Altcoin Season Likely to Follow Bitcoin Reaching $80K – Hashkey Capital
According to a crypto investment firm, simply breaking Bitcoin’s all-time high of $73,679 may not be sufficient to ignite an altcoin season. In their market analysis released on October 23, analysts from Hashkey Capital suggested that an 18% increase in Bitcoin’s price could pave the way for altcoin season. They noted that for altcoins to […]
Bernstein Research Predicts Bitcoin Surge to $200K by Late 2025
Bitcoin could soar to $200,000 by the close of 2025, as the cryptocurrency steps into what Bernstein Research describes as “a new institutional phase,” according to an October 22 report. Bernstein’s comprehensive 160-page analysis explains how Bitcoin mining is expected to undergo significant consolidation in the coming years, a point echoed by Matthew Sigel, VanEck’s […]
Tesla Reports No Bitcoin Sales in Q3
Tesla released its Q3 2024 earnings on Oct. 23, confirming that it held onto its $184 million in digital assets throughout the quarter, marking the fifth consecutive quarter without selling any cryptocurrency. The company’s financial results showed revenue slightly down at $25.18 billion compared to $25.5 billion in Q2. However, Tesla’s net income saw a […]
Trump’s Election Win Could Propel Bitcoin to $92K, Claims Bitwise Executive
A top executive from Bitwise, a crypto asset management firm, predicts that Bitcoin could surge to as high as $92,000 if Donald Trump wins the upcoming U.S. presidential election. On October 22, Jeff Park, Bitwise’s head of alpha strategies, shared his insights in a post on X. He explained that by tracking Bitcoin’s price movement […]
Paul Tudor Jones Predicts Inflation Surge, Advocates for Bitcoin Investment
Veteran investor Paul Tudor Jones is betting on Bitcoin and other commodities, forecasting inflation in the U.S. after the November presidential election. In an interview with CNBC on Oct. 22, Jones expressed his investment preferences, saying, “I likely hold a mix of gold, Bitcoin, commodities, and NASDAQ [tech stocks], and I would completely avoid fixed […]
Tesla Expected to Retain $780M in Bitcoin Holdings Despite Recent Moves: Arkham
Tesla likely still holds its $780 million worth of Bitcoin, despite moving the funds to unknown wallets on Oct. 15, says blockchain analytics firm Arkham Intelligence. In an Oct. 22 post on X, Arkham explained that the recent Bitcoin transfers were likely “wallet rotations,” meaning Tesla still controls the funds. On Oct. 15, Tesla split […]
Bitcoin ETF Sees $79M Outflow, Halting 2-Week Rally Amid Stagnant BTC Price Movement
Institutional investors are slowing down their recent Bitcoin buying spree as BTC’s price stabilizes. For the first time in two weeks, inflows to US spot Bitcoin ETFs turned negative, according to data from firms like Farside Investors. BTC price action, staying within 10% of its all-time high, is affecting institutional interest. On Oct. 22, US […]
$556M Surge in Spot Bitcoin ETF Inflows Indicates Significant Change in Investor Sentiment
On October 14, spot Bitcoin exchange-traded funds (ETFs) in the United States recorded their highest single-day inflows in over 120 days, with more than $556 million flowing into the funds. This influx propelled Bitcoin’s price to $67,800, its highest level in three months. Nate Geraci, president of ETF Store, highlighted this milestone as a pivotal […]
Bitcoin Dips Below $67K Amid Stock Market Decline, Yet BTC Derivatives Remain Steady
On October 21, Bitcoin’s price fell to $67,000, wiping out gains from the previous three days. Analysts attribute this correction to investors pulling back on Bitcoin exposure amid concerns of contagion from traditional markets. Despite this, Bitcoin derivatives metrics have shown notable stability. Bitcoin futures show no signs of bearish bets. The Bitcoin futures premium, […]
3 signs Suggest Bitcoin’s Surge to $250K is About to Start
Bitcoin’s price has surged by 55% in 2024, with a 12.5% gain in October alone. This rise is largely attributed to improved investor sentiment, spurred by strong Wall Street earnings. Furthermore, investors are now expecting possible Federal Reserve rate cuts in November. Optimism is also supported by the increasing chances of pro-crypto candidate Donald Trump […]