Bitcoin News – Page 231

Bitcoin Holder Profits Now 121%: How Much Higher Can BTC Go?

Posted on November 10, 2024 by ante — No Comments ↓

On-chain data shows the Bitcoin investors are now carrying 121% profits on average. Here’s whether this has been enough for a top in the past. Bitcoin Profitability Index Is Currently Sitting Around 221% In a new Average Profitability Index” is an indicator for BTC that compares the asset’s spot value with its realized price. The… Continue reading Bitcoin Holder Profits Now 121%: How Much Higher Can BTC Go?→

Rising Bitcoin Funding Rates Signal Market Optimism—But Is A Correction Looming?

Posted on November 9, 2024 by ante — No Comments ↓

Bitcoin recent price movement of continuous uptrend has drawn the attention of market participants and analysts as it edges closer to creating a new all-time high, blasting through critical resistance levels. Amid this, a CryptoQuant analyst known as TraderOasis provided an in-depth analysis of Bitcoin’s market earlier today, suggesting the trajectory the asset could head to next. Analysis… Continue reading Rising Bitcoin Funding Rates Signal Market Optimism—But Is A Correction Looming?→

Bitcoin Could Be Ready For ‘Phase 2’ Of This Historical Bull Pattern

Posted on November 9, 2024 by ante — No Comments ↓

On-chain data shows Bitcoin could currently be following a similar pattern as in a previous cycle in terms of this indicator. Bitcoin Could Now Be Entering Phase 2 Of The Bull Run In a CryptoQuant Quicktake post, an analyst has pointed out how the recent trend in the Bitcoin long-term holder supply has been reminiscent… Continue reading Bitcoin Could Be Ready For ‘Phase 2’ Of This Historical Bull Pattern→

Bitcoin Nears ATH As Miners Hold Back On Selling—Bullish Signals Flashing

Posted on November 9, 2024 by ante — No Comments ↓

Bitcoin has managed to maintain its footing above the $75,000 price mark following a new all-time high (ATH) of $76,872 recorded yesterday. At present, the cryptocurrency is trading at $76,587, reflecting a modest 0.9% dip from its peak while still marking a 1.7% daily increase. This stability signals resilience and has fuelled speculation regarding Bitcoin’s… Continue reading Bitcoin Nears ATH As Miners Hold Back On Selling—Bullish Signals Flashing→

Bitcoin ETFs See Historic Surge – Institutions Go Bullish On BTC With $1.38 Billion Record Inflows

Posted on November 9, 2024 by ante — No Comments ↓

Yesterday, Bitcoin had one of its most bullish days in history, skyrocketing past its all-time high to reach $76,990. This new milestone has ignited widespread excitement and confidence among investors, who now see the potential for further gains. Key data from Carl Runefelt reveals that Bitcoin ETFs experienced a historic surge, with $1.38 billion in… Continue reading Bitcoin ETFs See Historic Surge – Institutions Go Bullish On BTC With $1.38 Billion Record Inflows→