The price of bitcoin reached an all-time high of $69,000 on Tuesday and is still hovering around that level. However, on-chain data source CryptoQuant, which provides crypto market statistics, suggests that a temporary stop or correction may be coming because prices have climbed too quickly. Just as prices were getting close to all-time highs, data … Read more
Because of a “massive supply-demand dynamic,” according to Bitwise’s chief investment officer, the price of bitcoin might rise above $200K this year. He emphasizes that there is “too much demand and not enough supply” for the cryptocurrency. Because of spot bitcoin exchange-traded funds (ETFs), he predicted “an even bigger wave” of demand for the cryptocurrency, … Read more
Renowned chartist and seasoned trader Peter Brandt has reiterated his optimistic view on bitcoin. “My bet is that this is a’starting’ candle,” said Brandt, pointing to “huge monthly bars” on his bitcoin price chart, after increasing his goal price for bitcoin during this bull market cycle to $200K. The Bitcoin Bull Run Prediction of Peter … Read more
After the April halving event, JPMorgan has warned investors that the price of bitcoin could drop as low as $42,000. The experts at the global investment bank clarified that $42K is the price point at which they “envisage bitcoin prices drifting towards once the euphoria caused by the bitcoin halving subsides after April.” Additionally, the … Read more
Today’s cryptocurrency prices show that Ethereum and Bitcoin are turning negative, while XRP, Solana, and Cardano continued to rise. Today’s major cryptocurrency values showed mixed results, with the price of Bitcoin (BTC) falling below $62,000 and some altcoins seeing notable increases. Furthermore, Ethereum dropped below $3,400. In the meanwhile, the value of several well-known altcoins … Read more
After three bullish days in a row, the price of Bitcoin has above $59,000 and is rapidly approaching the $60,000 milestone. The overall power of the cryptocurrency is increasing to unprecedented heights as the entire trading volume of Bitcoin ETFs has crossed the $2 billion threshold. Moreover, the prospective rate reduction and the impending halving … Read more
On Monday, the value of Bitcoin surged to a peak of $57,055, rising 10.1% in a single day to bring its market worth to $1.10 trillion. Bitcoin’s value in relation to the US dollar hasn’t increased to these levels since Nov. 22, 2021, which was 12 days after the cryptocurrency’s $69,000 peak. The Bitcoin Rally … Read more
Supporter of bitcoin Max Keiser has issued a warning about possible government confiscation of bitcoin stored in exchange-traded funds (ETFs). In addition, he foresaw a sharp decline similar to the one that occurred in 1987 and issued a dire warning that the price of bitcoin would surpass $500,000. The Crash and Bitcoin Seizure Alerts from … Read more
Tom Lee, head of research at Fundstrat, has reiterated his forecast for the price of bitcoin to reach $15,000. He believes that the cryptocurrency may hit that mark this year. He gave three main justifications for his optimistic price prediction. Referring to bitcoin as “sound money,” he highlighted its extreme security, potential as a risk … Read more
As the cryptocurrency market experiences ups and downs, the price of bitcoin on February 21, 2024, is a reflection of the intricate interactions between several market factors. With prices fluctuating between $50,820 and $52,902 over the course of a day, the top cryptocurrency is still seeing a lot of trading activity. With a market valuation … Read more