto market.On July 5, the LTC price dropped over 3% to $100.50. On the same day, the crypto market's overall capitalization fell 2%, suggesting traders have started securing profits at the local tops of multip ...

Can Bitcoin repeat a 2017-like rally as dollar correlation reverses?

There is a common belief that when the U.S. dollar declines relative to other main global currencies, as measured by the U.S. Dollar Index (DXY), the impact on Bitcoin is positive, and vice versa.For instance, the DXY dropped from 103.0 in January 2017 to a 92.6 low in August 2017, wh ...

Bitcoin futures premium hits 18-month high — Time to flip bullish?

The Bitcoin futures premium reached its highest level in 18 months on July 4. But traders are now questioning whether the derivatives metrics indicate “excessive excitement” or a “return to the mean” after a prolonged bear market.BTC price gains capped by regulators, macroeconomicsBit ...

Bitcoin analyst flags $32.5K launchpad zone for BTC price

Bitcoin (BTC) bulls fought for $31,000 on July 4 as a United States market closure offered the chance for volatility.BTC/USD 1-hour chart. Source: TradingViewBitcoin price “getting ready to rip higher”Data from Cointelegraph Markets Pro and TradingView showed BTC price action attempting to ...

Price analysis 7/3: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTC

The United States equity markets have witnessed a solid year so far. The Nasdaq Composite has soared 31.7%, its best first-half performance since 1983. Similarly, the S&P 500 Index’s (SPX) 15.9% gain is its best first half since 2019. This suggests that risky assets remain in demand.In ...

Bitcoin traders torn between breakout and $28K dip as BTC price stalls

Bitcoin (BTC) lingered below $31,000 at the July 3 Wall Street open, with bulls still in need of a catalyst.BTC/USD 1-hour chart. Source: TradingViewBitcoin price: Sink or swim at $30,000Data from Cointelegraph Markets Pro and TradingView showed BTC/USD acting in a tight range follo ...

LTC, XMR, AAVE, and MKR turn bullish as Bitcoin stalls under $31K

Bitcoin (BTC) has been trading in a narrow range for the past few days but that doesn’t take away the sheen from its stunning 84% rally in 2023. The strong recovery in Bitcoin’s price has boosted buying in several altcoins, which have risen sharply from their yearly lows.As the second half ...

Price analysis 7/1: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTC, MATIC, DOT

Bitcoin (BTC) witnessed a volatile trading session on the last day of the quarter. The bulls were trying to maintain Bitcoin’s price above $31,000 but they received a jolt on a Wall Street Journal report which stated that the United States Securities and Exchange Commission (SEC) had returned app ...

Bitcoin price has never lost more than 10% in July — Is 2023 different?

Bitcoin (BTC) gained 12% in June, but one forecast sees the good times soon fading for bulls.In a tweet on July 1, popular trader CryptoBullet admitted that July might not offer much more BTC price upside.Trader: BTC price rally “likely” ending this monthDespite a ...

Here’s what happened in crypto today

Here’s what happened in crypto today. South Korea passes crypto bill to tackle unfair tradingThe South Korean government is taking steps to protect cryptocurrency investors from implosions like Do Kwon’s Terra ecosystem by passing a new crypto bill.Chairman K ...

Bitcoin ‘overreacting’ as SEC returns ETF filings, BTC price dives 6%

Bitcoin (BTC) fell below $30,000 after the June 30 Wall Street open as markets panicked over the fate of its first spot exchange-traded funds (ETFs).BTC/USD 1-hour chart. Source: TradingViewBureaucratic error may explain Bitcoin ETF filing hiccupData from Cointelegraph Markets Pro a ...

Bitcoin traders say BTC price will soon break beyond $31K yearly highs

Bitcoin (BTC) aborted a fresh attempt to reach $31,000 on June 29, while traders waited for bulls to succeed.BTC/USD 1-hour chart. Source: TradingViewBTC price “primed to launch”Data from Cointelegraph Markets Pro and TradingView showed BTC price action refusing to leave ...

Bitcoin options: How will Friday’s $4.7B expiry impact BTC price?

The $4.7 billion Bitcoin (BTC) monthly options expiry on June 30 might play a decisive role in determining whether the $30,000 price will consolidate as long-term support and open room for further bullish momentum.Why is Bitcoin breaking yearly highs?Many analysts consider Bitcoin’s r ...

