The release of softer-than-expected U.S. inflation data has ignited bullish sentiment for riskier assets, with Bitcoin (BTC) leading the way. According to CoinDesk, Singapore-based QCP Capital said in a recent note to clients that favorable market conditions might push Bitcoin prices toward the $74,000 mark soon, driven by growing institutional […]
Selling pressure on the popular cryptocurrency exchange Coinbase has eased as the well-known Coinbase premium, which tracks the price difference of Bitcoin on Coinbase and other exchanges, has significantly narrowed. The “Coinbase Premium Gap,” as on-chain analysis firm CryptoQuant shows, has narrowed after dipping into significantly negative territory this week, […]
Matt Hougan, Chief Investment Officer of Bitwise Asset Management, recently published an in-depth analysis of the success of the 11 spot Bitcoin ETFs approved by the U.S. Securities and Exchange Commission (SEC) on 10 January 2024. Since their launch, these ETFs have attracted over $12.15 billion in assets, making them […]
Michaël van de Poppe is a well-known cryptocurrency analyst and trader. He is based at the Amsterdam Stock Exchange and is widely recognized for his insights into the crypto markets. Van de Poppe frequently shares his analyses and predictions on various social media platforms, particularly X. His expertise covers a […]
According to Bloomberg, the 90-day correlation coefficient between Bitcoin and the Nasdaq 100 index, a tech-heavy benchmark, reached 0.46 this week—the highest since late August. A coefficient of 1 indicates that assets move in perfect sync, while -1 suggests they move in opposite directions. Per the article, when the Fed […]
Bracebridge Capital, a Boston-based hedge fund managing roughly $12 billion in assets, has revealed a significant investment in spot Bitcoin exchange-traded funds (ETFs) totaling $363 million across three funds. According to a recent analysis from Bloomberg ETF analyst Eric Balchunas, Bracebridge Capital has added exposure to the flagship cryptocurrency Bitcoin […]
Willy Woo is a prominent figure in the cryptocurrency community, celebrated for his data-driven approach to market analysis and his insightful forecasts. Woo is the founder of The Bitcoin Forecast, a market intelligence newsletter that offers deep dives into the cryptocurrency markets. With a background in traditional finance and trading, […]
The price of the flagship cryptocurrency Bitcoin has recently recovered from a drop to a low under the $57,000 mark to now trade above the $62,000 mark, with one analyst suggesting BTC needs to remain above the $60,000 level to soon enter a parabolic phase. According to popular cryptocurrency analyst […]
Andrew Tate, a former kickboxer known for his controversial online presence, has said on social media he sold $500,000 worth of the flagship cryptocurrency Bitcoin (BTC) to join the current meme stock trend and invest in GameStop (GME) in a bid to cripple a hedge fund manager betting against it. […]
A popular cryptocurrency trader known for accurately predicting Bitcoin’s recent rise to a new all-time high ahead of its halving event has recently revealed he believes the price of BTC will surge to the $95,000 level “in just one move.” The analyst, responding to another popular cryptocurrency trader on the […]