Bitcoin hits $70K amid huge ETF inflow streak

October 29, 2024 Coin Telegraph

Bitcoin hits K amid huge ETF inflow streak

70k

Bitcoin has topped $70,000, its highest price since June after US-based ETFs surpassed total net inflows of over $22 billion.

The price of Bitcoin has just crossed the $70,000 milestone for the first time since June 10 following two strong weeks of inflows into the United States spot Bitcoin exchange-traded funds (ETFs).

Bitcoin (BTC) jumped by 3% in the last day to a high of $70,150 on Oct. 28 before falling back below $70,000, TradingView data shows.

Bitcoin’s change in price over the 24 hours. Source: TradingView

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Has the crypto market bottomed? Look out for these 5 keywords

October 2, 2024 Coin Telegraph

bitcoin iran

Is the crypto market primed to rebound? Santiment believes several words uttered on social media could hold the answer.

There are at least five keywords that could signal a crypto market bottom, according to crypto research firm Santiment.

The price of Bitcoin (BTC) slipped 3% in the last 24 hours following heightened geopolitical tensions in the Middle East. Crypto traders are increasingly concerned with what escalating conflict would mean for risk assets.

In an Oct. 2 blog post, Santiment director of marketing Brian Quinlavin said when five main “fear” words are used frequently on social media, it can help traders identify if the market is overly fearful and potentially primed for a breakout.

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Bitcoin headed for breakout or breakdown? Analysts weigh in

September 3, 2024 Coin Telegraph

Bitcoin

Analysts say upcoming rate cuts could be a boon for Bitcoin’s price action but the market is still in “wait and see” mode.

Crypto analysts are tipping three major events in the coming weeks that could drive up the price of Bitcoin, depending on how the market reacts to them.

For the last seven months, Bitcoin has traded in a downtrending range between $74,000 and $52,000 and investors have grown increasingly restless about whether or not BTC will breakout to the upside or if its price will continue to crumble.

Coinstash co-founder Mena Theodorou told Cointelegraph that the next major move for Bitcoin will hinge on how the market responds to upcoming political and regulatory shifts in the United States during election season, as well as upcoming macroeconomic data.

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2 key Bitcoin metrics signal steady bull cycle — ‘No bubble’ in sight

August 21, 2024 Coin Telegraph

Axel Adler

The metrics suggest that Bitcoin is unlikely to be overvalued at current levels, and its price action is developing “steadily without significant anomalies or sharp jumps.”

Although Bitcoin’s price is yet to reclaim its March all-time high, an analyst claims two key metrics show that the bull market remains strong and steady with no signs of a deep correction.

In an Aug. 18 report, CryptoQuant researcher Axel Adler looked to two key metrics — the bubble vs. crush market structure and the ratio between the difference of market cap and realized cap and the standard deviation of market cap (MVRV-Z score) — as signals that Bitcoin’s current price action is tracking a healthy path forward.

“We can see that the current bull cycle is developing quite steadily without significant anomalies or sharp jumps,” Adler added.

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Bitcoin dominance hits 58% amid altcoin, stock market bloodbath

August 5, 2024 Coin Telegraph

bitcoin crash

Bitcoin dominance has notched a new yearly high amid a brutal Ethereum-led sell-off.

Bitcoin dominance — the ratio of Bitcoin’s market capitalization to the rest of crypto — has notched a new yearly high of 58% amid a crypto and stock market tumble.

Bitcoin's (BTC) dominance briefly touched 58.1% in the early hours of Aug. 5 amid a sudden sell-off that saw Ether drop as far as 18% in two hours, while BTC fell 10% in the same time frame.

IG Markets analyst Tony Sycamore told Cointelegraph that the drawdown serves as a reminder that Bitcoin and crypto assets more broadly sit very much at the “pointy end” of the risk asset spectrum.

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Bitcoin crashes below $53K wiping out $600M in leveraged longs

August 5, 2024 Coin Telegraph

Bitcoin

A sudden crypto market nosedive has seen over $600 million in leveraged long positions wiped out, as Bitcoin, Ether and other cryptocurrencies tumbled sharply.

The price of Bitcoin crashed as low as $52,500 on Aug. 5, in a sudden drawdown that saw BTC tumble 10% from $58,350 in less than two hours.

Bitcoin (BTC) has since regained some ground since the flash crash and is trading for $54,384 at the time of publication, per TradingView data.

The last time BTC traded below $53,000 was on Feb. 26 earlier this year, as the price rallied following the approval of spot Bitcoin exchange-traded funds (ETFs) in the United States.

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$500B plunge: Largest 3-day wipeout for crypto in a year

August 5, 2024 Coin Telegraph

Bitcoin Price

The crypto market has just witnessed its largest three-day sell-off in 12 months amid weak jobs data and revived fears of a recession.

Update (1:55 am, Aug. 5): This article has been updated to include updated price figures for Bitcoin and Ether.

The crypto market has just clocked its largest three-day sell-off in almost a year, briefly shedding as much as $510 billion since Aug. 2.

The sharp crypto sell-off arrived amid faltering performance from equities with the S&P 500 falling as much as 4.4% in the same time frame.

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Bitcoin reclaims $62K, analysts say worst is ‘likely behind us’

July 15, 2024 Coin Telegraph

Bitcoin

With Germany’s “forced selling” over and Mt. Gox repayments all but priced in, analysts look to an easing macro environment as a driver for Bitcoin’s price in the coming months.

The price of Bitcoin has reclaimed ground above the $62,000 mark, and analysts say the worst of the selling could be over with German BTC sales over and Mt. Gox payments all but priced in.

Bitcoin (BTC) has rallied 5.2% in the last 24 hours, bouncing off two-month lows of $53,500 on July 4, and is currently changing hands for $62,550, per TradingView data.

Ben Simpson, the founder of crypto education platform Collective Shift told Cointelegraph that he believed Bitcoin’s “local bottom” had now been formed and believes BTC is now headed for an uptrend.

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Celeb NFTs and cringy ads — Analysts share their signs of a Bitcoin peak

December 11, 2023 Coin Telegraph

bull market

With a major rally expected sometime in 2024, industry watchers have shared the top signals they look for to indicate when crypto has reached peak euphoria.

Celebrities hocking nonfungible tokens (NFTs), big-budget crypto ads, and mainstream brands adopting crypto slang — these are the signs to watch for during the next bull market that could indicate a peak, according to crypto analysts.

The crypto industry is expected to see a major rally in 2024. In the past 90 days alone, Bitcoin (BTC) has surged to clock in a 74% price increase. Some analysts expect the next Bitcoin all-time high to come in late 2024.

But are there ways to indicate when the next bull market peak will come? Analysts think there is.

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Institutional Investors Forecast ‘Strong Year’ for Bitcoin — 65% Expect BTC to Hit $100K, Survey Shows

January 29, 2023 Bitcoin.com

Institutional Investors Forecast ‘Strong Year’ for Bitcoin — 65% Expect BTC to Hit 0K, Survey Shows

asset manager survey

A new survey shows that institutional investors expect “a strong year ahead for bitcoin” and are confident about the cryptocurrency’s long-term valuation. In addition, 65% of institutional investors surveyed agree that bitcoin could reach $100,000. ‘Strong Year Ahead for Bitcoin’ Nickel Digital Asset Management published the results of a survey Thursday showing how high institutional […]

crypto price