Price analysis 6/28: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTC, MATIC, DOT

A large part of the recent leg of Bitcoin’s rally started after BlackRock filed to list a spot Bitcoin exchange-traded fund (ETF) on June 15. Several applications by other firms have been rejected by the United States Securities and Exchange Commission in the past. However, BlackRock’s filing has ...

Bitcoin price clings to $30K as Fed’s Powell stresses more rate hikes

Bitcoin (BTC) staged another retest of $30,000 support on June 28 as the United States Federal Reserve stayed hawkish on inflation.BTC/USD 1-hour chart. Source: TradingViewPowell on rate hikes: “More restriction coming”Data from Cointelegraph Markets Pro and TradingView ...

Bitcoin bulls grill $31K as Fidelity ETF move fuels BTC price strength

Bitcoin (BTC) challenged $31,000 again after the June 27 Wall Street open as traders hoped for upside continuation.BTC/USD 1-hour chart. Source: TradingView$31,000 returns amid Fidelity Bitcoin ETF rumorData from Cointelegraph Markets Pro and TradingView showed BTC price action edging high ...

Bull markets make money, bear markets make opportunities

As greed indexes stabilize after a buying binge, smart money begins to look for more unique and inherently fruitful opportunities.Solana, Cardano, CryptoKitties and other highly influential blockchain projects were initially developed during a bear market. Bitcoin (BTC) itself was d ...

Bitcoin surfs $30K as traders hope US trading will boost BTC price

Bitcoin (BTC) circled $30,500 at the June 26 Wall Street open as bulls held newfound support.BTC/USD 1-hour chart. Source: TradingViewBitcoin ETF hype puts demands on U.S. sessionData from Cointelegraph Markets Pro and TradingView showed BTC price action retaining $30,000 around the ...

Bitcoin trades above $30K, boosting traders’ interest in ETH, ARB, VET and STX

Bitcoin (BTC) made a new 52-week high on June 23, indicating that bulls are on fire. Buyers have managed to hold onto a large part of the gains made during the week, signaling that they are in no hurry to book profits. Bitcoin climbed 16% this week, outperforming the S&P 500 Index, which fell ...

US Treasury yields are rising — What does it mean for Bitcoin price?

United States Government bonds, or Treasurys, have a tremendous influence across all tradeable markets, including Bitcoin (BTC) and Ether (ETH). In that sense, risk calculation in finance is relative, so every loan, mortgage and even cryptocurrency derivatives depend on the cost of capital attrib ...

Bitcoin sees new all-time highs in 3 countries as BTC price pokes $31K

Bitcoin (BTC) tapped $31,000 for a third time this year on June 25 as the weekly close promised volatility.BTC/USD 1-hour chart. Source: TradingViewBTC price challenges $31,000Data from Cointelegraph Markets Pro and TradingView showed BTC price movements focusing on yearly highs. ...

Ether price eyes $3K as exchanges’ ETH balances drop to an all-time low

Ethereum’s on-chain movements indicate bullish pressure building around Ether as its exchange balances reached an all-time low and staking deposits keep surging. Ether’s (ETH) technical charts suggest that the asset can reclaim $3,000 if buyers are able to push above the resistance be ...

Celsius creditors allege Wintermute facilitated ‘wash trading’: Report

Creditors of bankrupt cryptocurrency lending platform Celsius have alleged that crypto market maker, Wintermute, assisted Celsius executives in manipulating the price of CEL (CEL) through improper market trading.According to a June 23 Bloomberg report, which cited a recent court filing, Ce ...

Bitcoin price data suggests bulls will succeed in holding $30K as support this time

Bitcoin (BTC) has been trading above $31,000 after its 24.3% rally between June 15 and June 23, which caught many off guard. For bears, that meant facing $165 million in short futures contract liquidations, but the unexpected rally also brought some degree of discomfort for investors using Bitcoi ...

Price analysis 6/23: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC, LTC, DOT

The rush to apply for a spot Bitcoin (BTC) exchange-traded fund (ETF) rejuvenated the bulls, but this news is likely to boost the price only to a certain distance. As the price moves up, the risks of a crash increase if none of the ETF applications are approved. Trading firm QCP Capital, for exam ...

Bitcoin volatility takes a break as $31K BTC price yearly highs loom

Bitcoin (BTC) denied the market fresh volatility at the June 23 Wall Street open as traders attempted to guess its next targets.BTC/USD 1-hour chart. Source: TradingViewBitcoin lacks “strong confirmation” of new upsideData from Cointelegraph Markets Pro and TradingView s ...

