Tag: Bitcoins

Bitcoin’s corrective phase could see BTC bears eye $93k-$95k: Bitfinex Alpha

boss

Bitcoin price could yet extend its losses after falling below $110,000, but according to analysts at Bitfinex, the benchmark digital asset’s cyclical floor could be in the $93,000–$95,000 region. Summary Bitcoin price has dipped more than 13% from its all-time high above $124k in August. Analysts at Bitfinex say BTC could yet dump to $93k-$95k area – a likely cyclical floor. Bullish catalysts, including macroeconomic shifts, institutional demand and regulatory developments will help bulls in the fourth quarter Bitcoin (BTC) has fallen sharply since it hit its all-time high, and…

Bitcoin’s Short-Term Fate Hinges On $112,000 Realized Price Level

boss

Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active…

Bitcoin’s Next Stop $183K? On-Chain Data Points to Explosive Cycle Peak

boss

Bitcoin remains under pressure after sliding from its all-time high above $124,000 earlier this month. At the time of writing, the asset trades at $110,219, reflecting a weekly decline of about 2% and a broader drop of more than 10% from its peak. Despite the correction, analysts continue to examine on-chain data for signs of the market’s next direction. Among the latest insights, CryptoQuant contributor CryptoOnchain highlighted the significance of the MVRV (Market Value to Realized Value) Price Bands, a long-observed metric used to assess market cycles. According to the…

Ethereum creeps higher in OKX balances as Bitcoin’s grip slips again

boss

While Bitcoin balances continue their months-long decline on the exchange, Ethereum deposits are quietly swelling. This divergence paints a clear picture of two competing asset narratives, with traders likely rotating into altcoins. Summary OKX publishes its 34th proof-of-reserves, confirming $33.7 billion in fully backed assets. Bitcoin balances continue to decline on the exchange while Ethereum deposits rise. XRP, Dogecoin, Solana, and major stablecoins also show strong backing above 100%. On August 29, crypto exchange OKX published its 34th consecutive monthly proof of reserves, verifying it holds all user assets with…

Block’s Jack Dorsey Endorses Bitcoin’s Primary Purpose: Payments

boss

Jack Dorsey, chairman and co‑founder of Block, reaffirmed his support for what he considers bitcoin’s primary function: payments. On social media, he liked a post that describes bitcoin as electronic cash for completing peer‑to‑peer payments. Jack Dorsey Endorses Original Bitcoin Vision: Electronic Cash for Payments While some have embraced bitcoin as a financial asset, others […] Original

Tether to Issue USDT Stablecoin on Bitcoin’s RGB Protocol

boss

The stablecoin issuer Tether announced plans Thursday to launch its USDT stablecoin on the RGB protocol, expanding native stablecoin support on Bitcoin. Tether Brings USDT to RGB, Enhancing Bitcoin’s Capabilities RGB is dubbed a next-generation protocol for issuing digital assets and smart contracts on Bitcoin and the Lightning Network. It operates primarily off-chain using a […] Original

Bitcoin’s “$124K Top” Fears Dismissed as 30/30 BTC Peak Indicators Stay Neutral

boss

Key takeaways: Bitcoin’s $124,500 high is unlikely to be the cycle top, with all 30 peak indicators still neutral. Recent losses show new investors capitulating as seasoned holders are unfazed. Holding above the 20-week EMA keeps Bitcoin’s path open toward $150,000. Bitcoin’s (BTC) retreat from its record highs is fueling concerns over whether the market has already peaked for 2025. But the so-called “$124K top” is nothing but “noise,” according to analyst Merlijn The Trader. 30/30 indicators hint Bitcoin has more room to rise In a Tuesday post, Merijn stressed…

No Bear Market in Sight? Bitcoin’s Bull Run May Stretch for Years

boss

Bitcoin is entering a multi-year bull phase, David Bailey asserts, driven by surging institutional demand, shrinking supply, and a tidal wave of untapped capital set to follow. No Crypto Winter in Sight? Bailey Sees Bitcoin in Multi-Year Bull Mode With Firepower Growing optimism around bitcoin’s long-term trajectory has intensified as advocates highlight rising institutional interest […] Original

Bitcoin’s Rollercoaster Ride Won’t Derail VanEck’s $180K View

boss

Bitcoin’s price action this month has left traders watching closely as big players double down on bullish calls. According to VanEck’s research, the investment firm has reaffirmed a $180,000 year-end target even after Bitcoin slid from a recent high, a sign that some institutional buyers are not backing away despite a pullback. Related Reading Institutional Buying Remains Heavy Reports have disclosed heavy accumulation in July. Exchange-traded products bought 54,000 BTC while Digital Asset Treasuries added 72,000 BTC, giving clear evidence that large holders continue to pile in. VanEck first laid…