Following the recent surge in Bitcoin’s price, long-term holders are once again in profit. According to a market report by Glassnode, the total volume of long-term holder (LTH) supply held in loss is negligible, with only 0.03% of LTH acquiring above Bitcoin’s current price. These long-term holders purchased their Bitcoin holdings at the 2021 cycle
Bitcoin
The US spot Bitcoin Exchange-Traded Funds (ETFs) have been experiencing a surge in inflows, setting a record with 17 consecutive days of net additions. A notable Tuesday saw these ETFs receive an impressive $886.6 million, making it the second-highest single-day inflow since their inception. Following this, another substantial inflow of $488.1 million was recorded, with
The recent trends in the crypto market have shown that assets like Bitcoin, Ethereum, and Solana have consistently outperformed traditional assets such as Gold. According to a report by Exponential Age Asset Management (EXPAAM), the annualized returns on Bitcoin, Ethereum, and Solana have been staggering, with figures of 141%, 152%, and 224%, respectively. This far
Bitcoin, the enigmatic digital currency, has once again found itself in the spotlight as the US banking system faces increasing stress. Some optimistic voices predict a monumental rise in Bitcoin’s value to $1 million per coin, citing economic uncertainties as the driving force. Proponents of Bitcoin view it as a beacon of stability amidst a
The cryptocurrency market is eagerly anticipating a bull run later this year, with Bitcoin and altcoins already showing signs of responding positively. Crypto analyst, Crypto Emily, has shared her predictions regarding the price movements of six major cryptocurrencies, providing insight into what the future may hold for investors. Crypto Emily’s analysis begins with Bitcoin, the
Venture capitalist Chamath Palihapitiya has made a bold prediction regarding the future of Bitcoin. He believes that the cryptocurrency could skyrocket to an unprecedented price of $500,000. This ambitious forecast is based on Bitcoin’s fourth halving cycle, which took place on April 20, 2024. Palihapitiya has conducted an in-depth analysis of historical halving cycles and
Despite the recent decline in the price of Bitcoin below the $70,000 mark, crypto analyst Peter Brandt remains optimistic about the future of the pioneer cryptocurrency. According to Brandt’s blog post released on June 2, he predicts that Bitcoin could reach its peak in the current bull cycle with a price surge between $130,000 to
Crypto analyst Tara recently identified a bullish pattern on the Bitcoin chart, suggesting that the flagship cryptocurrency could be gearing up for a significant price increase. Tara’s analysis indicated that Bitcoin might be on the verge of entering the parabolic phase of the current market cycle. She predicted that Bitcoin could surge to $75,800, setting
The price of Bitcoin has been experiencing a choppy market condition, putting a halt to hopes of a breakout to new highs in the near future. Despite this, there is still optimism surrounding the current bull cycle, with the premier cryptocurrency taking its time to gather momentum for an upward trend. Recently, on-chain observations have
Bitcoin’s recent failure to break above the $72,983 resistance level has resulted in a downward trend in its price. Despite trading above the 1-day Simple Moving Average (SMA), the rejection has caused the crypto asset to drop to $66,785, moving below the SMA in both the 1-hour and 4-hour charts. This decline below the SMA