Bitcoin Blasting Toward Biggest Monthly Gain in 3 Years
The cryptocurrency has more room to run, analysts say.
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Bitcoin Price
The cryptocurrency has more room to run, analysts say.
Bitcoin could target $58,000 after the breakout, Swissblock analysts suggested.
The price of bitcoin (BTC) has not been moving as closely in relation to flows in and out of the spot ETFs as it previously did, according to JPMorgan.
The upcoming Bitcoin halving is going to have a significant impact on the number of bitcoin entering circulation.
Bitcoin price can reach as high as $150,000 this year fueled by ETFs, halving and Fed rate cuts, Fundstrat’s Tom Lee said.
Michael Saylor doesn’t plan to sell any of MicroStrategy’ (MSTR)s bitcoin (BTC) anytime soon, or potentially ever, he said in an interview with Bloomberg TV on Tuesday.
Bitcoin’s uptrend is supported by strong trading volumes, a bullish sign for continuation, a FalconX report said.
Massive inflows into spot bitcoin ETFs made headlines recently, but there are other metrics that showcase U.S. investors’ appetite for the asset.
While the new spot bitcoin ETFs have received billions in net inflows since opening for business on Jan. 11, a sizable amount of money has been exiting gold ETFs.
The approval of the spot bitcoin ETFs constituted a landmark event for the $1.7 trillion digital asset industry. With institutional investors on board, demand for bitcoin will grow significantly.