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Tag Archives: Bitcoin (BTC) Price

Bitcoin (BTC) Price Hits New All-Time High Against Euro and British Pound Following Latest Surge

Bitcoin (BTC) just hit a new all-time high (ATH) against the euro (EUR) and the British pound (GBP) following its ascent to the $65,000 price mark. Data from TradingView shows that BTC neared 61,000 EUR on Monday morning for the first time in history as the asset rallied 7% in the past 24 hours. BTC Records New ATH in EUR The last time Bitcoin came close to its new ATH in EUR and GBP was in October 2021, during the previous bull cycle. The leading digital asset touched 53,075...

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3 Key Signs That the Bitcoin (BTC) Bull Market Is Just Getting Started

TL;DR Bitcoin’s price has seen significant increases recently, surpassing $62,000 and sparking speculation about the start of a major bull run. Some important factors hint that reaching a new all-time high might be just around the corner. BTC Halving Bitcoin’s price has excited the cryptocurrency participants and shocked the naysayers in the past few weeks, witnessing exponential surges. It currently trades at over $62,000, while the rally in February represented the longest...

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Spot Bitcoin ETFs May Offer Stability Amidst Unsustainable Funding Rates

The ongoing rally is challenging market expectations regarding the impact of spot Bitcoin ETF inflows, which were speculated to propel the leading asset to break all-time highs by the end of March. With Bitcoin exceeding $59,000 on Wednesday, marking a gain of over 5%, indications suggest that a new peak may materialize sooner than anticipated. Funding Rate Fears vs. Spot ETF Strength The rally is primarily driven by demand, evidenced by spot ETF volumes surpassing $3.2...

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Bitcoin and Ether Dominate Institutional Portfolios: Bybit Report

The crypto market’s rally clearly indicates that institutions have shown a stronger preference for Bitcoin and Ether, allocating approximately 40% each to these top assets. As of January 31st, 2024, these entities have dedicated 15% to stablecoins and only 5% to alternative coins. A new report by Bybit suggests that institutional portfolios have become significantly more focused, increasing from 50% to 80% over the past few months. In contrast, retail investors display a...

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These Indicators Are Signaling a Possible Correction in BTC’s Price: CryptoQuant

Some on-chain indicators are flashing signs that Bitcoin (BTC) may be overheating following its rally to the $64,000 price mark, indicating a significant correction could occur soon. According to a weekly report from market intelligence firm CryptoQuant, the rising traders’ unrealized profit margin and the high cost of opening new long positions in perpetual futures markets suggest the emergence of a pause or correction in BTC’s price. BTC’s Remarkable Rally Since the...

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Is BTC Overdue a Correction Following Epic Rally Above $60K? (Bitcoin Price Analysis)

Bitcoin’s price has been on an almost vertical rise in the last few days, approaching its all-time high of $69K. Yet, the cryptocurrency might not make a new record right away, as some warning signals are pointing to a short-term correction. Technical Analysis By TradingRage The Daily Chart On the daily timeframe, it is evident that the price has been rallying aggressively during the last month, breaking past several significant resistance levels. The market is currently one...

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Bitcoin Set for Correction Before Continuing Upward Trend, Predicts Galaxy Digital CEO

As Bitcoin surges toward its previous all-time high, industry experts are anticipating a correction before the digital asset can continue its upward trajectory. Mike Novogratz, founder of Galaxy Digital, shared his insights with Bloomberg TV, suggesting that while Bitcoin has soared past the $60,000 mark this week, a correction is likely imminent. Bitcoin Enters “Price Discovery” Phase “I wouldn’t be surprised to see some correction and some consolidation, but I’m very loath...

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Citron Advises Investors to Short Coinbase (COIN) Stock

Coinbase has had a great run recently, topped off with a great Q4 2023 roundup in which the platform announced that it had beaten analyst predictions and was well on track to recovery from crypto winter. However, a technical glitch – which was reportedly caused by high traffic – recently struck the exchange, causing the site to display some users’ balances as zero. Speedy Recovery The platform has since recovered from the glitch, and Coinbase CEO Brian Armstrong hopped on X...

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Bitcoin Set for 10 Months Of Face Melting FOMO, Says PlanB

Bitcoin (BTC) is beginning a parabolic bull run of epic proportions that will last throughout the rest of the year, according to popular price analyst PlanB. In a post to X on Friday, the pseudonymous Bitcoin bull published a graph plotting Bitcoin’s “market cycle,” noting that the price has now emerged from this cycle’s “accumulation phase.” Bitcoin Bull Market Has Begun “No more easy buying opportunities in orderly and slowly increasing markets,” wrote PlanB. “If history is...

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3 Catalysts That Suggest More Gains for Bitcoin After Price Broke $60K

Bitcoin surged above $61,000 on Wednesday, marking its highest level since November 2021. The rally seems fueled by significant inflows into US-based spot Bitcoin ETFs. With bullish momentum building, all eyes are on the leading crypto asset’s trajectory, and data suggest that it might be able to break its previously established all-time high of $69,045. MVRV Ratio Signals Buying Opportunity The MVRV Ratio, derived from dividing an asset’s market capitalization by its...

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