Author name: Peter

Introduction Bitcoin, with a market capitalization of $798 billion and a 24-hour trade volume of $16.58 billion, is currently experiencing consolidation just above the $41K zone. A detailed analysis of its 1-hour, 4-hour, and daily chart reveals a predominantly bearish trend. Technical Indicators Oscillators, which are key indicators of bitcoin's momentum and potential trend reversals, […]

Bitcoin's Continuous Decline In the past 24 hours, the price of bitcoin has continued its downward spiral, falling below the $39,000 mark. This comes after the cryptocurrency dipped below $40,000 on Monday, experiencing a 5.3% decrease relative to the U.S. dollar. From Boom to Gloom: Bitcoin's Market Value Bitcoin (BTC) has seen better days in

Grayscale's spot bitcoin exchange-traded fund (ETF), known as GBTC, has experienced increased outflows since its recent update. Present data reveals that a substantial 14,292.18 bitcoin, valued slightly above $556 million, exited the fund after Monday's trading activities. Declining Holdings Highlight Largest Outflow to Date Recent figures indicate a notable decrease in Grayscale's spot bitcoin ETF

JPMorgan, a global investment bank, has downgraded Coinbase stock while warning of a challenging period ahead for the crypto market. With a focus on the current pressure on crypto prices, JPMorgan cautions that there is a "greater potential for cryptocurrency ETF enthusiasm to further deflate." This could result in lower crypto prices and reduced trading

As we step into 2024, the buzz in the cryptocurrency community intensifies with the looming Bitcoin halving event that has the potential to reshape the market dynamics. This event has a historical significance of triggering substantial changes in the crypto sphere. Drawing insights from past halvings, it is crucial to analyze the upcoming halving and

Introduction In the ever-changing world of crypto markets, recent trends have revealed fascinating divergences in the altcoin market. Notably, Ethereum and Solana have emerged as leading performers, surpassing Bitcoin in terms of growth and market activity. A comprehensive report published by Glassnode, an onchain analytics firm, sheds light on this phenomenon and its implications. Ethereum's

Jim Cramer Expects Further Bitcoin Price Drop Jim Cramer, the host of CNBC's Mad Money show, has reiterated his bearish outlook on the price of bitcoin, predicting that the cryptocurrency will continue to struggle amidst a declining crypto market. Cramer, a former hedge fund manager and co-founder of financial news website Thestreet.com, took to social

Introduction Recently approved spot bitcoin exchange-traded funds (ETFs) are set to have a significant impact on centralized exchanges (CEXs), according to Anthony Bevan, CEO of Blockguard, a wealth management firm. Bevan, who is a full-time trader and investor, believes that spot bitcoin ETFs will attract investors looking for more regulated and mainstream investment options. The

Self-Directed Gold IRAs are an excellent way to invest in gold, without having to deal problems associated with buying physical bullion. This type of account permits investors to purchase gold directly from the government and then store it in their own name. Although many prefer holding tangible gold items, everyone has access to it. Also

Lowest Volume in Recent Trading for Spot Bitcoin ETFs Based on the latest data, spot bitcoin exchange-traded funds (ETFs) have experienced their lowest trading volume day since January 11, 2024. On Wednesday, these ETFs recorded approximately $1.28 billion in volume. It is worth noting that this decrease in trading volume comes after a period of