Tag: High

Bitcoin Price Briefly Spikes towards $30K Following False Alarm on Spot ETF Approval Leading to High Liquidations

While experts forecast the US SEC will approve a spot Bitcoin ETF within the next six months, the BlackRock’s officials confirmed that it has not received a green light on its application. Bitcoin (BTC) price experienced heightened volatility on Monday, which briefly pushed the mothercoin towards $30k. However, Bitcoin price had since stabilized around $28.2k on Tuesday, but notable damage had already been done to leverage traders. According to market aggregate data provided by Coinglass, more than $111 million was liquidated from the Bitcoin market in the past 24 hours.…

Bitcoin Price Shoots to $28,000 amid High Whale Activity, Altcoins Join Party

The developments between US SEC and Grayscale over the past weekend led to whales accumulating Bitcoin in huge numbers. Over the last week, the world’s largest cryptocurrency Bitcoin (BTC) gave a strong breakout moving all the way to the $28,000 level. As of press time, the BTC price is up 3.8% trading at $27,904 with a market cap of $544 billion. The recent price rally comes as the US Securities and Exchange Commission (SEC) decided not to challenge the court ruling that allowed Grayscale to convert its GBTC to a…

2023’s Blockchain Gaming Investments: Riding High Or Losing Steam?

Although the overall crypto market has displayed bearish sentiment throughout 2023, investments in blockchain gaming projects painted a contrasting picture.  Data from the decentralized app tracking platform DappRadar reveals some intriguing insights about the flow of capital into the blockchain gaming sector. Even as crypto markets remained volatile, the commitment from investors toward gaming projects persisted. A Deep Dive Into The Investment Trends Blockchain gaming has attracted significant capital this year with the potential to make changes in the financial and entertainment sectors. DappRadar reported that the blockchain gaming space…

Bitcoin analyst claims new all-time high is coming

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Crypto markets have faced a turbulent last year, with major cryptocurrencies like Bitcoin and Ethereum dropping significantly from their all-time highs. However, according to YouTube crypto analyst Jason Pizzino, there are signs the markets may be bottoming out and are positioning for a potential recovery in 2023-2024. In his latest video analysis published on Oct. 13th, Pizzino points to the S&P 500 stock market index as a precursor to trends in crypto markets. He notes the S&P 500 has formed higher lows in August and October of this year, suggesting…

Bitcoin price drops below $27k despite high social volume

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Bitcoin (BTC) has been tumbling over the past three days as the war in the Gaza Strip took off. While the asset’s price fell below the $27,000 mark, Santiment data shows high social volume. Bitcoin’s price fell by 0.7% in the past 24 hours and is trading at around $26,900 at the time of writing. The flagship cryptocurrency witnessed a 2.7% decline over the past week. However, BTC’s 24-hour trading volume has surged by 7.6%, reaching $12.4 billion with a total market capitalization of roughly $525 billion. BTC price, whale…

Bitcoin Supply Metric Touches New All-Time High, Time For Reversal?

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Bitcoin has been named the best performer among asset classes in 2023, but the cryptocurrency is still struggling to break new levels in its price. Despite the current bearish sentiment, many analysts have hinted and predicted a bull run in the coming months, especially as the market awaits the approval of a spot Bitcoin ETF.  This has probably prompted many investors to hold on to their coins, as on-chain metrics have shown that the amount of Bitcoin supply idling recently reached a new all-time high.  Unmoved Bitcoin Supply Reaches Record…

Bitcoin dominance hits 3-month high as ‘hammered’ altcoins risk dive

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Bitcoin (BTC) ground higher on Oct. 10 after the start of legacy market trading saw “de-risking” take over. BTC/USD 1-hour chart. Source: TradingView Bitcoin price preserves weekly support Data from Cointelegraph Markets Pro and TradingView showed BTC price stability returning ahead of the Wall Street open. Bitcoin bulls had lost their footing as the week began, with BTC/USD heading to $27,300 before reversing to trade near $27,700 at the time of writing. “Overall there’s been a lot of market de-risking into $27.4K – $27.3K,” popular trader Skew wrote in part…

Binance’s CZ expects Bitcoin to hit new all-time high in 2025

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As Bitcoin halving approaches, the Binance boss doubts that BTC will reach a new maximum by the end of 2024. The crypto community should brace for a long recovery as Binance CEO thinks Bitcoin (BTC) won’t hit a new all-time high (ATH) sooner than 2025. In a blog post on Binance Feed, the exchange’s head, Changpeng Zhao (CZ), said the market will face “anxiety, expectations, hype, hope” as the halving approaches. Based on his experience, CZ says the bitcoin price won’t double overnight the day after the halving. However, once…

Crypto Investor Buying Power Just Reached A 6-Month High, What This Means

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For the crypto market to fully enter another epic bull run, investors must be willing to purchase digital assets in large quantities. After a long stretch of abysmal performance, it looks like crypto investors are finally starting to believe in the market as they begin to pool their buying power to enter back into the market. Crypto Buying Power At 6-Month Highs An interesting development reported by the on-chain data tracker Santiment is the accumulation of Tether’s USDT stablecoin by crypto investors. As Santiment points out, the total amount of…