Bitcoin

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QCP Sees Bitcoin Momentum Pushing Toward $120K Despite Market Hazards

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An analysis from QCP Capital highlights bitcoin’s latest breakout and future trends. QCP: Bitcoin’s Rally Tied to Inflation Data, Trump Policies, and Market Shifts Bitcoin (BTC) achieved a record high of $93.4K during the New York trading session, according to the market update from QCP Capital. QCP analysts noted that the rally occurred following U.S. … Read more

Aave Considers Partnership With Bitcoin-Based Spiderchain

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Aave, a leading decentralized finance (defi) protocol, may soon expand its footprint in the Bitcoin ecosystem with a proposal to deploy its Version 3 (V3) on the Spiderchain network. Governance Proposal: Aave V3 Deployment on Spiderchain The governance proposal, authored by ACI, aims to integrate Aave V3 with Spiderchain, an Ethereum Virtual Machine (EVM)-compatible layer … Read more

ETF Exodus: Bitcoin Funds Bleed $400M—What’s Next?

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On Thursday, U.S. spot bitcoin and ethereum ETFs hit a snag, snapping a streak of inflows. Ethereum Funds Falter as Bitcoin ETFs Face $400M Outflow Bitcoin (BTC) saw a slight dip, slipping below $90,000, while U.S. spot bitcoin ETFs experienced outflows totaling $400.67 million. Not everyone took a hit, though. Blackrock’s IBIT picked up $126.53 … Read more

Bitcoin Surges To $93K As New Addresses And Institutional Investments Hit Record Highs

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Bitcoin has reached a new all-time high of $93,000, rising by 30% since the U.S. election. Yesterday saw a surge in new Bitcoin addresses, spiking to 442,000—the highest daily number since March—indicating heightened interest and new entries into the market. https://twitter.com/intotheblock/status/1856718084226064675?t=CK78-rLU02I7PqktRiMa4g&s=19 Despite this rally, metrics such as the MVRV ratio suggest Bitcoin is not yet … Read more