Bitcoin investors adjust their expectations as 88% of BTC supply shows profit – Cointelegraph
Key Insights on Bitcoin Market Dynamics 88% of Bitcoin supply is currently in profit, mostly below $95,000, signaling a readjustment to investor expectations. The price range of $75,000 to $95,000 might indicate a structural bottom in line with market conditions expected for Q3 2024. The Market Value to Realized Value (MVRV) ratio hitting 1.74 acts […]
Monitor these Bitcoin price points as BTC approaches a crucial moment – Cointelegraph
Key Insights on Bitcoin’s Recent Performance Bitcoin couldn’t breach the $98,000 mark, despite rising profits. For BTC to reach $100,000, prices need to go above $95,000 on the daily chart. On May 3rd, Bitcoin (BTC) struggled at the resistance level of $98,000. Since April 22nd, prices have fluctuated, with daily candle highs between $93,000 and […]
Bitcoin ETFs in the US purchased six times more than the amount produced by BTC miners last week – Cointelegraph
The Spot Bitcoin Exchange Traded Fund (ETF) in the US acquired nearly six times more Bitcoin than was mined last week. This US-based Bitcoin fund snapped up 18,644 BTC during the week, while only 3,150 BTC were mined. The asset allocator, hodl15 Capital, is set to be discussed on May 4th. Institutional buying, especially from […]
XRP Update: XRP Falls, but ETF Developments and Legal Advances Provide Optimism; BTC at $94k – FXEmpire
Bitcoin falls below $95,000 as US-China trade tensions resurface The recent plunge in XRP occurred alongside Bitcoin’s (BTC) drop from its high of 97,997 on May 2nd. Ongoing uncertainty regarding US-China trade negotiations has dampened investor sentiment, leading BTC to fall below the critical $95,000 level for the first time in four sessions. Reports indicate […]
Bitcoin (BTC): Golden Cross Alone Won’t Cut It, Shiba Inu (SHIB) Volume Drops Close to 0, XRP Faces $2 Risk, but $3 Could Happen – U.Today
Market Insights: Bitcoin, Shiba Inu, and XRP Bitcoin’s price activity shows some troubling signs, despite recently achieving what’s known as a Golden Cross. The cryptocurrency has slipped to $95,484, following a brief rise to $96,000. This positive chart formation often fails to generate the institutional interest or volume spikes needed for sustained growth. Currently, Bitcoin […]
Crypto Expert Suggests Bitcoin Could Rise 6 Times, Indicates Major BTC Movement in Five Years Has Started – The Daily Hodl
A well-known crypto analyst thinks Bitcoin (BTC) is poised for some significant upward movement. The pseudonymous analyst TechDev shared with his 522,200 followers on X that he sees a potential setup reminiscent of a previous six-fold increase in BTC values. TechDev notes that Bitcoin made an impressive leap in 2020, which was partly driven by […]
Is a New Bitcoin High on the Horizon? Analyst Points Out Signs That Came Before Every Major BTC Price Increase – TradingView
Bitcoin Continues Its Climb Bitcoin is extending its recent recovery, now valued at $97,559 and showing over 15% growth in the last two weeks. This momentum is bringing it closer to the psychologically important $100,000 mark, suggesting a shift in investor sentiment across the broader crypto market. While short-term price movements can elicit mixed reactions, […]
Bitcoin enthusiasts at ‘the club’ could prevent the US government from purchasing BTC, says Arthur Hayes – Cointelegraph
Arthur Hayes, a co-founder of Bitmex, expressed skepticism about the likelihood of the U.S. adding Bitcoin to its reserves, citing the country’s significant debt levels and the stereotypes surrounding what he calls the “Bitcoin Brothers.” In a May 1 interview, he stated, “I’m not really into the whole strategic reserve situation.” Hayes questions Bitcoin acquisition […]
Medical Tech Firm Semler Scientific Accumulates Another $10,000,000 Worth of Bitcoin, Now Holds 3,303 BTC – The Daily Hodl
US medical technology company Semler Scientific has accumulated another round of tens of millions of dollars worth of Bitcoin (BTC), totaling just 3,300 BTC. In a new thread on social media platform X, Eric Semler, founder and chairman of the board; say Semler Scientific has acquired 111 BTCs worth $10 million, adding that the company […]
Michael Saylor’s Strategy bagged 6,556 BTC for $555.8M last week – Cointelegraph
Michael Saylor, one of the world’s largest publicly available corporate Bitcoin holders, added another large purchase to his growing portfolio as cryptocurrencies trades nearly $85,000. The strategy acquired 6,556 Bitcoin for $555.8 million from April 14-20. announcement The latest form has been filed with the US Securities and Exchange Commission. The latest purchases account for […]