Having achieved its highest value ever on March 5, 2024, precisely at 10:03 a.m. Eastern Time (ET) on Tuesday, the price of bitcoin has declined by more than 11% against the greenback at 3:00 p.m. ET. Currently, bitcoin boasts a global trading volume of $ 52.34 billion, contributing to the total $ 275 …
Veteran trader Peter Brandt has provided an update on his bitcoin price prediction. He explained that the price target for “the current bull market cycle” scheduled to end in Aug/Sep next year has been raised from $ 120,000 to $ 200,000. Peter Brandt on Bitcoin Bull Market Cycle Peter Brandt provided an update …
For many advocates, the green light for a spot bitcoin ETF (exchange-traded fund) signifies a pivotal moment in the progression of digital assets. Pantera Capital’s Dan Moorehead views this evolution not merely as another chapter in the crypto narrative, but as a transformative leap in the recognition and accessibility of bitcoin for investors. As the […]
New research shows bitcoin investors are rotating from long-term holders to short-term speculators, indicating the cryptocurrency market is recovering from the lengthy bear market. Study Indicates Crypto Winter Recovery as Long-term Holders Give Way to Short-term Speculators A recent report by the onchain analytics firm Glassnode examines how bitcoin (BTC) changes hands between investors over […]
With just a four-day window to go, the U.S. Federal Reserve appears primed to raise the federal funds rate by 25-basis-points (bps) at the forthcoming Federal Open Market Committee (FOMC) meeting scheduled for Wednesday. The market presently maintains the conviction that this quarter-point uptick is inevitable, and a group of 106 economists, according to a […]