Bitcoin’s price to crash by another 4%? BTC Predictions say…
Bitcoin saw a shift in momentum as the RSI fell below neutral 50. The OBV was unable to climb to a previous low, indicating rising selling pressure. Bitcoin [BTC] noted swift losses in the past 24 hours. In particular, a 4.9%…
Spot Bitcoin ETFs Return to Net Daily Outflows; Grayscale’s GBTC Total Outflows Eclipse $15 Billion
The combined U.S. spot Bitcoin (CRYPTO: BTC) exchange-traded funds returned to net outflows on Monday, having recorded net inflows every trading day last week, totaling $860 million. Inflows of $165.9 million from BlackRock’s (NYSE: BLK) dominant IBIT ETF (NASDAQ: IBIT)…
Crypto Crash? Bitcoin And Ethereum Plunge Below Key Support Levels
Even as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) have experienced a significant price drop over the past 24 hours, a new report states both cryptocurrencies have fallen below critical support levels, potentially signaling a shift in market sentiment. According…
Bitcoin’s 6% Drop Prompts Peter Schiff Commentary: ‘It’s A Fake Asset’
Economist Peter Schiff took to social media to compare Bitcoin’s abrupt fall to the stability of gold. What Happened: On Tuesday, Schiff highlighted that the sudden drop in Bitcoin’s value, which fell over $3,000 in 10 minutes, has more risk…
Bitcoin Down More Than 4% Within 24 hours
Bitcoin’s (CRYPTO: BTC) price has decreased 4.68% over the past 24 hours to $65,666.00, continuing its downward trend over the past week of -7.0%, moving from $70,303.12 to its current price. The chart below compares the price movement and volatility…
Bitcoin Spot ETFs Hit Speed Bump As Grayscale Outflows Reach $302M In A Day, But 2 Firms Enjoy Inflows
Bitcoin spot ETFs recorded a net outflow of $85.84 million on April 1, amid a broader slowdown in the digital asset investment space. What Happened: Data from SoSoValue shows a mixed picture for individual Bitcoin spot ETFs. Grayscale’s industry-leading GBTC…
Bitcoin, Ethereum in ‘ETF wrapper’ – Here’s what Coinbase’s CFO has to say
ETFs reshape cryptocurrency, propelling Bitcoin to surpass previous all-time highs. Clear regulations are needed for Ethereum to protect consumers and stabilize markets. The Exchange-traded funds (ETFs) have revolutionized the cryptocurrency landscape, particularly for Bitcoin. These ETFs, combined with other external…
Bitcoin Advocate Slams AI Coin, Doubles Down Against Community Backlash: ‘I Will Outlast Every One Of You’
Eric Wall, co-founder of Taproot Wizards, a Bitcoin-based NFT project, blasted Bittensor (CRYPTO: TAO) in an extensive social media post, labeling the popular artificial intelligence-related cryptocurrency as useless. What Happened: Wall took to X (formerly Twitter) to outline his thesis,…
Tether’s Bitcoin Holdings Cross $5 Billion Mark After Latest Purchase
Stablecoin issuer Tether (CRYPTO: USDT) purchased another $627 million worth of Bitcoins (CRYPTO: BTC) in the first quarter of 2024, bringing its total holdings to about 75,354 BTC — worth over $5.2 billion. This marks the first time Tether’s bitcoin…
Bitcoin Lingers Below $70,000 As Sideways Price Action Continues
Bitcoin (CRYPTO: BTC) traded below $70,000 on Monday, as the world’s largest cryptocurrency continues to fluctuate around this level for the past few days. Bitcoin’s price dipped slightly, about 0.7% over the past 24 hours, to trade at $69,700 at…