Digital asset investment products are experiencing unprecedented crypto inflows, reaching a new record of $37.3 billion in 2023, according to CoinShares’ latest weekly report. This surge comes alongside MicroStrategy’s aggressive Bitcoin acquisition strategy, with the company adding 15,400 BTC to its holdings. Weekly Crypto Inflows Analysis The past week saw total inflows of $270 million […]
BTCUSD Buyers Lose Steam BTCUSD is once again approaching the pivotal $100,000 level, though bullish momentum appears to be fading. After facing stiff resistance near this milestone last week, the market retreated to $91,180. Despite the pullback, buyers have regrouped and are cautiously advancing toward the psychological threshold. BTCUSD Key Levels Resistance Levels: $100,000, $103,500Support […]
Bitcoin is gaining traction as countries consider it for national reserves. Nations like the U.S., Brazil, Poland, and Russia are exploring its potential to diversify assets. In the U.S., Senator Cynthia Lummis has proposed a bold plan. It suggests buying 200,000 Bitcoins yearly for five years to strengthen the nation’s financial position. Ready for $150,000 […]
Bitcoin continues to maintain its upward momentum, trading at $95,200 after experiencing a 9% drop from its recent peak of $99,800. The leading cryptocurrency’s resilience in the face of this correction signals robust market confidence and sustained buyer interest at current price levels. Key Support Levels Shape Market Dynamics On-chain data from CryptoQuant analyst Axel […]
BTC has encountered potential headwinds as Glassnode points to a risk of correction below $88K before it can push past $100K. The analysis suggests that limited trading activity in this zone may hinder further gains without stronger support. Long-Term Holders Intensify BTC Selling Bitcoin’s recent rally has triggered significant profit-taking by long-term holders (LTHs). According […]
Bitcoin (BTCUSD) Buyers are Ready to Buy the Dip Bitcoin buyers are stepping up as the price rebounds from the critical $91,000 level. After peaking near $99,000, Bitcoin faced a sharp correction as bullish momentum weakened, allowing sellers to drive the price downward. However, buyers have returned, reigniting upward momentum and signaling renewed confidence in […]
Digital asset investment products have achieved their largest weekly crypto inflows on record, reaching $3.13 billion. At the same time, U.S.-spot Bitcoin ETFs experienced their first negative flow day after a strong winning streak this week. Historic Week for Crypto Inflows into Crypto Investment Products The latest CoinShares report reveals unprecedented activity in crypto investment […]
The cryptocurrency market has seen its fair share of volatility, but if there’s one trend that should inspire investor confidence, it’s the unwavering commitment of publicly listed companies to add Bitcoin to their balance sheets. Despite market dips and uncertainties, these corporate giants are making bold moves, showcasing their faith in Bitcoin’s long-term potential. MicroStrategy […]
Glassnode, a blockchain analytics firm, forecasts a bullish trend for Bitcoin. The cryptocurrency is likely to reach $100,000, though momentum might slow after this milestone. Long-term holders (LTH), a key investor group, are selling for profits. Glassnode’s Spending Binary Indicator tracks their sell-side activity. It shows increased distribution, with asset balances dropping in 11 of […]
