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As Bitcoin Sits Comfortably Atop $30K, On-Chain Metrics Suggest Further Upside For the BTC Price

Bitcoin (BTC), the most valuable cryptocurrency in the world by market capitalization that powers the world’s first cryptographically secured, decentralized payments ledger, hit its highest level since June 2022 on Thursday to the north of the $30,600 level.BTC/USD was last changing hands up...

, by Michael Davis

Bitcoin Bounces Sharply From 50DMA, Reclaims $28K – BTC Bulls Eye Retest of These Key Upside Levels

The Bitcoin (BTC) price has shrugged off concerns about sudden movements in long-term dormant wallets, as well as ongoing regulatory uncertainty with Coinbase now suing the US SEC for a lack of clarity on crypto rules, and posted a strong rebound back to the north of the $28,000 level for the first...

, by Michael Davis

Wells Fargo’s Top Analyst Predicts End of Stocks Bear Market – What Does This Mean for Cryptos?

A top analyst at the major US bank Wells Fargo has predicted that the bear market in stocks is over for now – a prediction that could also be good news for crypto. According to Chris Harvey, a highly respected equity strategist at Wells Fargo, the latest pullback seen in the yield of...

, by Fredrik Vold

The Bitcoin Market’s Return to Profitability in 2023 is a Massive BTC Bull Signal, Widely Followed On-chain Indicator Suggests

Bitcoin’s ferocious January price rally launched much of the market back into profitability for the first-time months. The Bitcoin market’s return to profitability is seen in the resurgence in the price, last at around $23,500, above the so-called “Realized Price”, which is...

, by Michael Davis

Bitcoin on Verge of Breakout Towards $30K, But These Metrics Suggest Market Might Be Getting Too Hot

According to technical analysts looking at the Bitcoin market on a short-term time horizon, the world’s largest cryptocurrency by market capitalization looks like it could be on the verge of a breakout towards the psychologically important $30,000 level and perhaps on towards the next major...

, by Michael Davis

Bitfinex CTO Says El Salvador’s Bitcoin Bonds Will Launch This Summer – But There’s a Twist

The Chief Technical Officer of the Bitfinex crypto exchange has claimed that El Salvador’s long-awaited Bitcoin (BTC) bonds will launch this year “around June to September.” But the bonds, he explained, may not be bonds after all. Instead, the issuance could take the form of...

, by Tim Alper

Investors Continue Buying Bitcoin, Latest Fund Flows Report Shows – Here’s Why BTC Could Dominate Institutional Crypto Demand

One week after digital asset investment products saw their largest weekly inflow since July 2022 of $160 million, the pace of inflows has all but come to a halt, according to the latest Digital Asset Fund Flows report released on a weekly basis by CoinShares.According to the crypto data analytics...

, by Michael Davis

Bitcoin (BTC) Price Pauses Below $30K, Here is Where it Could Be Headed Next

The Bitcoin (BTC) price is largely unchanged in the mid-$29,000s on Friday.The cryptocurrency found decent support earlier in the session when it briefly fell to test the $29,000 level and 21-Day Moving Average just above it.But the Bitcoin bulls seem to be taking a breather ahead of the...

, by Michael Davis

Bitcoin Short Bets Are Building – Here’s What That Means for the BTC Price

Short Bitcoin investment products saw an inflow of nearly $10 million last week, according to CoinShares’ latest Digital Asset Fund Flows Weekly Report. That took month-to-date flows to $14 million. Meanwhile, over the same time period, long Bitcoin investment products saw an outflow of close...

, by Michael Davis

Deadline Looms: Mt. Gox Bitcoin Exchange Creditors Must Register Repayment Method by March 10 – Here’s the Latest

A deadline for when creditors to the collapsed bitcoin (BTC) exchange Mt. Gox can register their payment method to receive claims is coming up on Friday this week.The registration deadline was previously set to January 10, but has later been postponed to March 10.“Rehabilitation creditors who...

, by Fredrik Vold

Further Bitcoin Volatility Ahead? Here’s What Options Markets Say About the BTC Price Outlook

Bitcoin looks set to finish Wednesday’s session broadly unchanged in the mid-$24,000, handing market participants some much-needed time to catch their breath after a hectic seven days of price action. This time last week, Bitcoin had just dropped back under $22,000 for the first time in over...

, by Michael Davis

Mark Cuban Wants Bitcoin Price to Go Down so that He Could Buy More

American billionaire entrepreneur Mark Cuban continues to remain bullish on Bitcoin, saying that he even prefers investing in the digital asset over gold.The TV personality stated that he plans to buy more BTC when its price drops. “I want Bitcoin to go down a lot further so I can buy some...

, by Ruholamin Haqshanas

Reddit Founder Alexis Ohanian Says Crypto and Bitcoin is ‘Here to Stay’ – What Does He Know?

Reddit co-founder Alexis Ohanian believes that crypto, and Bitcoin in particular, is here to stay despite the recent unfortunate developments in the industry including the collapse of FTX.In an interview with Forbes, Ohanian compared the advent of blockchain to the creation of paper, saying...

, by Ruholamin Haqshanas

Next Bitcoin Halving Just Over One Year Away – Here’s What Could Happen to the BTC Price

The next Bitcoin halving, where the BTC reward delved out to network validators per block mined will be halved, is coming up in just over one year and this could be a key theme in the Bitcoin market in the coming quarters. That’s because past halvings have consistently had a huge price...

, by Michael Davis

45% of S Korean Crypto Users Predict a Bitcoin Price Rise This Week

Almost half of South Korean crypto holders think Bitcoin (BTC) prices will rise this week, a survey has found.The survey was conducted by the researcher Pharos Labs (Kratos) and the crypto market information provider Coinness – and reported by the media outlet CoinReaders. The firms said they...

, by Tim Alper

Bitcoin Takes the Lead, Dominance Surges as BTC Outperforms Altcoins

A growing narrative amongst crypto and traditional asset class investors that Bitcoin might actually be a viable safe haven against potential turmoil in the traditional fiat-based fractional reserve banking system has helped propel the BTC to fresh multi-month highs versus its major altcoin peers...

, by Michael Davis

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