Bitcoin and correlations — Examining the relationship between BTC, gold and the Nasdaq

Some news sources have been fond of making comparisons between Bitcoin’s (BTC) price action and that of other assets. In particular, the two most commonly compared asset classes are gold and tech stocks.While a correlation holds, it tends to be a big news story. Throughout much of 2022 and ...

BlackRock Bitcoin spot ETF nod ‘unlikely in near term’ — QCP Capital

Bitcoin (BTC) will unlikely see its first spot price exchange-traded fund (ETF) in the United States soon.That is the opinion of trading firm QCP Capital, which in its latest market update on June 22 warned over spot ETFs’ prospects.SEC's Gensler presents Bitcoin ETF roadblockBTC pr ...

3 reasons why Ethereum’s market cap dominance is on the rise

Ethereum has been the dominant smart contract and decentralized application (Dapp) network since its inception. An analysis based on Ether’s price (ETH), and its market capitalization, shows indisputable evidence that the blockchain has been gaining market share over time. Ether market c ...

Bitcoin price taps $30K for first time since April

Bitcoin (BTC) returned to $30,000 after the June 21 Wall Street open in a triumphant continuation of the week’s gains.BTC/USD 1-day chart. Source: TradingViewBitcoin price destroys traces of multi-week downturnData from Cointelegraph Markets Pro and TradingView confirmed a new ...

Why is Bitcoin price up today?

Bitcoin (BTC) price is up on June 20, reaching a 14-day high at $28,103. The fresh upside from BTC comes as recent negative news of the SEC cracking down on Binance and Coinbase and bullish traders are likely hopeful that BTC can break its 10-week losing streak. Daily cryptocurrency mark ...

Deutsche Bank crypto plans aid Bitcoin price trip to $27.5K June highs

Bitcoin (BTC) achieved new highs for the month after the June 20 Wall Street open as observers stayed cautious on market strength.BTC/USD 1-day chart. Source: TradingView“No meaningful trend shift” for Bitcoin yetData from Cointelegraph Markets Pro and TradingView showed ...

Why Cathie Wood is bullish on Coinbase stock and believes Bitcoin will reach $1 million

In an interview with Bloomberg, ARK Invest CEO and chief investment officer Cathie Wood recently discussed why her flagship fund, Ark Innovation (ARKK), is adding to its position in shares of Coinbase (COIN) after the Securities and Exchange Commission (SEC) sued Binance, one of Coinbase&rsq ...

Price analysis 6/19: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTC

The S&P 500 Index (SPX) has gained for five consecutive weeks, the first such instance since November 2021. In comparison, Bitcoin (BTC) is trading well below its local high of $31,000, made on April 14. This shows a clear divergence between the performance of the two asset classes.Som ...

Crypto investment products experience outflows for 9th consecutive week

On June 19, European cryptocurrency investment firm CoinShares published its “Digital Asset Fund Flows Report,” revealing that cryptocurrency investment products experienced outflows totaling $5.1 million last week. The outflows contributed to the continuation of a nine-week streak of outflows, r ...

Fed rate pause triggers traders’ pivot to stocks — Will Bitcoin catch up?

After a momentary retest of the $25,000 support on June 15, Bitcoin (BTC) gained 6.5% as bulls successfully defended the $26,300 level. Despite this, the general sentiment remains slightly bearish as the cryptocurrency has declined by 12.7% in two months.The dismissal of Binance.US's tempo ...

Why is Cardano price down today?

The price of Cardano (ADA) is down over 3% on June 19 after dropping over 30% in the past two weeks. Is ADA’s price heading for its fourth red weekly candle in a row? No respite for Cardano price bullsOn June 19, ADA’s price fell over 3% to daily lows of $0.257 as traders continued to ...

Bitcoin bulls look to re-establish control — Will BNB, LTC, OKB and QNT follow?

The bears lost an opportunity when they failed to sustain Bitcoin (BTC) below the $25,000 level this week. That may have attracted buying from the bulls who are attempting to start a recovery in Bitcoin and select altcoins. Additionally, BlackRock’s application to launch a Bitcoin spo ...

Is the cryptocurrency market about to break its 10-week losing streak?

The cryptocurrency total market capitalization fell to $1.02 trillion on June 15, its lowest level in three months. But while the derivatives market's resilience and end-of-week price gains amid uncertainty in stablecoins' reserves provides hope for bulls, it might be too soon to celebrate.Cr ...

