Bitcoin accumulation addresses are witnessing record inflows following Bitcoin’s (BTC) surge to its all-time high of $69,000 and the subsequent retracement. According to a weekly report by CryptoQuant, daily inflows into Bitcoin accumulation addresses have risen to 38,000 BTC, pushing the total holdings of such wallets to record-high levels of 1.5 million BTC. Accumulation Addresses See High Inflows Bitcoin accumulation addresses only acquire BTC and never sell. CryptoQuant...
Read More »Bitcoin Price Prediction: Can BTC Reach $100K in March?
TL;DR Achieving a $100,000 Bitcoin price is speculative, influenced by regulatory and technological changes, along with market sentiment and investor actions. The current rally is seen as more stable, supported by the introduction of spot BTC ETFs, adoption by countries like El Salvador, and the anticipation of the halving event, which historically precedes market booms. What are the Chances? Earlier this week, Bitcoin’s price reclaimed its all-time high of over $69,000,...
Read More »Bitcoin Stopped at $70K, FLOKI Skyrockets 111% Weekly and Nears Top 50 (Weekend Watch)
Bitcoin’s price stood still for several days, but the asset went on the offensive yesterday, broke above $70,000 for the first time ever, and was violently rejected minutes later. Several altcoins, led by Worldcoin and FLOKI, have produced massive gains over the past day. BTC’s Rollercoaster CryptoPotato reported BTC’s notable run as of late, which culminated this week by charting a new all-time high two consecutive times. At first, Bitcoin shot above $69,000 on Tuesday after...
Read More »ChatGPT Analyzes if the Ripple (XRP) Price Can Surpass $1 Before the Bitcoin (BTC) Halving
TL;DR The upcoming Bitcoin halving event is expected to decrease miner rewards and may boost the cryptocurrency market. Analysts predict XRP could exceed $1 soon, with potential spikes up to $1.40 in April and an eventual all-time high of $5, depending on overcoming key resistance levels. What Needs to Happen? The Bitcoin halving – a major event in the cryptocurrency industry that takes place roughly every four years – is scheduled for April this year. It will cut the...
Read More »This Is How Shiba Inu (SHIB) Can Become The Largest Meme Coin in 2024
With Bitcoin hitting new all-time highs twice this week, the crypto community is perhaps rightfully speculating that the new bull cycle has already begun. Meme coins have been at the forefront of the recent gains, with the two largest going at it, and a new battle has started – which one of them will be the largest during this run. The gap between their market caps has narrowed in recent weeks and is under $4 billion, while it was at almost $10 billion in early February. So,...
Read More »Bitcoin als Retter der globalen Wirtschaft?
Die Rolle von Bitcoin in der globalen Wirtschaft In einer Welt, die von finanzieller Unsicherheit und wirtschaftlichen Herausforderungen geprägt ist, rückt eine digitale Währung zunehmend in den Mittelpunkt der Diskussionen: Bitcoin. Seit seiner Einführung im Jahr 2009 hat Bitcoin eine bemerkenswerte Entwicklung durchgemacht, von einer Nischenwährung für Technikenthusiasten zu einem ernstzunehmenden Akteur im globalen Finanzsystem. Doch kann Bitcoin...
Read More »Pantera Capital Eyes $250 Million Opportunity with FTX Estate for SOL: Report
Pantera Capital is reportedly in the process of securing funds from major investors to acquire heavily discounted Solana tokens from the bankruptcy estate of FTX. The company is raising capital for the Pantera Solana Fund, which presents an attractive opportunity to purchase up to $250 million worth of SOL tokens from the FTX estate. Marketing materials from February, obtained by Bloomberg, reveal that investors would have the option to buy SOL at a price 39% below the 30-day...
Read More »Tom Lee Reveals What Will Drive Bitcoin’s Price to $150,000
Speaking with CNBC’s Brian Sullivan on “Last Call,” Lee said, “It’s a generational issue” for Millennials and Gen Z, who are more open to adopting cryptocurrency. Sullivan told the financial analyst and strategist, “I’ve never met an investment instrument that is so polarizing… There’s people who call it fake, it’s a fraud, it’s a joke, it’s worthless. You know? Why do you think Bitcoin is so polarizing?” “It’s a generational issue,” Lee answered. Bitcoin Generation Gap “You...
Read More »Bitcoin Will Likely Reach $250k This Cycle, Says Lead Glassnode Analyst
Bitcoin (BTC) will blow past $250,000 this cycle thanks to years of HODLer conviction slingshotting its price to the moon, according to lead Glassnode analyst James Check. In an interview with What Bitcoin Did on Thursday, the analyst broke down why the Bitcoin market appears far more robust compared to the last time the asset’s price touched $69,000. Why This Cycle Is Different: Glassnode According to Check, the Bitcoin network entered a “bull market distribution phase”...
Read More »These Catalysts Could Push ETH to $10K or Higher This Year: Bitwise Analyst
The price of Ether (ETH), the second largest cryptocurrency by market cap, could soar to $10,000 or even higher this year despite the asset being overshadowed by Bitcoin (BTC) in the past months. These were the words of Juan Leon, crypto research analyst at asset manager Bitwise. According to Leon, ETH, worth $3,950 at the time of writing, could rally past its all-time high of $4,800 and possibly surpass $10,000 due to catalysts like the upcoming Dencun upgrade and excitement...
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