Tag Archives: Bitcoin (BTC) Price

Bitcoin is signaling the start of a new bullish trend, rebounding to $42.6k following a recent sell-off primarily driven by short-term holders (STHs), who constitute the more speculative segment of the Bitcoin investor base. Ether also experienced an upswing, crossing the $2,270 mark alongside the world’s largest crypto. On the backdrop, substantial capital inflows into Bitcoin and Ether have been observed, which could further influence the price trajectories of these top...

It was another eventful week in the cryptocurrency space, with BTC soaring to a new 19-month peak six days ago before facing retracements and rollercoaster propelled by industry vulnerabilities. It all started just after CryptoPotato’s previous Market Update on Friday. Just hours later, the primary cryptocurrency initiated an impressive leg up that resulted in breaking above $44,000 and hitting $44,700 for the first time in over a year and a half. That was a noteworthy...

The crypto bear market is officially over, and Bitcoin (BTC) will pump “significantly higher” over the next 18 to 24 months, according to popular trading analyst and Reflexivity Research co-founder Will Clemente. In a thread posted to X on Wednesday, the trader highlighted various on-chain signals that crypto inflows are coming back, and BTC is due for a rebound. Bitcoin’s Comeback One bullish signal lies in Bitcoin’s “realized market cap” – the total value of all BTC in...

After a powerful rally, Bitcoin appears to have hit a degree of near-term exhaustion. The uptrend encountered resistance this week, breaking to a new yearly peak of $44.5k before sustaining the third sharpest selling-off of 2023. On-chain data suggest that short-term holders (STH) are to blame for pausing the climb. Bitcoin Short-Term Holders Capitalize on Soaring Prices This month, the Bitcoin market took a full cycle, starting at $40.2k, surging to a fresh annual peak of...

The supply of bitcoin (BTC) on centralized crypto exchanges has fallen to its lowest level in six years, indicating a decline in selling intent. According to the latest edition of the Bitfinex Alpha report, exchange-held BTC has reached its 45th consecutive month of diminishing supply. The development came when BTC hit a significant resistance level at $45,000. Bitcoin Supply on Exchanges Continue to Decline Long-term investors or large holders usually move their assets to...

With Bitcoin (BTC)’s next halving only five months away, investors are excited about whether the event can catalyze another epic bull market similar to years past. Mitchell Askew – Head Analyst for Blockware Solutions – is optimistic: not only does he predict more gains to come, but that the halving’s effect will retain its exponential strength in future cycles as well. Bitcoin Halving VS Price Askew’s theory bunks conventional wisdom stating that both Bitcoin (BTC) and the...

Bitcoin’s price has been very bullish over the last couple of months. However, it is finally showing subtle signs of correction today. Therefore, it is worth analyzing the charts for potential support levels. Technical Analysis By TradingRage Bitcoin Price Analysis: The Daily Chart On the daily chart, the price has been blowing past resistance levels one by one. Yet, today’s action has been very bearish, as the daily candle looks very bearish. The price has dropped around 10%...

The Bitcoin halving is arguably the most important event in the cryptocurrency industry, taking place every roughly four years (210,000 blocks). It aims to reduce the speed at which new BTC is being produced, which essentially reduces the pre-programmed inflation rates and ensures that Bitcoin mining will continue for many more years, even though more than 90% of the total supply has already been mined. The next such event is scheduled to take place in early April 2024. Given...

Five months after Ripple’s resounding legal triumph over U.S. regulators, the company’s cryptocurrency has shed virtually all of its former gains against its digital competitors. The XRP/BTC price ratio has returned to its level from prior to July 13, after which XRP rallied against the market’s leading crypto asset by ~80% within a week. Back To Reality For XRP In mid-July, U.S. district Judge Analisa Torres ruled that XRP sales on the secondary market did not constitute...

The past week was particularly explosive in the crypto markets, the capitalization of which increased by close to $200 billion. Currently standing at $1.7 trillion, the industry shows little signs of slowing down. Starting with Bitcoin, its price exploded by some 14.3% over the past seven days and it’s currently trading around the $44K mark. The bulls have tried to push it above that level but have so far been unsuccessful. It’s worth noting, however, that the bears also...