Grayscale Bitcoin Trust nears 2023 highs on BlackRock ETF filing as buyers step up

Bitcoin (BTC) plans by BlackRock appear to have sparked a rally in the “OG” institutional BTC investment vehicle.Data from monitoring resource CoinGlass shows that on June 17, the Grayscale Bitcoin Trust (GBTC) almost hit new 2023 highs.GBTC “premium” heads b ...

Why is the crypto market up today?

The crypto market is up today, continuing gains from the Friday due to a mix of technical and fundamental factors.Oversold bounce across top crypto market assetsOn June 17, the crypto market's capitalization grew by over 2% to $1.05 trillion, up nearly 7.5% from the  $975.25 billion l ...

Ethereum network upgrade and uptick in Arbitrum active users could trigger an ARB price reversal

While the Arbitrum governance token ARB has been in a consistent downturn since the airdrop in late March, its ecosystem shows healthy growth. A recent Nansen report shows that Arbitrum’s activity improved after the airdrop, stabilizing “at a level higher” than befor ...

3 key Ether price metrics point to growing resistance at the $1,750 level

Ether’s price plunged 7% between June 14 and June 15, reaching its lowest level in three months and impacting investors’ view that the altcoin was en-route to turning $2,000 to support. It is worth noting that the $1,620 bottom represents a $196 billion market capitalization for ...

Price analysis 6/16: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC, LTC, DOT

Bitcoin (BTC) is witnessing a tough battle between buyers and sellers near the $25,000 mark. A minor cause of worry for the bulls is that even the news of BlackRock having filed an application for a Bitcoin spot exchange-traded fund could not boost prices higher. This suggests that investors rema ...

Bitcoin price eyes $26K ‘acceleration’ zone as Binance fears fade

Bitcoin (BTC) headed toward a “crucial area” after the June 16 Wall Street open as a recovery from three-month lows continued.BTC/USD 1-hour chartBitcoin reinforces rebound from multi-month lowsData from Cointelegraph Markets Pro and TradingView showed BTC/USD nearing $2 ...

Curve’s (CRV) price hits a 1-year low amid looming liquidation threat

Curve DAO’s governance token CRV dropped 12% on June15 after reports surfaced of risky loans taken by its founder, Michael Egorov, on Aave. The token recorded its lowest trading level against ether (ETH) at 0.00035010 ETH on June 15.According to on-chain analytics outlet LookOnChain, Egoro ...

Buying Bitcoin is preferable to BTC mining in most circumstances — Analysis

While, intuitively, mining Bitcoin may appear like a highly profitable endeavor, research suggests otherwise. After discovering Bitcoin (BTC), most users go down the rabbit hole and consider whether it is better to mine or buy Bitcoin directly. They usually give up on mining due to th ...

Ripple verdict could spark a new bull market — Or more malaise

The final quarter of 2020 saw the launch of a precedent-setting lawsuit by the United States Securities and Exchange Commission against Ripple Labs, CEO Bradley Garlinghouse and co-founder Christian A. Larsen. The allegation: raising north of $1 billion in 2013 through the unregistered sale of a ...

3 Bitcoin price metrics showing ‘insane’ similarities to 2020 breakout

Bitcoin (BTC) is copying the prelude to its 2020 breakout to an “insane” extent, the co-founders of Glassnode have said.In a tweet on June 15, Yann Allemann and Jan Happel highlighted three BTC price metrics that are anything but bearish.Metrics echo Bitcoin’s “major reversals and rall ...

Price analysis 6/14: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC, LTC, DOT

The United States equities markets rose after the Consumer Price Index print on June 13 came in below expectations, but Bitcoin and the altcoins failed to recover. This suggests that cryptocurrency traders are focused on crypto-specific issues and are not buying on favorable macroeconomic news.&n ...

Bitcoin stays flat at $26K after PPL data as markets await Fed’s Powell

Bitcoin (BTC) stuck to $26,000 on June 14 as fresh United States macroeconomic data prints failed to move cryptocurrency markets.BTC/USD 1-hour candle chart on Bitstamp. Source: TradingViewPPI offers Bitcoin bulls little fuelData from Cointelegraph Markets Pro and TradingView showed ...

Bitcoin price rejects CPI boost as market Fed rate pause odds near 95%

Bitcoin (BTC) fell back in line at the June 12 Wall Street open after a brief macroeconomic data jolt failed to shift the status quo.BTC/USD 1-hour candle chart on Bitstamp. Source: TradingViewMarkets expect first Fed pause since 2021Data from Cointelegraph Markets Pro and TradingVi ...

