Bitcoin (BTC) is showing strong signs of a bullish trend, with recent investor profits reinforcing market optimism. A notable case involved an investor who sold 265.89 BTC for $17.5 million after holding it for two years. Originally bought on Bitfinex, the sale resulted in a $11.28 million profit, representing an 181% return on investment (ROI). […]
Digital asset investment products have recorded their third consecutive week of crypto inflows, totaling $1.2 billion, according to the latest CoinShares report. This significant influx of capital is largely attributed to growing investor expectations of a more dovish monetary policy from the U.S. Federal Reserve. The approval of options for certain U.S.-based investment products has […]
Bitcoin (BTCUSD) Buyers Hold Ground Above the $63,000 Key Level The Bitcoin price has maintained its traction above the $63,000 key level, with buyers still vying for control despite a slowdown in momentum. BTCUSD traders are now watching closely for a potential breakout, especially as the month of September comes to a close. Key Levels […]
BTCUSD Buyers Continue their Pursuit The Bitcoin crypto has reached another significant milestone, breaking through the $66,000 key level as its bullish trend holds strong. The broader cryptocurrency market is back on an upward trajectory, with Bitcoin leading the charge. This month has seen a revival for buyers, as BTCUSD surged from the $52,000 level, […]
The cryptocurrency market is experiencing a significant uptick in investment, with recent data showing a substantial increase in crypto inflows. This trend signals growing confidence among investors and could potentially lead to further price appreciation in the digital asset space. According to the latest reports from CoinShares, digital asset investment products saw inflows totaling $321 […]
Alphractal, a leading cryptocurrency analytics firm, has raised concerns that Bitcoin may be entering a bear market. Their analysis uses the Spent Output Profit Ratio (SOPR) to detect market shifts. By combining SOPR with exponential and simple moving averages, they aim to filter out market noise. Analytics Company Claims Bitcoin Could Be Entering a Bear […]
Bitcoin Buyers Encounter Resistance at $64,000 Bitcoin (BTCUSD) crypto continues bullish upthrust as buyers face roadblock at the $64,000 key level. This month has been a month of redemption for the buyers, as they have managed to recover from the sellers’ push down to the $52,900 significant level. BTCUSD Price Levels Resistance Levels: $71000, $65000Support […]
Bitcoin, the world’s largest cryptocurrency, has climbed above $63,000 as investors react positively to recent economic developments. The digital currency’s price rose 2.3% in the past 24 hours, peaking at $64,127 at the time of writing. This upward trend comes after the U.S. Federal Reserve cut interest rates by 50 basis points on Wednesday. The […]
In a dramatic turn of events, Bitcoin has experienced a significant price surge following the United States Federal Reserve’s decision to cut interest rates by 50 basis points. This move has sparked renewed optimism in the cryptocurrency market, with experts predicting potential new all-time highs for Bitcoin in the coming months. The world’s largest cryptocurrency […]
