Crypto News Center

Aussie Analyst Says Recurring Bitcoin Pattern Signals Potential Price Explosion

The crypto world has surged with optimism following Donald Trump’s election, driven by hopes for improved regulatory clarity and innovation. Aussie analyst Jason Pizzino highlighted broader macroeconomic trends, noting that major indices like the S&P 500 are hitting all-time highs. Pizzino noted that Bitcoin has entered an accumulation phase, which has both followed and preceded historic all-time highs, potentially signalling further bullish momentum in the coming weeks. He believes that...

BlackRock, Fidelity Combined Hold Almost 2.5% of Total BTC Supply in Their ETFs

BlackRock’s IBIT and Fidelity’s FBTC funds combined account for 2.5% of the total Bitcoin supply, representing over US$30 billion. IBIT holds 347,766.96 BTC worth US$20.32 billion, doubling the BTC count of Fidelity’s FBTC. Institutional investors like governments, public and private companies, and funds now hold a substantial and increasing share in the global Bitcoin market. BlackRock’s iShares with its IBIT and Fidelity’s Wise Origin Bitcoin FBTC funds now account for...

On the Radar – Coins to Watch 18/07

Ethereum ETF launch date speculation for July 23rd.  Bitcoin breaks back above $60,000 USD and is at a crossroads.  Altcoin analysis: AAVE and PEPE The markets have rallied impressively this week, with Bitcoin surpassing $60,000 USD early this week and altcoins following. The total crypto market cap has increased by 5.7% to $2.31 trillion USD. Ethereum has gained 5.3% this week amid growing speculation that US Exchange-Traded Funds (ETFs) are...

Schiff says ‘Bitcoin promoters have corrupted many’ as BTC surges past $82K

Journalist Posted: November 12, 2024 Share this article Bitcoin continues to make new ATHs. Critic believes Trump’s pro-Bitcoin stance was just a tactic for votes. Bitcoin’s [BTC] meteoric rise has captured global attention, reaching new record highs every day. The coin soared to a historic peak of over $82,300 as well.  At press time, it was trading at $82,025—an impressive 120% gain over the past year. This rally has been...

Bitcoin’s Next Move: Is BTC Headed For A Big Breakout Or Decline?

You are here: Home / News / Bitcoin’s Next Move: Is BTC Headed For A Big Breakout Or Decline? Bitcoin faces critical support test after rejection at key resistance level, signaling potential consolidation. Hidden bullish divergence suggests Bitcoin may bounce back, but key resistance and support levels will decide. Altcoin season heats up as Ethereum breaks key resistance, signaling strong growth in the broader crypto market. Crypto Rover has explained...

Bitcoin Price Holds Support: Ready to Spring Back?

Bitcoin price remained supported above the $94,200 zone. BTC is forming a base and might start a fresh increase above the $98,000 resistance. Bitcoin started a fresh decline below the $98,000 support zone. The price is trading below $97,500 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $97,800 on the hourly chart of the BTC/USD pair (data feed from Kraken)....

US SEC chief Gensler to step down on Jan. 20

Synopsis SEC Chair Gary Gensler, known for his ambitious agenda to regulate Wall Street and the crypto industry, will step down on January 20th. During his tenure, Gensler oversaw new rules to boost transparency and reduce risks in financial markets, as well as enforcement actions against firms using unauthorized communication channels and cryptocurrency exchanges. Reuters Gary Gensler U.S. Securities and Exchange Commission Chair Gary Gensler will step down on Jan....

Bitcoin Retail Demand Hits 3-Year Low as BTC Struggles to Hold Over $64K

Bitcoin has recovered to US$63,733 after the crash to US$54,000 marking an 18.5% gain. Despite positive market indices, social commentary on Bitcoin has fallen, and short positions have increased. Retail interest in Bitcoin remains low, potentially impacted by the popularity of Spot Bitcoin ETFs and meme investments. The crypto Fear & Greed Index has returned to neutral after spending the beginning of July in fear terrain. This comes as Bitcoin...

Michael Saylor’s ‘No Second Best’ Holds Strong as BTC Outpaces Hypothetical ETH Investment 

Based on blockchaincenter.net’s “there is no second best” index—drawing from Michael Saylor’s well-known remark—Microstrategy’s strategy of purchasing bitcoin outshines what the company would have gained if it had opted for ethereum instead. Microstrategy’s Bitcoin Holdings Deliver, Leaving Ethereum Alternatives Behind Over the past month, bitcoin has held its own, but ethereum (ETH), the second-largest cryptocurrency by market cap, hasn’t kept up. For instance, bitcoin (BTC) climbed 18.8% over the past...

WTI continues to rise toward $69.00 due to improved demand outlook in China

WTI price appreciates as China announced plans to adopt proactive fiscal stimulus measures next year. API Weekly Crude Oil Stock rose by 0.499 million barrels against an expected decrease of 1.30 million barrels. Traders are anticipating the upcoming OPEC Monthly Oil Market Report to evaluate crude Oil market trends for the year ahead. West Texas Intermediate (WTI) Oil price extends its gains for the third successive session, trading around $68.80...