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Bitcoin Options Markets Reveal Investors Still Bullish, Despite Repeated BTC Price Failures to Test $30K
6.4.2023
Despite repeated failures by the Bitcoin price to test the $30,000 level in recent weeks over the course of the last three weeks, investors remain bullish, according to options market data presented by crypto analytics firm The Block.
Bitcoin has spent the last three weeks trading with $1,500...
Michael Saylor's $30M Bitcoin Acquisition Catapults His Crypto Wealth into the Billions – Here's the Latest
6.4.2023
As he continues to demonstrate a bullish approach to bitcoin (BTC), Michael Saylor, the founder and executive chairman of software company MicroStrategy, is ramping up the firm’s exposure to crypto with a recent major investment.
MicroStrategy unveiled its latest BTC purchase in a filing with...
Bitcoin Exchange Flows Turn Negative - Warning Sign BTC Price Could Be About to Vault Above $30K?
5.4.2023
Major cryptocurrency exchanges have been experiencing net negative BTC flows into their Bitcoin wallets over the last few days, according to on-chain data presented by crypto analytics firm Glassnode.
Flows into exchange wallets had been mostly positive since mid-February and the reversal could...
Investors Continue Buying Bitcoin, Latest Fund Flows Report Shows – Here’s Why BTC Could Dominate Institutional Crypto Demand
5.4.2023
One week after digital asset investment products saw their largest weekly inflow since July 2022 of $160 million, the pace of inflows has all but come to a halt, according to the latest Digital Asset Fund Flows report released on a weekly basis by CoinShares.
According to the crypto data analytics...
Bitcoin Transactions Without Internet? ZeroSync and Blockstream Make It Possible with Satellites in Space – Here's How
3.4.2023
Bitcoin infrastructure firm Blockstream has partnered with ZeroSync Association, a non-profit organization based in Switzerland, to broadcast Bitcoin zero-knowledge proofs via Blockstream’s satellite.
Courtesy of this partnership, Bitcoin nodes will be able to sync from any location on earth...
Bitcoin On Course For Best Quarter Since Early 2021, Here’s What Q2 Could Hold for the BTC Price
29.3.2023
Bitcoin, the world’s first and largest cryptocurrency by market capitalization, is about to close out its best quarter in exactly two years.
Assuming Bitcoin is able to close Friday’s session at or above current levels in the $28,200s, the cryptocurrency would have gained a massive 70% since...
Bitcoin Trading Volumes Have Collapsed – Here’s What That Means for the BTC Price?
28.3.2023
Bitcoin trading volumes have collapsed in the past few days. According to data sourced from CoinGecko, daily Bitcoin trading volumes across major exchanges fell to as low as $14.5 billion on Monday, its lowest level since the 5th of March.
That’s a huge drop after Bitcoin daily trading volumes...
New Report Suggests Billionaire Peter Thiel is Connected to Bitcoin Creator Satoshi Nakamoto – Here's What You Need to Know
28.3.2023
A recent development in the cryptocurrency world has sparked considerable interest: billionaire entrepreneur Peter Thiel has hinted that he may have met the individual or group behind the pseudonym Satoshi Nakamoto, the creator of Bitcoin.
Thiel asserts that this encounter took place at...
Bitcoin’s Non-Zero Balance Addresses Keep Surging, But These Key On-chain BTC Metrics Show Weakness
28.3.2023
The number of Bitcoin wallets holding a non-zero BTC balance continues to rocket higher, hitting a new all-time high of 45.388 million on Sunday, as per data presented by crypto analytics firm Glassnode.
That’s a rise of over 2 million since the start of 2022 and is the fastest rate at which...
Bitcoin is Set to Disrupt Africa's $85 Billion Financial System – Here's What You Need to Know
27.3.2023
Bitcoin (BTC) is on its way to become the currency of choice for moving money between African countries, a new CNBC report has revealed.
The wide-ranging report, authored by CNBC’s crypto reporter MacKenzie Sigalos, came three months after the conclusion of the inaugural Africa Bitcoin Conference...
