Tag Archives: Bitcoin Bull Run

A study conducted by the financial consultancy firm – deVere Group – estimated that 82% of clients with over $1.2 million worth of investable assets sought advice on cryptocurrencies in the past 12 months.  The significant interest came in spite of the broad market slump and the countless scandals and bankruptcies that happened in 2022. Crypto Seems Highly Popular Among the Rich According to the study, approximately eight out of ten high net worth (HNW) customers of deVere...

Bitcoin has been moving higher as the equity markets fetched more gains. The world’s largest cryptocurrency by market capitalization climbed over $23,000 on Tuesday. Since the beginning of the year, both Bitcoin and Ethereum added 40% surges to their trajectory, retracting the entire post-FTX dump. Needless to say, the ongoing rally has sparked concerns over its sustainability on the backdrop of last year’s bloodbath, as well as subsequent numerous fake-out rallies. However,...

The cryptocurrency rally this month was so robust that traders are looking out for the price bottom. Is the market there yet, or will bears take the prices back down to key optical support at $20K? Here are four new bullish indicators for the BTC price. Solid MA Crossover in New Bitcoin Addresses On-chain intelligence and insights firm Glassnode has spotted a bullish technical signal in Bitcoin addresses. The 30-day simple moving average (SMA) has charted above the 200-day...

With bitcoin’s price surging by over $5,000 since the start of the year and reclaiming $20,000, the number of analysts predicting that the asset is out of the woods continues to increase. CryptoQuant is the latest analytics company to offer some insight into the key on-chain signals that could suggest the start of a bull run. Shortly after Santiment informed that the supply of bitcoin held on centralized exchanges had dropped to a multi-year low, CryptoQuant outlined the...

Cryptocurrency projects obtained 42.5% less funding in 2022 compared to what they received in 2021.  Still, last year’s capital was significantly higher than the figures in 2018, 2019, and 2020. Funding in 2022  The crypto winter that hit the digital asset industry in 2022 has triggered a major market decline, an outflow of investor interest, and halted the expansion plans of some companies. According to a CoinGecko study, such firms had raised $21.26 billion last year, and...

Erik Voorhees – CEO of ShapeShaft and an outspoken proponent of bitcoin – believes it could take between six months and three years before the next crypto bull run occurs.  He also predicted that the primary cryptocurrency could surge to $40,000 by the summer, representing a 140% increase compared to current valuations. ‘It Won’t be Ten Years’ In a recent interview for Bankless Shows, Voorhees argued that the reigning crypto winter will not last for another decade. However,...

Hunter Horsley – CEO of the technology solutions provider Bitwise – believes bear markets are a great period when investors could increase their exposure to bitcoin. He estimated that the next bull run will begin next year, outlining that his firm’s clients have already increased their interest in the asset. Fortunes Are Made in the Bear Market In an interview for Bloomberg, Horsley outlined the historical pattern of bitcoin’s price movement. During its existence, the primary...

Mike McGlone – Senior Commodity Strategist at Bloomberg Intelligence – sees the top two cryptocurrencies outperforming other assets when the economy returns to bull territory.  The analyst said that Bitcoin, in particular, could be in its early stages of trading more like a safe haven asset, such as treasuries or gold.  Signs of a Bottom According to Bloomberg’s crypto outlook report released on Wednesday, the fact that commodities appear to have peaked may have implications...

Dan Morehead – head of the institutional asset manager Pantera Capital – thinks there might be many distressed financial sectors in the years to come, but the digital asset industry will not be among them. Similar to his previous statements, the executive argued that a crypto bull market is on its way, while blockchain technology will be employed by billions of individuals in the years to come. Bullish as Usual In an interview for CNBC, Morehead opined that cryptocurrencies...

Dan Morehead – Chief Executive Officer of Pantera Capital – believes the crypto winter will soon come to an end, and bitcoin’s price will head north again. He also argued that the supremacy of the two biggest digital assets by market capitalization – BTC and ETH – has started fading, and people should pay attention to other crypto projects that are “really important.” Bitcoin’s Rally Coming Soon In a recent interview for Bloomberg, the top executive and a keen cryptocurrency...