Markets

Bitcoin cash price started a downside correction from the $292 zone against the US Dollar. The price is now trading above the $260 zone and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support at $265 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if it breaks the $265 and $255 support levels. Bitcoin cash price is declining from the $292 zone against the US Dollar,...

Since the introduction of spot Bitcoin ETFs earlier this year, GBTC has experienced substantial outflows, resulting in its AUM (Assets Under Management) decreasing to $23.7 billion as of Thursday. While Grayscale has maintained its leading position among its competitors, its market share appears to be dwindling. Receding GBTC Outflows Between January 11-21, the Grayscale Bitcoin Trust (GBTC) dominated the spot ETF market, commanding over 50% of trade volumes. However, recent...

JPMorgan has boosted its outlook on Coinbase stock (COIN) from “underweight” to “neutral” after following a better-than-expected crypto market rally to kick off the year. In a research report shared with CryptoPotato, the bank’s analysts argued that Bitcoin has experienced “meaningful price appreciation” after the launch of Bitcoin spot ETFs last month. JPMorgan’s Revised Coinbase Outlook Led by financial analyst Kenneth B. Worthington, the authors wrote: “Given the...

Inflows from the new spot Bitcoin exchange-traded funds (ETFs) are the major reason BTC has experienced a significant uptick, surpassing the $50,000 level and exceeding $52,000. According to a tweet by Marc van der Chijs, Bitcoin investor and founder of several crypto firms, including miner Hut 8, ETF issuers are buying more than 10-12x the amount of BTC produced daily, and this is leading to a 2% price increase, which is roughly $1,000, per day. ETFs’ Impact on BTC’s Price...

After experiencing heightened buying pressure and a robust surge, Bitcoin’s price has breached a significant resistance region, notably the psychological threshold of $50K and the upper boundary of the multi-month ascending channel. This signals a notable bull market, with investors eyeing the possibility of Bitcoin reaching new all-time highs in 2024. Technical Analysis By Shayan The Daily Chart Upon careful examination of the daily chart, it’s clear that Bitcoin’s price has...

Bitcoin climbed by nearly 20% this week, surpassing the $1 trillion market cap for the first time since November 2021, owing to the continued inflows to the newly launched spot ETFs earlier this year. Following this milestone, BTC hit an all-time high against a few depreciating fiat currencies, including the Japanese Yen. In fact, Bitcoin surged to a fresh peak of 7.9 million Yen on the Tokyo-based cryptocurrency exchange bitFLYER. In comparison, its price in USD remained...

CoinspeakerInvestors Place Record-Breaking Bullish Bets on Solana’s SOL Futures SOL's upward trajectory might continue for a while longer, supported by the broader market conditions, despite still being 55% below its all-time high. Investors Place Record-Breaking Bullish Bets on Solana’s SOL Futures

CoinspeakerBinance Labs Announces First Batch of Investments in Season 6 Incubation Program Of 12 projects announced to participate in sixth season of Binance Labs' incubation program, three have been selected as the first batch. Binance Labs Announces First Batch of Investments in Season 6 Incubation Program

CoinspeakerFDUSD Trading Pairs Dominate on Binance FDUSD trading pairs have reached a new milestone just weeks before all BUSD balances will be converted to FDUSD. FDUSD Trading Pairs Dominate on Binance

CoinspeakerBitcoin Above $52K, BlackRock and Fidelity Continue to Lead Spot BTC ETF Inflows Bitcoin crossed $52,000 and seems ready for more increase as spot ETFs receive more large inflows, with BlackRock and Fidelity leading. Bitcoin Above $52K, BlackRock and Fidelity Continue to Lead Spot BTC ETF Inflows