Bitcoin: 3 key narratives that could influence BTC prices this week
Bitcoin has edged higher above $63,000 as the new week unfolds several narratives that could influence prices. The Federal Reserve minutes, CPI data, and Q3 earnings could drive further price gains. Bitcoin [BTC] has traded rangebound between $60,000 and $64,500 in the last seven days. The choppy price movements with no clear trend show a […]
Bitcoin faces derivative pressure : Is Q4 breakout at risk?
BTC has reclaimed the $63K range, fueled by a short squeeze, sparking market anticipation. Yet, a substantial breakout remains unlikely. The market is buzzing with anticipation as Bitcoin [BTC] reclaims the critical $63K mark. BTC was trading at $63,413 at press time, signaling the potential for a strong Q4 breakout. This recovery follows a brief […]
‘Memecoin supercycle’ begins? Investors excited as POPCAT outshines Bitcoin
The memecoin supercycle is gaining momentum as market optimism rises. Some memecoins are diverging from Bitcoin’s volatility, ready to lead. Bitcoin [BTC] nearly reached the $64K mark during the early hours of Monday, coinciding with a pivotal week for U.S. economic data. This set off a market-wide rally, with POPCAT and MOG, leading the charge, […]
Bitcoin: 3 key narratives that could influence BTC prices this week
Bitcoin has edged higher above $63,000 as the new week unfolds several narratives that could influence prices. The Federal Reserve minutes, CPI data, and Q3 earnings could drive further price gains. Bitcoin [BTC] has traded rangebound between $60,000 and $64,500 in the last seven days. The choppy price movements with no clear trend show a […]
Bitcoin faces derivative pressure : Is Q4 breakout at risk?
BTC has reclaimed the $63K range, fueled by a short squeeze, sparking market anticipation. Yet, a substantial breakout remains unlikely. The market is buzzing with anticipation as Bitcoin [BTC] reclaims the critical $63K mark. BTC was trading at $63,413 at press time, signaling the potential for a strong Q4 breakout. This recovery follows a brief […]
Japan’s Metaplanet expands Bitcoin portfolio with latest purchase
Metaplanet expands BTC holdings, securing 108.78 more Bitcoin amid bullish market sentiment. U.S. Bitcoin ETFs now hold 4.6% of the supply, which is nearing Satoshi’s total holdings. Bitcoin’s [BTC] recent price activity has drawn attention as it fluctuated from nearly $66,000 at the end of September, dipping to $60,000 on 1st October, before bouncing back. Trading […]
Is 2024 the year Bitcoin hits $100K? Key indicators, demand suggest…
Bitcoin could hit a milestone in Q4. BTC price surged by up to 171% in the past halving years, and 2024’s trajectory mirrors those patterns. Bitcoin [BTC] is expected to reach new highs in the range of $85,000-$100,000 in Q4 2024. Growing demand, historical seasonal movements, and on-chain metrics are driving this price march upwards. […]
Bitcoin miners’ exit confirm $61K support – Why this is key for October’s rally
Bitcoin miners exiting the cycle may signal a market bottom, paving the way for fresh interest And yet, specific conditions must align for a confirmed bull rally A week of bearish downturn saw Bitcoin [BTC] fall below $61k from its previous $65k resistance. However, at press time, optimism seemed to be brewing in the market, […]
BlackRock and Fidelity lead the ETF market despite multiple challenges
Bitcoin ETFs IBIT and FBTC excelled with over $10 billion in assets amid the market downturn. Ethereum ETFs struggled, facing cumulative outflows as Bitcoin and Ethereum prices declined. As the cryptocurrency market grapples with a broader downturn, Bitcoin [BTC] ETFs are not immune to the prevailing trends. Recent reports from Farside Investors reveal that BTC […]
Bitcoin sentiment in fear zone – Is now the time to buy BTC?
The market sentiment is back to fear for Bitcoin. BTC holding above the mean threshold of the channel. The cryptocurrency market remains highly sensitive to global events, especially Bitcoin [BTC], with sentiment constantly shifting between fear and greed. Recently, geopolitical disturbances, particularly in the Middle East, have triggered fear among investors, pushing BTC sentiment back […]