Bitcoin’s price is soon due for some major price action following an extended period of unusually low volatility, onchain analysis suggests. Bitcoin Price Move Incoming In a newsletter published on Monday, lead Glassnode analyst James Check noted that the Sell-Side Risk Ratio for Short-term Holders is “dropping like a stone,” a behavioral indicator suggesting that...
During the US session, the leading cryptocurrency, Bitcoin, continued to flirt with the $71,000 level. However, it failed to sustain above this level, closing as a spinning top candle on the 2-hour timeframe, indicating a potential reversal. This has caused a minor correction, and currently, Bitcoin is trading at the $70,250 level. On the fundamental...
Crypto exchange DMM Bitcoin based in Japan, which suffered a major hack losing 4,502.9 Bitcoin on Friday, is planning to raise funds to buy BTC in order to compensate its customers. Per a Bloomberg report, the exchange mulls raising 50 billion yen (around $321 million). The funds would “take care” of the world’s largest crypto...
Bitcoin spot exchange-traded funds (ETFs) in the United States experienced their second-highest daily net inflows since their listing, drawing in a substantial $886.75 million on June 4. The record for the highest daily net inflows from spot Bitcoin funds occurred on March 12, with inflows reaching $1.05 billion. Among the contributors to Tuesday’s significant net...
The National Police of Ukraine have conducted a probe on a criminal call center ring that defrauded users by promising lucrative crypto investments. Per a local report, police confirmed that fraudsters targeted Ukraine, Moldova, Kazakhstan, and the European Union citizens using deceptive call centers. Further, the national police have detained 14 suspects, including the alleged...
In a recent interview with Bloomberg Television, Michael Novogratz, CEO of Galaxy Digital, made a bold Bitcoin price prediction, suggesting that the cryptocurrency could soar to $100,000 by year-end. He bases this prediction on a swift anticipated rise to $73,000 in the coming weeks, driven by positive developments in the U.S. political landscape for digital...
Bitcoin (BTC/USD) is currently hovering around $71,000, marking a slight decrease of 1%. Despite this, the key pivot point at $70,600, indicated by the green line on the chart, is a crucial marker for traders eyeing a positive shift in crypto price predictions. With recent dynamics in U.S. economic data and record inflows into spot...
Juan Tacuri, 46, from Florida, a promoter in the global crypto Ponzi scheme known as Forcount pleaded guilty to conspiracy to commit wire fraud. In a statement, the U.S. Attorney’s Office, Southern District of New York described Tacuri as one of the scheme’s most successful promoters who reaped millions of dollars from his participation in...
Bitcoin (BTC) recently broke out of its recent $60,000 to $70,000 trading range and hit an intraday high of $71,671. However, it was unable to maintain its position above $71,000 and has lost some of its gains, falling to around $70,900. Nonetheless, it can still be considered bullish as it has broken out of its...
Bitcoin’s ongoing bull run may receive a significant boost as global liquidity reaches a new all-time high. According to a new analysis by Philip Swift, creator of the on-chain data platform LookIntoBitcoin, global liquidity has surged to a record $94 trillion, setting the stage for potential further upside in BTC prices. A New All-time High...