Crypto funds experience the third consecutive week of outflows, with $435m leaving digital asset investments.
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Markets
Bernstein maintains $150K Bitcoin prediction despite ‘short-term pause’ caused by ETF flows
Bernstein analysts view the slowing spot bitcoin ETF flows as a "short-term pause" and maintain their $150K price target for BTC by end-2025.
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Bitcoin and Ether drop as US stagflation fears resurface
Bitcoin and Ether dropped over 2% Monday as crypto traders weighed renewed US stagflation fears against potential liquidity injections from the Treasury.
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Bitcoin’s range-bound action puts eyes on NEAR, AR, CORE and BONK
Bitcoin's range-bound price action could lead traders to focus on NEAR, AR, CORE and BONK.
Bitcoin (BTC) attempted to start a relief rally this week but met with intense selling pressure near $67,000. The largest cryptocurrency by market capitalization is on track to end the week with a minor loss of about 2%.
Popular trader and analyst Rekt Capital believes that Bitcoin has “entered the Post-Halving ‘Danger Zone’” where it could see a further dip within the next two weeks. Another negative in the near term is the net outflows from the spot Bitcoin exchange-traded funds. Farside Investors reported that the ETFs witnessed a net outflow of $218 million on April 25, after a $120 million outflow the previous day.
When the price trades in a large range, it is difficult to predict the direction of the breakout with certainty. Traders could buy near the support and sell at the resistance by keeping a suitable stop loss, or stay on the sidelines until a breakout happens.
Forbes lists XRP, ADA, LTC, ETC among top “zombie” tokens
Forbes unveils 20 "zombie" crypto tokens like XRP, ADA, ETC, LTC with high market values but lacking in utility and adoption.
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Price analysis 4/26: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB
Bitcoin and altcoins could be en route to retest their recent strong support levels as bears try to extend the correction.
Bitcoin (BTC) continues to trade inside a large range, suggesting indecision about the next trending move. Analysts trying to predict the direction are enthused by the $1.3 billion of USD Coin (USDC) transferred to Coinbase by whale addresses. Expectations are that the funds will be used to buy Bitcoin and Ether (ETH).
Large investors are not only buying the top two coins by market capitalization. CoinShares head of research James Butterfill said in a recent report based on a survey of 64 institutional investors that 15% of the respondents had invested in Solana (SOL). In comparison, none of the investors held Solana in the firm’s January survey.
Morgan Creek Capital CEO Mark Yusko said in a recent interview with The Wolf Of All Streets podcast that about $300 billion of baby boomers’ wealth is likely to enter into digital assets within 12 months. This inflow could boost the cryptocurrency market capitalization to $6 trillion.
Insights from Token2049: How crypto wealth is made
Attendees at Token 2049 in Dubai shared their personal stories on how they became rich.
Crypto conferences are hotspots for people who accumulated vast wealth by taking advantage of the rapid growth of digital assets. At Token2049 in Dubai, United Arab Emirates, Cointelegraph's Bradley Peak caught up with attendees to uncover the secrets behind their wealth.
The stories he heard were as diverse as the people themselves. Some were lucky or smart enough to invest in Bitcoin (BTC) early on, riding its surge and cashing out at the right moment. Others proudly declared themselves as "diamond hands," holding onto their Bitcoin through thick and thin, reaping the benefits as its value soared.
In the crowd were savvy traders who navigated the complexities of financial instruments like options and futures contracts, turning their expertise into profits. And then there were the fintech entrepreneurs who had built successful ventures within the crypto space, now enjoying the rewards of their hard work.
Bitcoin chart bull flag is a ‘strong bullish setup’ — Analyst
Bull flags are historically associated with more upside momentum, but Bitcoin price could still use a catalyst before rallying to new highs.
Bitcoin (BTC) printed a bull flag on the daily chart, a technical chart pattern associated with strong upward momentum for the asset. Could it signal the start of the post-halving bull run?
Bitcoin printed a bull flag pattern on the daily chart on April 26, according to an X (formerly Twitter) post by popular crypto analyst Mikybull, who wrote:
The current chart formation is “a strong bullish setup,” according to Denis Baca, financial analyst and head of product at Zivoe. Baca told Cointelegraph:
Solana sees ‘dramatic increase’ in Institutional demand — CoinShares
A recent survey shows Solana leading a rise in institutional demand for altcoins, with a dramatic increase in allocations to SOL.
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Bitcoin’s funding rate flattens, but should BTC bulls rejoice and buy the dips?
Bitcoin bulls tend to celebrate when BTC’s funding rate is negative, but is it really a “generational buying opportunity?”
The demand for leveraged buyers using Bitcoin (BTC) perpetual futures has dropped to its lowest levels in over six months, a trend some analysts consider extremely bullish. However, the BTC futures funding rate, which measures the demand between longs (buyers) and shorts (sellers), is greatly influenced by past performance, as historical data indicates.
Let’s dig in to whether or not Bitcoin’s flat funding rate is a sign of a buying opportunity.
Bitcoin’s funding rate fee is implemented by exchanges to manage the use of leverage since every trade involving perpetual contracts requires a buyer and a seller of equal size. When buyers are more aggressive, the funding rate becomes positive, indicating that they are paying for the use of leverage. Essentially, one side compensates the other, ensuring the exchange does not hold exposure risk.