Bitcoin, the world’s first and most prominent cryptocurrency, has captivated the financial world with its meteoric rise in value. After reaching an all-time high of nearly $70,000 in 2021, Bitcoin experienced a significant correction, but many analysts believe its long-term trajectory remains bullish. As we approach the next Bitcoin halving, scheduled for 2024, anticipation is…
As Bitcoin’s next halving event approaches, excitement is mounting within the cryptocurrency community. Historically, halvings have been followed by significant price increases, and many believe that this time will be no different. This article will explore the reasons why Bitcoin’s upcoming halving could be a major catalyst for a bull run, and why investors should…
In a recent development, the Chicago Mercantile Exchange (CME) Bitcoin futures open interest reached an all-time high of $3.65 billion on November 1st, 2023. This metric, which considers the value of every contract in play for the remaining calendar months, where buyers (longs) and sellers (shorts) are continually matched, highlights the growing institutional interest in…
The cryptocurrency market has been on a roller coaster ride over the past few months, with prices rising and falling sharply. However, overall, the market has been trending upwards, with Bitcoin (BTC) leading the charge. On November 3rd, 2023, the cryptocurrency market saw a slight pullback, with BTC falling below $35,000 for the first time…
Bitcoin (BTC) is holding steady above $34,000 as traders and analysts await the next major price move. Despite recent volatility, many experts believe that the cryptocurrency is still on track for a bullish run in the coming months. Technical Analysis Popular crypto trader Credible Crypto believes that Bitcoin is currently in a consolidation phase and…