Bitcoin is witnessing a shallow pullback, but bulls still anticipate a rally toward $100,000 in the short-term.
As the crypto market readies for a potential bull run, savvy investors are identifying the next big opportunities. While Bitcoin continues to dominate, altcoins are emerging with exceptional growth potential. From the well-established Ethereum (ETH) to promising newcomers like BigBossInu, these digital assets are gaining traction and could deliver significant returns. Investors are keenly watching Continue Reading: 4 Altcoins That Could Turn a $1,000 Investment into $500,000 by 2025
Xiao Feng, CEO and Chairman of Hashkey, one of the few licensed crypto exchanges in Hong Kong, believes that Trump’s support for the cryptocurrency sector could accelerate a pivot from anti-crypto policies in China. Hashkey CEO: China Might Pivot Its Anti-Crypto Policies Following Trump’s Moves The recent endorsement of the cryptocurrency sector and bitcoin as
Bitcoin price peaks prompt calm anticipation among investors. Whale accumulation boosts confidence in Dogecoin's potential rise. Continue Reading: Investors Anticipate Bitcoin Price Movements as Altcoins Struggle The post Investors Anticipate Bitcoin Price Movements as Altcoins Struggle appeared first on COINTURK NEWS .
Goldman Sachs has increased its Bitcoin ETF holdings considerably, as revealed in its Thursday 13F filing with the U.S. Securities and Exchange Commission (SEC).
After hitting an all-time high of $93,400 earlier this week, Bitcoin (BTC) experienced a pullback, settling at $87,000. Despite this … Continue reading The post Buy signal for two strong cryptocurrencies this week appeared first on Finbold .
The cryptocurrency market has experienced a notable surge in November, capturing the attention of investors seeking substantial returns. Several Crypto poised for significant growth this month, presenting promising opportunities for those looking to capitalize on the current bullish trend. 4 Cryptos That Could See Big Moves This November Bitcoin remains steady above $87,000, while Ethereum The post 4 Crypto That Could Explode in November? appeared first on CoinGape .
ColliderScript introduces a method for implementing covenants on Bitcoin, which could enhance Bitcoin’s functionality. Covenants aim to allow for more complex transaction conditions, governing how and when Bitcoin can be spent. It does this by using 160-bit hash collisions, allowing transactions to enforce conditions on... The post What is ColliderScript? appeared first on Bitfinex blog .
The recent New York State Supreme Court ruling has significant implications for the future of Bitcoin mining and environmental regulations. This decision not only reinstates the operations of Greenidge Generation
The Bitcoin volume has experienced a severe crash amidst its initial price momentum, falling by approximately 27% and triggering a subsequent decline in the value of the pioneer cryptocurrency. This significant drop in volume has caught the attention of market participants, as a crypto analyst is discussing the mechanics and significance of a decline in Bitcoin and whether it indicates a Distribution or Accumulation phase. Bitcoin Price Falls As Volume Plummets 27% Data from CoinMarketCap has revealed that the daily trading volume of Bitcoin has crashed 26.46%, pushing the value to $85.89 billion. This significant decline in the Bitcoin volume coincides with a broader correction in the cryptocurrency’s price. Related Reading: Here Are The Factors That Could Drive The Dogecoin Price To $1 This Bull Market In the last 24 hours, BTC has experienced a price pullback to $87,848, as of writing. The cryptocurrency was previously trading above $90,000, but has recently declined by 2.87%. This plummeting volume often indicates a reduced market interest or lack of enthusiasm. However, this may not be the case for Bitcoin, as the cryptocurrency has been experiencing high market activity due to the just-concluded US Presidential elections that resulted in a Donald Trump win. The more likely reason for the decreased volume could be a market consolidation, where the price of Bitcoin could stabilize before a potential breakout. Supporting this, a crypto analyst, ‘Personal Trader,’ stated that the market has entered a phase of decline, where Bitcoin could enter its last correction period before moving toward the $100,000 milestone. BTC Price Decline May Indicate A Distribution Or Accumulation Phase Given the recent decline in Bitcoin price and volume, a crypto analyst identified as ‘IonicXBT’ has taken to X to identify and discuss the significance of this decline using two main trends exhibited in a Bitcoin market cycle: the Accumulation and Distribution phases. Related Reading: Dogecoin Price Could See Swift 175% Surge As DOGE/BTC Pair Records Major Breakout The Accumulation phase is when smart money, including investors or institutions, starts to buy Bitcoin. During this phase, prices tend to be low or have stabilized after a decline. Additionally, Bitcoin’s trading volume increases in the same period as buyers step in to push prices higher. Moreover, every upward price movement tends to showcase a strong volume, indicating increased buying pressure. In contrast, the Distribution phase is when smart money are selling or distributing their Bitcoin. During this phase, prices may have peaked or are being seen as overvalued. The volume of BTC rises while its price falls, signaling intense selling pressure. Moreover, price spikes accompanied by low trading volume suggest a weak buying interest, a red flag that indicates that smart money are exiting the market. Based on these Bitcoin phases, IonicXBT has revealed that he will call the Bitcoin market top and bottom soon. The analyst has shown that Bitcoin is currently not in its distribution phase, which means it is still a “buyer’s market,” suggesting the potential for future price increases. Featured image created with Dall.E, chart from Tradingview.com