Why Bitcoin’s Ongoing Recovery Could Be Just the Beginning Of a Larger Rally
Bitcoin (BTC) has shown notable recovery since this week began, climbing back above $100,000 and now trading at $104,430. This upward move represents a 4.9% daily gain and more than a 10% increase over the past week. Analysts have been examining this rally closely, noting that it mirrors patterns observed in past market cycles. Specifically,…
Crypto Liquidations Cross $300 Million As Bitcoin Reclaims $102,000
Data shows the cryptocurrency derivatives sector has seen a large amount of liquidations in the past day as Bitcoin and others have enjoyed a rally. Both Crypto Long & Short Liquidations Have Been High Today According to data from CoinGlass, a significant amount of liquidations have piled up on the derivatives side of the cryptocurrency…
Spot Crypto ETFs: Litecoin Likely Next In Line For SEC Nod
As rumors of the possible approval of Litecoin ETF widely spread, LTC price jumped by 18% over 24 hours to $118. Launched as an alternative for Bitcoin in 2011, the cryptocurrency draws much interest among analysts and investors alike. Canary Capital has made a significant step forward in its quest for a Litecoin ETF. The…
Toncoin Stabilizes Above $5: Is Now The Time To Buy TON?
Toncoin (TON) has shown signs of recovery, trading above $5.5 after experiencing price declines in recent weeks. This rebound has not only boosted TON’s market capitalization by some millions but also brought investors to ponder on Toncoin’s potential for a sustained rally. Particularly, as the TON market stabilizes so far, questions about investor sentiment and…
Pro-Bitcoin Senator Accuses FDIC Of Sabotaging Digital Asset Documentation – Details
In a significant development for the ongoing discourse surrounding the digital asset sector, US Senator Cynthia Lummis (R-WY) has raised serious allegations against the Federal Deposit Insurance Corporation (FDIC). In a letter directed to FDIC Chair Marty Gruenberg, Lummis claims whistleblowers from within the agency have reported efforts to destroy documentation related to the FDIC’s…
Expert Sees Bitcoin Dipping To $50K While Bullish Momentum Persists
After rocketing up to the highs of $108,000 in December 2024, Bitcoin now has fallen to about $96,000. This has led to renewed debate among analysts as to what this means for the leading cryptocurrency. Some think that it may all be a warning, but others, such as Fundstrat’s Tom Lee, are still bullish long-term.…
Bitcoin Traders Turn Bearish Despite Price Recovery Above $97,000, Here Are The Numbers
The Bitcoin price has recovered above $97,000, providing a bullish outlook for the flagship crypto. Despite this development, BTC traders still look apprehensive as their strategy suggests they are still bearish on the current price action. Bitcoin Traders Turn Bearish Following Price Recovery In an X post, crypto analyst Ali Martinez revealed that Bitcoin traders…
Bitcoin Breakout Alert: Research Company Head Shares Key Timeline
The chief research analyst at 10x Research, Markus Thielen, thinks Bitcoin has a bright future. If Thielen’s crystal ball is correct, the digital asset might potentially experience significant price swings on January 29, 2025, once it breaks out of its so-called “symmetrical triangle” formation. However, the path to this breakout is fraught with variables that…
Is Bitcoin’s Upward Cycle Back? Key Insights Into The Latest Recovery
Bitcoin (BTC) has rebounded to trade above $99,000 following its significant dip earlier this week. While the latest US Consumer Price Index (CPI) news appears to have contributed to this quick recovery, it has also drawn attention from analysts, who are closely monitoring key metrics to understand the market’s next move. A CryptoQuant contributor known…
Bitcoin Sharp Rebound Above $95K: Stop Hunting or Trend Reversal?
Bitcoin (BTC) witnessed a sharp decline below $90,000 yesterday, sparking concerns about its near-term stability. However, the cryptocurrency has since rebounded, trading back above $96,000 at the time of writing. This rapid recovery has drawn the attention of market analysts who are examining the Bitcoin’s price movements. Is Bitcoin’s Surge Above $96k A Stop Hunt?…