Bitcoin’s Selling Pressure Ends as Short Term Investors Exit Markets
Severe selling ends in Bitcoin markets that was driven by short-term investors capitalizing on pre-halving bull runs and bullish analyst predictions.
Category News
Bitcoin Below $60k, Might Fall to $50k Soon
In the past 24 hours, Bitcoin's price dropped from $63,200 to $57,165 due to ETF outflows, a disappointing Hong Kong ETF debut, miner sales, and overall market bearishness. Analysis of on-chain data, fundamental metrics, and technical charts suggests a bearish trend might continue, exacerbated by negative sentiment and external market pressures.
Altcoins Expecting a Super Rally Led by Bitcoin in 2024
A post-halving rally in Bitcoin is expected to spur similar growth in major altcoins between August and October 2024. Factors like miners' BTC holdings and US monetary policies may initially delay this rally.
Bitcoin Runes Might Outperform Bitcoin Ordinals in 2024
We expect Bitcoin Runes to have a similar or even much stronger performance as compared to Ordinals because of demand in the Memecoin markets.
Bitcoin Falls Due to $1.6bn GBTC Selling by FTX
FTX sold nearly $1.6 billion worth of Grayscale Bitcoin Trust (GBTC) shares which led to the fall in Bitcoin prices.