Tag: Bitcoin

Bitcoin Power Laws Predicts When Price Will Hit $1,000,000

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A crypto analyst, Zynx, on the X (formerly Twitter) platform, has shown where the Bitcoin price might be headed over the next few years using the Bitcoin Power Law. This law shows a steady upward trajectory, putting into perspective the performance of Bitcoin over a long period of time. Using this Power Law, the crypto analyst lays out the first prediction, and that is that the Bitcoin price will end up hitting $145,000 in 2026. This would mean that the digital asset would complete an over 100% rally in order…

BlackRock adds $900 million in Bitcoin as ETF demand rises

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BlackRock has added more than $900 million worth of Bitcoin over five days, according to data cited by Arkham Intelligence.  Summary BlackRock purchased over $900 million in Bitcoin across five days as ETF demand accelerated sharply. The asset manager accounted for more than 90% of weekly Bitcoin ETF market inflows. Falling exchange Bitcoin reserves continued to fuel supply shock concerns as institutional accumulation gained pace. The purchases came as demand for Bitcoin investment products increased across the market. The buying activity made BlackRock the largest contributor to weekly inflows in…

Bitcoin Bollinger Bands Setting Up BTC Price for ‘Powerful Move’

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Bitcoin (BTC) could see further upside volatility as several technical indicators suggested the BTC price was due for a “powerful“ upward move. Key takeaways: Bitcoin’s Bollinger Bands indicator now sees the potential for a massive price breakout. BTC price needs to overcome resistance at $80,000 for more upside.  Bollinger Bands suggest Bitcoin’s “bull run is next” Bitcoin’s Bollinger Bands have reached their tightest point ever on the monthly time frame, signaling that volatility should be expected soon. Related: Bitcoin ‘Bull Score’ hits six-month high as 2022 bear-market fears linger Bollinger…

Bitcoin Bottom At $63,000? Grayscale Research Flags Feb. 5 As This Cycle’s Low

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Bitcoin (BTC) may be starting to shake off the worst part of the downturn that began in October last year, according to new research from Grayscale. The firm points to Feb. 5—when BTC traded around $63,000—as a “durable” market bottom.  Potential Start Of A New Bitcoin Bull Market In Grayscale’s view, the rebound since that low has been meaningful. The firm’s Head of Research, Zach Pandl, said the BTC price bottomed at roughly $63,000 and has since climbed more than 20%, reaching about $76,000.  That level, he noted, is slightly…

Bottoming Developments Continue for Bitcoin, XRP Price Chart and Altcoins as Market Awaits Volume

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Blockchain Backer Newsletter – Blockchain Backer’s Technical Analysis Toolkit for Crypto – Blockchain Backer 702 Digital Art NFT Collection on XRP – Hi, I am the Blockchain Backer, bringing you the latest cryptocurrency news and analysis. The content of my channel primarily focuses on crypto news, motivation, and chart analysis on the XRP chart, Bitcoin chart, various Altcoin charts, and market cap charts. DISCLAIMER: I am not a financial adviser. Investing and trading is risky, and you can lose your money. The…

Bitcoin Bull Score Index Rebound Fails to Quash 2022 Bear Market Fears

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Bitcoin (BTC) price metrics are showing relief this month, but the risk of repeating the 2022 bear market remains. Key points: Bitcoin’s Bull Score Index combined price metric reaches its highest levels since October last year. The relief may be short-lived, analysis warns, pointing to the 2022 bear market. Crypto sentiment reaches its most bullish since January, per the Crypto Fear & Greed Index. Bitcoin Bull Score Index ditches “bearish” zone New data from onchain analytics platform CryptoQuant place the spotlight on the Bitcoin Bull Score Index (BSI). Bitcoin has…

Greek Firm Warns of Bitcoin Fraud as Vessels Face Military Fire in the Strait of Hormuz

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Key Takeaways: MARISKS reports unknown actors are extorting shipping firms for bitcoin and USDT to bypass the blockade. At least one tanker was hit by Iranian gunfire on April 18 after paying scammers for “safe passage.” Future maritime security remains uncertain as 20,000 seafarers await the outcome of 2026 ceasefire talks. Fraudulent Passage Offers According to the Greek maritime risk management firm MARISKS, unknown actors have been targeting shipping companies with messages promising safe passage and clearance through the Strait of Hormuz. The messages claim to represent Iranian security services…

Bitcoin rally continues as Grayscale calls bull market

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As Bitcoin price continues to march higher towards $80,000, Grayscale researchers believe the asset has likely already formed a market bottom and is entering the early phase of a new bull cycle. Summary Bitcoin price climbed to a 10-week high above $78,000 after U.S. President Donald Trump extended the Iran ceasefire, easing geopolitical tensions. Grayscale Research said on-chain data points to a market bottom, with short-term holders nearing breakeven and sell pressure declining. Bitcoin futures open interest rose 5.6% to $60 billion, signaling increased bullish positioning as traders anticipate further…

Bitcoin Price Surges to $77,500 High as Trump Ceasefire Extension Lifts Market

Bitcoin price traded at $77,541 on Wednesday morning, up +2.2% over 24 hours and +4.3% on the week, after President Trump announced an indefinite extension of the Iran ceasefire and Strategy disclosed a $2.54 billion BTC acquisition – its largest single purchase in 17 months. The two catalysts arrived in close sequence, compressing what had been 46 days of funding rate suppression into a sharp repricing across crypto markets and traditional equities alike. Fox News reports on Iran and Israel ceasefire agreement. The analytical question is no longer whether Bitcoin…

How Coinbase is Blurring the Line Between Wall Street and Web3

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In today’s Markets Outlook, Coinbase Head of Consumer and Platform Business Development Mark Troianovski joins CoinDesk’s Jennifer Sanasie to unveil the platform’s massive expansion into 24/5 stock and ETF trading for US users. He breaks down the vision for an “everything exchange” that blends crypto, equities, and prediction markets. – Timestamps: 01:10 – Coinbase Launches Stock Trading to U.S. Customers 02:40 – Coinbase’s Partnership with Yahoo! Finance and Integration 03:55 – Will AI Agents Trade Stocks and Crypto for You? 05:14 –…