Bitcoin News

A cryptocurrency analyst recently revealed a notable obstacle on the path of Bitcoin’s revival, that could negatively impact the token’s price trajectory.

On Tuesday, U.S. spot Bitcoin ETFs saw a notable outflow of $242.53 million, marking the largest single-day withdrawal since early September. This movement halted an eight-day streak of positive inflows.

A recent Datascope analysis shared via CryptoQuant showed that extreme swings in the ratio of long/short volume to open interest often signal major market reversals.

The cryptocurrency market offers numerous opportunities but also presents significant challenges due to its volatility and shifting trends.

According to a JPMorgan report, in September the average Bitcoin (BTC) price and network mining rate rose slightly, while daily mining revenue and gross profits declined for the third consecutive month.

A long-dormant Bitcoin wallet has been reactivated after more than 10 years, sparking interest in the crypto community.

According to a report by 10x Research, recent changes in global macroeconomic conditions suggest that the decline in global growth may be coming to an end.