Tag: Bitcoins

Bitcoin’s recent weakness signals an imminent S&P 500 correction, according to Stifel

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Bitcoin’s recent weakness could be signaling an upcoming correction in stocks, according to Stifel’s chief equity analyst Barry Bannister. Bitcoin reached its all-time high of $73,797.68 on March 14 before quickly correcting and it has struggled to hold the $70,000 mark since, barring a handful of blips. On Thursday, the S & P 500 briefly touched 5,500 for the first time ever after notching its most recent record close earlier in the week. Historically, the S & P 500 averages flat for about six months after bitcoin peaks and past…

Unveiling Bitcoin’s Drop To $65,000: Here’s How Much BTC Miners Sold

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Bitcoin has faced a significant amount of selling pressure over the past week, according to the latest on-chain data. Expectedly, this bearish pressure has had a notable impact on the price of the premier cryptocurrency. According to data from CoinGecko, the value of Bitcoin has declined by nearly 5% in the past seven days. On Friday, June 14th, the BTC price fell to around the $65,000 level — its lowest level in nearly a month. Bitcoin Miners Offload Over 1,200 BTC In One Day In a recent post on the…

Analyst Who Correctly Predicted Bitcoin’s Surge And Crash Reveals Where Price Is Headed Next

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Crypto analyst TechDev has provided insights into the Bitcoin future trajectory. The analyst suggested that the flagship crypto has yet to reach its full potential in this market cycle and that more price surges lie ahead for the crypto token.   Not Yet Time For A Bitcoin Blowoff Top TechDev remarked in an X (formerly Twitter) post that the Bitcoin blowoff tops only happen after the four-week Chaikin money flow (CMF) breaks a line he highlighted on the accompanying chart. His analysis suggests that Bitcoin is still bound to make a…

Research analyst at Fineqia discusses the impact of spot ETFs on Bitcoin’s market dynamics

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Crypto.news recently sat down with Matteo Greco from Fineqia International to discuss the current state of the Bitcoin ETF market and what we can expect looking ahead. Bitcoin has emerged as one of the top-performing assets of the past decade.  It has transcended beyond its status as a lesser-known peer-to-peer payment system, catalyzing the creation of an entirely new asset class that now boasts a market capitalization exceeding $1 trillion. With the approval of 11 spot Bitcoin ETFs in January 2024, traditional investors now have an easier route to gain…

Bitcoin’s Path To $300,000 Cleared By Bullish Pattern: Analyst

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According to an analysis shared by renowned crypto analyst Gert van Lagen, the Bitcoin price chart has illustrated a significant technical pattern in the 3-day chart (BTC/USD) that could potentially signal an upsurge to as high as $300,000. Known as the “Cup with Handle,” this pattern is celebrated among traders for its predictive reliability and bullish implications. Unpacking The Massive Bitcoin Cup And Handle Pattern The Cup with Handle is a bullish continuation pattern that resembles a teacup on a chart. This pattern is formed when the price initially drops…

Pompliano discusses Bitcoin’s transformative impact at Consensus 2024

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At Consensus 2024, renowned Bitcoin advocate Anthony Pompliano shared his perspectives on Bitcoin’s new landscape and its far-reaching utility. The panel discussion highlighted Bitcoin’s impact on societal acceptance, the financial system, economic incentives, Wall Street’s changing stance, and educational role. Shift in Societal Acceptance “There’s been an acceleration of those people. It’s no longer celebrities, musicians, etcetera. We’re now talking about the President of the United States, some of the most powerful people on Wall Street are saying this is real,” Pompliano said. President Donald Trump has been the biggest…

You can’t argue with Bitcoin’s success

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Martin expressed optimism about Bitcoin ETFs, highlighting their potential and the resources they’ve already brought to Wall Street Lynn Martin, president of the New York Stock Exchange Group, expressed this optimism at Consensus 2024 when asked about the launch of Bitcoin (BTC) ETFs and the potential they hold for Wall Street. She cited the resources they have already brought to the market. “We’ve been having conversations with the SEC for more than six years about Bitcoin ETFs,” Martin said in an interview. “I think you can’t argue with the success…

Bitcoin’s current landscape echoes mid-2020, CryptoQuant CEO says

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The head of blockchain analytics firm CryptoQuant Ki Young Ju says the current volatility and on-chain activity resembles the timeframe when Bitcoin was trading at $10,000. According to Ki Young Ju, the current landscape of Bitcoin‘s price development resembles that of the mid-2020 timeframe, during which the largest cryptocurrency by market value remained around the $10,000 mark for several consecutive months before surging beyond the $60,000 mark. In an X post on May 31, the CryptoQuant CEO noted that despite the relatively low price volatility, on-chain activity remains robust, with…