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Bitcoin Sees Selling Pressure From Miners and Long-term Holders Amid Drop to $64K: Bitfinex

Last week marked a notable shift in the dynamics of the crypto market. Bitcoin (BTC) lost over 6% of its value, and U.S. spot Bitcoin exchange-traded funds (ETF) broke their…

Continue ReadingBitcoin Sees Selling Pressure From Miners and Long-term Holders Amid Drop to $64K: Bitfinex

Hawkish FOMC Meet Triggers Bitcoin Outflows: Investment Products Bleed $621M

A hawkish-than-expected FOMC meeting drove investors to scale back their exposure to fixed-supply assets, which in turn resulted in digital assets investment products seeing outflows of $600 million. This represented…

Continue ReadingHawkish FOMC Meet Triggers Bitcoin Outflows: Investment Products Bleed $621M

Important Ripple v SEC Developments, Bitcoin (BTC) Price Swings, and More: Bits Recap June 17

TL;DR Bitcoin’s price has been on a downtrend lately, but indicators like negative exchange netflow and a declining MVRV ratio suggest a potential bullish reversal. The SEC reduced its penalty…

Continue ReadingImportant Ripple v SEC Developments, Bitcoin (BTC) Price Swings, and More: Bits Recap June 17

Can Bitcoin (BTC) Reach $100,000 if Donald Trump Becomes US President Again (ChatGPT Speculates)

TL;DR Donald Trump promises to support Bitcoin and crypto mining if elected, which could result in surging BTC prices (according to ChatGPT). Broader economic conditions, such as inflation and Federal…

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Bitcoin Price Loses $5,000, Meme Coins Take a Hit as Market Downturn Amplifies: This Week’s Crypto Recap

The cryptocurrency market experienced a sharp decline during the evening of last Friday. Bitcoin’s price crashed below $70K, prompting a considerable market sell-off. The total capitalization is down by about…

Continue ReadingBitcoin Price Loses $5,000, Meme Coins Take a Hit as Market Downturn Amplifies: This Week’s Crypto Recap