Five Weeks, Five Purchases: MicroStrategy Invests Another $2.1 Billion In Bitcoin
MicroStrategy, the business intelligence firm helmed by co-founder and Chairman Michael Saylor, has made headlines yet again with the announcement of a $2.1 billion Bitcoin (BTC) acquisition. Interestingly, this is the fifth consecutive Monday that the Tysons Corner, Virginia-based corporation has announced major acquisitions of the market’s leading crypto, demonstrating confidence in BTC’s prospects and…
Is Bitcoin Entering a New Phase? Analysts Break Down Key Trends
So far, the Bitcoin market continues to demonstrate resilience as it maintains its price above the $90,000 price market despite various factors influencing its price movements. Amid this, a CryptoQuant analyst, aytekin466, recently shared insights into whether the cryptocurrency could face another significant price correction. Are Major Corrections a Thing of the Past? aytekin disclosed…
Bitcoin HODLing Rewards: Long-Term Holders Selling At 326% Profit
On-chain data shows that long-term Bitcoin holders have been selling recently as their profits have ballooned to notable levels after the price surge. Bitcoin Long-Term Holders Have Been In Huge Profits Recently As CryptoQuant community analyst Maartunn explained in a new long-term holders” (LTHs) refer to the Bitcoin investors who have been holding onto their…
Bitcoin Price At Crossroads: Will It Stabilize and Surge Again?
Bitcoin price recovered losses and climbed above $95,000. BTC is now consolidating and facing hurdles near the $101,250 resistance zone. Bitcoin started a fresh increase after it dropped toward the $90,000 zone. The price is trading below $100,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support…
Bitcoin Traders Retain High Leverage Amidst Decline In Funding Rates – Details
After hitting the $100,000 milestone, Bitcoin suffered a sudden price crash on Friday resulting in an estimated price loss of 7%. During this decline, the asset’s perpetual funding rates in the derivative markets took a hit. However, traders may yet retain enough leverage to strongly influence price volatility. Bitcoin Short-Term Outlook Uncertain Due To Heightened…
Bitcoin Miners Move 85,503 BTC, Price Unaffected – Here’s Why
From attaining a six-figure market price to a sudden market crash, Bitcoin has remained the major headliner in the crypto market over the past week. Among these rapid developments on the largest digital asset, blockchain analytics company Santiment has observed a massive decline in mining balance. Bitcoin Miners Offload 85,503 BTC In 48 Hours On…
Analyst Says Bitcoin Price At $100,000 Is A ‘Dangerous Zone’, Predicts Massive Crash
The Bitcoin price recently achieved a monumental milestone, crossing the $100,000 threshold for the first time in its history. While the breakthrough is a significant achievement for the BTC price, it also raises the question of where it goes from here. The consensus among many analysts is of a continued bullish price action for Bitcoin.…
Bitcoin’s Market at a Crossroads: Are Long-Term Holders Signalling a Correction or a Rally?
The role of Bitcoin long-term holders (LTHs) has again come under the microscope of analysts as the asset currently faces a 4.5% correction from its all-time high (ATH) above $100,000 created on Thursday. These holders, defined as those who retain their Bitcoin for over 155 days, are known to influence market movements through their accumulation…
Bitcoin Price At $100,000: Road To More Gains Or Potential Bull Trap? Analyst Has Answers
The Bitcoin price has soared above $100,000 for the first time ever, sparking optimism among market participants. In line with this development, crypto analyst Xanrox has provided insights into whether more gains lie ahead for Bitcoin or whether this rally above $100,000 could be a potential bull trap. What Next For Bitcoin Price Following Rally…
Bitcoin Price Roars Back: Recovery After Sharp Correction
Bitcoin price declined sharply from the $104,015 high and dipped below $95,000. BTC is now recovering losses and facing hurdles near $99,000. Bitcoin started a major decline after hitting a new all-time high at $104,015. The price is trading above $97,500 and the 100 hourly Simple moving average. There is a key bullish trend line…