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2024 BTC cycle significantly lagging behind past halvings, according to analyst

Historical Trends Since 2017 Indicate Bitcoin Price Drop to $35,000

Current Bitcoin Market Cycle Weaker Than Previous Ones The present Bitcoin (BTC) market cycle is “dramatically” weaker than the earlier three cycles, as indicated by Alex Thorne, head of firmwide research at investment firm Galaxy. Thorne analyzed price trends following the April 2024 Bitcoin halving, comparing them to cycles from 2012, 2016, and 2020. This […]

Today’s crypto market decline: Reasons behind the drop in altcoins and BTC

Historical Trends Since 2017 Indicate Bitcoin Price Drop to $35,000

Cryptocurrency Market Decline The virtual currency market is currently experiencing a downturn, with Bitcoin and various altcoins facing significant losses. Bitcoin has dropped to $76,000, down from a peak of $77,000 just last week. Notable declines are seen in altcoins such as RaveDAO, MemeCore, LayerZero, Aave, and Siren. Specifically, RaveDAO’s price has plummeted by over […]

BTC approaches $75,000 key breakout point with a potential rise to $85,000 in sight.

BTC approaches $75,000 key breakout point with a potential rise to $85,000 in sight.

Bitcoin Surges to Near $75,000 Bitcoin recently reached a one-month high, peaking at $75,000 during early U.S. trading on Tuesday and currently standing at $75,300—a 6% increase in the last day. This price movement has drawn attention from analysts who suggest that such a level might indicate a major shift in the market’s current range. […]

Bitcoin returns to $74K amid spot ETF interest and BTC miner selling pressure

Historical Trends Since 2017 Indicate Bitcoin Price Drop to $35,000

Key Points Even with strong ETF inflows, Bitcoin continues to closely follow the S&P 500 and shows sensitivity to global economic trends. Current Bitcoin futures premiums and miner selling behavior indicate that the bear market is still in effect, despite Bitcoin trading above $74,000. On Monday, Bitcoin (BTC) bounced back to the $74,000 mark as […]

Morgan Stanley’s spot BTC ETF could start trading on Wednesday.

Morgan Stanley's spot BTC ETF could start trading on Wednesday.

Morgan Stanley to Launch New Bitcoin ETF After more than two years since the first 11 Spot Bitcoin ETFs started trading in the U.S., a major Wall Street bank is set to introduce the 12th Bitcoin ETF. This new fund from Morgan Stanley, with assets under management totaling around $1.9 trillion, could make its debut […]

Analysts consider possible decline as BTC price follows a known trend.

Analysts consider possible decline as BTC price follows a known trend.

Cryptocurrency Market Update The cryptocurrency market, including Bitcoin, seems to be stuck in a rut, staying within a familiar range for the past two months. Currently, Bitcoin (BTC) is sitting at around $68,523.66, while Ethereum (ETH) is trading at $2,130. This stagnant pricing trend started on February 6, with highs between $72,000 and $75,000 and […]

Important details: Geopolitics Could Challenge BTC; 94K Inflows; $14.5B Loss

Historical Trends Since 2017 Indicate Bitcoin Price Drop to $35,000

Recent geopolitical shifts in Iran might impact Bitcoin (BTCUSD). Analysts have suggested that an attack from Iran could test Bitcoin’s lower limits, whereas a resolution could eliminate the war premium, potentially driving prices toward $70,000. In March, spot Bitcoin ETFs and institutional investors collectively added about 94,000 BTC, marking the highest monthly inflow since October […]