Bitcoin ETF Rally

Parabolic Rally In The Making? Bitcoin Regains $70,000 As Traders’ Paper Profits Collapse To 3%

Posted on May 28, 2024 by ante — No Comments ↓

The world’s largest cryptocurrency, Bitcoin (BTC), has been consolidating over the past week, trading between $67,000 and $70,000 after experiencing a brief 20% price correction that sent it as low as $56,400 in early May. This consolidation period comes as inflows into the US spot Bitcoin ETF market have reignited, and selling pressure appears to… Continue reading Parabolic Rally In The Making? Bitcoin Regains $70,000 As Traders’ Paper Profits Collapse To 3%→

Bitcoin Halving: Anticipating Price Impact, Miner Challenges, And Long-Term Outlook

Posted on April 19, 2024 by ante — No Comments ↓

The highly anticipated Bitcoin Halving event is close, bringing with it heightened expectations regarding the long-term impact on the Bitcoin price. There are concerns, however, that this quadrennial event may already be priced in, as Bitcoin recently reached an unprecedented all-time high of $73,700 on March 14. This surge broke the pattern of previous Halvings,… Continue reading Bitcoin Halving: Anticipating Price Impact, Miner Challenges, And Long-Term Outlook→

Increased Bitcoin ETF Adoption Propels BTC Dominance To Highest Level Since 2021

Posted on April 15, 2024 by ante — No Comments ↓

Bitcoin’s dominance within the cryptocurrency market has reached a three-year high, signaling strong demand for US spot Bitcoin ETF holding the largest digital asset and a challenging period for smaller tokens. Bitcoin accounted for nearly 55% of the $2.4 trillion digital asset market at the end of last week, a level not seen since April… Continue reading Increased Bitcoin ETF Adoption Propels BTC Dominance To Highest Level Since 2021→