The Bitcoin network has recently experienced a significant increase in trading activity following the halving event. Despite the halving garnering attention for the cryptocurrency, the surge in trading can be attributed to the introduction of the Runes token standard. Data from on-chain analytics platform IntoTheBlock reveals that the number of daily BTC transactions has spiked
Bitcoin
The latest on-chain data reveals a troubling trend for the Bitcoin network, as high-value transactions have been steadily declining in recent weeks. This decline in activity has not gone unnoticed, as it mirrors the struggles of the premier cryptocurrency’s price to break out of consolidation during the month of April. The past week has been
Crypto expert Peter Brandt has recently suggested that the Bitcoin top for this market cycle may have already occurred. This conclusion is based on his “exponential decay” thesis, which he believes could actually benefit the Bitcoin ecosystem. Brandt points to historical data that indicates Bitcoin’s price may have peaked, citing a significant reduction in percentage
The recent buzz in the cryptocurrency world revolves around a deep learning model that projects a significant price increase for Bitcoin (BTC) in the near future. While this AI prediction has sparked excitement among investors, financial experts warn against blind faith in such forecasts. As Bitcoin continues to stagnate around the $64,000 mark, the market
The Spot Bitcoin ETFs have been facing a decline in demand since the beginning of the month, leading to significant outflows recorded on April 26. Investors have been pulling out of these ETFs, with Grayscale’s Bitcoin Trust (GBTC) experiencing the largest outflows of $139.4 million. Other funds such as Ark Invest, Valkyrie, Bitwise, and Fidelity’s
Renowned economist and Bitcoin critic, Peter Schiff, recently expressed his concerns about the future of Bitcoin. Schiff highlighted the importance of BTC maintaining a stronghold above $60,000 and warned investors of the potential consequences if the cryptocurrency fails to hold critical support levels. His somber prediction of a substantial price decline if Bitcoin drops below
Following the Bitcoin Halving event, the price of BTC experienced significant volatility before bouncing back and hitting the $66,000 mark. This surge in price has led top crypto analysts to make bullish predictions about the future trajectory of the coin. Captain Faibik, a well-known cryptocurrency analyst and trader, has made an interesting prediction that could
In the aftermath of the highly anticipated Bitcoin halving event, Bitfinex has released a report providing a thorough analysis of the current market dynamics surrounding Bitcoin. Despite the prevailing uncertainty in the United States economy, Bitfinex’s Alpha report, published on April 22, offers a positive outlook for Bitcoin based on on-chain data analysis. This article
The recent announcement by B3, a Brazilian stock exchange, regarding its inclusion of Bitcoin futures in its offerings has created quite a buzz in the cryptocurrency community. Following the launch of Bitcoin futures on April 17th, B3 witnessed an overwhelming response from investors, with more than 7,400 Bitcoin futures contracts actively traded on the debut
After the recent Bitcoin halving event, market experts are focusing on a potential bull run in the BTC market. A crypto analyst known as ecoinometrics has made a bold prediction regarding the price of Bitcoin in the current bull cycle. According to the analyst, if Bitcoin follows the growth patterns seen in previous bull cycles,
