GBTC outflows slow, signalling possible rebound; $GFOX set for major rally
Available data and expert submissions show Grayscale’s Bitcoin Trusts (GBTC) outflows are trending down, suggesting that the dumping spree may soon end. Although the outflow number is still considerably large, a rebound looks to be on the horizon for $BTC prices, and investors’ confidence is gradually returning. Galaxy Fox holders also expect a significant rally from […]
Solana (SOL) rally to $100 could benefit BONK, Memeinator
Solana price is up 30% in 24 hours as bulls look to strengthen above $70. Meanwhile, Bonk (BONK) has hit a new all-time high amid the bullish SOL outlook. Is the Memeinator (MMTR) likely to benefit from a resurgence in meme coins like Bonk? Solana traded to above $72 on Friday morning, with SOL price […]
Can Bitcoin reclaim the $30k psychological level after yesterday’s brief rally
Key takeaways The cryptocurrency market is having a rollercoaster week so far, with Bitcoin and others experiencing mixed performances. Shiba Memu’s presale is now closing in on the $4 million mark as more investors pledge funds to the project. Bitcoin eyes the $30k mark Bitcoin, the world’s leading cryptocurrency by market cap, briefly touched the $30k […]
Why a Bitcoin rally could mean big business for NUGX as whales diversify
TLDR Bitcoin’s upcoming pre-halving event has set the tone for a rally. The International Monetary Fund (IMF) warns of possible inflation in 2024, which can affect Bitcoin’s rally. Crypto whales seeking ways to diversify their portfolios are looking to NuggetRush for considerable returns. As the pioneering digital asset, the movements of Bitcoin ($BTC) can sway the […]
Bitcoin could rally towards $28k as Shiba Memu’s presale approaches $3.5m
Key takeaways The cryptocurrency market is having a positive end to the week, with prices of most coins and tokens in the green zone. Bitcoin could be heading towards the $28k level soon as market sentiment improves. Furthermore, Shiba Memu’s presale is now closing in on the $3.5 million milestone as more investors troop into […]
Bitcoin may soon rally based on ‘fundamental grounds’: Bernstein
Bernstein analyst says Grayscale ruling was a game changer. Gautam Chhugani expects Bitcoin to materially benefit from it. The world’s largest cryptocurrency is still lingering around $26,000. The recent ruling in favour of Grayscale and against the Securities & Exchange Commission was a “game changer”, says Gautam Chhugani – a Bernstein analyst. Chhugani expects Bitcoin […]
Stacks (STX), Optimism (OP), Kaspa (KAS) rally as Bitcoin soars
Stacks (STX) price was up 25% as Bitcoin (BTC) broke above $28k for the first time in weeks. Optimism (OP) and Kaspa (KAS) also gained double-digits. The tokens were outperforming major altcoins such as Ethereum, BNB and XRP. As Bitcoin (BTC) broke to highs above $28k on Tuesday, several altcoins took cue to post huge […]
Bitcoin rally could be a mirage, writes our Analyst – a Deep Dive
Key Takeaways Bitcoin is up nearly 50% thus far this year, but there have been no positive catalysts from within the industry Rally is nothing but macro-driven, writes our Analyst, with Nasdaq up 16% and Bitcoin continuing to trade like a levered bet on the index There are many headwinds still present, the latest being […]
Half a billion dollars of short sellers liquidated in biggest crypto rally in 9 months
Key Takeaways The cryptocurrency market cap is back above $1 trillion following the biggest surge in 9 months Half a billion dollars of short sales were liquidated over the weekend, the most in three months Bitcoin is back above $21,000, Ethereum above $1,500, while altcoins have soared Despite powerful bounce, the market is still down […]
Analyst charts Bitcoin’s potential rally to $25K by March
Bitcoin price broke above $21,440 on major cryptocurrency exchanges for the first time since the FTX implosion. Much of the buying pressure was retail driven as crypto mirrored stock markets’ Friday surge. Veteran trader and markets analyst Peter Brandt has shared his prediction for Bitcoin price in 2023. Cryptocurrencies roared into the weekend as Bitcoin […]