It was a wild week for Bitcoin, which rose to a new all-time high of $73,777 but then quickly gave back all its gains and dropped near $64,500. As of publication time, Bitcoin is on track to end the week down marginally by about 1% over the previous week’s close. Analysts anticipate a shallow correction […]
Cryptocurrency
Bitcoin (BTC) Price Prediction For Coming Months
On the latest Crypto Rus show, host George talked about Bitcoin’s recent big wins and said it hit another all-time high today, breaking its record easily. Even though it went up and down a bit, Bitcoin keeps climbing, showing it’s tough even when the market gets shaky. With Bitcoin’s relentless climb to new highs and […]
Could Bitcoin Be a Billionaire Maker?
If Bitcoin continues to soar in price, could some crypto investors become billionaires? With Bitcoin (BTC 2.19%) surging past the $70,000 price level to set a new all-time high, crypto investors are naturally starting to wonder just how much higher it can go. Cathie Wood of Ark Invest is now predicting that Bitcoin could hit a price of $1 […]
Gold Investors Aren’t Switching Into Bitcoin, JPMorgan Says
Institutional investors and individuals have been buying both gold and bitcoin (BTC) this year, not switching between the two, as some analysts have postulated, JPMorgan (JPM) said in a research report on Thursday. Outflows from gold exchange-traded funds (ETFs) and a surge in bitcoin ETF inflows raised the possibility that investors were shifting from the precious metal into the […]
Bitcoin may start to lose its reputation as a volatile asset. Here’s why
Bitcoin may start to lose its reputation as a volatile asset. According to Bitwise Asset Management’s Matt Hougan, the cryptocurrency’s wild price swings have come down substantially over the past decade. “What’s driving the bitcoin market right now is a simple demand-supply imbalance,” the firm’s chief investment officer told CNBC’s “ETF Edge” on Monday. “We […]
Here’s Why Bitcoin Is a Better Asset to Buy and Hold Than Gold
Bitcoin‘s (CRYPTO: BTC) price has been on an absolute tear. Since the start of 2023, this digital asset has soared 311%, thanks recently to the approval and launch of spot exchange-traded funds. It’s interesting to note that gold has also been experiencing bullish sentiment. Its price is in record territory as well. But when comparing these two assets, it’s strikingly obvious […]
Why Qatar’s $500B Bitcoin investment is highly unlikely
Rumors of a massive Bitcoin purchase from the Qatar Investment Authority (QIA) are unlikely to materialize, a local financial executive told Cointelegraph. The speculation was spread by Bitcoin enthusiasts on X (formerly Twitter) over the past weeks, suggesting Qatar’s sovereign wealth fund could soon add $500 billion in BTC to its portfolio. However, the probability of such […]
How low can BTC price go? Bitcoin analysis points to $45K
Bitcoin can dip much lower and still preserve its bull market and historical track record. That is according to the latest BTC price analysis, which paints an optimistic picture of how BTC/USD is performing despite a 10% dip in 24 hours. BTC price bull market pullbacks often near 40% Bitcoin is still following the classic road to […]
Bitcoin shows its volatility once again in steep overnight decline, now back below $70,000
Bitcoin suffered a steep drop in overnight trading, showing that the world’s largest cryptocurrency hasn’t shaken its tendency for big drops despite continuing to gain acceptance within the mainstream financial world. Data from Coin Metrics shows bitcoin was trading above $72,000 late Thursday night before falling to about $67,000 on Friday, a decline of roughly […]
Bitcoin’s sudden 7% retreat sees $660M in liquidations over a day
The price of Bitcoin plunged amid a hectic day that saw crypto liquidations topped $661 million over past 24 hours, affecting nearly 200,000 traders. In early trading on March 15, Bitcoin shed 7.5% in just a few hours falling from $72,000 to $66,500. The asset rebounded slightly to reclaim the $68,000 level before getting rejected […]