Tag: btc

Bitcoin Bears Lose Control As BTC Net-Taker Volume Shifts Positive

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Este artículo también está disponible en español. Bitcoin has been on an impressive surge since early September, rising by 31% from local lows around $53,000. However, after testing the $69,500 supply level, the cryptocurrency faces selling pressure. Despite this, Bitcoin remains strong, holding above the previous high of around $66,000, a crucial level determining its next move. Related Reading Key data from CryptoQuant reveals that, despite recent bearish attempts, bears are losing control in the futures market. A key indicator has flipped bullish for the first time since July, suggesting…

Solana Stays Strong Despite BTC Drop – $176 Next?

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Este artículo también está disponible en español. Solana (SOL) is holding strong above the $160 mark after the broader market experienced a healthy dip to previous demand levels. Despite the dip, Solana has shown resilience, though the past few hours have been marked by short-term volatility with rapid price fluctuations. Investors are closely monitoring the next moves as Solana navigates this uncertain phase. Related Reading Top analyst Carl Runefelt recently shared a technical analysis suggesting a potential surge for SOL in the coming days, with a target of $176. His…

Bitcoin’s (BTC) Impending Golden Cross and Overhyped Concerns of Rising U.S. Treasury Yields

“Central banks think policy is tight and want to cut gradually. If employment cracks, they will cut fast. If employment bounces, they will cut less. Two months ago, bonds were pricing a strong possibility of falling behind the curve. Now the recession skew is gone, yields are up. That is not bearish risk assets and it doesn’t mean the Fed has screwed up,” Dario Perkins, managing direction, global macro at TS Lombard, said in a note to clients on Oct. 17. Source

Tesla didn’t sell its Bitcoin—could BTC payments be back on the table?

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Tesla might still be holding onto its $777 million Bitcoin stash after last week’s transfers to multiple new wallets, which sparked speculation that a sell-off could be forthcoming. In an Oct. 22 follow-up, Arkham Intelligence noted the recent movements of Tesla’s Bitcoin to multiple new wallets were likely just routine wallet rotations, and the 11,509 BTC is “still owned by Tesla.” 𝗨𝗣𝗗𝗔𝗧𝗘: 𝗧𝗘𝗦𝗟𝗔 𝗕𝗜𝗧𝗖𝗢𝗜𝗡 𝗪𝗔𝗟𝗟𝗘𝗧𝗦 We believe that the Tesla wallet movements that we reported on last week were wallet rotations with the Bitcoin still owned by Tesla. Tesla moved…

Analyst Says BTC Price Could Reach $230,000 If It Follows This Structural Path

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Este artículo también está disponible en español. A crypto analyst has projected a significant break to the upside for Bitcoin, drawing parallels to similar breakouts in traditional assets in the tune of the Gold and the S&P500. According to a technical analysis of the current price action, Bitcoin is playing out a cup and handle pattern, which could send it surging to bullish price targets above $230,000.  Bitcoin Cup And Handle Cascade According to a technical analysis, Bitcoin appears to be forming a textbook cup and handle pattern on the…

BTC Miner Core Scientific Expands Contract With Coreweave, Eyes $8.7B in HPC Revenue

Core Scientific has revealed that Coreweave has chosen to expand its high-performance computing (HPC) infrastructure by another 120 megawatts (MW), pushing the total contracted capacity to around 500 MW. Core Scientific and Coreweave Extend Partnership This contract extension could bring Core Scientific’s (Nasdaq: CORZ) total revenue up to $8.7 billion over the next 12 years. […] Source CryptoX Portal