Matrixport Predicts Bitcoin 2024 Surge, Regardless Of Spot ETF Approval

As the final months of the year approach, the anticipation surrounding the approval of spot Bitcoin exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC) has generated considerable excitement among analysts and traders. While many stake their hopes on these index funds to fuel a significant price surge for Bitcoin and the broader … Read more

FASB’s Fair Value Recognition Reignites $42,000 Support Recovery

The Bitcoin price experienced a notable downturn as selling pressure intensified, resulting in a decline of over 4% from its annual peak of $44,500. This downturn was further exacerbated by the loss of the crucial $42,000 support level.  However, the largest cryptocurrency in the market received a substantial uplift from the US Financial Accounting Standards … Read more

Bitcoin $42,000 Support Under Pressure As Short Position Inflows Soar

Bitcoin (BTC) recently experienced a sharp decline, tumbling towards $40,000 amid a broader sell-off across the cryptocurrency market. While the most significant token managed to recover some losses, currently trading 4% lower at $42,000, concerns persist regarding the potential for further downside price action before a potential recovery. Investors Show Caution With Short-BTC Position Inflows … Read more

Bitcoin Poised For December Surge As Historical Patterns Suggest Strong Upside Ahead

As the eagerly awaited Bitcoin (BTC) exchange-traded fund (ETF) verdict approaches, excitement and anticipation continue to grow in the cryptocurrency market.  According to a report by K33 Research, the upcoming decision, expected between January 8 and January 10, has been a significant factor behind Bitcoin’s positive momentum since October. Institutional demand remains robust, with traditional … Read more

Bitcoin ETF Approval Probability Surges Beyond 99% As BTC Hits Fresh Yearly High

In the countdown to the deadline for the long-awaited Bitcoin ETF applications by major asset managers worldwide, predictions regarding the rate of approval have significantly improved.  Inside sources from the US Securities and Exchange Commission (SEC) indicate that Bloomberg’s initial 90% chance prediction of approval has now surged beyond 99%.  This development has heightened the … Read more

Expert Spotlights Potential $25,000 Liquidity Sweep

Bitcoin (BTC), the world’s leading cryptocurrency, has recently witnessed a surge in price, reaching a new yearly high of $42,100 on Monday. However, this significant price increase has raised concerns among market participants about the possibility of a potential correction and a subsequent liquidation sweep, which could drive the price down to as low as $25,000. … Read more

Bloomberg Expects Bitcoin Price To Surpass $500,000 In Upcoming Crypto Super Cycle

In a recent Bloomberg report, it has been suggested that the rise of Bitcoin price to over $42,000 is just the beginning of a new crypto super cycle that will push the world’s largest cryptocurrency to over $500,000. According to Bloomberg, proponents of this theory argue that Bitcoin represents a new monetary order that is … Read more

Bitcoin ETF Approval Date Hinted By Expert: SEC Decision Expected January 5th

Anticipation is building as major asset managers’ predicted approval date for Bitcoin ETF applications approaches 2024. Experts have now issued bold predictions, with Bloomberg exchange-traded fund (ETF) expert James Seyffart pinpointing the potential approval window from January 5th to January 10th.  The significance of this timeframe has sparked excitement within the cryptocurrency community, as the … Read more

Bitcoin Whales Ready To Push Price Above $40,000? Data Throws Clues

The Bitcoin price has been steadily moving around its current range as 2023 comes to an end. Recent data cast light on the current market structure and what could trigger an extension in the bullish momentum. As of this writing, Bitcoin (BTC) trades at $37,900 with a 1% loss in the last 24 hours. Over … Read more

MicroStrategy Boosts Bitcoin Holdings With $590 Million Purchase, Totaling 174,530 BTC

In a testament to its unwavering confidence in Bitcoin (BTC), MicroStrategy, one of the largest Bitcoin holding companies, has once again expanded its cryptocurrency portfolio.  The company’s former CEO, Michael Saylor, announced the acquisition of an additional 16,130 BTC, valued at approximately $593 million. This strategic move comes as Bitcoin enters a phase of accumulation … Read more