Technical Analysis of Bitcoin: Signs Point to a Possible Change in Market Momentum

Technical Analysis of Bitcoin: Signs Point to a Possible Change in Market Momentum

On April 15, 2024, the price of bitcoin shows a mixed picture of consolidation and faint signs of recovery, indicating a pivotal point for possible bullish or negative developments. Bitcoin The 1-hour chart shows that the market is undecided right now, but the 4-hour and daily charts point to underlying moves that might affect how … Read more

Top 5 Crypto Coin

असली क्रिप्टो ब्लॉकचेन प्रोजेक्ट की सफलता #CoinMarketCap पर आज हजारों टोकन और कॉइन है। अगर आप टॉप 5 कॉइन को देखें तो आप USDT स्टेबल कॉइन को छोड दे तो #bitcoin    #ether #Solana और #BNB    चारों ही ब्लॉकचेन प्रोजेक्ट हैं और इनका अपना अपना इस्तेमाल और इकोसिसटम है। इनमें कोई भी #MEME गेम या #NFT … Read more

The CEO of Galaxy Digital predicts that this year, bitcoin will reach $100K, citing “runaway momentum” in spot ETFs.

The CEO of Galaxy Digital predicts that this year, bitcoin will reach $100K, citing "runaway momentum" in spot ETFs.

Mike Novogratz, the CEO of Galaxy Digital, is adamant that bitcoin will hit $100,000 this year. He clarified, saying that there are currently more buyers and sellers and that exchange-traded funds (ETFs) for bitcoin are experiencing “runaway momentum.” Furthermore, he mentioned a “new phase of bitcoin” as baby boomers enter the asset class. He went … Read more

A Short-Term Correction Is Forming Since Bitcoin’s Price Has Grown Too Quickly: CryptoQuant

A Short-Term Correction Is Forming Since Bitcoin's Price Has Grown Too Quickly: CryptoQuant

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

Bitwise CIO: ‘Too Much Demand, Not Enough Supply’ Could See Bitcoin Reach $200K This Year

Bitwise CIO: 'Too Much Demand, Not Enough Supply' Could See Bitcoin Reach $200K This Year

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

JPMorgan Projects That Bitcoin Will Fall Below $42K Following Its Halving

JPMorgan Projects That Bitcoin Will Fall Below $42K Following Its Halving

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

Despite a decline in fees, Bitcoin mining revenue increased to $1.39 billion in February.

Despite a decline in fees, Bitcoin mining revenue increased to $1.39 billion in February

Bitcoin miners found 4,446 blocks in February, earning $1.39 billion in total—$71 million of which came from onchain transaction fees. Bitcoin mining generated $40 million more in revenue in February than it did in January, despite a decline in fees this month. The Hash Price of Bitcoin Exceeds $100. Foundry USA took the lead in … Read more

Study: 80% Increase in BTC and ETH Holdings as Institutions Become More Bullish on Ethereum in H2 of 2023

Study: 80% Increase in BTC and ETH Holdings as Institutions Become More Bullish on Ethereum in H2 of 2023

According to the most recent Bybit user asset allocation study, between July 2023 and January 2024, institutional digital asset portfolios’ concentration of bitcoin and ethereum rose from 50% to 80%. In contrast to regular investors, institutions seemed to be more optimistic about ethereum than bitcoin throughout this time. Five Percent of Institutional Digital Asset Portfolios … Read more

While Spot Bitcoin ETF Reserves Are Rising, Kraken Institutional Joins the Market

While Spot Bitcoin ETF Reserves Are Rising, Kraken Institutional Joins the Market

Kraken, a San Francisco-based cryptocurrency exchange, has debuted Kraken Institutional, a digital currency suite created specifically for institutional investors and high-net-worth businesses. Elite Clients Can Expect Deep Liquidity and Low-Latency Trading from Kraken Institutional Introduced by Tim Ogilvie, the global head of the business division, Kraken Institutional is a new cryptocurrency solution that builds on … Read more

Bitcoin Price Exceeds $59,000! Can Bitcoin Achieve $100K Prior to Halving?

Bitcoin Price Exceeds $59,000! Can Bitcoin Achieve $100K Prior to Halving

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