Bitcoin Repeating Bull Cycle Trend From 8 Years Back: Analyst

Well-known cryptocurrency analyst and trader Rekt Capital has revealed an intriguing finding regarding Bitcoin’s price trend in a recent analysis. His ground-breaking prognosis reveals that the crypto asset is mirroring historical price action that took place during a bull cycle eight years ago. Similar Historical Price Tendency In Bitcoin Rekt Capital asserted that the way Bitcoin is reiterating a past price trend from a cycle 8 years ago is amazing. Given the magnitude of the 2016 bull cycle, BTC could be poised for significant growth in the upcoming months. During the…

All spot Bitcoin ETFs see inflows, analyst doubts dynamics will repeat

All 11 spot Bitcoin ETFs saw inflows for the first time since the launch in January. According to Bloomberg analyst Eric Balchunas, such dynamics were recorded on May 3. However, he expressed doubts that such dynamics would ever happen again. First time ever 1D flows all green, no red for the Bitcoin Bunch. Not going to spike the football like some did during the outflow period but will point out that over 95% of the ETF investors HOLD-ed during what was a pretty nasty and persistent downturn. Will same happen next… pic.twitter.com/3l3uwwmqGy…

Crypto Whale Spends $10.4 Million On PEPE, Do They Know Something You Don’t?

A crypto whale’s transaction involving the third-largest meme coin by market cap, PEPE, has drawn the crypto community’s attention. The magnitude of the transaction, coupled with some other whale transactions, suggests that it may be high time to pay more attention to PEPE.  Crypto Whale Spends $10.4 Million On PEPE On-chain analytics platform Spotonchain revealed a wallet (3eAaAC3C9) that had purchased 1.238 trillion PEPE from Binance at an average price of $0.000008424 ($10.4 million). This wallet then proceeded to withdraw the tokens in two transactions. On-chain data shows that the…

cryptocurrency volatility spotlight on Bitcoin & altcoins

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Amid Bitcoin’s price decline and market volatility, analysts still see a glimmer of hope in the long-term potential of Bitcoin and other altcoins. Bitcoin’s journey in 2024 Bitcoin (BTC), the world’s leading cryptocurrency by market capitalization, began 2024 with solid momentum, bolstered by significant institutional interest and retail investments. However, it faced a substantial decline by April, falling to $57,000. This marked its most significant drop since April 2022,…

This Week’s Crypto Gainers: Worldcoin Leads Surge, ZBC and SEI See Largest Declines

Although last week saw some progress compared to the previous one, bitcoin has only experienced a slight 2% increase, whereas ethereum has incurred a 1.6% loss during the same period. Among alternative cryptocurrencies, worldcoin (WLD) emerged as the standout performer, surging by 32.4% against the U.S. dollar, while render (RNDR) experienced a notable spike of […] Source CryptoX Portal