Alongside on-chain data, historical cycle patterns also suggest Bitcoin may be on the verge of a breakout.
Inflation hedges, such as gold, have emerged as a more attractive option for diversification along with Bitcoin which is nor preparing for a mega rally in Q4.
The impressive performance of gold in the recent past could trigger a similar parabolic response in Bitcoin in the fourth quarter of 2024.
Japan’s interest rate decision highlights the differing monetary strategies between two economic powerhouses – Japan and the US.
Dormant Bitcoin wallets with more than 105 BTC reactivated after 13 years. What’s behind this?
The US spot Bitcoin ETFs registered a net cash inflow of over $158 million on Thursday, amid the changing economic outlook accelerated by the recent Fed’s rate cut.
The demand for Bitcoin has gradually increased in the recent past as shown by the U.S. spot BTC ETFs in the past two weeks and multi-year low in CEXs supply.
The state of Louisiana is integrating new crypto payment options in order to reduce fraud while enhancing overall transaction security.
Trump’s involvement in various crypto projects may be interpreted as part of his broader efforts to gain a huge following and support from the growing crypto community.
The upcoming Federal Reserve meeting is crucial for the crypto market, with experts predicting a rate cut that could drive prices up.
The US spot Bitcoin ETFs registered an impressive performance on Tuesday, of more than $186 million in cash inflows, with none of the issuers reporting net cash outflow.
With a 69 percent chance of a 50 bps interest rate cut on Wednesday, Bitcoin price could rally towards its all-time high in the near term.
Bitcoin takes the lead with $436 million in inflows, reversing 10 consecutive days of outflows, signaling a growing bullish sentiment among traders.
Despite the rising demand from institutional investors, Bitcoin price has suffered midterm bearish sentiment, with some analysts predicting a dip below $50K soon.
Schiff believes that Bitcoin cannot be compared to gold since gold has hit a new record high while BTC is already topping out.