bull – DIGIT INFO

Bitcoin Surpasses $42,000 Mark Amidst Market Optimism, But There’s A Catch

Bitcoin surged past the $42,000 mark yesterday, currently trading at $41,800, coinciding with the S&P 500 reaching a new All-Time High. This has sparked optimism in the crypto community, with expectations that major cryptocurrencies like Bitcoin might “regress to the mean” and align with the performance of equity markets. The cryptocurrency market has notably lagged behind the stock market, particularly after a shift in trends observed since January 17. Santiment data indicates that bitcoin euphoria peaked shortly after the approval of 11 spot ETFs on January 11th. However, on January 17th, a significant correlation broke as Bitcoin declined below $40,000

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An Analyst Envisions Bitcoin’s Continued Surge Until December 2025

As of the writing of this article, Bitcoin is undergoing a slight 1% decline in its price, currently resting at $42,753. Despite this, the primary cryptocurrency has showcased a remarkable 157% increase since the commencement of the year. However, it still lags 37% behind its all-time high (ATH) achieved in November 2021, peaking above $68,788. Insights derived from analyst Ali chart on X unveil a significant development: Bitcoin miners have recently executed a substantial sell-off, disposing of more than 3,000 BTC in the past few hours. This noteworthy transaction totals approximately $129 million and carries the potential to impact the

The post An Analyst Envisions Bitcoin’s Continued Surge Until December 2025 appeared first on The Merkle News.

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Regulatory clarity will drive the next bull run, hedge fund co-founder

As long as the regulation gives an institutional investor a very clear path to crypto, they’ll jump into the space, hedge fund co-founder CK Cheng told Cointelegraph.

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How to trade crypto using BTC dominance?

BTC dominance can directly affect altcoins by displaying the market’s trading volume in BTC vs. altcoins.

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Bitcoin’s Bearish Prices at the End of 2021 Not Much Different Than 8 Previous Year-End Cycles

The price of bitcoin is down more than 33% from the crypto asset’s all-time high captured about a month ago on November 10. A while back, people expected the price of bitcoin to be extremely bullish during the months of November and December, and many expected a $100K bitcoin price by the year’s end. However, […]

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Plan B Says Bitcoin Price Still ‘on Track Towards $100K’ Despite Missing November’s Price Prediction

This month, the price of bitcoin sank below the $60K zone this month after reaching an all-time high (ATH) at $69K per unit. The pseudonymous bitcoin analyst and the creator of the bitcoin price model called stock-to-flow (S2F), Plan B, called the last three months of bitcoin prices correctly but the analyst’s “worst-case scenario” forecast […]

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As Bitcoin Soared Past $68K, Plan B Says Floor Model Shows BTC Reaching ‘$100K This Year’

On November 8, 2021, the price of bitcoin reached an all-time high of $68,564 per unit at 10:57 p.m. (ET) on Monday evening. Meanwhile, Plan B, the creator of the bitcoin price model called stock-to-flow (S2F), has correctly predicted the last three months of bitcoin prices and recently said that based on the floor model […]

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Plan B’s Stock-to-Flow Bitcoin Price Model ‘Predicts $100K by Christmas,’ S2F Creator Discusses ‘Time Model’

The pseudo-anonymous bitcoin analyst called Plan B gave his 704,000 Twitter followers an update on the notorious stock-to-flow (S2F) bitcoin price model. Plan B stressed on August 27, that the “next months will be key” as he believes the bitcoin S2F model “predicts $100K by Christmas.” ‘$100K by Xmas’ Plan B is a popular figure […]