Bitcoin’s correlation with Nasdaq 100 falls to 3-year low
Bitcoin’s correlation with the Nasdaq 100 has fallen to just 3% in June, down from the overall 60% in 2022. BTC price has outperformed the stock index year-to-date and over…
Valkyrie Investments suggests Bitcoin’s price could surge to $37k soon
Key takeaways Valkyrie Investments suggests that Bitcoin’s price could reach $37k soon. The potential rally could positively affect cryptocurrency projects like AltSignals. Bitcoin has been trading below $30k for the…
Don’t be fooled by Bitcoin’s recent calm, volatility is coming: Opinion
Key Takeaways Bitcoin has been tightly range-bound for last month, its 10% fall this week its biggest move since the banking crisis Dan Ashmore, our Head of Research, warns that…
Bitcoin’s YTD performance in danger should this pennant fail
Bitcoin’s YTD performance exceeds 80% Investors were betting on a pennant formation in March The 28k level invalidates the bullish formation Bitcoin price bounced from the 2022 lows right from…
1 in every 138 Bitcoins are now owned by MicroStrategy, but it doesn’t make much sense
Key Takeaways MicroStrategy has purchased another thousand Bitcoin, taking their holdings to 140,000 at an average price of $28K The total investment is now $4.2 billion, with the company’s fate…
Bitcoin’s break to $25k “could be latter stages of gruesome bear market”
Bitcoin price broke above $22,500 to new highs above $25,000 amid the hunt for short stops and liquidations. The move to $25k resulted from short liquidations of over $155 million.…
Bitcoin’s on-chain metrics are flipping bullish: Bitfinex report
Bitfinex market report points to bullish metrics for BTC Supply in Profit, Bitcoin Realised HODL (RHODL) Multiple and Reserve Risk ratio are all flashing green. Bitcoin has traded to above…
A net flow of 200,000 bitcoins leaves exchanges following FTX collapse, as trust broken
Key Takeaways Exchanges balances are lower by nearly 200,000 bitcoins compared to pre-FTX, as customers have lost all trust in exchanges This trumps the Celsius insolvency of June, where 128,000…
Bitcoin’s choppy pattern continues. Here is why the next breakout could be catastrophic
Since breaking below $19,000, Bitcoin (BTC/USD) has been unable to recover to the crucial psychological level. As of press time, the cryptocurrency trades slightly above $16,000, the level it bottomed…
Reports of Bitcoin’s death are greatly exaggerated- HC Wainwright
HC Wainwright’s assessment of bitcoin’s future potentiality comes in the wake of Bitcoin 2022 held in Amsterdam from October 12-14. Bitcoin price may be stuck around $20,000 and miners in…