Bitcoin’s surge was about 45% in February. Historical data indicates that when there are exceptionally high average trader returns and minimal accumulation by whales, it tends to foreshadow a short-term correction. Crypto intelligence platform Santiment analysts noted that Bitcoin’s impressive performance throughout the 29 days of the previous month redefined leap year, yet March could […]
Bitcoin futures trading has surged to new heights, with the open interest for contracts on centralized exchanges hitting a record high of $26.99 billion on Friday, according to Coinglass data. Open interest, which represents the total value of all outstanding Bitcoin futures contracts across exchanges, is seen as a key indicator of market activity and […]
BTCUSD Is Surging to Reach the $69,000 All-time High BTCUSD is surging rapidly towards the crucial $69,000 all-time high, showcasing impressive bullish momentum. The cryptocurrency witnessed a robust performance throughout February, catapulting from $42,000 to test the significant $64,000 level, marking a remarkable gain of over 50%. As March unfolds, Bitcoin is commencing the month […]
Renowned analyst and CEO of Factor LLC, Peter Brandt, has adjusted his Bitcoin price forecast, now anticipating a potential rally to $200,000 by September 2025, up from his previous estimate of $120,000. Brandt’s revision is based on his extensive experience in market analysis spanning over four decades. 💡 Veteran analyst Peter Brandt sets a new […]
Following the Securities and Exchange Commission’s approval of the first U.S. exchange-traded funds (ETFs) holding bitcoin, firms are aggressively targeting baby boomers with ad campaigns promoting these investment products. SEC Approval Spurs Marketing Push The recent approval of bitcoin ETFs by the SEC has ignited a marketing frenzy among financial firms. These ETFs, from offerings […]
MicroStrategy, a prominent business intelligence software company, has further solidified its position in the cryptocurrency market by increasing its Bitcoin holdings. The company recently disclosed the purchase of an additional 3,000 bitcoins for $155 million, expanding its total holdings to 193,000 coins, acquired at an average price of $31,555 per BTC. MicroStrategy has acquired an […]
BTCUSD Soars Above Resistance Block to Reach $57,000 BTCUSD soars to $57,000 to continue its remarkable bullish surge and reach this significant milestone. This impressive run, initiated in early 2023, has been a consistent upward trajectory for Bitcoin into the current year. A key achievement in 2024 is the breakout beyond the long-standing parallel channel […]
In the rapidly evolving landscape of cryptocurrency, finding reliable banking services that cater to digital assets is essential for investors and businesses alike. Here’s a comprehensive review of some of the top Bitcoin-friendly banks and financial institutions in 2024: Quontic – Offered in: US – Launched in: 2009 – Current account fee: $0 – Credit […]
BTCUSD Faces the Risk of a Pullback to $50,000 BTCUSD faces the risk of a potential retracement to the $50,000 level. This comes after last week’s impressive rally through key levels. The cryptocurrency successfully navigated beyond the parallel channel and breached the $50,000 resistance, allowing it to approach the $52,000 resistance zone. BTCUSD Key Levels […]
