Since Bitcoin’s price action fell back below the $70,000 mark, the coin hasn’t yet gained the needed momentum to rise back above that threshold. Rather, the market has been hovering closer to the technical support at the $65,000 mark. Let’s try to see what may soon evolve in this market. BTC Statistics: Current Bitcoin Value: […]
BTCUSD bears continue their dominance Bitcoin (BTCUSD) bears dominate after breaking the $67,400 key level. Bitcoin sellers have taken charge, pushing the cryptocurrency below this significant level. This move marks a notable shift in market sentiment, with bears likely to continue driving prices downward. After leaving buyers behind at the $67,000 mark, sellers have established […]
Bitcoin exchange-traded funds (ETFs) have seen a lot of money taken out by investors recently as the crypto market goes through a volatile period. Over $226 million left U.S. Bitcoin ETFs on Thursday alone, marking the third day of big outflows this week. This follows a similar trend seen at the end of April. Fidelity’s […]
In a move that underscores its forward-thinking approach, Wisconsin’s state pension fund has allocated $160 million—approximately 0.1% of its substantial $156 billion portfolio—to Bitcoin ETFs. This investment, detailed in a Form 13-F filing with the SEC, comprises stakes in Blackrock’s iShares Bitcoin Trust and Grayscale’s Bitcoin Trust. Such a significant commitment from a fund known […]
Bitcoin experiences a decline as traders prepare for Wednesday’s release of US inflation data and an upcoming Federal Open Market Committee (FOMC) meeting. Both macroeconomic events are considered pivotal for the outlook of crypto assets. The focus is on how Fed Chair Jerome Powell and the FOMC will react to May’s inflation data, potentially shifting […]
Bitcoin prices remained weak on Thursday as the market reeled from the recent CPI report and Fed comments. Amid this bearish undertone, Bitcoin whales took the opportunity to buy the dip, accumulating a staggering 20,600 BTC worth approximately $1.4 billion in just 24 hours on June 11. This represents the largest single-day Bitcoin buying spree […]
Key Takeaways and Highlights Miner revenue for Bitcoin’s Halving block reached $4.7M, driven by record transaction fees and the sale of a collectable “Epic Sat.” The launch of the Runes protocol triggered a surge in OP_RETURN transactions, peaking at 799K on April 23. Adjusted for power consumption, miner revenue per megawatt now stands at $1.3K, […]
BTCUSD Slumps Out of Consolidation Bitcoin (BTCUSD) has slumped below $67,000 as bears dominate the market. The crypto market has experienced a significant drop below the $67,000 level, with bearish forces taking control. The recent market structure indicated a ranging phase before the breakout, during which buyers struggled to penetrate the $72,100 resistance level. BTCUSD […]
BTCUSD sellers are in control and maintain momentum Bitcoin (BTCUSD) sellers gain momentum by targeting the $67,300 level. Recently, bearish sellers have taken charge, aiming to push the Bitcoin price down. Despite Bitcoin being in a consolidation phase, the bearish intensity is expected to break through soon. The market struggle has persisted for weeks, but […]
