Btc price decreased to $309 after a flash crash on the bitcoin trading platform BTC-e.
Antpool transferred over 2,009 Bitcoin to unknown wallets, raising concerns about potential miner selling pressure.
Crypto analyst Ali Martinez used the Mayer Multiple to predict that Bitcoin could skyrocket to $208K if it breaks above $86,900.
Bitcoin dropped a staggering 10% in the past day, despite Donald Trump’s bullish announcement of a crypto reserve in the US.
Global cryptocurrency exchange-traded products (ETPs) saw $2.9 billion in outflows last week led by Bitcoin, totaling over $3.8 billion across three weeks.
Bitcoin surged 8% on Monday, fueled by Trump’s crypto reserve announcement, with analysts viewing it as a good buying opportunity.
Bitcoin marks a dip to $78k as the crypto market witnesses a $500B decline this week. Furthermore, the rising outflows in the Bitcoin ETFs and historical trends warn steeper corrections before a potential bounce back.
Kendrick anticipates Bitcoin reaching $200,000 by late 2025, emphasizing that institutional participation from major financial entities like Standard Chartered and BlackRock will be pivotal in that trajectory.
CryptoQuant CEO Ki Young Ju believes a Bitcoin price drop below $77,000 is unlikely, citing on-chain indicators fluctuating at the bull-bear boundary.
Metaplanet Inc. advances its Bitcoin strategy with a 2 billion JPY bond issuance to expand its holdings, demonstrating ongoing commitment despite a 20% drop in share price amid crypto market volatility.
The disappointments from several US states rejecting strategic Bitcoin reserves sent shockwaves to the entire crypto market, with the US spot BTC ETFs bleeding profusely.
Bitcoin’s failed breakout above $98k has led to a significant 3% price drop, with the wider crypto market following suit as total market cap decreased by 6% to $3.1 trillion.
The US spot Bitcoin ETFs registered the second consecutive week of cash outflow amid low volatility and a Gold price surge.
Despite recent market volatility, experts remain optimistic about Bitcoin’s future. Let’s take a closer look at what analysts say about BTC price and its potential movements.
On-chain data analysis shows that Bitcoin transactions greater than $100K increased from around 6.5K on Monday to about 10K on Friday.
The US spot Bitcoin ETFs have continued to bleed despite the cash inflows to BlackRock’s IBIT, thus weighing down the bullish sentiment.