Tag: Bitcoin

Bitcoin Records $75,000 All-Time High: Here’s If BTC Is ‘Overheated’ Now

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Here’s what the legendary Bitcoin Market Value to Realized Value (MRVRV) Ratio says about whether Bitcoin is currently overheated or not. Bitcoin MVRV Ratio Has Risen Alongside The Latest Rally In a CryptoQuant Quicktake post, an analyst has discussed about the MVRV Ratio of Bitcoin. The “MVRV Ratio” is an on-chain metric that keeps track of the ratio between the Bitcoin market cap and realized cap. The market cap here is just the total valuation of BTC’s circulating supply at the current spot price. The other metric, the realized cap,…

This Metric Points to Rotation From Gold to Bitcoin

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“Analyzing the BTC to gold ratio, we can see that the downtrend [indicative of gold’s outperformance since March] is starting to reverse. Globally, investors will increasingly focus on hedging against currency debasement and capitalizing on the Trump market play, both of which favor BTC,” Noelle Acheson, author of the Crypto Is Macro Now newsletter said. Original

Analysts Debate Bitcoin Next Move As BTC Hits $75K All-Time High

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Este artículo también está disponible en español. Bitcoin has experienced a notable surge in price, reaching an all-time high of $75,358 following the announcement that former US President Donald Trump has been reelected, becoming the 47th President of the United States. So far, the asset’s value has seen a nearly 10% spike in the past day before experiencing a slight correction, trading at $74,037 at the time of writing—a decline of approximately 1.1% from its peak earlier today. The dramatic price increase has prompted widespread discussion within the cryptocurrency community,…

Bitcoin ETFs log $621.9m inflows as BTC hits all-time high of $76K

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Spot Bitcoin exchange-traded funds in the U.S. recorded $621.9 million in net inflows on Nov. 6 as Bitcoin reached an all-time high of over $76,000. According to data from SoSoValue, the 12 spot Bitcoin ETFs saw net positive inflows on Monday, breaking a three-day outflow streak in which $712.9 million exited the funds. Fidelity’s spot Bitcoin ETF, FBTC, led the inflow surge with $308.77 million added to its holdings, breaking a four-day inflow streak. ARK 21Shares’s ARKB, Grayscale Bitcoin Mini Trust, and Bitwise BITB assisted with inflows of $127 million,…

Bitcoin Price Pushes Rally Further: Bulls in Full Force

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Bitcoin price is gaining pace above $74,000. BTC is trading in a bullish zone and might rise further above the $76,500 resistance zone. Bitcoin started a fresh surge above the $73,500 zone. The price is trading above $73,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $75,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to rise above the $76,000 resistance zone. Bitcoin Price Extends Rally Bitcoin price started a fresh surge…

This Crypto Analyst Correctly Predicted The Bitcoin Price Rise To $75,000, Here’s The Full Prediction

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Este artículo también está disponible en español. The Bitcoin price has hit a new All-Time High (ATH), marking a historical milestone in the crypto market. With a remarkable rally surpassing $75,000, Bitcoin is experiencing considerable momentum, driven primarily by market sentiment surrounding the US elections. A crypto analyst who had accurately predicted Bitcoin’s rise to $75,000 has now set a new price target for the pioneer cryptocurrency, anticipating further bullish movement. Analyst Set $170,000 Price ATH For The Bitcoin Price TradingShot, a crypto analyst on TradingView, has released a brief…

Bitcoin (BTC) Price Hits $76K as Crypto Liquidations Soar, Coinbase (COIN) Rockets 30% Higher on Trump Sweep

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“It’s hard to think how the election outcome could have landed better for the industry, and expectations of key regulatory improvements are likely to build in the coming months and quarters,” David Lawant, head of research at crypto prime brokerage FalconX, said in a Wednesday report. “Such clarity could open room for additional crypto ETF products, covering the main crypto assets and potentially also a broader crypto index, and give entrepreneurs and investors more comfort in U.S. token launches.” However, Lawant warned of short-term risks in the meanwhile, which may…

Bitcoin, crypto stocks surge as Harris congratulates Trump

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Crypto stocks surged sharply on Nov. 6 as Donald Trump’s victory for a second term as U.S. president bolstered the market’s bullish outlook. While cryptocurrencies have ripped in the lead up to the election as betting odds showed Trump was headed for victory, things got juicy on Election Day. Bitcoin (BTC) shot to above $75,000 before taking a breather. The Trump trade, which relates to conviction that markets would rip if the Republican candidate won, engulfed not just the top coin, but also altcoins. Ethereum (ETH) has jumped above $2,700,…