​​Crypto fund outflows reach $417M over 8 weeks as investor caution persists

On June 12, European cryptocurrency investment firm CoinShares published its latest weekly “Digital Asset Fund Flows Report,” revealing that cryptocurrency investment products experienced outflows of $88 million last week. The substantial drawdown added to the ongoing eight-week streak ...

Price analysis 6/12: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC

After the tough sell-off seen in the past week, the cryptocurrency markets will be looking for some support from the macroeconomic data this week. The all-important United States consumer price index report on June 13 will be followed up by the Federal Reserve’s policy decision on June 14.  ...

Bitcoin and select altcoins show resilience even as the crypto market sell-off continues

A bearish trend formation has been pressuring cryptocurrency prices for the past eight weeks, driving the total market capitalization to its lowest level in more than two months at $1.06 trillion, a 2.4% decline between June 4 and June 11.This time, the move wasn’t driven by Bitcoin ...

A sideways Bitcoin price could lead to breakouts in ETH, XRP, LDO and RNDR

Altcoin prices crumbled after the United States Securities and Exchange Commission announced lawsuits against Binance and Coinbase at the start of the week. Apart from the action against the two biggest crypto exchanges, investors seem to be nervous because the SEC labeled 23 cryptocurrencies as ...

Bitcoin price avoids 3-month lows as crypto dive liquidates $390M

Bitcoin (BTC) challenged three-month lows into June 10 as altcoins in particular felt the heat from United States regulatory pressure.BTC/USD 1-hour candle chart on Bitstamp. Source: TradingViewAltcoin bloodbath as exchanges reshape landscapeData from Cointelegraph Markets Pro and T ...

Real-world asset protocols outperform DeFi blue chips due to tokenization wave

Real-world asset (RWA) protocols have become a hot trend within decentralized finance (DeFi) circles.An RWA protocol is a decentralized application that allows entities to tokenize and trade real-world assets. These assets range from stocks and government bonds to real estate and commoditi ...

Price analysis 6/9: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC, LTC, DOT

Bitcoin remains well above the crucial support at $25,250, indicating that market participants have shrugged off the news of the lawsuits by the United States Securities and Exchange Commission (SEC) against Binance and Coinbase. When markets do not stay lower for long after negative news, i ...

Bitcoin, Ethereum to shake off ‘toothless adversary’ SEC as FOMC looms

Bitcoin (BTC) and Ether (ETH) are due volatility — but not thanks to “toothless” United States regulators, new analysis says.In its latest market update on June 9, trading firm QCP Capital told market participants to gear up for macro-fueled price action for BTC and ETH.QCP Capi ...

Why is Bitcoin price stuck?

The price of Bitcoin (BTC) has remained fairly stable for several days in a row. With BTC price volatility subsiding, cryptocurrency markets are digesting the SEC's lawsuits against Binance and Coinbase. So why is Bitcoin's price stuck and what will be the next catalyst for a big move? Let ...

Bitcoin rebound falters amid SEC crackdown on exchanges, raising chance of a BTC price capitulation

Bitcoin’s price lost steam after a failed retest of the $27,400 resistance on June 6, signaling that investors became less confident after the recent regulatory actions by the United States Securities and Exchange Commission (SEC) against Binance and Coinbase. Both exchanges are b ...

US Bitcoin supply fell over 10% in the past year — Glassnode

Bitcoin (BTC) abandoned the United States during the 2022 bear market, new research suggests.In a tweet on June 8, on-chain analytics firm Glassnode revealed some surprising conclusions about who is now using Bitcoin.BTC supply moves to AsiaThe past year has seen some seismic ...

Security or not, Ether looks poised to hold the $1.8K level based on 3 key metrics

Ether’s price retested $1,780 after the news of the United States Securities and Exchange Commission (SEC) suing cryptocurrency exchanges Binance and Coinbase, but it’s not preposterous to suggest that Ether bulls should be more than happy that its price did not break below the 67-day ...

What asset freeze? Binance BTC outflows muted as users shun panic selling

Bitcoin (BTC) hitting three-month lows did not spur hodlers to panic sell, on-chain data shows.According to analytics firm Glassnode, BTC investors have largely ignored the latest crypto exchange legal battles.On-chain losses “remain quiet”BTC/USD dipped to just $ ...

