Bitcoin Crypto Signals

2024-03-27 20:01:04 Bitcoin ETFs break trend recording modest inflows as GBTC continues outflow

According to data from BitMEX, the Bitcoin (BTC) ETF market experienced its first day of net inflows since March 15, collecting a modest $15.7 million, or 221.2 Bitcoin. This event paused five consecutive days of net outflows and represented the second-smallest day of inflows recorded. Despite this positive shift, the larger narrative remained overshadowed by the substantial outflows from GBTC, which amounted to $350.1 million or 4,933.7 BTC. Consequently, GBTC’s cumulative outflows have reached $14,150.6 billion, equivalent to 275,059 BTC.

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2024-03-21 19:44:58 Bitcoin Halving May Have a Positive Impact on Prices, But Other Factors Still at Play: Coinbase

Historical precedent suggests that bitcoin’s (BTC) recent strong performance will continue into and after the upcoming halving, as the event reduces the supply of new BTC, but investors should be wary of this view, Coinbase (COIN) said in a research report on Wednesday. The world’s largest cryptocurrency rose an average of 61% in the six months before prior halvings and gained an average of 348% in the six months after, Coinbase noted.

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2024-03-18 20:32:01 BTC and ETH Derivative Tokens Dominate by Securing Several Top Positions in the Crypto Economy

Throughout this month, bitcoin and ethereum have risen to their highest valuations in years. These two pivotal crypto assets have substantially influenced the cryptocurrency market, with bitcoin currently holding a 51.9% market dominance and ethereum at 17% as of mid-March 2024. Furthermore, in recent years, derivative tokens of bitcoin and ether have garnered significant popularity. Among these, STETH and WBTC stand out as preeminent, ranking within the top 20 of the crypto economy’s market capitalizations.

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2024-03-10 21:45:26 BlackRock's Bitcoin ETF Nears 200K BTC, Passing Michael Saylor's MicroStrategy

In less than two months of existence, the BlackRock iShares Bitcoin ETF (IBIT) has accumulated more bitcoin (BTC) than MicroStrategy (MSTR). According to the fund's latest disclosure, IBIT held 195,985 bitcoin on Friday after another day of significant inflows. Meanwhile, the most recent public statements from MicroStrategy show the company as of Feb. 26 held 193,000 tokens.

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2024-03-09 10:20:15 Bitcoin Will Likely Reach $250k This Cycle, Says Lead Glassnode Analyst

Bitcoin (BTC) will blow past $250,000 this cycle thanks to years of HODLer conviction slingshotting its price to the moon, according to lead Glassnode analyst James Check. In an interview with What Bitcoin Did on Thursday, the analyst broke down why the Bitcoin market appears far more robust compared to the last time the asset’s price touched $69,000.

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2024-03-04 13:10:00 Bitcoin price climbs above $64,000 briefly, BTC futures open interest hits all-time high

The price of bitcoin rose above the $64,000 mark at one stage on Monday morning in Asia, swinging around 7% away from the cryptocurrency’s all-time high set in November 2021, according to The Block’s Price Page. As of 9:30 a.m. Hong Kong time, the world’s largest cryptocurrency by market cap, traded at around $63,500, rising 3.4% in the last 24 hours. The GMCI 30 Index, measuring the performance of the top 30 cryptocurrencies, was at 137.39, up 2.21% in 24 hours.

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2024-03-03 23:55:34 Bitcoin consolidating above $62k as bull market indicators start flashing

The crypto market has entered March with its foot firmly on the accelerator despite showing signs of a slight slowdown from its recent rapid ascent. Bitcoin (BTC) has continued to hover around the $62,000 mark, showcasing a resilient stance amid varying market sentiments after its remarkable rally past the $60,000 threshold to a high of $64,000 at the end of February. BTC was trading at $62,130 as of press time, with a market cap of $1.22 trillion, based on CryptoSlate data.

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2024-02-28 13:05:17 Bitcoin Bulls Target $69K Lifetime Highs Ahead of Halving

Euphoric sentiment, institutional buying demand, and historical gains linked to bitcoin’s (BTC) halving event are putting the asset on track to cross its lifetime highs of $69,000 in March, some traders say. Bitcoin halving has always been associated with bull rallies, with the asset’s prices increasing by several hundred percent in the months following previous events. Halvings happen about every four years and decrease the block rewards to miners.

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2024-02-23 17:40:27 Bitcoin hits new all-time highs against 14 national currencies – Balaji

Analysis shared by Network State author Balaji Srinivasan indicates that Bitcoin has surpassed its all-time highs against currencies of fourteen different countries, which collectively represent over a billion people and account for more than $7 trillion in GDP. Among these countries are Argentina and Japan, which just entered a technical recession due to their recent economic developments.

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2024-02-22 11:29:01 Bitcoin call options cluster above $60,000 indicating post-halving bullish sentiment, analyst says

According to one analyst, bitcoin options are signaling a bullish sentiment post-halving, evidenced by the strike positioning and put-call ratio for the end-of-month expiry in June. "The June expiry is a good gauge for halving sentiment and our charts shows much more upside positioning. The put-call ratio is significantly lower in June, at 0.28 versus 0.55 for March, and strike positioning is also higher," Deribit Chief Commercial Officer Luuk Strijers told The Block.

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