Bitcoin At Risk Of Supply Shock As ETF Issues Buy More BTC Than Was Produced In December
The world’s largest cryptocurrency may be at risk of a supply shock as demand from United States (US) Spot Bitcoin Exchange Traded Funds (ETFs) has surged far beyond expectations. In December 2024, the volume of BTC acquired through Spot Bitcoin ETFs more than tripled the amount mined during that same month, underscoring the severe imbalance…
Bitcoin Price Takes a Breather: Gains Reduced Amid Volatility
Bitcoin price failed to stay above the $100,000 zone. BTC is correcting gains and might struggle to stay above the $96,000 support zone. Bitcoin started a fresh decline from the $102,500 resistance zone. The price is trading below $100,000 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend…
Bitcoin Target Locked: Metaplanet Eyes 10,000 BTC This Year
Metaplanet ushers in the new year with a bullish sentiment on Bitcoin and blockchain technology. After announcing late last year that it had purchased ¥1 billion worth of Bitcoins, the Japanese company is making headlines again by announcing its plans to increase its holdings to 10,000 Bitcoins. Metaplanet’s decision to double down on the world’s…
Bitcoin Price Breaks $100K: Bulls Set Their Sights Higher
Bitcoin price is recovering losses above the $100,000 zone. BTC is showing positive signs and might continue higher if it clears the $102,500 resistance zone. Bitcoin started a decent increase above the $98,800 zone. The price is trading above $100,000 and the 100 hourly Simple moving average. There is a short-term bullish trend line forming…
MicroStrategy Strikes Again: $100 Million Bitcoin Purchase Signals Strong Market Confidence
MicroStrategy, the major enterprise software company that has evolved into a Bitcoin (BTC) investment platform, has captured attention once again with its latest purchase of $101 million in BTC. The company, led by chairman and co-founder Michael Saylor, has committed to utilizing perpetual preferred stock, common shares, and debt to fuel its ongoing Bitcoin purchasing…
Analyst Identifies Bitcoin Key Support Levels Amid Rebound Challenge – Details
The price of Bitcoin has shown no significant movement in the past day following a price rebound at the start of January 2025. Currently trading near $98,000, speculation is mounting about whether Bitcoin has exited its correction phase, with high expectations of an impending bull market. Strong Bitcoin Support Zone Emerges Between $95,090-$96,531 In an…
Bitcoin Price Climbs: Is This the Start of a Bigger Rally?
Bitcoin price is recovering losses above the $98,000 zone. BTC is gaining pace and might continue higher if it clears the $100,000 resistance zone. Bitcoin started a fresh recovery above the $97,500 zone. The price is trading above $97,800 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with…
Bitcoin Set For Encounter With Key $99,900 Price Level – Analyst
The Bitcoin market has begun 2025 on a positive note with gains over 5% in the first four days of the year. Amidst this renewed bullish strength, Bitcoin is preparing for a vital encounter with the $99,900 capable of significantly altering its price trajectory in the short term. Bull Flag Or Bear Flag, Bitcoin Bulls…
Bitcoin Poised For $150K, Research Signals Massive Growth
Steno Research predicts a fantastic year for cryptocurrencies in 2025, with Bitcoin seen to reach $150,000 and Ethereum potentially hitting an $8,000 value. This projection isn’t just speculative; Steno’s analysis cites a number of positive economic variables, rising institutional interest, and the growing presence of cryptocurrency ETFs. However, the question remains: can these digital assets…
Bitcoin Dominates 2024, Outperforms Gold And Major Indices – Details
If there’s one crypto asset that is expected to make it big this 2025, it has got to be Bitcoin. The premiere crypto has demonstrated remarkable success as it ushers in 2025. Registering solid numbers in the last few weeks, analysts have high hopes that it can make further breakthroughs. In fact, based on latest…