Category Archives: Bitcoin News

This Bitcoin Correction Is Different From March 2024—Here’s Why

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An analyst has explained how this Bitcoin correction phase may be different from the 2024 one, based on the data of this on-chain metric. Stablecoin Supply Is Displaying A Different Pattern In This Bitcoin Downturn In a CryptoQuant Quicktake Stablecoins” are cryptocurrencies that track the price of a fiat currency, with USD being by far… Continue reading This Bitcoin Correction Is Different From March 2024—Here’s Why→

Analyst Compares Current Bitcoin Pullback to 2024 Market—Here’s What They Found

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Bitcoin continues to experience short-term volatility, struggling to maintain momentum above key resistance levels. After recently attempting to break back above the psychological $90,000 level, the asset has pulled back again. As of the time of writing, Bitcoin is trading at approximately $83,239, down 2.2% over the past 24 hours and nearly 23% below its… Continue reading Analyst Compares Current Bitcoin Pullback to 2024 Market—Here’s What They Found→

Net Taker Volume on Binance Hits Yearly High Amid Bitcoin Price Consolidation

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Bitcoin continues to trade just below the $84,000 mark, reflecting a broader slowdown in upward momentum. Despite attempts to reclaim higher levels, the cryptocurrency has remained under the $90,000 mark for over two weeks. This current range-bound activity comes nearly two months after Bitcoin touched its all-time high in January, indicating a period of uncertainty… Continue reading Net Taker Volume on Binance Hits Yearly High Amid Bitcoin Price Consolidation→

Bitcoin ‘Probably’ Hit Its Bottom At $77,000, Arthur Hayes Says

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According to a recent X post by crypto entrepreneur Arthur Hayes, Bitcoin (BTC) probably hit its bottom during the plunge to $77,000 on March 10. However, Hayes cautioned that while BTC may have bottomed, stock markets could face more pain ahead. BTC Bottomed At $77,000? Hayes Thinks So Former BitMEX CEO Arthur Hayes recently took… Continue reading Bitcoin ‘Probably’ Hit Its Bottom At $77,000, Arthur Hayes Says→

Bitcoin Surges Past $85,000 as Analysts Spot Key Bullish Signals

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Bitcoin’s price has been regaining momentum after a recent weeks of decline, climbing back above $85,000. This marks a 2.7% increase in the past week, slowly recovering from previous losses. While the broader market remains cautious, investors appear to now be closely monitoring whether BTC can sustain its upward trend or if further corrections are… Continue reading Bitcoin Surges Past $85,000 as Analysts Spot Key Bullish Signals→

Bitcoin’s Realized Cap and UTXO Data Signal a Major Shift—Here’s What to Watch

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Bitcoin is currently demonstrating signs of recovery, with its price climbing above $86,000, marking a 2.7% increase in the past day. Despite this recent uptick, BTC remains approximately 20% below its all-time high of $109,000, recorded in January. While the asset’s price action is known to be a focal point for analysis, on-chain data provides… Continue reading Bitcoin’s Realized Cap and UTXO Data Signal a Major Shift—Here’s What to Watch→

Bitcoin Transfer Count Lowest Since 2023—Is This Bearish?

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On-chain data shows the Bitcoin transaction count has plunged to the lowest level since October 2023. Here’s what this could mean for BTC’s price. Bitcoin Transactions Have Seen A Significant Slowdown Recently As pointed out by CryptoQuant author IT Tech in a new Number of Transactions” from the market intelligence platform IntoTheBlock, which measures, as… Continue reading Bitcoin Transfer Count Lowest Since 2023—Is This Bearish?→

Bitcoin’s Road To $1 Million: Expect A ‘Dip Then Rip,’ Bitwise CIO Says

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The road ahead for Bitcoin looks promising. At least, this is the prediction of Bitwise Chief Investment Officer Matt Hougan. According to the CIO, Bitcoin still has a big chance to hit $1 million by 2029 — despite its recent lackluster performance. In a March 18 investor note, Hougan explained how Bitcoin responds to economic… Continue reading Bitcoin’s Road To $1 Million: Expect A ‘Dip Then Rip,’ Bitwise CIO Says→

Bitcoin Whales Are Back—Could This Be the Catalyst for the Next Rally?

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Bitcoin (BTC) continues to trade below the psychological $90,000 level, with its price standing at $82,346. This marks a 24.3% drop from its all-time high above $109,000 recorded in January. Despite this downward trend, new on-chain data suggests that a surge of high-net-worth investors, or “new whales,” has been accumulating BTC aggressively, which could have… Continue reading Bitcoin Whales Are Back—Could This Be the Catalyst for the Next Rally?→

Bitcoin Accumulation Resumes After 3 Months Of Distribution – Analyst

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Bitcoin (BTC) continues to trade below the $85K level, fueling fears of further downside as the bearish trend remains intact. Bulls are losing momentum, failing to reclaim key resistance levels and hold lower demand zones, raising concerns about a potential continuation of the correction. Macroeconomic uncertainty and volatility remain key drivers of price action, with… Continue reading Bitcoin Accumulation Resumes After 3 Months Of Distribution – Analyst→