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Bitcoin Volatility Index Hits 6-Week Lows Despite Looming Macro Risk Events – Watch These Key BTC Price Levels
25.4.2023
Derebit’s Bitcoin Volatility Index (DVOL) just fell to 52, its lowest level since the 8th of March.
The drop to fresh more than six-week lows comes despite the Bitcoin price’s recent pullback from the 10-month highs it hit last week above $31,000.
BTC was last changing hands in the mid-$27,000s...
Daily Bitcoin Network Transaction Spike to Near Record Highs – What This Means for the BTC Price?
24.4.2023
The Bitcoin network clocked 432,613 transactions on Sunday the 23rd of April, according to data presented by crypto analytics firm Glassnode.
That’s the third-highest daily transaction count in the Bitcoin network’s history and the highest since the early May 2019 peak of 452,462....
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Bloomberg Analysts: Bitcoin 'Halving' Can Send BTC Past $50,000 – Here's Why
24.4.2023
Bitcoin (BTC) could rally past $50,000 over the next year as the effect of the next halving kicks in, according to a Bloomberg Intelligence report.
Judging from the findings in the report, the rally seen in the Bitcoin market since the beginning of the year could be just the start of a larger bull...
Bitcoin Long Liquidations Hit $150M in 3 Days as BTC Price Slumps Towards This Key Resistance Level
22.4.2023
Leveraged long positions in the Bitcoin futures market have been getting “rekt” (i.e. stopped out in internet lingo) in the last few days.
According to data presented by crypto derivatives analytics website coinglass.com, long position liquidations have surpassed $150 million over the course...
Bitcoin Options Market Turns Negative on Short-term BTC Price Outlook, But Longer-term Bullish Bets Remain
20.4.2023
Investors have turned their most bearish on Bitcoin’s short-term price outlook in more than one month, according to options market data presented by crypto data analytics website The Block.
However, at the same time, investors seemingly remain confident in BTC’s longer-term outlook.
The 25% delta...
Tesla Earnings: No Changes to Bitcoin Holdings in Q1 2023 – Here's How Much BTC Tesla is Holding
20.4.2023
Electric car maker Tesla revealed on Wednesday that its bitcoin (BTC) holdings remained untouched during the first quarter of 2023.
According to Tesla’s quarterly earnings report, the value of the “digital assets” held on the company’s balance sheet stood at $184 million, which is the same it...
Bitcoin Could Quickly Rebound Back Above $30K as BTC Price Follows This Historic Trading Pattern
20.4.2023
Bitcoin could be in for a quick rebound back above the $30,000 level in the coming days if it follows in the footsteps of a historic trading pattern that looks to be unfolding.
According to an article released by Bloomberg, after Bitcoin has jumped by at least 3% one day only to then give back...
Bitcoin fails to hold $30k: Is another BTC crash coming in 2023?
20.4.2023
After a long downtrend, Bitcoin has started to perform extremely well in 2023, with several on-chain indicators reflecting strong signs of support. BTC/USD has broken the resistance of $30K, approaching 52-week high after the downtrend in the last two years. The strong crypto market performance...
Bitcoin Threatens Break of This Key Support Area – How Low Could the BTC Price Go?
20.4.2023
Bitcoin (BTC) is down sharply on Wednesday, with analysts citing a massive sell order on the world’s largest crypto exchange Binance and hotter-than-expected UK inflation data as weighing on the price action.
BTC/USD was last changing hands almost bang on the $29,000 level, nursing losses...
Bitcoin in Early Stages of New Bull Market, Widely Followed Technical Indicator Suggests
19.4.2023
Bitcoin is in the early stages of a new bull market.
That’s according to analysis of a widely followed technical indicator called the Market Value to Realized Value Ratio, or MVRV Ratio.
This ratio, which is calculated by dividing Bitcoin’s current market capitalization by its market...
Argentina Approves First LATAM BTC Futures Offering – Are Regulators Softening Bitcoin Stance?
17.4.2023
Argentina’s financial markets regulator has approved the Latin America region’s first Bitcoin (BTC) futures contract offering.
In an official notice from the Comisión Nacional de Valores (National Securities Commission or CNV), the regulator explained that it had approved the trading of futures...
Spot Bitcoin Trading Volumes Remain Weak – A Threat to the BTC Bull Market Thesis?
15.4.2023
After hitting their highest levels last month since the aftermath of the FTX cryptocurrency exchange collapse last November thanks to significant volatility and zero trading fees on BTC pairs on Binance, spot Bitcoin trading volumes have fallen significantly.
According to data pulled from...
As Bitcoin Sits Comfortably Atop $30K, On-Chain Metrics Suggest Further Upside For the BTC Price
14.4.2023
Bitcoin (BTC), the most valuable cryptocurrency in the world by market capitalization that powers the world’s first cryptographically secured, decentralized payments ledger, hit its highest level since June 2022 on Thursday to the north of the $30,600 level.
BTC/USD was last changing hands up...
Billionaire Warren Buffett Labels Bitcoin as 'Gambling Token' with No Intrinsic Value – Here's Why
13.4.2023
Legendary US investor and long-time crypto critic Warren Buffett has once again lashed out at Bitcoin, claiming that it is a gambling token and doesn't have any intrinsic value.
During a Wednesday interview with CNBC’s Squawk Box, the Berkshire Hathaway CEO and chairman labeled Bitcoin a “gambling...
Bank of America Sees Support for Bitcoin Rally as Personal Wallet Hoarding Increases
12.4.2023
As investors are intensifying their efforts to move crypto to personal wallets, market observers interpret the latest trend as an indication of a lower ‘sell pressure’ on bitcoin (BTC), according to a recently drafted note by analysts from Bank of America (BofA). ...
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Shorts Obliterated as Bitcoin Surges Through $30K, Here is the Next Key BTC Price Target to Watch
11.4.2023
The latest Bitcoin (BTC) price pump, which has seen the world’s largest cryptocurrency rally into the mid-$30,000s per token, has obliterated millions worth of short positions.
Indeed, in the last two days, $107 million worth of Bitcoin futures short positions have been liquidated across major...
Bitcoin crossed $30k; Read this fact before you invest in 2023
11.4.2023
Bitcoin has crossed $30K for the first time after June 2022. Many retail investors are interested in investing in Bitcoin for long-term capital gain. However, market experts have revealed the cause of the price surge, especially in BTC. 11 transactions were made with an identical size of 2000 BTC....
Bitcoin Price Prediction as BTC Price Hits Highest Level Since June 2022, Eyes $30K
10.4.2023
The Bitcoin price jumped back into the $29,000s on Monday and, according to some exchanges, hit its highest level since June 2022 in the $29,300s (some exchanges had the BTC price remaining just below its February 24 high).
Though volumes remain lower than usual for a Monday given the closure...
Craig Wright Hints at Possible Legal Battle Against Apple Over Bitcoin White Paper – What's Going On?
8.4.2023
Self-proclaimed Bitcoin creator Craig Wright has hinted at a possible legal battle against Apple over the storage of Bitcoin white paper on its computers, claiming it violates copyright laws.
In response to a Twitter user who asked if Apple might be “in breach of copyright” for storing...
Here’s How Friday’s US Jobs Report Could Impact the Bitcoin (BTC) Price
7.4.2023
The US jobs market report for March is set for release on Friday and has the potential to really shake things up in the Bitcoin market.
Traders will be closely scrutinizing the non-farm payrolls figures (the net change in jobs in the economy), which is expected to moderate to 239,000 from 311,000...