Author: Maria

The price of Bitcoin (BTC)  rose by 7.99% in the past week to reach a new all-time high of $99,655 on November 22. Thereafter, the maiden cryptocurrency has experienced a slight retracement in the past 48 hours falling to around $98,200. However, speculations of a major price correction continue to emerge considering BTC’s impressive price rally over the past seven weeks. Why Bitcoin Must Move Above $100,535 – Analyst In an X post on November 23, Ali Martinez shared an intriguing prediction on Bitcoin’s potential price movement. According to the popular crypto analyst, the TD Sequential, used to spot potential…

Bitcoin has often been referred to as the “digital gold,” as it has proven to be a unique asset class and, more importantly, a reliable store of value over the years. While gold surely outpaces BTC in age, both assets are commonly used by investors as a hedge against economic instability and inflation. Interestingly, there is almost always a positive correlation between Bitcoin and gold, leading to limited diversification opportunities for investors. However, the latest data shows that the premier cryptocurrency and the precious metal have been decoupling from each other in recent weeks. BTC Is Losing Correlation With Gold…

As MicroStrategy continues to reap success with its aggressive Bitcoin play, it’s only a matter of time before other companies tread in the same path. Genius Group, an AI-focused and Bitcoin education firm, is the latest one to the bandwagon. According to a press release, Genius Group said that it had bought 110 Bitcoins for a sum of $10 million at an average price of $90,932. This purchase sets up the company’s first “Bitcoin treasury,” an essential step towards its plans to implement a “Bitcoin-first policy,” which it initially outlined in 2023. Under its Bitcoin-first policy implemented last year, the…

The Bitcoin price rally towards the $100,000 mark is the talk of the crypto industry. Notably, the Bitcoin price has reached new all-time highs for four consecutive days on the path to this $100,000 price level, with the latest being an intraday high of $99,645 in the past 24 hours.  Interestingly, the ongoing bullish sentiment suggests this rally is far from over. According to one crypto (Stockmoney Lizards), Bitcoin is still in the middle of its projected peak this cycle, and the current pump is just one phase of a larger upward trajectory. Satoshimeter Says Bitcoin Price Still Has A…

Following the events of the past week, it is more of a matter of “when” rather than of “if” the Bitcoin price will hit a historic six-figure value. The crypto commentary channels and waves have been largely occupied with the premier cryptocurrency potentially reaching $100,000 over the last few weeks. A six-figure value for BTC is not only an impressive milestone for the entire crypto industry but also one that comes with “unfavorable” events such as liquidations for short traders. Here is an on-chain insight into “what next” if the Bitcoin price climbs above $100,000. What’s Next For BTC’s Price…

Data shows the Ethereum derivatives-related metrics have shot up recently, a sign that the price is at risk of going through a volatile storm. Ethereum Open Interest & Leverage Ratio Have Both Spiked Recently In a CryptoQuant Quicktake post, an analyst has discussed about the trend in the derivatives indicators of Ethereum. The metrics in question are the Open Interest and the Estimated Leverage Ratio. First, the Open Interest keeps track of the total amount of ETH-related contracts that are currently open on all derivatives platforms. The metric naturally takes into account for both long and short positions. When the…

Ethereum (ETH) has been underperforming in this cycle, trailing far behind Bitcoin’s impressive rally to new all-time highs. While Bitcoin captures headlines with its continued surge, ETH struggles to reclaim its yearly highs, leaving many investors questioning its next move. Despite the lackluster price action, data from CryptoQuant CEO Ki Young Ju reveals a silver lining for ETH holders. According to Ju, many ETH investors are enduring unrealized losses, reminiscent of ETH’s early 2020 bottom before its explosive bull run. This suggests that the current market conditions might offer a unique opportunity for long-term ETH investors. Ju’s analysis highlights that…

Bitcoin continues to record significant price leaps following a 19.28% gain in the past seven days. The premier cryptocurrency is replicating another bullish Q4 particularly boosted by multiple factors as it gradually approaches the $100,000 price target. However, crypto analyst Ali Martinez has revealed a vital condition for the market bulls to sustain the current momentum. Why $91,900 Is Crucial To Bitcoin Donald Trump’s electoral victory coupled with recent Federal Reserve rate cuts have spurred Bitcoin to multiple all-time highs over the last two weeks. On Thursday, the crypto market leader hit a new peak of $93,434 and has since…

A financial research company analyst expects Bitcoin to continue its price surge until year-end as it rides on bullish technical indicators and increasing market demand. In a CNBC interview uploaded via YouTube, Fundstrat’s Tom Lee shared his thoughts on Bitcoin’s continuing dominance in the context of incoming US President Donald Trump’s convincing election. Bitcoin’s price is currently trading at the $91k level, and Lee expects that the top digital asset will consolidate near the $90,000 level, with its technicals setting it up for a sustained run. According to technical analysts, Bitcoin is on its fifth Elliot Wave cycle, indicating an…

Spot Bitcoin ETFs hurdle its biggest legal roadblock to date after the US Commodity Futures Trading Commission (CFTC) clarified that it’s no longer taking a role in clearing BTC ETF options. In a staff advisory dated November 15th, the CFTC, through its Division of Clearing and Risk, announced that it was transferring the approving authority to the Options Clearing Corporation (OCC). According to ETF analyst Eric Balchunas, the OCC is under pressure now and will probably list these ETFs soon. At this point, only the OCC has the mandate to settle the listing of the ETF options. Approval of these…