Month: March 2024

Bitcoin Mining Firm CEO Predicts Start Of ‘Supercycle’

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In a series of statements made on X (formerly Twitter), Marc van der Chijs, the CEO of the publicly traded Bitcoin mining firm Hut 8, shared an optimistic outlook on the future of Bitcoin, suggesting that the cryptocurrency may be on the brink of a ‘supercycle.’ “I think I have never been more bullish about Bitcoin than I am right now,” he remarked, pointing to the cryptocurrency’s recent performance and the absence of widespread hype as a prelude to what he terms a ‘supercycle.’ Understanding the concept of a ‘supercycle’…

Bitcoin (BTC) Price Rise Beyond $69K Is Capped by Large Sell Orders on Binance

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Bitcoin breaks $69k, hits new all-time high

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Bitcoin’s value touched $69,045 after surpassing its previous peak of $69,000, hitting a new all-time high. The upward price trajectory marks an excellent recovery after a 28-month bear market slump, where it dropped by 77%. It took 846 days for the cryptocurrency to rebound from its low point, showcasing a 346% increase in value since its dip to just over $15,000 in late 2022. In 2024, Bitcoin (BTC) has seen a price surge of approximately 70%. After hitting this all-time high, Bitcoin quickly dipped below $67,000 and as of 10:50…

Here’s What Might Happen After BTC Hit a Record High

Historically, when bitcoin breaks an all-time high, prices tend to rally for the next few days: In 2020, it rose to $24,200 from $20,000 in a 48-hour period. It didn’t drop below $20,000 again until June 2022, in the midst of a bear market. In March 2017, bitcoin hit a high of $1,350 before dropping to $897 over the following two weeks. Then it started a run to an eventual high of $20,000. Source

Bitcoin Extreme Greed At Levels Higher Than Nov. 2021 Peak, Top Signal?

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Data shows the Bitcoin sentiment has now reached extreme greed levels higher than even those at the price all-time high (ATH) in November 2021. Bitcoin Fear & Greed Index Is Deep Inside Extreme Greed Territory Now The “Fear & Greed Index” is an indicator created by Alternative that keeps track of the general sentiment present among the investors in the Bitcoin and wider cryptocurrency market right now. The metric represents this average sentiment in the form of a score lying in the zero to hundred range. To calculate this score,…

Osprey Bitcoin Trust Looking for a Buyer or Possible Merger with Bitcoin ETF

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Bitcoin Price Soars To New All-Time High Above $69,000

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In a monumental milestone for the world’s leading cryptocurrency, the Bitcoin price has skyrocketed to an unprecedented all-time high (ATH), surpassing the remarkable threshold of $69,000.  Bitcoin Price Breaks Records The recent approval of spot Bitcoin exchange-traded funds (ETFs) on January 10 was a significant catalyst behind this surge. The market reacted with great excitement as the long-awaited decision by the US Securities and Exchange Commission (SEC) paved the way for greater accessibility and legitimacy of Bitcoin investments. Throughout 2023, the Bitcoin price exhibited a notable uptrend, starting from its…