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While Bitcoin failed in its attempt at $38,000 last week, BTC continues its horizontal movements. At this point, while investors were wondering when BTC, which had a nice rise last week, would rise again, a new report came from Bitfinex. In the latest issue of the Bitfinex Alpha Report, analysts stated that BTC has entered a high volatility environment and warned investors to be careful in their crypto strategies. Stating that at this point, Bitcoin may take a break from its rise to $ 38,000 for a while, Bitfinex analysts said that on-chain data indicates a decline and that BTC…

For a few days now, the price of Bitcoin has been virtually at a standstill, probably apprehensive about the release of the updated inflation figure in the US. It is important not to forget that changes in liquidity in the financial markets are probably the main market mover to date, with respect to the price of Bitcoin, hence economic policy measures from the Fed in particular carry a lot of weight. Summary The price of Bitcoin and the relationship to US inflation Bitcoin awaits inflation data in the US The reaction of the markets Fed monetary policy and Bitcoin The…

Bitcoin is now valued at just under 6% less than Berkshire Hathaway, the conglomerate holding company headed by prominent BTC critic Warren Buffett. Bitcoin (BTC) currently has a market capitalization of $717.94 billion, while Berkshire Hathaway’s market cap stands at $760.18 billion. This means Bitcoin is now worth only 5.9% less than Warren Buffett’s company, a stunning turnaround from just a few years ago. In 2018, Buffett made waves when he called Bitcoin “probably rat poison squared” and said he would never invest in cryptocurrencies. At the time, Bitcoin’s market cap was only a tiny fraction of Berkshire’s. But Bitcoin’s…

The Bitcoin price has been trading in a tight range around the $37,000 price level through the weekend. This tight trading suggests that there is a lot of fighting going on right now between the bulls and the bears as each camp tries to gain an upper hand over the other. As this tug of war continues, a crypto analyst has presented the most important level that will determine whether the bulls or the bears will claim dominance. $31,000 Is The Magic Number For The Bitcoin Price Crypto analyst Ben Vouh took to TradingView to share their analysis of where…

Jim Bianco, a prominent macro strategist, recently shared insights suggesting that the launch of a spot Bitcoin exchange-traded fund (ETF) could mirror the market trajectory of Facebook’s 2012 initial public offering (IPO). Jim Bianco, serving as President and Macro Strategist at Bianco Research, L.L.C., has been a notable figure in financial analysis since 1990. His approach is known for its independence from traditional Wall Street perspectives, offering a critical view on a range of topics including monetary policy, market-politics interplay, government’s economic role, and financial market dynamics. With nearly two decades at Bianco Research, Bianco’s expertise is frequently sought in…

According to Bloomberg ETF analyst Eric Balchunas, ProShares Bitcoin Futures ETF with the ticker ‘BITO’ has been performing outstandingly well in the last few days. ProShares Bitcoin Futures ETF Doubles in Value In a recent post on X, Balchunas highlighted the level of progress that the BITO ETF has seen in the past 30 days. Within this period, the ProShares Bitcoin Futures ETF assets almost doubled in terms of value, a trend he noted comes mostly from market appreciation. However, he said about $240 million of the volume comes from flows, the second-best month for the ETF. It looks like…

Crypto asset manager Grayscale Investments is “constructively engaging” with the U.S. Securities and Exchange Commission (SEC) regarding its application to convert its flagship bitcoin trust into a spot bitcoin exchange-traded fund (ETF), says CEO Michael Sonnenshein. The executive believes that Grayscale has “a really nice advantage” over other spot bitcoin ETF applicants. Grayscale ‘Constructively Engaging’ With SEC Grayscale Investments CEO Michael Sonnenshein discussed his company’s plan to convert its flagship bitcoin trust (GBTC) into a spot bitcoin exchange-traded fund (ETF) in an interview with Bloomberg at DC Fintech Week on Wednesday. The SEC originally rejected the crypto asset manager’s spot…

A widely followed crypto analyst and trader says that he no longer has a full bullish conviction on Bitcoin (BTC). The analyst pseudonymously known as DonAlt tells his 507,100 followers on the social media platform X that news of BlackRock’s potential filing for a spot market Ethereum (ETH) exchange-traded fund (ETF) might negatively impact the price of Bitcoin going forward. According to DonAlt, the asset management giant’s Ethereum ETF filing will likely take away inflows from BTC. “This steals bid from BTC but turns ETH from one of the worst coins to buy into a decent bet again, ending my…

Bitcoin shows bullish trends across short, medium, and long-term technical analyses. The cryptocurrency has broken key resistance levels, indicating potential for further growth. High RSI values signal strong positive momentum, though caution is advised for potential overbought conditions. Discover the latest technical insights on Bitcoin (BTC), as it breaks through significant resistance levels, showcasing robust growth potential across different time horizons. Short-Term Outlook: Strong Growth Signals In the short term, Bitcoin has breached its rising trend line, hinting at an accelerated growth rate. The absence of resistance in the price chart suggests potential for further upward movement. The support level is…

With the United States Securities and Exchange Commission’s first window opening up for the approval of a spot Bitcoin ETF, analysts have noted that even if the SEC approves a spot Bitcoin ETF, it will be a month before the actual launch. The expected delay in launch following a potential SEC approval would be due to the two-step process in launching an ETF. For an issuer to start a Bitcoin ETF, they must get SEC approval from the Trading and Markets division on its 19b-4 filing and the Corporate Finance division on the S-1 filing or prospectus. The main focus…