Bitcoin’s current market cycle indicates a potential peak in about 200 days, coinciding with forecasts of a possible US recession by mid-2025. According to recent research from Copper.co, this alignment emerges as Bitcoin reaches day 554 of its cycle. Historically, Bitcoin’s market cycles average 756 days from the point when the annual average growth of its …
Yearly archives: 2024
Bitcoin’s price out values 1kg of gold as its market cap exceeds silver
Bitcoin’s record-breaking price streak to nearly $90,000 has positioned the top crypto asset ahead of silver and gold in key market metrics. Data tracked by TradingView showed that gold is on a downward slope. The price of one kilogram of gold dropped to $83,439 as spot gold declined by 1.8% to $2,636 per ounce as …
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Bitcoin Frenzy Unleashed: Glassnode’s Study Shows 95% Supply in Profit
Bitcoin has reached a new all-time high (ATH), driven by strong demand in spot markets and a wave of institutional investments, as detailed in a report from Glassnode researchers Cryptovizart and Ukuria OC. Report: Bitcoin Soars as Institutional Demand Fuels Unprecedented Gains This ongoing bitcoin (BTC) rally highlights a clear favoring of spot purchases over …
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Polymarket Faces Significant Post-Election Lull in Trading Volume, User Activity
Less than a week after the 2024 U.S. election, the prediction market Polymarket has seen daily trading volume drop sharply. After Election Spike, Polymarket Returns to Quieter Trading Before the election between Donald Trump and Kamala Harris, the Polygon-powered Polymarket buzzed with activity as bettors wagered on the presidential outcome. In addition to the presidential …
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Key Metrics Suggest Bitcoin’s Rally to $90K and Beyond is Sustainable
Bitcoin is currently experiencing a price correction but underlying metrics show bullish run is on track to continue. Bitcoin Can Deliver Another Wave of Massive Pumps Over the past week, bitcoin (BTC) has set multiple new all-time highs with the latest seeing the number cryptocurrency hit the $89,600 mark. However, a healthy correction was bound …
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Dogecoin Price Rises 44% to Bring DOGE Past $0.4 and Flockerz Might be the Next Meme Coin to Explode
It’s been an incredible few days for Dogecoin (DOGE) holders. The OG meme crypto has soared past the $0.40 level and is now just 44% below its all-time high. However, new meme coin Flockerz (FLOCK) has also been catching traders’ attention – with some speculating that it could be about to explode even higher than …
Bitcoin Hits Record High, but the Rainbow Chart Hints at Even Wilder Rides Ahead
While bitcoin recently hit a record-breaking $89,983, the widely followed rainbow chart—known for illustrating bitcoin’s long-term price movements and market sentiment on a logarithmic scale—sits surprisingly low compared to previous bull run peaks. The Popular Bitcoin Rainbow Chart Teases Six-Figure Future Bitcoin has been on a wild ride over the past month, with prices suggesting …
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Bitcoin Market Update: BTC Eyes $90,000 With Strong Support at $84,000
Bitcoin is holding strong near its recent highs, yet faces critical resistance at the psychological $90,000 range, signaling potential consolidation or a correction as sellers enter the market. Bitcoin On the daily chart, bitcoin’s bullish momentum is evident, with prices soaring from approximately $60,000 to a peak near $90,000. This substantial gain shows continued demand; …
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Record Breaking Volume for Blackrock ETF as Bitcoin Keeps Hitting New All Time Highs
Blackrock’s spot bitcoin exchange-traded fund (ETF) set a new daily trading volume record after bitcoin hit $89,000 for the first time. Bitcoin ETFs Continue to Set New Records With bitcoin hitting new all time highs on a daily basis, bitcoin ETFs have experienced the same boom with lots of new capital pouring in. The biggest …
Bitcoin Entering ‘Vertical’ Part of S-Curve, According to PlanB – Here’s What He Means
The popular crypto analyst PlanB says Bitcoin (BTC) is about to plunge into the steepest part of the S-curve, priming the flagship digital asset to spark massive gains. The pseudonymous trader tells his 2 million followers on the social media platform X that BTC is ready for flight after an exchange-traded fund (ETF) fakeout earlier …
Andreessen Horowitz Says Future of Crypto in US Is Bright, Sees Digital Asset Pathway to Regulatory Clarity
Top executives at the venture capital giant Andreessen Horowitz (a16z) believe that the United States is now on the verge of embracing the crypto industry. In a new company blog post, a16zcrypto’s Miles Jennings, general counsel, Michele Korver, regulatory head, and Brian Quintenz, head of policy, say that the outcome of the November 5th US …
ICO Whale That Turned $1,951 Worth of Ethereum Into $20,150,000 Sends ETH to Coinbase: Lookonchain
An Ethereum (ETH) initial coin offering (ICO) participant woke up this weekend after nearly three years of dormancy, according to the crypto tracker Lookonchain. Lookonchain notes the ICO participant deposited 1,555 ETH worth $4.86 million into the crypto exchange Coinbase on Sunday. The unknown address received 6,292 ETH during the 2014 ICO, costing $1,951 in …
Regret Not Investing in Polkadot? This New Presale Could Change Your Financial Future
As we approach 2025, the crypto landscape is evolving faster than ever, and InSoBlok is one of the most groundbreaking projects to watch. While other cryptos have made waves with their innovation, none have captured the same level of attention as InSoBlok—an ingenious blend of AI, blockchain, and the fashion industry that is set to …
Trading Volume Surge: Ethereum (ETH) Breaks Through Key Resistance at $3,150
TLDR Recent surge in Ethereum transaction volume indicates increased network activity Whale transactions (over $100,000) have notably increased ETH price has broken above $3,150 level Network has seen 27% growth in past seven days On-chain metrics suggest potential for continued upward momentum Ethereum has pushed through the $3,150 price level, marking a 27% increase over …
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Peaq soars as trading goes live on 12 crypto exchanges, fueling global DePIN growth
peaq has listed its native utility token, PEAQ, on 12 crypto exchanges, including crypto.com, BitGet, and KuCoin. The listing enables users to engage with a decentralized infrastructure network (DePIN) that connects over two million devices worldwide. As of press time PEAQ is trading around $0.35, up 600% from its listing price of $0.05. The CoinList …