Why is Bitcoin price down today?

The bullish momentum that propelled Bitcoin (BTC) price to a 2023 high over $30,000 on April 11 is all but gone after a fresh wave of SEC-led regulatory enforcement against Coinbase followed the June 5 lawsuit against Binance exchange.The contraction in Bitcoin price follows a market-wide ...

Bitcoin price bounces past $26K as Coinbase news fails to shake bulls

Bitcoin (BTC) recovered some of its lost ground after the June 6 Wall Street open despite new legal action from United States regulators.BTC/USD 1-day candle chart on Bitstamp. Source: TradingViewAnalyst sees Coinbase news marking BTC price lowData from Cointelegraph Markets Pro and ...

Why is Ethereum (ETH) price up today?

On June 6, Ethereum's native token, Ether (ETH), rose nearly 2.25% to around $1,825, compared to its June 5 low at $1,775. The bounce appeared synchronously with a similar move elsewhere in the crypto market. Interestingly, the move accompanied the U.S. Securities and Exchange Commission's ...

Why is the crypto market down today?

Right as analysts thought that Bitcoin (BTC) was on the cusp of showing signs of a price breakout, the crypto market took a turn to the downside after the SEC presented charges against Binance exchange. This has led some analysts to believe that the BTC price bottom is not yet in. Bit ...

Bitcoin price will get ‘another test’ of 200-week trend line — analyst

Bitcoin (BTC) fell to multi-day lows at the June 5 Wall Street open as action heated up on exchanges.BTC/USD 1-hour candle chart on Bitstamp. Source: TradingViewVan de Poppe: Trend line failure could mean "bottom isn't in yet"Data from Cointelegraph Markets Pro and TradingView showe ...

Google searches for ‘crypto’ fall to 2020 levels as BTC sentiment neutral

A two-month-long lull in cryptocurrency optimism has seen online search interest for “crypto” and other common cryptocurrency terms stumble down to late 2020 levels.According to data from Google Trends, the term “crypto” currently has a score of 17, which is well of ...

Bitcoin price chart flashes a bullish sign that could lead to breakouts in ADA, QNT, RNDR and RPL

The United States equities markets welcomed the debt ceiling deal and the May nonfarm payrolls data on June 2 with strong rallies. The S&P 500 rose 1.8% during the week while the tech-heavy Nasdaq was up 2%. This was the sixth successive week of gains for the Nasdaq, the first such occasion s ...

Rapid growth in DeFi-focused Ethereum liquid staking derivatives platforms raises eyebrows

Ether’s (ETH) DeFi activity has declined in the bear market and the sector faces further competition from Ethereum’s annual staking reward of 4%, according to Glassnode analysts. However, a DeFi narrative is building around liquid staking derivative (LSD) tokens that could revive Ethereum’s netwo ...

Arbitrum price soars after DeFi whale address resumes ARB accumulation

On June 2, the price of Arbitrum jumped alongside the top-ranking cryptocurrencies after the United States Senate voted to raise the debt limit.Why is the ARB price up today?The price of Arbitrum (ARB) rose 9% to an intraday high of $1.25, beating the crypto market’s ...

Price analysis 6/2: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC

The United States equities markets rallied sharply on June 2 even though nonfarm payrolls in May rose by 339,000, blowing past economists’ expectations of a 190,000 increase. A few analysts pointed out that the market was possibly encouraged by the slower growth rate of hourly earnings, which was ...

Bitcoin wicks down to $26.5K, but trader eyes chance for ‘bullish surprise’

Bitcoin (BTC) bounced near multiple support trend lines into June 2 as market indecision remained in force.BTC/USD 1-hour candle chart on Bitstamp. Source: TradingViewTraders bet on $27,500 BTC price ceilingData from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of ...

Bitcoin price slips under $27K, but data shows BTC whales counter trading DXY strength

As the summer season arrives, an unexpected heatwave is gripping financial markets.This heat is coming in the form of the U.S. Dollar Index (DXY), which has been on a remarkable uptrend since late April, reaching levels unseen since early March’s banking crisis when the dollar wrecking bal ...

Why is Litecoin price up today?

Litecoin (LTC) emerged as one of the best-performing cryptocurrencies on June 1 as the market's attention shifted to its strong network growth in recent months.The LTC price jumped 3% to an intraday high of around $95. In comparison, its top-rivaling assets, Bitcoin (BTC) and Ethereum (ETH ...