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Bitcoin Price Rally Failed to Attract Active Users, Exchange Flows Reveals 'Lackluster' Demand – Glassnode
24.8.2022
The recent uptrend for bitcoin (BTC) did not attract a new wave of active users, while exchange flows also suggest a “relatively lacklustre influx of capital,” the on-chain analytics firm Glassnode has found....
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Analysts Discuss 'Inherent Resilience' in Bitcoin & Crypto as Rally Fades
8.7.2022
Major cryptoassets gave back some of their previous gains in early European trading on Friday after a strong overnight session that briefly sent bitcoin (BTC) above the USD 22,000 mark, helped by improving risk sentiment on Wall Street on Thursday. Despite the losses in early trading, the coin...
Bitcoin, Ethereum Struggle a Day After Fed's Record Rate Hike as Analysts Hope for a Bounce
16.6.2022
The bitcoin (BTC) and broader crypto market failed to recover higher and returned to the selloff on Thursday, after a brief rally following the US Federal Reserve’s (Fed) announcement on Wednesday that it had raised rates by 75 basis points, its largest rate hike since 1994....
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Bitcoin Historical Performance is No Guide for the Future in 2022
8.6.2022
May turned out to be yet another disappointing month for bitcoin (BTC), despite promising predictions based on its historical performance. So, with that in mind, how reliable really are historical patterns for the price of bitcoin today?
Using crypto exchange Kraken’s monthly market outlook...
Bitcoin Ends Record-Long Losing Streak, BTC Inflows Grow, Ethereum Sees Outflows
6.6.2022
As bitcoin (BTC) ended a 9-week-long losing streak on Sunday, when a green weekly candle finally appeared on the bitcoin chart. The positive weekly close kicked off a green start of the new week on Monday, with gains across the board in the crypto market....
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Sideways Markets Not a New Thing for Bitcoin: An Overview of Bitcoin Consolidations
27.5.2022
Bitcoin (BTC) trading sideways may be boring for those trying to profit from the price swings, but it is far from a new thing for the original cryptocurrency to do (relatively) nothing....
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After the Terra LUNA Fallout, Bitcoin Dominance Climbs Higher While Ethereum’s Valuation Shrinks
27.5.2022
Following the Terra LUNA and UST fallout, digital currency markets have dropped in value as the crypto economy dropped 6.93% from $1.356 trillion on May 22, to today’s $1.262 trillion. Amid the market carnage, bitcoin’s market dominance has increased to 43.8%, reaching the highest...
Fed Has ‘Limited Firepower’ for Rate Hikes, Current Expectations Already Priced in for Bitcoin - CoinShares
27.5.2022
The US Federal Reserve (Fed) has “limited firepower” to raise interest rates due to high oil prices and a threat of recession -- and this could lead to higher bitcoin (BTC) prices, the crypto research and investment firm CoinShares has said. Meanwhile, others also remain positive for...
Not bothered: Miners ‘not impacted by volatility’ in Bitcoin market
12.5.2022
In the face of extreme fear in the Bitcoin market, miners are unfazed and may even welcome a downturn as it opens up the opportunity to gain more hash power
Bukele Showcases Bitcoin City Plans and ‘Buys the BTC Dip’ Amid Stark Warning
10.5.2022
After weeks of silence on all things bitcoin (BTC)-related, El Salvador’s outspoken President Nayib Bukele has taken to Twitter to announce that his government has bought USD 15.4m worth of BTC – and to showcase plans for Bitcoin City. However, voices of opposition are continuing to issue...
Bitcoin Slides Below USD 33K, Analysts Look for Possible Bottom
9.5.2022
Bitcoin (BTC) crashed to its lowest level since last summer as the number one cryptocurrency hit the USD 32,000 level. The Monday crash came as the broader crypto market sold off over the weekend, led by falling stock prices and fears that terraUSD (UST) could lose its dollar peg. Meanwhile...
Short-Term Relief Bitcoin Rally Likely After ‘Optimistic’ Powell, Major Bottom Could be Forming – Analysts
5.5.2022
Bitcoin (BTC) and the broader crypto market went into a relief rally over the past day, after an expected 0.5 percentage point rate hike in the US and an “optimistic” outlook from US Federal Reserve (Fed) Chair Jerome Powell. According to one analyst, a major bottom could now be forming...
First Mover Americas: Spot ETF Speculation Grips Bitcoin Market
7.4.2022
The latest moves in crypto markets in context for April 7, 2022
Crypto Market Sentiment Improves on Bullish News as Bitcoin Flirts with USD 45K
25.3.2022
Prices of nearly all major cryptoassets traded higher today, as sentiment among market participants improved following a Russian idea (a very preliminary one) of accepting bitcoin (BTC) for oil & gas, news that an oil giant is mining BTC, and speculations that a bitcoin spot-based...
The Ukraine War: How Russia’s Aggression Affected Bitcoin & Crypto and What Might Happen Next
20.3.2022
More than three weeks in and the Ukraine-Russia war is still raging, despite negotiations over a possible peace settlement. While the human costs of the war are something that can never be repaid, the war has also had a noticeable impact on the global economy and financial markets, including...
Bitcoin Consolidates as Fed Starts Two-Day Meeting
15.3.2022
Bitcoin (BTC) trimmed some of its losses from earlier in the day on Tuesday as market participants turned their focus to the expected interest rate hike by the US Federal Reserve on Wednesday.
At 16:56 UTC, the price of BTC stood at USD 39,199, up a mere 0.7% for the past 24 hours and 3%...
Bitcoin Rally Gets Support From ‘Watershed’ Executive Order, Rising Stock Market
9.3.2022
Traders bid the price of bitcoin (BTC) up strongly in the market today even before a new Executive Order by US President Joe Biden laid out plans for what was seen as a positive approach to digital assets. Also, an improved sentiment sent US stock futures higher, helping BTC too....
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Bitcoin Falls on Stronger Dollar, Shows Signs of ‘Maturing as Digital Collateral’
4.3.2022
Bitcoin (BTC) kept falling on Friday as the US dollar jumped higher following strong economic data that showed the number of jobs created in the US rose much more than expected.
As of Friday at 17:15 UTC, BTC stood at USD 40,879, down almost 4% for the day but up 7% for the past 7 days. At...
Bitcoin Pushes Higher Again with Ukraine War Turning into ‘Great Test Case’ for BTC
1.3.2022
Bitcoin (BTC) and the broader crypto market continued to rise strongly today, as more analysts drew a parallel between the current market action and bitcoin’s role as sovereign money in a world heavily impacted by war and sanctions. According to the crypto exchange Bitfinex, the war in Ukraine...
FTX CEO weighs in on Bitcoin market outlook amid Ukraine crisis
24.2.2022
Bitcoin’s correlation with the U.S. equity market could be one reason for its current decline, but Eastern European money destabilization could push BTC as “crisis” hedge