In a careful distribution strategy, new entrants aim to benefit at critical resistance levels during bad markets, and this action fits the bill. According to crypto analyst, this is the first noticeable wave of sellers cashing out after the monthly highs retest. This month, Bitcoin’s price has increased by about 10%; nevertheless, the surge is
Price gains were bolstered by reports that peace negotiations between the US and Iran might once again begin this week. The second-largest daily inflow in April for spot Bitcoin ETFs was $411.5 million on Tuesday, according to SoSoValue statistics. At the time of writing on Wednesday, Bitcoin’s (BTC) price was hovering around $74,000, a crucial breakthrough
Farside Investors data shows that the new Morgan Stanley Bitcoin Trust (MSBT) recorded $14.9 million on its second day of trading. The most recent day of inflows has brought US spot Bitcoin ETFs dangerously close to resuming a net inflow for the year. In its greatest day since early March, when the US-Iran battle began
What happens on Thursday depends on whether bulls can get momentum back or bears try to bring Bitcoin (BTC) down even more. A crucial technical support level is around $70,500. The next course of action for Bitcoin will be decided by that. Meanwhile, institutional demand is reticent to grow BTC exposure, and market mood is cautious
The rate of inflows into US-listed spot Bitcoin ETFs has picked back up, with the highest daily volumes seen in weeks. There had been over 615,000 Bitcoin transactions per day, the most since November 2024. Bitcoin network activity “just snapped higher after months of decline,” according to Monday’s assessment by CryptoQuant. A blockchain analytics provider’s
On a weekly timeframe, the MACD indicator suggested that Bitcoin’s most recent decline is about to turn around. Several analysts have pointed to important MACD parallels during Bitcoin’s two bear markets in the past, continuing the tendency. The US president’s conflicting signals over a possible agreement with Iran to reopen the Strait of Hormuz, together with
According to Michael van de Poppe’s Friday X post, the breakout will be heavier if it lasts longer. ETF expert James Seyffart predicts that spot Bitcoin ETFs might eventually have more assets under management (AUM) than gold ETFs. A prominent crypto analyst has speculated that the extended consolidation of Bitcoin below $70,000 may be setting the stage
According to Circle, the asset’s primary goal is to provide institutions with a neutral, highly secure alternative to wrapped Bitcoin. The most popular wrapped Bitcoin token, wBTC, is offered by BitGo and has 119,157 tokens in circulation. Its market cap is at $8 billion. Circle, a stablecoin issuer, has announced its intention to offer a wrapped Bitcoin,
Bitcoin is currently trading near $70.3K. $249M in BTC liquidations hit the market. Bitcoin is currently trading in a key consolidation zone, referred to as a no-trade zone, between $65,636 and $70,685. This range has seen heavy activity, with over 1.72 million BTC exchanged. It makes it a strong area of both support and resistance.
Bitcoin came below renewed selling pressure after Federal Reserve Chairman Jerome Powell signaled a cautious stance on future price cuts, triggering a broader market pullback. The important cryptocurrency dropped more than 5% in 24 hours, taking from weekly highs above $74,000 as macroeconomic troubles weighed on investor sentiment. Fed Signals Drive Market Weakness The decline