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Bitcoin Price Analysis: Amid Rumors of Approval of Futures-Backed ETF, Can BTC Overcome $60K?

BTC continues to show strong momentum despite elevated open interest and funding rates, a near-term cautious signal. It appears the anticipation of a futures-backed BTC ETF has fueled the rally…

Continue ReadingBitcoin Price Analysis: Amid Rumors of Approval of Futures-Backed ETF, Can BTC Overcome $60K?

Current Bitcoin Rally Driven by Whales, No Big Short Positions Liquidated Yet: Analyst

Bitcoin’s price rallied to $60K today for the first time since April. The CEO of a well-known data analytics company revealed that the move has been driven largely by whales…

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Bitcoin Touched $60K on Reports that SEC-Approved Futures ETF is Closer than Ever

Following reports that the SEC could greenlight a Bitcoin Futures ETF as early as next week, the price of the cryptocurrency skyrocketed to a six-month high above $60,000. Citing people…

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Third-Largest Bitcoin Whale Sold at $56K and Bought Back at $57K a Day Later

One of the largest Bitcoin whales, who has been quite active lately, sold 1,500 coins at $56,200 yesterday. Interestingly, they bought back a third of that quantity a day later…

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Bitcoin Charted 5-Month High Above $58K: Polkadot (DOT) Skyrockets 20% on Parachain News

After yesterday’s price drop, bitcoin continued upwards and tapped a new five-month high above $58,500. The altcoins have also seen impressive gains, with Polkadot leading the pack. DOT has exploded…

Continue ReadingBitcoin Charted 5-Month High Above $58K: Polkadot (DOT) Skyrockets 20% on Parachain News

Over 85% of Circulating Bitcoin Has Not Moved in Three Months or More: Analysis

The recent price surge from bitcoin has not deterred long-term holders from keeping their portions. Recent data from Glassnode informed that the percentage of BTC supply that has been held…

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Market Watch: Bitcoin Drops $3,000 as Binance Restricts Access of Chinese Users

Following several consecutive days of price gains, bitcoin dropped by more than $3,000 today amid more negative news in relation to China. Interestingly, the situation is somewhat different among some…

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Binance to Cease Chinese Yuan Trades and Restrict Access for Users From China

In an attempt to comply with local regulations, Binance has announced it will stop servicing OTC deals involving the yuan for Chinese users as of December 31st, 2021. Shortly after…

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All Top 30 Altcoins Crashed Against BTC Weekly: Shiba Inu (SHIB) is the Only One Up 80%

Bitcoin has been on a roll since the start of October and the past week in particular. It traded below $50,000 on October 5th but reclaimed that coveted line in…

Continue ReadingAll Top 30 Altcoins Crashed Against BTC Weekly: Shiba Inu (SHIB) is the Only One Up 80%