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Key takeaways:Bitcoin traded above short-term holder cost basis at $114,000, signaling recovering demand and potential for further gains.Analysts said Bitcoin could continue its uptrend, with targets above $150,000.Bitcoin price reclaimed the $115,000 level on Monday, recouping some of the losses fâŚ
By Dow Jones Newswires StaffU.S. stock futures pointed to a slightly higher open Tuesday, as earnings continue to roll in and ahead of Wednesday's Federal Reserve rate decision. There was a mixed picture across global stock markets, with most Asian markets closing lower and modest gains early in EurâŚ
Key points:Bitcoinâs speculative investor base now has an aggregate buy-in price of above $100,000.Profit-taking ramps up as $3.5 billion is realized in just 24 hours.The mystery owner of a 14-year-old BTC wallet sends 40,000 BTC to Galaxy Digital.Bitcoin speculators hit a new milestone as their agâŚ
The on-chain analytics firm Glassnode has highlighted the $97,000 to $98,000 zone as an important one for Bitcoin. Hereâs why.Bitcoin CBD Suggests Build Up Of Supply In This RangeIn a new post on X, Glassnode has discussed about a potentially significant zone for Bitcoin based on the Cost Basis DistâŚ
BlackRock's iShares Bitcoin Trust (IBIT) saw record outflows of $418.1 million on Wednesday as bitcoin (BTC) dropped to around $82,000.All U.S. spot-listed exchange-traded funds saw a total outflow of $754.6 million. According to Farside data, there have been $3.6 billion of outflows since Feb. 7.CoâŚ
As per the latest insights from CryptoQuant, Bitcoin $BTC MVRV ratio signifies that the price is far from being overstretched in comparison with the cost basis.
The surge was likely driven by the U.S. Federal Reserveâs 50-basis-point interest rate cut, Head of Research James Butterfill said.
A 25-basis-point Fed rate cut next week could trigger a sell-the-news reaction for risk assets like bitcoin, according to an economist.