Crypto Points
BlackRock’s Bitcoin ETF Breaks Records Amid Market Turbulence
By Editorial Board
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07/03/2024
BlackRock’s iShares Bitcoin ETF (IBIT) acquires 12.6K BTC during market volatility, surpassing $9 billion in total inflows.
Bitcoin Hits Record High Above $69,000 Amid Surge in Spot ETF Activity
By Editorial Board
•
07/03/2024
Bitcoin achieves a historic milestone by surpassing $69,000 on Coinbase, driven by robust buying from newly introduced U.S.-based spot Bitcoin ETFs. The cryptocurrency, now just 5% away from its 2021 peak in U.S. dollars, continues its upward trajectory, signaling potential further gains. Galaxy Digital and Invesco are among the issuers contributing to the momentum, with industry leaders expressing optimism about Bitcoin’s ongoing price discovery phase and its increasing appeal as an institutional-grade asset.
Bitcoin Surges Beyond $65K with Record Bullish Bets
By Editorial Board
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04/03/2024
Bitcoin soared above $65,000, nearing its 2021 peak, propelled by record bullish bets and a surge in open interest to an all-time high of $27 billion, signaling potential further gains. The cryptocurrency’s market cap reached a record $2.8 trillion, fueled by a significant liquidation of over $60 million in short positions in the last 24 hours.
Meme Coin Surge Sparks Possible Season Ahead! Watch for This Sign.
By Editorial Board
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03/03/2024
Recent surges in meme coins like DOGE, SHIB, BONK, PEPE, and WIF are fueling speculation about the onset of an altcoin season. Analysts point to potential signs of altcoins outperforming Bitcoin, emphasizing historical patterns and the need for caution in timing the shift. Monitoring Ethereum’s breach of the $3,500 threshold is highlighted as a key confirmation signal for the anticipated altcoin season.
Bitcoin Rally: Caution Flags Raised for Latecomer Bulls, Analysts Warn
By Editorial Board
•
03/03/2024
Analysts at The Market Ear have raised caution flags for short-term traders looking to join the Bitcoin rally, citing the Relative Strength Index (RSI), which has reached unprecedented levels alongside a bitcoin price above $60,000.