Category Archives: Bitcoin

US Spot Bitcoin ETFs Open Q4 2024 With $300 Million Weekly Outflows – Details

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Spot Bitcoin ETFs launched the fourth quarter of 2024 on a turbulent note ending the week with a net negative outflow of over $300 million. This development occurred in tandem with Bitcoin’s bearish start to October in which it declined over 6% in the first five days of the month. Related Reading: US Spot Bitcoin… Continue reading US Spot Bitcoin ETFs Open Q4 2024 With $300 Million Weekly Outflows – Details→

Bitcoin Holds Steady As Bullish Breakout Awaits These Conditions – Details

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According to data from CoinMarketCap, Bitcoin currently hovers near the $62,000 price mark with no significant movement in the past day. Notably, the premier cryptocurrency has slipped into a minor consolidation state since the little gains recorded on Friday. However, for long-term traders, Bitcoin has remained in a range-bound movement stretching to March. And while… Continue reading Bitcoin Holds Steady As Bullish Breakout Awaits These Conditions – Details→

Bitcoin Investors Show Fear – Could A Price Bottom Be Imminent?

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In contrast to popular bullish sentiments, Bitcoin began October on a bearish note, recording a price decline of over 7% in the first three days of the month. However, while the BTC market experienced an uptick on Friday as data from the US Labor Department indicated incoming rate cuts, investors have generally retained a cautionary… Continue reading Bitcoin Investors Show Fear – Could A Price Bottom Be Imminent?→

Bitcoin Futures Liquidation Forms Local Price Bottom — A Return To $65,000 Inevitable?

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The price of Bitcoin hasn’t quite started the month as widely expected, falling to around the $60,000 mark on Thursday, October 3rd. This bearish pressure is believed to have been triggered by the escalating tension in the Middle East after Iran fired missiles into Israel. However, the premier cryptocurrency seems to be making a turnaround… Continue reading Bitcoin Futures Liquidation Forms Local Price Bottom — A Return To $65,000 Inevitable?→

Bitcoin Whales Move Out Of Character With This Bull Market, What’s Happening?

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Ki Young Ju, the founder of the on-chain analytics platform CryptoQuant, revealed that Bitcoin whales are currently moving out of character in terms of profit-taking. These whales likely believe that the bull is far from over, which is why they haven’t secured as much profit as they have done in previous bull runs.  Bitcoin Whales… Continue reading Bitcoin Whales Move Out Of Character With This Bull Market, What’s Happening?→

Bitcoin Whales Set Profit-Taking Record In Bull Cycle — What’s Happening?

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The price of Bitcoin has not had the most straightforward performance in 2024 despite a strong start to the year. The flagship cryptocurrency has spent most of the last two quarters in consolidation, fluctuating within the $50,000 and $70,000 range. This uninspiring performance has sparked conversations about the current cycle, with several analysts and experts… Continue reading Bitcoin Whales Set Profit-Taking Record In Bull Cycle — What’s Happening?→

Similarities Between October 2023 And 2024 Suggests The Bitcoin Price May Still Experience ‘Uptober’

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Bitcoin has yet to rally in October, with many bullish proponents awaiting the resumption of an uptrend. Among those closely monitoring the price action in anticipation of an uptrend is a well-known analyst on the social media platform X. This analyst, who goes by the name Ash Crypto, recently highlighted a striking similarity between Bitcoin’s… Continue reading Similarities Between October 2023 And 2024 Suggests The Bitcoin Price May Still Experience ‘Uptober’→

Analyst Says Bitcoin Crash Might Not Be Over, Why $60,365 Is Important

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Crypto analyst Ali Martinez has suggested that the Bitcoin crash might not be over despite the relief rally to $61,000. The analyst highlighted the $60,365 price level as being important to avoid a potential crash to as low as $57,000. Bitcoin Needs To Hold Above This Price Level To Avoid Crash Martinez stated in an… Continue reading Analyst Says Bitcoin Crash Might Not Be Over, Why $60,365 Is Important→

Is Crypto Losing Steam? Bitcoin And Ethereum Addresses Shrink In 2024

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The cryptocurrency market is presently experiencing a substantial decline, as both Bitcoin and Ethereum have experienced a substantial decrease in active addresses. This trend, which has persisted throughout 2024, has triggered apprehension regarding the future of these prominent cryptocurrencies. The implications for market dynamics could be profound as investor enthusiasm diminishes. Declining Active Addresses According… Continue reading Is Crypto Losing Steam? Bitcoin And Ethereum Addresses Shrink In 2024→

Veteran Crypto Trader Says Bitcoin Is Forming A ‘Three Blind Mice’ Pattern, What Does This Mean?

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Veteran crypto trader Peter Brandt has stated that Bitcoin (BTC) is forming a ‘three blind mice’ pattern without confirming whether this is bullish or bearish for the flagship crypto. His statement has got the crypto community searching for answers as to what this pattern might mean for BTC.  Veteran Crypto Trader Says Bitcoin Has Formed… Continue reading Veteran Crypto Trader Says Bitcoin Is Forming A ‘Three Blind Mice’ Pattern, What Does This Mean?→