Heightened demand for Bitcoin (BTC) from institutional investors, as shown by exchanges’ balance and spot BTC ETF inflows, will trigger a crypto super cycle.
Bitcoin grabbed the lion’s share of total inflows last week with Ethereum experiencing its best week of inflows since March, reaching $69 million.
The Bitcoin (BTC) price chart is forming an inverse head and shoulder pattern and a breakout above $72,000 could push it rallying all the way to $83,000.
Semler’s affair with Bitcoin does not extend to other crypto assets.
The SEAL04 chip is planned for release in Q2 of 2025. This chip aims to achieve a breakthrough energy efficiency of 5J/TH.
Leung stated that their objective is to balance catering to investor demand with implementing robust safeguards to mitigate risk.
On the higher side of the predictions, Robert Kiyosaki, the author of Rich Dad Poor Dad who is known for his bullish stance on cryptocurrencies, sees BTC reaching $350,000 by August 25.
Open interest reflects the total number of unsettled derivative contracts and is a key factor in financial markets, especially in futures and options trading.
In February this year, Kiyosaki predicted Bitcoin would reach around $100,000 by June. However, the crypto asset is still far from reaching the $100,000 mark, with its current price hovering around $71,000.
CNV chair Roberto E. Silva stated that the country “worked against the clock to advance compliance” efforts, aimed at preventing money laundering and terrorism financing.
Blockstream CEO perceives that a time will come when the BTC halving supply shock effect will finally be felt.
Capriole Investments notes a critical link between hash-ribbon weakness and corrective price movements in Bitcoin.
The Binance exchange lost approximately $67 million within the last day, accounting for about 44.74% of the entire loss. During the same period, more than $46 million were liquidated from OKX, while Bybit lost around $20 million.
If Bitcoin fails to break its all-time high and falls below $55,000, Brandt warns of a potentially more bearish scenario – “exponential decay”.
Despite hitting an all-time high of $73,800 nearly three months ago, BTC still needs to revisit these levels, stalling in its price discovery phase.