Tag Archives: Bitcoin (BTC) Price

It’s safe to say that Bitcoin’s price has seen better days. Just a couple of days ago, it dropped to a low of around $63,400 – a point that was last observed about a month ago. Since June 7th, the BTC price has lost about 11%, with altcoins tumbling even harder. This hasn’t deterred some analysts from remaining bullish, and CrediBULL Crypto is one of them. $100K Bitcoin Price Still Possible The well-known crypto analyst with 400,000 followers on X took to the social media...

In the following, we take a look at ChatGPT’s breakdown and analysis on the question of how high XRP can go if Bitcoin’s price reaches $1 million. The $1 million BTC price prediction was made by the popular analytics firm Bernstein Research. As CyrptoPotato reported earlier in June, Bernstein analysts predicted that BTC could reach $200K by the end of 2025. The experts further expect the cryptocurrency to reach $1 million by 2023, outlining: “We believe bitcoin is in a new...

Most US-based spot Bitcoin ETFs have started to see substantial withdrawals and the total amount has shot up to more than $500 million in the past week alone, even though it was just a four-day trading week. These developments have undoubtedly harmed BTC’s price movements, which have been closely related to the ETF flows. Spot ETF Outflows Skyrocket Ever since mid-January, when the US SEC reluctantly approved nearly a dozen spot Bitcoin ETFs, these financial vehicles have...

It’s been a tough week, and there are no two ways around it. The total cryptocurrency market capitalization declined by more than $70 billion as Bitcoin’s price dipped below $64K. It’s been somewhat of a rollercoaster ride throughout the past seven days as the BTC price attempted to recover on a few occasions but failed to regain its position. Last Friday, the cryptocurrency tumbled toward $65K but the bulls were quick to recover during the weekend. As soon as the new week...

Historically, Bitcoin has played a crucial role in driving market trends. Due to this substantial influence over other cryptocurrencies, BTC has, time and again, served as a primary indicator. While long-term holders of Bitcoin started liquidating their positions in January, their Ethereum counterparts have been steadily accumulating. Divergence Among Ethereum Holders The behavior of long-term holders is crucial for gauging market cycles. As price increases, these investors...

The market may have lacked luster, but investors are comfortably sitting on substantial piles of profit. Data suggest that profits are heavily focused on large-cap tokens and meme coins, while altcoins have taken a backseat. The latest findings by IntoTheBlock revealed that Bitcoin (BTC) leads the pack with 89.11% of its holders currently sitting in profit, thereby demonstrating its continued dominance in the market despite the launch of a flurry of different types of tokens...

Cryptocurrency investors have shown extreme levels of fear and uncertainty toward bitcoin (BTC) over the past month. According to on-chain data analysis firm Santiment, this extended period of negativity is unusual and could signal a potential buying opportunity for those who can endure the market’s inherent volatility. Record FUD Levels and Whale Accumulation Many investors are anticipating a rebound in bitcoin (BTC) prices after several weeks of stagnant trading. Despite...

The cryptocurrency market has been lackluster, with top assets trading sideways, showing minimal volatility and limited price movement. Despite this period of stagnation, data suggests that most of these digital assets are undervalued and have more upside potential. SHIB, DOGE, ADA Immensely Undervalued According to Santiment’s latest findings, the 30-day Market Value to Realized Value (MVRV) ratio found several assets to be undervalued. A lower MVRV ratio indicates that...

TL;DR Bitcoin’s price has dropped over 8% in the past two weeks to around $65,200, but analysts expect a rebound to $72,000-$74,000 and potentially above $100,000 by late 2024. High BTC open interest and negative exchange netflow suggest increased volatility and a potential bull run. BTC’s Next Possible Move The leading cryptocurrency in terms of market capitalization has underperformed as of late, with its price dipping by over 8% in the past two weeks. Currently, it trades...

Bitcoin has become significantly less volatile in recent times. This is evidenced by the absence of any extreme spikes in price movements in either direction since the completion of the fourth halving. Such a trend of dwindling volatility signals maturity, according to experts. Bitcoin Sees Signs of Maturity Over the past week, bitcoin saw a modest decline of a little over 3%, with selling activity outweighing buying across almost all exchanges. According to Kaiko’s latest...