$56,000 Bitcoin Bottom? Burniske Thinks The Market Still Has To Break
Placeholder VC’s Chris Burniske sees one of the best long-term setups for Bitcoin building in the background – but he is clear that the real opportunity likely lies lower, with a potential test of levels near $56,000 still ahead. On X, Burniske argues that the current sentiment environment is exactly what eventually produces outsized returns,…
Tether Makes Bold Reserve Pivot Toward Bitcoin And Gold As Treasury Holdings Decline
In a strategic move, Tether has shifted its reserve strategy, reducing its exposure to treasuries while increasing allocations to Bitcoin and gold. The USDT issuer has shown a notable reduction in government debt exposure, paired with an expanded position in hard assets known for durability and independence from traditional financial systems. Treasury Exposure Drops Amid…
Bitcoin Holds Key Support, Though Reclaiming Upside May Prove Challenging
Bitcoin price started a fresh decline below $88,000. BTC is now attempting to recover but upside might face hurdles near $88,000. Bitcoin started a fresh decline below the $88,000 zone. The price is trading below $87,500 and the 100 hourly Simple moving average. There was a break above a short-term bearish trend line with resistance…
Will Strategy Liquidate Bitcoin Holdings? CEO Provides Concerning Clues
In a turbulent market marked by falling prices, Bitcoin (BTC) has once again dipped below the $85,000 threshold, driven by growing speculation that Strategy, formerly known as MicroStrategy, may be on the verge of selling some of its Bitcoin holdings. This intensified after a recent interview on the What Bitcoin Did podcast, during which Strategy…
BlackRock Exec Says Bitcoin ETFs Becoming A Major Revenue Source Was A ‘Big Surprise’
Spot Bitcoin ETFs (exchange-traded funds) are one of the biggest narratives and have been a game-changer in the cryptocurrency space in the past two years. With these investment products, people get to participate in the cryptocurrency market without having to directly own the digital assets. Interestingly, one of the biggest winners—that often gets overlooked—has been…
Bitcoin Collapse Accelerates as Gains Vanish and Sellers Take Full Control
Bitcoin price started a fresh decline from $92,000. BTC is down over 5% and the bulls are struggling to keep the price above $86,500. Bitcoin started a fresh decline below the $90,000 zone. The price is trading below $88,000 and the 100 hourly Simple moving average. There was a break below a key bullish trend…
Bitcoin NPRL Returns To Neutral As Market Sits In Equilibrium – What This Means For Price
Blockchain analytics platform XWIN Research Japan shares that Bitcoin’s NPRL has returned to a neutral zone following a period of significant volatility. This development represents one of many positives following Bitcoin’s modest price gain over the last week. NPRL Shows Balanced Market, New Trend Forms On Horizon The Net Realized Profit and Loss (NRPL) is…
Bitcoin Price Stays Above $90K — How Long Can It Hold On?
Over the past week, the Bitcoin price had its best performance since the infamous October 10 downturn, which led to the largest liquidation event in crypto history. The premier cryptocurrency seems to be on a recovery path, returning above the $90,000 mark on Wednesday, November 26. Despite the several calls of the bear market in…
Bitcoin Price To Recover $100,000: BTIG Cites Key Reasons For Optimism
The Bitcoin price has recently stabilized above the $90,000 mark, sparking renewed optimism among bullish investors. Analysts at BTIG have suggested that this rebound could propel Bitcoin towards its ambitious target of $100,000. Bitcoin Price Positioned For ‘Reflex Rally’ Jonathan Krinsky, an analyst at BTIG, expressed confidence that the Bitcoin price is positioned for a…
Will Bitcoin (BTC) End 2025 In Green? November Close May Hold The Key
While the crypto market bounces from last week’s correction, Bitcoin (BTC) is attempting to reclaim a crucial area as support to continue its recovery rally. As the flagship crypto faces some resistance, some market watchers have suggested that this week’s close may be key for its end-of-year performance. Bitcoin Faces Rejection Ahead Of November Close…