Everything about Bitcoin (BTC) in one place – price predictions, opinions, interviews, developments, updates and more.
After the U.S.-based spot Bitcoin ETFs recorded two trading days with a higher net income of $200 million this week, they continued the positive streak on July 11, but more modestly.
Crypto analyst Ali Martinez has raised alarms about a potential downturn in Bitcoin’s price, highlighting a concerning trend on its weekly chart.
Crypto analyst Pizzino recently highlighted the potential for Bitcoin’s price to rebound despite the recent dip to a three-month low.
Bitcoin’s latest market downturn has hit recent buyers the hardest, with over $2.16 billion in realized losses between February 25 and 27, according to Glassnode.
Investors have pulled an unprecedented $420 million from BlackRock’s iShares Bitcoin Trust, marking its largest single-day outflow as Bitcoin hit a yearly low.
Bitcoin has dropped to $82,000, marking its lowest level since November, as the broader crypto market struggles with declining sentiment.
Arthur Hayes, the co-founder of BitMEX, believes that Bitcoin’s near-term price movement hinges on developments in U.S. politics.