Bitcoin Bears Eye Possible Pullback to This Key Support Area, But Longer-term BTC Price Outlook Remains Strong
25.3.2023
Risks of a short-term pullback in the Bitcoin (BTC) price appear to be rising, according to chart analysis.
Bitcoin was last changing hands close to $27,500, about 6% below the nine-month highs it hit on Friday in the $29,300s.
The cryptocurrency’s repeated failure to hold above resistance in...
Bitcoin Spot & Derivative Trading Volumes Surge – Bullish for the BTC Price?
24.3.2023
Bitcoin spot and derivative trading volumes have been surging in the past few weeks in tandem with the cryptocurrency’s aggressive rally from early monthly lows under $20,000.
That suggests there is a lot of conviction behind the recent move higher, which saw Bitcoin eclipse $28,000 this week...
Widely Followed Suite of Bitcoin On-chain Metrics Flash Bullish as BTC Price Holds Above $28,000 Post-Fed – Where Next?
24.3.2023
A widely followed suite of on-chain and technical metrics are sending bullish signs for the Bitcoin price, with BTC/USD holding close to nine-month highs just above $28,000 as markets digest Wednesday’s US Federal Reserve policy meeting.
Bitcoin initially sold off on Wednesday in a “sell the fact”...
Top Russian Lawmaker Says Bitcoin ‘Has No Future’ – This Is What He Backs for Success Instead
23.3.2023
A top Russian MP and the chief architect of the nation’s crypto legislation claims that Bitcoin (BTC) has “no future” – and claims that “ruble-backed coins” will prevail instead.
The comments were made by Anatoly Aksakov, the State Duma’s Chairman of the Committee on Financial Markets,...
Bitfinex CTO Says El Salvador’s Bitcoin Bonds Will Launch This Summer – But There’s a Twist
23.3.2023
The Chief Technical Officer of the Bitfinex crypto exchange has claimed that El Salvador’s long-awaited Bitcoin (BTC) bonds will launch this year “around June to September.” But the bonds, he explained, may not be bonds after all. Instead, the issuance could take the form of digital securities....
Long Liquidations Spike Bitcoin Suffers “Sell the Fact” Reaction to Dovish Fed, But BTC Dip-Buyers Will Probably Pounce
22.3.2023
Despite the fact that most market participants interpreted the latest Fed policy announcement as more dovish than expected, hence the drop in the US dollar and US yields, Bitcoin markets saw a “sell the fact” reaction, with the BTC price pulling back sharply and long liquidations spiking.
BTC/USD...
Cathie Wood of Ark Invest Sees More Institutional Investors Entering Bitcoin Market Amid Bank Crisis – Here's What You Need to Know
22.3.2023
Ark Invest CEO Cathie Wood believes Bitcoin's rally amid the recent banking crisis will only “attract more institutions.”
In a March 21 interview with Bloomberg, Wood said Bitcoin's price behavior through the crisis “is going to attract more institutions.” She claimed this could help build a bull...
Bitcoin Trading Volumes Keep Trending in the Right Direction – Can BTC Sustain Its Bull-run?
21.3.2023
Bitcoin’s bull run since the start of 2023 which has seen its price jump by close to 70% has been accompanied by a rise in Bitcoin trading volumes.
Daily trading volumes recently hit their highest level since the aftermath of the FTX collapse at more than $70 billion.
Bitcoin was last changing...
Bitcoin on Verge of Breakout Towards $30K, But These Metrics Suggest Market Might Be Getting Too Hot
21.3.2023
According to technical analysts looking at the Bitcoin market on a short-term time horizon, the world’s largest cryptocurrency by market capitalization looks like it could be on the verge of a breakout towards the psychologically important $30,000 level and perhaps on towards the next major...
Bitcoin Outflows Surge to $95 Million: CoinShares Report Reveals Alarming Trend – Find Out More Here
21.3.2023
Outflows from investment funds backed by bitcoin (BTC) rose sharply last week, despite a massive increase in the spot price of the cryptocurrency.
The outflows from bitcoin funds for the week reached $112.8 million, marking slightly improved investor sentiment compared to the week before when...