Tag: Bitcoin

53% Of Binance Traders Are Shorting Bitcoin – What Does This Mean For Price Action?

boss

Este artículo también está disponible en español. After several weeks of sustained upward momentum, Bitcoin is currently holding above $66,000. The price has recently encountered resistance at the crucial $69,000 level, which is expected to take time and significant liquidity to overcome.  Key data from Binance reveals that more than half of futures traders have shorted BTC in the past few hours, creating a divisive environment for price action. Related Reading The futures market often serves as a barometer for momentum and liquidity, signaling potential shifts in Bitcoin’s price movement.…

‘All Roads Lead to Inflation’ — Why Legendary Investor Paul Tudor Jones Is Betting on Bitcoin

boss

Veteran investor Paul Tudor Jones shared his thoughts on CNBC this past Tuesday, confidently stating that he’s sticking with hard money like gold and bitcoin. In his view, any other option leads straight to inflation. What’s Driving Paul Tudor Jones’ Latest Push for Bitcoin, Gold and Commodities? Jones is optimistic about both gold and bitcoin, […] Original

A Major Improvement to Bitcoin Cash Will Smash Developer Bottlenecks

boss

Andrei Terentiev, CTO of Bitcoin.com, explains why Bitcoin.com has thrown its full support behind Bitcoin Cash Improvement Proposal 2021-05. CHIP-2021-05 Gains Bitcoin.com’s Support With Promise Of A New Era for Bitcoin Cash Smart Contracts Bitcoin.com endorses Bitcoin Cash Improvement Proposal (CHIP) 2021-05 VM Limits: Targeted Virtual Machine Limits. The current VM limits, while necessary for […] Original

Expert Sets $285,000 Bitcoin Target Based On Quantile Model

boss

Este artículo también está disponible en español. Sina—a professor, consultant, and co-founder & COO of 21stCapital.com—is projecting that the Bitcoin price could rise as high as $285,000 by the end of 2025 in a new analysis shared on X. Utilizing a quantile regression model, Sina identifies distinct phases in Bitcoin’s market cycle. Can Bitcoin Price Skyrocket Above $200,000? The model identifies the Cold Zone (<33%) as the price range between $55,000 and $85,000. This zone represents the lowest possible range by the end of 2025 and suggests a period ideal…

After profiting from Bitcoin, this trader shares these 5 memecoins to build a $50M portfolio

boss

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. After success with Bitcoin, a savvy trader shifts to memecoins, aiming to turn $500 into $50 million with five promising picks. After reaching remarkable success with Bitcoin, a savvy trader is now shifting focus to memecoins. With a bold plan to turn $500 into a $50 million fortune, this individual has identified five promising tokens. This article uncovers which coins are primed for growth and could become the next…

Institutions hold $13b of Bitcoin ETF shares

boss

U.S. Bitcoin exchange-traded funds have captured institutional demand after legacy firms initially expressed skepticism toward Wall Street’s new crypto asset class. American institutions have acquired $13 billion worth of spot Bitcoin (BTC) ETF shares since trading opened in January, CryptoQuant CEO Ki Young Ju said on Oct. 22 via X. Citing Form 13F filings, a quarterly document wealth managers use to disclose U.S. equity holdings, Young Ju noted that 1,179 institutions have amassed 193,064 BTC in 10 months. Traditional finance juggernauts like Millennium Management and Jane Street control 20% of…

Here’s Why The Bitcoin Price Saw Sharp Crash Below $67,000

boss

Este artículo también está disponible en español. The Bitcoin price briefly crashed below $67,000 on October 21, although it quickly reclaimed this level as support before the daily close. This price decline is believed to be due to its correlation with the stock market, which also experienced a drop of its own.  Why The Bitcoin Price Dropped Below $67,000 The Bitcoin price dropped below $67,000 primarily thanks to its correlation to the US stock market. IntoTheBlock data shows that the correlation between the flagship crypto and the S&P 500 is…