Tag: Bitcoins

Whales are loading up on these 5 altcoins in anticipation of Bitcoin’s $70K breakout

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Bitcoin approaches $70,000, influential investors are quietly accumulating select altcoins, hinting at significant market shifts. Influential investors are quietly accumulating select altcoins as Bitcoin edges closer to the $70,000 mark. Their strategic moves hint at anticipation of significant market shifts. Which cryptocurrencies are drawing their attention, and why now? The recent activity suggests these investors foresee notable opportunities in specific digital assets, potentially signaling upcoming trends in the…

Ongoing Profit-Taking Could Slow Bitcoin’s (BTC) Move To Record High

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Long-term holders (LTH), defined by Glassnode as those holding coins or at least 155 days, could be the one taking profits, living up to their reputation of being smart traders or those that buy when prices are depressed and sell into a rising market. As of writing, LTHs hold only 500,000 BTC at a loss, which is a small fraction, considering they hold 14 million BTC as a cohort. Original

Bitcoin’s (BTC) Bullish Momentum Should Continue Into the U.S. Presidential Election and Afterwards

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Using an implied performance against a theoretical value, ETC Group found bitcoin could move up to 10% in either direction based on the election. Given the current spot price just shy of $68,000, a 10% upside move would mean a new record high, surpassing March’s $73,697. The team also found that the impact of the election would likely have the greatest effect on Cardano (ADA) and Dogecoin (DOGE), with a 18% and 20% moves, respectively. Original

How Crypto Investors Are Bracing for Volatility and What It Means for Bitcoin’s Future

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Until President Biden dropped out of the race in July, it seemed like Trump was the clear favorite within the crypto community. In the aftermath of the failed assassination attempt on July 12th, bitcoin jumped from $56,000 to $65,000, on the back of expectations that the former president would benefit from the incident. Trump’s view on crypto seems to have changed over the years. As president, he voiced skepticism over crypto, claiming that they could be used to facilitate illegal activities such as drug trafficking. He also mentioned at one…

Bitcoin’s (BTC) Inverse Ties With Dollar Index (DXY) Challenged as U.S. Election Looms

“The upside convexity on a Trump win is worth being long, and we are seeing market participants building positions in the lead-up. In the absence of an escalating crisis, we see BTCUSD at 70,000 in the coming weeks, continuing off current downside support, with equities breaking further highs,” crypto liquidity provider Zerocap’s Chief Investment Officer Jonathan de Wet said in an email. Source

QCP Capital: Bitcoin’s Potential for ‘Uptober’ Rally Mirrors Historic Election Trends

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QCP Capital analysts have noticed a significant rise in bitcoin (BTC), comparing it to similar patterns seen before past U.S. elections. Their latest report delves into the influence of historical price movements, current market dynamics, and upcoming events on the cryptocurrency’s future course. QCP Capital Eyes Bitcoin’s Election-Year Rally Potential In its latest review, QCP […] Original

Bitcoin’s Path To $80,000 “Melt-Up” In Q4 2024

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Este artículo también está disponible en español. In a recent memo shared with clients, Bitwise CIO Matt Hougan emphasized several factors that could cause Bitcoin (BTC) to “melt-up” to $80,000 in the last quarter of 2024. Factors To Propel Bitcoin To $80,000 Hougan highlighted three essential conditions that could push BTC to new all-time highs (ATH) in 2024. First, he pointed to November’s upcoming U.S. presidential elections, which could influence BTC’s future price trajectory. According to Hougan, anything other than a Democratic sweep would benefit the top cryptocurrency by market…

Bitcoin’s Non-Realized Profits Hit Negative Levels—What Does This Mean for Investors?

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As Bitcoin is currently still struggling to reclaim major highs, a recent analysis of its fundamentals has highlighted a possible buying opportunity for Bitcoin based on insights from the Non-Realized Profit metric. A CryptoQuant analyst known as Darkfost highlighted this metric’s importance in a recent post on the CryptoQuant QuickTake platform, mentioning what its trend means for investors. According to the analyst, the Non-Realized Profit metric offers a window into the unrealized gains or losses held by Bitcoin investors, which can influence future market movements. Understanding The Current Zone In…