Bitcoin analyst says ‘supply shock’ underway as BTC withdrawal rate spikes to one-year high
The supply shock is being unnoticed similar to Q4 2020 before the price of Bitcoin skyrocketed, says Willy Woo. Go to Source Powered by WPeMatico
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ADA, DOGE overtake BTC as the most popular cryptos for US eToro users
Bitcoin, the so-called king of cryptocurrencies, has seen its popularity decline among U.S.-based eToro users over the past 12 months. Despite more volatility, altcoins are growing in popularity. Go to Source Powered by WPeMatico
Backwardation in Bitcoin futures contracts shows pro investors lack confidence
BTC traders are still searching for a bottom, but derivatives metrics show sentiment is negative and even the rally to $40,000 had little impact. Go to Source Powered by WPeMatico
Turning bullish? Institutions are net buyers of crypto for the first time in 5 weeks
CoinShares’ weekly report showed institutional managers are buying into crypto funds again after four weeks of profit taking. Go to Source Powered by WPeMatico
Bitcoin volatility will always disappoint some investors: Michael Saylor
Traders that get into Bitcoin for short-term gains stand to be disappointed by the volatility associated with Bitcoin, according to MicroStrategy’s CEO. Go to Source Powered by WPeMatico
Equity Strategists, Portfolio Managers Share Bitcoin Price Predictions: Survey
Equity strategists and portfolio managers were asked about what the price of bitcoin will be by the year-end. Almost half of the surveyed participants say the price of the cryptocurrency will fall below the $30K level but some believe it will rise to $60K. Year-End Bitcoin Price Expectations by Equity Strategists and Portfolio Managers Equity … Read more
Bitcoin exchange supply hits a 6-month low as accumulation continues
The likelihood of another steep selloff for BTC is diminishing as more holders are accumulating, according to data from Santiment. Go to Source Powered by WPeMatico
Ethereum price can gain 40% on Bitcoin, argues analyst as London fork nears
Technical setups, coupled with optimistic fundamentals, project Ethereum, would rise sharply against Bitcoin in the coming weeks. Go to Source Powered by WPeMatico
Top 5 cryptocurrencies to watch this week: BTC, ETH, UNI, ICP, AAVE
Bitcoin may pick up momentum in the next few days and select altcoins ETH, UNI, ICP, and AAVE could also rally along. Go to Source Powered by WPeMatico
JPMorgan Predicts When Bitcoin Bear Market Will Be Over
Global investment bank JPMorgan has predicted that the bitcoin price slump will likely be over when the cryptocurrency’s dominance rises back above 50%. “I think that’s another indicator to watch here in terms of whether this bear phase is over or not,” the firm’s analyst explained. JPMorgan’s Bitcoin Market Prediction JPMorgan analyst Nikolaos Panigirtzoglou has … Read more