Crypto analyst Kevin Svenson believes two key factors could drive Bitcoin (BTC) toward new highs.
In a recent update, Svenson explained that both the stock market’s performance and the increase in global liquidity are setting the stage for a potential Bitcoin rally.
He highlighted the S&P 500’s unexpected rebound, now nearing its all-time high, as a sign of broader market recovery.
Additionally, with global money supply on the rise and expectations of interest rate cuts, Svenson sees favorable conditions for Bitcoin’s growth.
Svenson also pointed out that Bitcoin’s current price movement aligns with previous cycles, suggesting that the cryptocurrency is on track to reach new all-time highs.
Despite market volatility, he remains optimistic about Bitcoin’s trajectory.
Swan, a Bitcoin-focused financial firm, has issued a striking market update suggesting that the current BTC cycle isn’t just another repeat of the past—it might be the last of its kind.
Ross Ulbricht, founder of the infamous Silk Road marketplace, is back in the headlines after receiving a mysterious transfer of 300 BTC—valued at roughly $31 million.
Bitcoin could be heading for a notable dip if it fails to stay above a key price zone, according to market watcher DonAlt.
A new report from Cane Island reveals a startling truth about Bitcoin’s supply: by late 2025, over 7 million BTC could be permanently lost—more than one-third of all coins ever mined.