Large bitcoin investors haven’t started to buy the dip yet, suggesting that the correction may continue for a while, an LMAX Group strategist noted. Bitcoin dipped to $59,900 for the first time since early March as cryptocurrencies slipped Wednesday. Order book data on key spot exchanges shows demand below $60,000, which could halt the decline.…
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March’s annual consumer price index in the U.S. was 3.5%, and Bitcoin reacted with a decline. Against this background, Bitcoin (BTC) experienced a sharp decline, reaching about $67,500. In monthly terms, according to the U.S. Department of Labor, inflation accelerated by 0.4% — significantly higher than the value from February. The Inflation Rate figure continued…
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The much stronger-than-expected inflows into the spot bitcoin exchange-traded funds (ETFs) have already caused concerns about a supply shock in the bitcoin market, potentially taking away some of the impacts of the halving. Bitcoin’s upcoming halving might not have as much of an impact on the price of bitcoin as seen in previous cycles, experts…
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WIF touched the $4 mark early Friday before retreating as the meme coin sector showed the most volatility in a little-changed market. Meme coins led by Solana-based dogwifhat surged, outpacing other niches such as DeFi and exchange tokens. Bets on DOGE-tracked futures jumped to a record $2 billion, and some trading firms warned of a…
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Table Of Contents Who else is buying bitcoin? Bitcoin’s next move taking shape Bitcoin inverse head and shoulders pattern playing out The five successive days of $BTC outflow, driven by the Grayscale Spot ETF selling, have now been cancelled out by a $418 million inflow on Tuesday. It’s now just a matter of time before…
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The London Stock Exchange will start trading Bitcoin and Ethereum exchange-traded notes in May. Starting April 8, the London Stock Exchange (LSE) will begin accepting listing applications for cryptocurrency exchange-traded notes (ETNs). The announcement follows the Exchange’s previous one and marks a significant milestone in integrating digital currencies into the U.K.’s financial market. Following the applications in…
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The gains were broad-based, with SOL and AVAX advancing more than 10% over the past 24 hours. Bitcoin took out the $70,000 level after a 10-day cool-off. The rally didn’t trigger mass short liquidations, suggesting there weren’t many market participants using leverage to bet on falling prices. Bitcoin could reach $83,000 after breaking upwards from…
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In anticipation of the forthcoming Bitcoin (BTC) halving event, thousands of outdated Bitcoin mining machines in the U.S. are being prepared for shipment to destinations abroad. According to Bloomberg, SunnySide Digital — a wholesaler in the crypto mining industry — is sending approximately 6,000 older Bitcoin mining machines to a warehouse it operates in Colorado Springs. The…
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Prominent Bitcoin (BTC) advocate and MicroStrategy Inc. chair Michael Saylor shared a chart on Saturday, March 23 comparing Bitcoin’s performance with traditional assets like the S&P 500, Nasdaq, gold, silver, and bonds. Saylor took it as an opportunity to assert Bitcoin’s supremacy in the investment landscape. According to the chart, Bitcoin has grown 432% in…
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U.S.-listed spot bitcoin ETFs are poised for their first week of net negative flows since late January. Bitcoin fell below $63,000 early during the U.S. session Friday amid a broader crypto sell-off. “It will take some time” until bitcoin recovers to $73,000, Galaxy CEO Mike Novogratz said at the Bitcoin Investor Day conference. ETF inflows…
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