Bitcoin price tops $88.5K as BTC doubles down on stocks decoupling
Bitcoin (BTC) doubled down on its divergence from stocks at the April 21 Wall Street open as US trade war tensions escalated. BTC/USD 1-day chart.
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Bitcoin (BTC) doubled down on its divergence from stocks at the April 21 Wall Street open as US trade war tensions escalated. BTC/USD 1-day chart.
Bernstein analysts on Monday identified five structural forces that could drive Bitcoin's (CRYPTO: BTC) trajectory in the coming months, based on rising institutional demand, regulatory developments and new U.S. government initiatives. The findings, according to Bernstein, lay out key inflection points now anchoring Bitcoin's position within global capital markets.
“Smart money” positioning and the Elliott Wave appear aligned. Both foresee rising prices over the next few months, with an ideal target of $166,000.
Strategy added 6,556 BTC at an average price of $84,785 in the week of April 14-20.
The company has purchased Bitcoin consistently since mid-March, despite uncertainty weighing on markets.
CryptoQuant's analysis stated that Bitcoin's Realized Cap record is a sign of ongoing accumulation and strong network confidence.
Opinion by: Amitej Gajjala, co-founder and CEO of KernelDAO Bitcoin is the principal asset of the cryptocurrency world and even one of the world's top 10 most valuable assets, recognized for its role as a store of value. Yet a huge percentage of the Bitcoin (BTC) supply remains dormant for years, meaning the crypto market only works with a fraction of the circulating supply each year.
The White House has confirmed Trump is exploring whether he can fire Federal Reserve chair Jerome Powell—something that could trigger an “apocalyptic scenario" for markets
Bitcoin's breakout above $88K looks strong, but analysts warn the falling wedge may not be bullish. Here's the bearish target institutions may be eyeing. The post Bitcoin's ‘Falling Wedge' Pattern Might Not Be Bullish — Here's the Price Target Bears Are Eyeing appeared first on Cryptonews.
Despite Bitcoin (BTC) price reaching its highest level in over three weeks, traders on Bitfinex reduced their leveraged long (bullish) positions on margin contracts by more than $100 million between April 17 and April 19. This reduction has led to speculation that Bitcoin whales may be anticipating a price correction or, at the very least, are not confident in further short-term gains.
Bitcoin's rally past $87,000 comes amid reignited aggressive buying from institutional players. On April 21, Japan-based Metaplanet and US firm Strategy (formerly MicroStrategy) both disclosed major Bitcoin acquisitions, adding a combined total of nearly 7,000 BTC to their corporate reserves.
Michael Saylor, co-founder of Strategy (formerly MicroStrategy), revealed that over 13,000 institutional investors now hold shares in the company. Surprisingly, Vanguard Group, a firm known for its anti-Bitcoin stance, is the largest shareholder with over 16 million MSTR shares, despite trimming its position by 6.5% in Q4 2024.
Metaplanet, a publicly-listed Japanese firm, has added 330 more bitcoin (BTC) to its treasury, pushing its total holdings to 4,855 BTCworth over $420 million at current market prices. The announcement on Monday comes as Bitcoin surged past $87,300, reversing last weeks losses.
Bitcoin (BTC) surged past $87,000 on Monday, climbing over 2% amid growing political uncertainty surrounding the Federal Reserve. The rally came as the U.S. dollar index dropped to a three-year low following reports that former President Donald Trump is exploring ways to remove Fed Chairman Jerome Powell.
Rich Dad Poor Dad author Robert Kiyosaki is making headlines again with his bold Bitcoin price prediction. The renowned financial educator believes Bitcoin (BTC) will reach at least $180,000 this year, possibly even hitting $200,000, according to his latest social media post.
Bitcoin (BTC) traders faced a brutal Easter shock as a sharp price drop triggered a wave of liquidations, highlighting the risks of overleveraged positions. Within just four hours, BTC tumbled to lows near $83,800 before slightly recovering to around $84,453, wiping out $9.62 million in long positionscompared to just $71,000 in shorts.
Bitcoin (BTC), the largest cryptocurrency by market cap, has broken a multi-month downtrend and retested it as support, typically a bullish signal. However, not everyone is convinced.
Strategy (NASDAQ:MSTR) has acquired an additional 6,556 Bitcoin (CRYPTO: BTC) for approximately $555.8 million, according to a new SEC filing. The purchase was made between April 14 and April 20, at an average price of $84,785 per Bitcoin including fees.
Bitcoin surged past $87K alongside a record-breaking gold rally as investors flee U.S. assets amid dollar weakness, Fed uncertainty, and trade tensions. A bullish falling wedge breakout points to a potential $103K BTC target.
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Experts believe that a low-volume BTC breakout could be a false signal.
A Bitcoin price prediction made exactly one month ago by popular crypto analyst Doctor Profit on social media platform X has unfolded with interesting accuracy. On March 21, Doctor Profit outlined a detailed price trajectory for Bitcoin, predicting specific price movements, resistance and support zones, and the influence of the M2 money supply.
Fundstrat's expert Tom Lee has joined the team of CNBC's Squawk Box hosts to talk about Bitcoin and gold. The latter reached a new all-time high at the beginning of April, while BTC only began to rise this Sunday.
Bitcoin surged past $87,000 during early Asia hours on April 21, clawing back losses from earlier in the month, according to the latest market update from QCP Capital.