Category Archives: Bitcoin News

Bitcoin Recovers To $61,000, Here Are The Possible Reasons

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Bitcoin has made a recovery back towards the $61,000 level during the past day. Here are the factors that could be behind this surge. Bitcoin Has Made Some Recovery During The Last 24 Hours After showing lackluster price action under $60,000 during the past few days, Bitcoin has finally shown some momentum in the last… Continue reading Bitcoin Recovers To $61,000, Here Are The Possible Reasons→

Bitcoin On Brink Of Massive Breakout Like Gold In 2008: Hedge Fund CEO

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In the latest edition of the Capriole Investments newsletter dated August 20, 2024, Charles Edwards, founder and CEO, draws striking parallels between the current market behavior of Bitcoin and the historical performance of Gold, particularly during its 2008 rally. Bitcoin Mirrors 2008 Gold Rush Edwards points out that Bitcoin has been consolidating around $60K, echoing… Continue reading Bitcoin On Brink Of Massive Breakout Like Gold In 2008: Hedge Fund CEO→

Bitcoin Price Could Surge 200% To Cross $100,000 If This Happens

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A crypto analyst has predicted that Bitcoin (BTC), the world’s largest cryptocurrency could see its price surging as high as $100,000, representing a 200% increase from its current value. However, the analyst noted that this bullish projection would occur only when certain conditions are met.  Bitcoin Could Rise To $100,000 In an X (formerly Twitter)… Continue reading Bitcoin Price Could Surge 200% To Cross $100,000 If This Happens→

Bitcoin Holders Now Doing Loss-Taking: Sign That A Turnaround Is Near?

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On-chain data shows that Bitcoin investors have ended their net profit-taking spree recently, a potential sign that a price reversal could occur soon. Bitcoin Daily Realized Profit Loss Ratio Has Dipped Below 1 Recently As explained by CryptoQuant author Axel Adler Jr in a new post on X, realized losses have started to exceed profits… Continue reading Bitcoin Holders Now Doing Loss-Taking: Sign That A Turnaround Is Near?→

Over 80% of Short-Term Bitcoin Holders Underwater — What This Means For BTC

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Bitcoin (BTC) is currently in red regarding price performance, dragging the rest of the crypto market along with it. Amid the continuous bearish price action, the latest data has revealed that Bitcoin short-term holders now face losses compared to their initial purchase prices. Onchain data expert James Check highlighted this in a recent post on… Continue reading Over 80% of Short-Term Bitcoin Holders Underwater — What This Means For BTC→

Bitcoin Poised To Reach New All-Time Highs: Expert Dives Into Tether’s Role As The Key

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The Bitcoin (BTC) price has broken free from its recent consolidation phase, breaching the $60,000 mark and setting its sights on critical resistance levels essential for propelling the cryptocurrency to new all-time highs (ATHs). This surge comes amid emerging bullish momentum in the world’s largest digital asset. However, the key to continuing this breakout is… Continue reading Bitcoin Poised To Reach New All-Time Highs: Expert Dives Into Tether’s Role As The Key→

Bitcoin ETFs Are “Important, But Not The Drivers,” On-Chain Analyst Argues

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An on-chain analyst has explained why the Bitcoin spot exchange-traded funds (ETFs), although important, may be something other than the drivers in the market. Bitcoin Spot ETFs Compared With Other Capital Flows On The Network In a new post on X, on-chain analyst Checkmate has discussed how the different capital flows in and out of… Continue reading Bitcoin ETFs Are “Important, But Not The Drivers,” On-Chain Analyst Argues→

Bitcoin at $70K, Ethereum at $4K: Arthur Hayes Predicts When Altcoin Season Will Begin

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As historically proven, the start of an altcoin season, or ‘altseason,’ a period marked by the strong performance of alternative cryptocurrencies relative to Bitcoin, often begins following a significant increase in BTC’s price. This phenomenon has been elaborated recently by Arthur Hayes, the co-founder of BitMEX and Chief Investment Officer at Maelstrom Fund, who has… Continue reading Bitcoin at $70K, Ethereum at $4K: Arthur Hayes Predicts When Altcoin Season Will Begin→

Bitcoin Price Action “Boring” Despite Rapid Accumulation: Is Something Big Cooking?

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Though buyers stand a chance, Bitcoin is steady when writing, teetering at the $60,000 level. After rejecting August lows, the bounce above the round number at $60,000 to as high as $63,000 by the end of last week was impressive. However, from the daily chart, prices are moving sideways in a possible accumulation, bounded by… Continue reading Bitcoin Price Action “Boring” Despite Rapid Accumulation: Is Something Big Cooking?→

Bitcoin Whales Participate In $588 Million Selloff: Is There More To Come?

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On-chain data shows the Bitcoin whale entities have sold approximately $588 million in the cryptocurrency during the past week. Bitcoin Whales Have Made Large Selling Moves Recently As pointed out by analyst Ali Martinez in a new Supply Distribution” from the on-chain analytics firm Santiment, which tells us about the total amount of Bitcoin that… Continue reading Bitcoin Whales Participate In $588 Million Selloff: Is There More To Come?→