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news-imageApril 12, 2024

Bitcoin Cash (BCH) Open Interest Plummets Post-Halving, Price Drops 13%. Can the Same Thing Happen with BTC?

TL;DR Bitcoin Cash (BCH) open interest (OI) decreased by 47% from its pre-halving peak, reaching $378.3 million on April 12, coinciding with a 13% decline in BCH price. The cryptocurrency experienced a sharp 7.51% drop on April 10 within a three-hour period, following days of narrow price fluctuations between $676 and $691.
Publisher: Crypto Economy
Sentiment: Negative
BCH
BTC

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Positive
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November 23, 2024

VanEck predicts Bitcoin price at $180K

VanEck analysts forecast Bitcoin price will hit $180,000 in 18 months, by favorable regulations, rising institutional interest, and a changing market structure, though they caution about short-term risks. VanEck has reaffirmed Bitcoin price target of $180,000, predicting the cryptocurrency will reach this level within 18 months.

Neutral
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November 23, 2024

54% Of Bitcoin Supply Inactive Since 2 Years Despite 500% Price Jump

On-chain data shows a majority of the Bitcoin supply hasn't moved in more than two years, despite the fact that BTC has seen a significant uplift during this period. Bitcoin Inactive Supply Trend Suggests HODLing Behavior Remains Strong In a new post on X, Glassnode co-founder Rafael has discussed about the trend in the various bands of the Bitcoin Active Supply.

Positive
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November 23, 2024

Will BTC Cross $100K Mark? Bitcoin Whales Buy $4B of BTC

Bitcoin (BTC), the world's largest cryptocurrency by market cap, is making waves in the crypto market with its impressive performance. Amid this bullish sentiment, a prominent crypto expert posted on X (formerly Twitter) today, November 23, 2024, highlighting that Bitcoin whales have made significant purchases over the past four trading days.

Positive
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November 23, 2024

Bitcoin vs. Tulip Mania: Why the Comparison Wilts Under Scrutiny

With bitcoin reaching unprecedented heights, critics have come out in full force, dusting off age-old arguments. The tired accusations resurface: calling it a pyramid scheme, claiming it's worthless because it isn't physical, or likening it to the infamous Tulip mania. These overused jabs seem to have become a standard playlist whenever bitcoin captures attention.

Positive
cover-imageThe Currency Analytics
November 23, 2024

Bitcoin's Surge Mirrors 2020 Bull Run, Crypto Quant CEO Predicts Price Could Reach $100K

Bitcoin's ongoing price surge, which has seen the cryptocurrency near the $100,000 mark, is showing striking similarities to the bull market of 2020, according to Ki Young Ju, the CEO of CryptoQuant. In a recent Twitter thread, Ju explained that Bitcoin's current rally appears to be driven by a pattern of long-term accumulation by large investors, or “whales,” similar to the behavior observed during the last major market surge.

Positive
cover-imageYahoo Finance
November 23, 2024

Bitcoin reserve should top Trump's to-do list: Pompliano

Cryptocurrency is at the forefront of investors minds as they brace for a second term from President-elect Donald Trump. Professional Capital Management Founder and CEO Anthony Pompliano talked about where bitcoin could go next after enjoying a nice run after the election results.

Positive
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November 23, 2024

Cboe's New Cash-Settled Bitcoin ETF Options: Could This Spark A Move Beyond $100,000?

Cboe, the derivatives exchange for digital assets and securities trading, is set to make a big addition to the crypto landscape by launching the first cash-settled index options linked to Bitcoin's (BTC) spot price movements. Scheduled to debut on December 2, these options will be based on the Cboe Bitcoin ETF Index, which tracks a selection of US-listed spot Bitcoin exchange-traded funds.

Negative
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November 23, 2024

Peter Brandt Predicts Bitcoin Selloff Ahead, But There's A Catch

Veteran trader and market expert Peter Brandt has sparked discussions in the broader crypto market, anticipating a potential Bitcoin selloff in the coming days. This comment comes as BTC continued to flirt near the $100K mark in recent days, indicating a strong market confidence towards the crypto.

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