Day: February 13, 2024

Here’s what bitcoin’s chart says about its next moves after it breached $50,000 this week

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Bitcoin broke through $50,000 to start the week and although a stubbornly high inflation reading has pulled it lower since, the cryptocurrency is still in safe territory, according to chart analysts. On Monday, the cryptocurrency finished above $50,000 – at one point rising to $50,334.00, its highest level since December 2021. Technical analysts had expected this breakthrough last month , when bitcoin kicked off the new year with a rally that seemed to be heading toward $48,000. It’s retesting that level now, however, and it was due for the slight…

Bitcoin options traders anticipating new all-time high

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Crypto investors are targeting record Bitcoin prices with increased call options activity on the market. Data from Bloomberg Intelligence highlights a marked rise in the activity for call options expiring on Mar. 29 at strike prices of $60,000, $65,000, and $75,000. This comes despite Bitcoin having achieved its all-time high of $69,000 more than two years ago, in November 2021. A high activity level in the options market indicates significant speculative interest and strategic positioning among Bitcoin investors.  When traders heavily invest in call options at strike prices above the…

Expert Who Predicted 2021 Bitcoin Peak Expects $600k By 2026

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Tuur Demeester, a Bitcoin OG and researcher for Adamant Research shared his bullish outlook for Bitcoin via X (formerly Twitter), anticipating its price could escalate to between $200,000 and $600,000 by 2026. Demeester’s prediction is predicated on the influx of trillions of dollars through global bailouts and stimulus measures, which he believes will significantly propel Bitcoin’s valuation. He remarked via X (formerly Twitter), “In ’21 bitcoin topped at $69k. I’m targeting $200-$600k by 2026. Fueled by $ trillions in global bailouts/stimulus,” indicating a strong conviction in the cryptocurrency’s future amidst…

CPI Report Triggers Market Tumble: Stocks and Crypto Decline as Inflation Concerns Mount

On Tuesday, the U.S. Bureau of Labor Statistics released its Consumer Price Index (CPI) report, indicating a 0.3% rise in January. Following the release, all three major stock indices experienced a decline, Treasury yields climbed, and crypto assets took a hit, moving downward from their recent peaks. Stocks Dip, Crypto Slumps as January CPI Data […] Source CryptoX Portal

Spot Bitcoin (BTC) ETFs First Month Roundup

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In just a month, the bitcoin funds ex-GBTC have accumulated over $11 billion worth of bitcoin, with three of the ETFs – BlackRock’s IBIT, Fidelity’s FBTC and Ark 21’s ARKB – topping the $1 billion mark in assets under management. In fact, as of the end of Monday, IBIT was nearing $5 billion in AUM and FBTC was just shy of $4 billion. Original

Bitcoin Received $200 Million Investment From This Financial Giant

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According to a Reuters report, Founders Fund, the venture capital (VC) firm founded by billionaire Peter Thiel, is once again betting big on the flagship cryptocurrency, Bitcoin. The VC firm is reported to have made significant profits on their last Bitcoin investment and would be hoping that this next market cycle also brings immense rewards.  Founders Fund Already Made A $200 Million Investment In Bitcoin And Ether From late summer to early fall last year, Peter Thiel’s Founders Fund reportedly invested $200 million in the two largest crypto tokens by…

Polkadot holders accumulating Pushd, Bitcoin to break above $50k

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Investors are looking at Pushd (PUSHD) and Bitcoin (BTC). Meanwhile, Polkadot (DOT) holders are exploring the Pushd presale as analysts maintain that BTC will stay above $50k in the sessions ahead. Investors pick Pushd over Polkadot In the current market conditions, investors are cautious and looking to diversify.  Since DOT remains under pressure, some holders have been exploring alternatives, flowing into Pushd. Bitcoin likely to soar above $50k  Bitcoin…