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Bitcoin risks starting its next multi-year downtrend this year as a basket of BTC price indicators nears sell-off territory.New research from onchain analytics platform CryptoQuant published on Jan. 24 warns that the Index of Bitcoin Cycle Indicators (IBCI) is hinting at the end of the Bitcoin bull…
After testing the low $90,000 price level multiple times over the past two months, Bitcoin (BTC) briefly broke out of its tight trading range earlier this week, reaching a new all-time high (ATH) of $108,786. However, a recent report by Glassnode suggests that the sustained consolidation observed in…
MicroStrategy, the largest corporate holder of Bitcoin, announced a fresh purchase of 11,000 BTC.On Jan. 21, MicroStrategy officially disclosed its latest Bitcoin (BTC) purchase, costing $1.1 billion in cash at an average price of about $101,191 per BTC.The purchase was made during the period betwee…
Bitcoin, along with other cryptocurrencies and the newly launched token associated with Donald Trump, declined on Tuesday as the president’s initial policies post-inauguration failed to address the crypto market. Bitcoin had reached a record high of over $109,000 on Monday ahead of Trump’s swearing-…
With a recent break above a crucial resistance level close to $102,000 Bitcoin is still gaining ground. Although this move suggests that the asset is once again strong a significant test is still ahead as Bitcoin gets closer to a crucial psychological and technical barrier at $105,000. A favorable m…
A crypto trader says Bitcoin will likely blow past the $150,000 price target that some have tipped for in the current cycle — calling it “silly low” given its likelihood of being adopted by many more nations, funds, and corporations in the coming years. “There is absolutely no reason for us to stop …
After surging past $90,000 for the first time on November 12, 2024, Bitcoin (BTC) has been trading within a broad range between $91,000 and $108,000. However, some analysts remain optimistic that BTC is poised to break out of this range to the upside following what they describe as a ‘final capitula…
Demand for US Bitcoin ETFs has significantly increased as we enter 2025, signifying a notable reversal following a lackluster start to the year.Based on recent figures from Glassnode, net inflows for the week ending January 6 amounted to 17,567 BTC, equivalent to around $1.7 billion. This increase s…
XRP price registered a bullish break of structure on the daily chart on Jan. 11 after the altcoin reached a high of $2.60. Since then, the price has dipped as low as $2.33 on Jan. 13 but swiftly recovered a position above $2.45 within the trading day.XRP is currently the third largest cryptocurrenc…
Asset manager BlackRock is launching a new Bitcoin exchange-traded fund (ETF) on Cboe Canada, the Canadian securities exchange said on Jan. 13. The ETF is designed to give Canadian investors access to BlackRock’s flagship US spot Bitcoin fund, iShares Bitcoin Trust (IBIT). It will invest “all or su…
Semler Scientific has bought an additional 237 Bitcoin for approximately $23 million, or just over $98,000 per coin, the healthcare technology company said on Jan. 13. It bought the BTC using proceeds from stock sales and operating cash flow. The company now holds a total of 2321 BTC, worth nearly …
Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy and Semler Scientific .Michael Saylor's MicroStrategy has increased its bitcoin holdings for the tenth consecutive week.In the week ending Jan. 12, MicroStrategy purchased 2,530 BTC for $243 million, bringing its total holdi…