PRESS RELEASE. A new project called Green Bitcoin (GBTC) saw a sudden burst of popularity around the time when the original Bitcoin (BTC) saw its massive price surge. While Bitcoin skyrocketed to an all-time high, Green Bitcoin — currently still in presale — managed to raise $6 million in only two weeks. Green Bitcoin’s presale […] Original
Category: Bitcoin News
$100K to $150K — Traders Target Six-Figure Heights With Long-Dated Bitcoin Call Options
Recent data reveals a significant uptick in open interest for bitcoin futures and options across various trading platforms in recent weeks. On Monday, insights from QCP Capital indicated a notable interest in long-term September and December bitcoin calls, aiming for the lofty six-figure price brackets. Confidence Soars With Bets on Bitcoin Exceeding $100K Just last […] Original
Bitcoin could face sell off if ETF inflows slow
Bitcoin ETFs in the U.S. saw record inflows last week, but 10x Research reports that analysts caution about possible price declines if demand falters. According to data from Farside Investors, the 10 ETFs collectively attracted $2.6 billion in new investments during the five days ending March 15. Most of these inflows occurred early in the week, with a surge from Monday to Wednesday driving BTC to new highs, nearly hitting $74,000. However, the momentum waned towards the end of the week, with only $133 million and $198 million of net…
Bitcoin long-term investors have started selling, potentially derailing $75k price rally
Bitcoin’s price started the week positively, rising to reach a daily peak of $68,884, but with BTC long-term holders booking profits ahead of the halving event, the rally could be short-lived. Original
Predicting Bitcoin’s Bull Run Values: Plan B’s S2F Model and Ledn CIO’s $92,000 Target
As bitcoin hovers around the $67,000 mark on March 18, 2024, there’s still widespread speculation about the potential for its price to climb even higher. The analyst Plan B continues to shed light on his well-known stock-to-flow (S2F) model, which suggests that “exponential growth” is expected to “continue.” Plan B: ‘S2F = Exponential Growth’ The […] Original
Bitcoin to reach $150k by end of 2024
Standard Chartered Bank has revised its forecast for Bitcoin’s price, anticipating a significant surge in value up to $150,000 by the end of 2024. Previously predicting a milestone of $120,000, this upward revision follows a period of “sharper-than-expected price gains” for Bitcoin (BTC). Furthermore, the bank envisions even more substantial gains in the following year, with a forecasted price of $250,000 for Bitcoin in 2025. The optimism is grounded in the anticipated impact of ongoing spot Bitcoin ETF inflows and the forthcoming Bitcoin halving event, factors expected to bolster the…
Hong Kong leaps into Ethereum ETFs amid Bitcoin ETF delays
Hong Kong is gearing up to introduce Ethereum ETFs, racing to beat the U.S. in the global crypto game, as Bitcoin ETFs face launch delays. Financial institutions in Hong Kong are racing to roll out Ethereum (ETH) exchange-traded funds (ETFs) before the U.S. does, aiming to establish dominance in the crypto market. Following the successful introduction of Bitcoin (BTC) spot ETFs in the U.S. in January 2024, Hong Kong is keen to leverage the growing demand for crypto investment products. Although Hong Kong began accepting applications for Bitcoin spot ETFs…
Bitcoin L2s Are Poised to Breakout, Stacks Creator Muneeb Ali Says
How do you hire and retain these people? How do you incentivize them? The rest of the blockchain ecosystem is actually pretty competitive. When we try to hire Core devs for Trust Machines, we compete with Solana Labs and Avalanche. It’s a very competitive market, but Bitcoin is missing in action. Like, they’re not even playing that game. There are a ton of lessons that can be taken from the rest of the industry that can be funneled into Bitcoin Core, that can make core development more efficient, better funded,…
Bitcoin Price Could Drop to $59K Amid Low BTC ETF Inflows, Analyst Says
“While this is an unpopular narrative, it would be expected to see inflows slow down after prices experience significant intraday volatility,” the report said. “Based on our reversal indicators, a retracement to $59,035 appears more likely, offering better risk-reward entry levels,” which would indicate another 10% drop from current BTC prices. Original
Where Is Nayib Bukele Actually Storing El Salvador’s Bitcoin?
“We’ve decided to transfer a big chunk of our Bitcoin to a cold wallet, and store that cold wallet in a physical vault within our national territory,” President Nayib Bukele, who made history by declaring bitcoin legal tender in September of 2021, said Thursday on X. With something like $400 million in bitcoins at stake, the mind reels with the possibilities of what just he means. Original