The asset managers’ long positions in Bitcoin futures have surged to a record high, reflecting a bullish stance on the cryptocurrency’s future. According to InspoCrypto, asset managers have amassed long positions amounting to $1.82 billion, signaling their strong belief in Bitcoin’s potential for success. However, this confidence starkly contrasts the cautionary tale of history, where subs...
The investors seem to have shifted their focus from the digital assets space on Tuesday, November 14, as evidenced by the downturn momentum in the crypto prices today. The market was in the negative territory, after witnessing a bullish run over the past few weeks.
Meanwhile, the recent downturn momentum indicates that the market participants are treading cautiously ahead of the crucial ec...
After Bitcoin crossed the $37,000 level last week in its continued rally, it seems that the bulls are making more efforts to hold up to those levels. At press time, the BTC price is trading at $36,950 levels while facing downward selling pressure.
Bitcoin Whales Are Selling
As per on-chain data, Bitcoin whales have been systematically chasing out over the last week. Citing data from Santim...
The crypto prices today also witnessed an upward momentum, continuing gains from the previous sessions, suggesting that investors are still putting their bets on the digital assets’ space. The market has been in positive territory throughout the week, indicating an increasing confidence of global investors in the crypto segment.
In addition, Fed Chair Jerome Powell’s hawkish comment also fa...
According to Bloomberg ETF analyst Eric Balchunas, ProShares Bitcoin Futures ETF with the ticker ‘BITO’ has been performing outstandingly well in the last few days.
ProShares Bitcoin Futures ETF Doubles in Value
In a recent post on X, Balchunas highlighted the level of progress that the BITO ETF has seen in the past 30 days. Within this period, the ProShares Bitcoin Futures ETF assets almo...
The crypto prices today were in the green on Friday, November 10, despite Fed Chair Jerome Powell’s warning of raising the interest rate further to tame inflation. Meanwhile, it seems that the market has shrugged off concerns over a potential rate hike by the U.S. Central Bank to bring down the inflation to their 2% target rate.
Although Powell has lauded the easing inflation in the U.S., ...
As the digital currency landscape quivers with anticipation, Michael Saylor, Chairman of Microstrategy, stands firm on a prediction that Bitcoin price will skyrocket to $5 million per coin. In addition, Saylor’s strategic acquisition of BTC for his company’s treasury has reportedly amassed over $1 billion in unrealized profits as the market price briefly crests over the $37,000 mark, a fig...
Bitcoin price has now surpassed the Terra-LUNA crisis level, touching a high of $37,150 on Thursday. BTC price retraces after hitting a high, with the price now moving near the $36,700 level as a result of shorts liquidation in the last 24 hours. In fact, Bitcoin is now only halfway away from reclaiming the 2021 high of $69,000, which analysts predict to happen next year.
Bitcoin Price Rea...
The crypto prices today, Wednesday, November 8, portrayed a positive trend in the market as the global crypto market cap saw a marginal increase of 3.21%, reaching $1.37 trillion. However, there was a mixed sentiment among individual cryptocurrencies in the market. It appears that investors and traders are being cautious with their trading as they await the release of major economic data f...
Attorney John Deaton, who represents the XRP token holders in the Ripple lawsuit against the Securities and Exchange Commission (SEC), predicted the ideal scenario in which Bitcoin BTC price would join the major asset class club. In the context of potential rise in liquidity in the coming months along with the Bitcoin Halving, the cryptocurrency is well placed, in theory, for a bull run ar...
