Advertisement     Widely followed crypto analysts have suggested that Bitcoin (BTC) is preparing for an explosive move in the foreseeable future. This is based on technical setups that have appeared on the top crypto’s price chart. BTC Price Pattern Hints At A Big Breakout When trying to predict the future price of Bitcoin,…
Advertisement     Bitcoin (BTC) continued to trade sideways on Tuesday following a sluggish start to the week, despite a strong resurgence that began on September 6. Notably, the top cryptocurrency has risen by approximately 20% since then. However, since Friday, the price has remained constrained in a tight falling range, reflecting a downward…
Data shows the Bitcoin Open Interest has been heading up again recently, a sign that volatility could be coming for the asset’s price. Bitcoin Binance Open Interest Has Registered A Notable Increase Recently As explained by an analyst in a CryptoQuant Quicktake post, the BTC Open Interest on Binance has risen to $28.3 billion recently….
Advertisement     Jamie Dimon, CEO of the financial juggernaut JPMorgan Chase, has consistently derived Bitcoin (BTC) and once again expressed his dislike for the preeminent cryptocurrency. While Dimon decried BTC, he expressed support for the digital asset’s underlying technology. The banking magnate said in a recent interview at the Georgetown Psaros Center for…
On-chain data shows the Bitcoin supply held by the short-term holders has recently been going down at its fastest monthly rate since 2012. Bitcoin Short-Term Holder Supply Plunges As Investors HODL As explained by CryptoQuant author Axel Adler Jr in a new post on X, the 30-day change in the short-term holder supply has plunged…
Advertisement     Bitcoin rallied above the $61,000 price point on Wednesday following the United States Federal Reserve’s decision to lower its benchmark interest rates by 50 basis points, marking the first rate cut since 2020 after the world’s most important central bank’s most aggressive hiking cycle. Most analysts believe the Fed’s policy reversal…
Hemi Labs, a start-up co-founded by former Bitcoin core developer Jeff Garzick, has successfully raised $15 million in its initial funding round. The investment was led by notable backers including Binance Labs, Breyer Capital, and Big Brain Holdings. According to a Fortune report, Hemi Labs aims to create a new “supernetwork” that integrates the capabilities…
Bitcoin price has surged 5.6%, hitting a three-week high of $61.1K on Tuesday morning. Altcoins like Celestia, Immutable X, and Near have seen double-digit percentage gains. Crypto stocks have risen modestly ahead of the Fed’s expected rate cut announcement. Bitcoin price has surged to its highest level in three weeks, triggering gains across the cryptocurrency…
Advertisement     Bitcoin continued to trade subdued early Tuesday, with the leading cryptocurrency struggling to regain momentum after dipping to $57,658 on Monday. This drop came from a failed attempt to break through the $61,000 resistance level last week. The continued price consolidation has led some critics to forecast a more significant downturn,…
Advertisement     Despite Bitcoin’s (BTC) underwhelming performance over the past month, whales have been impressively accumulating the crypto-asset, showcasing their confidence in its long-term potential. Notably, Bitcoin’s price experienced a sharp slump, dipping as low as $49,200 in early August due to various macroeconomic issues that prompted investors to adopt a more risk-averse…