The recent Bitcoin halving on April 19 has drastically altered the landscape for crypto miners. A market shakeup has ensued, affecting prices and mining rewards, leading to an intriguing sentiment
CoinOtag 2024-10-22 12:47
The U.S. presidential election is right around the corner, and while everyone’s focused on Trump vs. Harris, financial markets might not care all that much. According to the latest NBC News poll, Trump and Harris are neck and neck, but investors aren’t placing all their chips on the election changing much. In fact, many are
Cryptopolitan 2024-10-22 12:28
TechDev predicts Bitcoin could enter a new bull phase. Expectations rise for increased public interest in crypto markets. Continue Reading: TechDev Predicts Bitcoin’s Potential Surge Based on Historical Patterns The post TechDev Predicts Bitcoin’s Potential Surge Based on Historical Patterns appeared first on COINTURK NEWS .
CoinTurk News 2024-10-22 12:08
Bitcoin has recently seen an uptick in retail investor activity following months of subdued participation, according to a report by CryptoQuant analyst caueconomy. The analyst highlighted this in a post on the CryptoQuant QuickTake platform, disclosing how this return in retail demand could be one of the signs of a bull market. Related Reading: Bitcoin Investors Watch Out: Miners Showing Unusual Exchange Inflow Activity Bitcoin Retail Activity Returns After 4-Month Decline The CryptoQuant analyst noted that on-chain transaction volumes of up to $10,000—a key indicator of retail investment—have increased by approximately 13% in the past 30 days. This marks a shift after four months, during which smaller investors were largely inactive. caueconomy wrote: Note that in the last 4 months we have seen a decrease in the activity of these small investors, while whales maintained a high amount of transactions and absorption of coins. The analyst further explained that the increase in small investor activity is typically more sensitive to market sentiment and news than fundamental factors. Additionally, it provides an early indicator of capital flows into the Bitcoin network. As mentioned by caueconomy, this rise in retail demand, which hasn’t been observed since March, could signal the beginning of a trend toward “lower risk aversion” among non-institutional market participants. Notably, this increase in small investor activity comes at a time when Bitcoin’s price has seen constant increase in the past week, with the cryptocurrency recently attempting to reclaim the $70,000 mark. An Outlook On BTC’s Price—72% Rally Next? While retail demand appears to be returning, Bitcoin faces a minor retracement after its recent attempt to break the $70,000 price mark earlier today. The crypto asset reached a high of $69,431 earlier today but has since fallen by 2.4% in the past 24 hours, bringing the current price down to $66,951. Despite this slight dip, market sentiment among analysts remains optimistic about Bitcoin’s future potential. One notable analyst, Javon Marks, recently took to X to express his bullish outlook for Bitcoin. Marks highlighted a potential 72% price increase that could push Bitcoin to $116,000 or higher. Related Reading: Bitcoin Whales ‘Grew Substantially’ During Last Dip, Data Shows Large-Holder Accumulation According to his analysis, Bitcoin has been working around a key price level of $67,559. Despite the recent pullback, several bullish patterns—such as Hidden Bullish Divergences—suggest that Bitcoin may soon break above this level. If Bitcoin successfully crosses this threshold, it could increase price movement toward $116,652. Back to the basics for #Bitcoin (BTC) again and a >72% move to $116,000+ still looks likely ⚡️! In this setup, we see Bitcoin working on a key level at $67,559, after a monumental, more than 333% climb to reach + break above it before pulling back since March. Now, during this… https://t.co/iocZrLlRGx pic.twitter.com/XCrjd56w3W — JAVON⚡️MARKS (@JavonTM1) October 21, 2024 Featured image created with DALL-E, Chart from TradingView
NewsBTC 2024-10-22 12:00
The cryptocurrency market is currently experiencing a phase of correction, with a noted decline of 1.92% over the past 24 hours. Bitcoin’s recent retest of the $67,000 level has led
CoinOtag 2024-10-22 11:59
Uniswap and Aptos have defied today's trend.
Crypto Potato 2024-10-22 11:55
Bitcoin transaction volume analysis hints that retail interest is slowly returning in line with BTC price upside.
CoinTelegraph 2024-10-22 11:44
Market seeing surge of selling pressure as $BTC fails to gain footing above $68,000
U.Today 2024-10-22 11:39
Cardano (ADA) experienced significant volatility in the first quarter of 2024, with its price rising and subsequently facing severe resistance. The current market dynamics reveal that ADA’s price struggles are
CoinOtag 2024-10-22 11:37
"It's time for the Democrats to have a new approach to tech innovation, including crypto," Larsen said.
Crypto Potato 2024-10-22 11:24
BlackRock's IBIT recorded a whopping $329 million worth of inflows on Monday
U.Today 2024-10-22 11:23
Bitcoin is currently experiencing a pivotal moment following its recent breakout, which could signify a shift in market dynamics. Analysts are closely monitoring whether Bitcoin can maintain its position above
CoinOtag 2024-10-22 10:23