The leading cryptocurrency eased to $103K on Tuesday afternoon after climbing as high as $107K following a breakthrough in Congress to end the ongoing government closure. Government Shutdown or AI Bubble? The Reason Bitcoin is Down Japanese investment giant Softbank reported on Tuesday that it had offloaded its entire $5.83 billion stake in Nvidia, sending […] Source CryptoX Portal
Macro investor Dan Tapiero remains convinced that Bitcoin (BTC) is on track to reach $180,000 as part of its current bull cycle, but warns that a major correction could follow once the rally peaks. Despite recent risk-off sentiment and heavy selling from long-term “OG whales,” Tapiero insists the bull market remains intact. “I think the macro backdrop is still positive,” he said in an interview with Cointelegraph. According to Tapiero, the latest all-time high didn’t fully reflect the “fundamental improvements” in Bitcoin’s ecosystem or the increasingly favorable macro environment supporting…
Markets are entering a stabilization phase, with altcoins ready for upward momentum once Bitcoin picks up steam, says Wintermute analyst Jasper De Maere. Summary For altcoins to recover, Bitcoin likely needs to reach a new ATH Bitcoin has traded steadily in the $105k to $107K range, about 16% below its record levels Altcoins were up, but gains were uneven, showing a sign of low conviction The crypto market has entered a stabilization phase. However, sentiment remains cautious, and not bullish, said De Maere, Wintermute’s OTC desk strategist. This means that…
Financial analyst Jordi Visser’s Substack essay “Bitcoin’s Silent IPO” argues that Bitcoin’s sideways trend mirrors an IPO phase, what does it mean? Summary According to Visser, Bitcoin is not in a bear market as fundamentals are favorable. He explains relatively poor performance by the ongoing redistribution of wealth in Bitcoin: early investors are cashing out (it became possible thanks to high liquidity), and new investors are more cautious. Visser says such market dynamics are normal for a company conducting an IPO, which is rather a maturation point, not a failure.…
Matrixport analysts noted that the recent Bitcoin rebound back to $105,000 remains to be tested as indicators point to a possible pull-back despite short-term catalysts. Summary Matrixport warns of a limited rebound period for Bitcoin plagued by brief consolidation and possible pullbacks despite short-term catalysts like the potential end of the U.S. government shutdown and proposed stimulus payments. The analysis platform also noted that Bitcoin has seen weak institutional inflows and continued ETF outflows that could serve to limit Bitcoin’s recovery momentum. In a recent post, the on-chain analysis platform…
Bitcoin-focused ETFs recorded their largest single-day outflow since August, pulling a combined $558 million from the market as prices hovered near $102,000. Data from SoSoValue shows the move pushed some big funds into the red for the day and sent fresh signals that traders are rebalancing after recent gains. Fidelity And Ark Lead Outflows Fidelity’s FBTC saw the biggest withdrawal at $256 million. Ark Invest And 21Shares’ ARKB followed with $144 million in redemptions, a record relative to that fund’s size. BlackRock’s IBIT also recorded $131 million of outflows, marking…
Bitcoin has fallen below the $100,000 threshold for the first time in months, and data published by Cryptoquant researchers suggest the move may echo signals that preceded the 2022 bear market. Bitcoin’s Price Action Mirrors 2022 Bear Market Setup, Cryptoquant Cautions According to Cryptoquant’s report this week, the firm’s Bull Score Index dropped to zero […] Original
The Quantum Doomsday Clock, an initiative that seeks to time the exact moment when bitcoin as we know it today falls to quantum superiority, is predicting this event will happen 2 years and 4 months from now. Quantum Doomsday Clock Puts Bitcoin Downfall Just 2 Years Away The Facts While speculations about the dangers of […] Original
Key takeaways: Bitcoin analyst Timothy Peterson expects two to six months for recovery, though forecasts remain divided. One model cites historical price action breakout phases from 2017, 2021 and 2024. Bitcoin’s (BTC) recent correction has tempered bullish enthusiasm, with analysts now projecting a slower path toward new highs. Since reaching an all-time high of $126,200 on Oct. 6, Bitcoin (BTC) has dropped roughly 20%, currently hovering under the $100,000 mark. According to network economist Timothy Peterson, this pullback aligns with Bitcoin’s historical recovery patterns. Peterson explained, “This is the third…
Bitcoin and crypto are primed for a monumental comeback as U.S. monetary expansion accelerates, with surging Treasury debt and Federal Reserve liquidity injections setting the stage for an explosive new bull cycle across digital assets. Arthur Hayes Predicts Bitcoin Boom Fueled by US Liquidity Surge Arthur Hayes foresees a powerful resurgence in bitcoin and crypto […] Original