Tag Archives: btc

Bitcoin Correlation With Gold Now At Highest Level Since March

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Data shows Bitcoin has been becoming increasingly correlated with Gold, a potential sign that the digital Gold narrative is making a return. Bitcoin Correlation With Gold Has Risen To 0.75 Recently In a new Gold. The “Correlation” here is a metric that tracks how closely related the prices of two given assets are. In the current… Continue reading Bitcoin Correlation With Gold Now At Highest Level Since March→

Bitcoin Capped Below $65,000 As RSI Falls Below 80 In Monthly Chart: Should You Worry?

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Bitcoin is firm at press time. According to CoinMarketCap data, the world’s most valuable coin is changing hands above $63,500, steady on the last day and up a decent 7% over the previous week of trading. Technically, the uptrend remains as long as prices stay above the support zone at around $58,000 and $60,000. Bitcoin… Continue reading Bitcoin Capped Below $65,000 As RSI Falls Below 80 In Monthly Chart: Should You Worry?→

Ethereum Gains On Bitcoin Following Fed Rate Cut: Altseason Soon?

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Ethereum (ETH) price has outshined Bitcoin (BTC) over the last week since the US Federal Reserve (Fed) slashed interest rate by 50 basis points (bps) on September 18, 2024. Ethereum Gains On Bitcoin, Prelude To Altseason? Ethereum has had an impressive last few days as far as its price action is concerned. ETH has surged… Continue reading Ethereum Gains On Bitcoin Following Fed Rate Cut: Altseason Soon?→

Bitcoin Could Top At $400,000 Based On This Model, Analyst Says

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An analyst has explained how the next Bitcoin top could be situated around $400,000, if this model for the asset’s price continues to hold. Bitcoin Long-Term Power Law Could Reveal Possible Location Of Next Top In a new post on X, analyst Ali Martinez has talked about what the Long-Term Power Law could say about… Continue reading Bitcoin Could Top At $400,000 Based On This Model, Analyst Says→

Bitcoin Held For Years Are Now On The Move, Is This A Signal For Caution?

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Recently, a significant movement of older Bitcoin holdings has been observed on the network, sparking discussions about potential selling pressure in the market. This activity, as shown in data by the on-chain analytics platform CryptoQuant, has led to analysts advising “extreme caution” in the face of this development. Old Bitcoin On The Move: A Signal for Caution?… Continue reading Bitcoin Held For Years Are Now On The Move, Is This A Signal For Caution?→

Bitcoin’s Puell Multiple Dips Into Bullish Territory: Is A Breakout Coming?

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The Bitcoin Puell Multiple, a key on-chain metric used to assess the profitability of Bitcoin miners, is currently signaling a potential bullish reversal for the leading cryptocurrency. According to a CryptoQuant analyst under the pseudonym Darkfost, this metric has recently dipped into the “green zone,” a signal historically associated with upward price movements for Bitcoin.… Continue reading Bitcoin’s Puell Multiple Dips Into Bullish Territory: Is A Breakout Coming?→

BNY Mellon Moves Forward With Bitcoin Custody Services Following SEC Exemption

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Bank of New York Mellon (BNY Mellon) is making significant strides toward launching custody services for Bitcoin (BTC) and Ethereum (ETH), following its recent exemption from the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin (SAB) 121.  As previously reported by Bitcoinist on Friday, BNY Mellon is the first bank to receive this exemption, allowing… Continue reading BNY Mellon Moves Forward With Bitcoin Custody Services Following SEC Exemption→

Ethereum ETFs See Largest Outflows Since July: Is Waning Institutional Demand Hurting ETH?

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Ethereum (ETH) exchange-traded funds (ETFs) posted the largest outflows since July 2024, with $79.2 million leaving the market on Monday, according to data from SoSoValue. Ethereum ETFs Continue To Underperform Despite the highly-anticipated and strong start for Ethereum ETFs in July 2024, the latest crypto-based ETFs have, thus far, failed to sustain institutional interest. The… Continue reading Ethereum ETFs See Largest Outflows Since July: Is Waning Institutional Demand Hurting ETH?→

Bitcoin Price Targets Higher Levels: Can the Momentum Hold?

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Bitcoin price is again rising above the $63,800 resistance. BTC could gain pace if it clears the $64,750 resistance zone and then $65,000. Bitcoin is aiming for more gains above the $64,800 zone. The price is trading above $63,650 and the 100 hourly Simple moving average. There was a break above a short-term contracting triangle… Continue reading Bitcoin Price Targets Higher Levels: Can the Momentum Hold?→

Bitcoin Prediction: Crypto Pundit Reveals Why $100,000 Is The Nominal Price Level For 2025

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Optimism about the Bitcoin future outlook remains strong, with a crypto analyst forecasting a massive $100,000 price increase for the pioneer cryptocurrency. With expectations of an even greater price surge, the analyst believes that a $100,000 ATH for Bitcoin in 2025 is a nominal price target. Why Bitcoin Will Rise To $100,000 In 2025 Luke… Continue reading Bitcoin Prediction: Crypto Pundit Reveals Why $100,000 Is The Nominal Price Level For 2025→