Bitwise Bitcoin ETF Set to Acquire $120 Million from Osprey Bitcoin Trust Pending the fulfillment of closing conditions, the Bitwise Bitcoin ETF is poised to acquire all Bitcoin held within the Osprey Bitcoin Trust. Details of the Acquisition The acquisition plan, announced on August 27 through a joint statement from Bitwise Asset Management and Osprey […]
Long-Term Bitcoin Holder Purchases Reach $10 Billion as Price Dips Below $60,000 The total amount of Bitcoin held by long-term holders has surpassed $10 billion, coinciding with a recent decline in its price, now below $60,000. Long-Term Holders Maintain Their Positions Analysts indicate that long-term Bitcoin holders have demonstrated resilience amid the ongoing price fluctuations. […]
Cryptocurrency Downturn: FET and AI Tokens on the Rise This week, while the broader cryptocurrency market experiences a decline, FET and various AI-related tokens are witnessing significant growth. The question arises: is this rally solely propelled by investor anticipation regarding Nvidia’s performance? Market Analysis Recently, price surges in the crypto sector have been short-lived, as […]
Bitcoin Loses Momentum Amidst Ongoing Market Downtrend Bitcoin’s recent upturn to $65,000 has diminished, even with the announcement from the US Federal Reserve regarding potential interest rate cuts in 2024. Over the weekend of August 24-25, Bitcoin (BTC) experienced a rise to $65,000, marking an extension of a three-week recovery from its low of $49,500 […]
CME Introduces Small Bitcoin Friday Futures for Retail Investors The Chicago Mercantile Exchange (CME) Group is set to roll out its new product, Bitcoin Friday futures (BFF), designed to cater to retail investors. According to an announcement made on August 27, these contracts are intended to meet the growing demand for cryptocurrency futures. Key Features […]
Nasdaq Pursues Approval for Bitcoin Index Options Options trading would provide institutional investors a mechanism to hedge risks while allowing traders to enhance their purchasing capabilities. Overview of Nasdaq’s Proposal Nasdaq, a prominent American stock exchange, is reportedly seeking regulatory approval to introduce options based on a Bitcoin index. On August 27, it was publicly […]
Bitcoin Price Warning: Potential Drop Below $60K Bitcoin (BTC) is once again under scrutiny as recent price movements indicate a potential struggle for bullish momentum after failing to overcome the $65,000 mark. Market Analysis Following a brief rebound, analysts are cautioning that BTC may face a “liquidation cascade,” with predictions of a drop toward the […]
Bitcoin’s Chart Pattern Approaches Critical Breakout Point, Analyst Anticipates 312% Return on Investment Bitcoin may be on the verge of a significant price surge, with predictions suggesting a target of $260,000 by the end of 2024. Despite crossing the $62,000 threshold for the first time in August, Bitcoin’s price is facing challenges in sustaining bullish […]
Bitcoin’s Significant Monthly Candle: A Cautious Perspective Analysts point out that the current monthly candlestick pattern for Bitcoin may provide insights into the future direction of the markets. A Unique Monthly Candle Formation The end of August has brought forward an intriguing candlestick formation on the Bitcoin chart, possibly indicating a change in market sentiment. […]
Bitcoin Set for Potential $150K Surge Amid Short-Term Selling Pressure One analyst forecasts that Bitcoin could reach a target price of $150,000 by the year’s end, although other indicators suggest a rise in short-term selling could impede this upward movement. Bitcoin’s Upcoming “Batshit Season” According to a recent analysis by RealVision, Bitcoin is entering what […]
