Tag: Bitcoin

Strategy buys 3,273 Bitcoin for $255M, reinforcing institutional demand

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Strategy purchased 3,273 BTC for $255 million at an average price of $77,906 per coin, and the Polymarket contract for Bitcoin reaching $200,000 by December 31, 2026 sits at 4.9% YES, unchanged from previous days. Market reaction Traders in the Bitcoin $200K by 2026 market have not repriced the contract following the announcement. The purchase reinforces institutional demand at current price levels, which reduces the probability of a drop to $60,000 in April. Daily trading volume on the contract is $505 in USDC against a $10,272 daily face value, meaning…

Bitcoin Price Advances Toward $80K, Upside Break Now In Focus

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Bitcoin price started a fresh increase and cleared the $78,500 zone. BTC is consolidating and might aim for more gains above the $79,200 level. Bitcoin managed to stay above $76,000 and started a fresh increase. The price is trading above $78,000 and the 100 hourly simple moving average. There is a bullish trend line forming with support at $78,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend gains if it stays above the $78,250 and $77,500 levels. Bitcoin Price Eyes More Gains…

Bitcoin hits $78,000 amid US-Iran tensions, traders eye ETF flows

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Bitcoin reached $78,000 as US-Iran tensions pushed traders into crypto, though the probability of a dip to $60,000 in April remains low given current conditions. Market reaction The April 30 market closes in less than a week. Exact odds on the dip aren’t specified, but Bitcoin’s consolidation between $74,000 and $80,000 points to strong support, driven by geopolitical tensions and ETF flows. The Bitcoin Price Predictions for 2026 market sits at a static 4.9% YES for reaching $200,000 by the end of 2026. Why it matters The term structure in…

Bitcoin sharks accumulate 37,920 BTC as Middle East tensions ease

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Bitcoin sharks have amassed over 37,920 BTC as geopolitical tensions in the Middle East ease, according to Trading View. The market for Bitcoin dipping to $60,000 in April sits at a low probability, while the odds of Bitcoin reaching $200,000 by the end of 2026 are at 4.9% YES. Market reaction The Middle East ceasefire shifted market sentiment to “risk-on,” pushing Bitcoin’s price from $65,834 to around $78,000. Combined with institutional inflows, this has reduced the likelihood of Bitcoin falling to $60,000 in April. The December 2026 market for Bitcoin…

Bitcoin rally stalls amid Japanese inflation and Iran tensions

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Bitcoin’s recent rally paused as rising Japanese inflation and ongoing Iran war tensions introduced market uncertainty. The likelihood of Bitcoin dipping to $60,000 in April sits at 0% YES, and odds on the Bitcoin price on April 24 market show 0.1% YES for Bitcoin trading below $68,000. Market reaction The 0.1% YES odds are unchanged from 24 hours ago. Traders are not pricing in a dramatic price drop, even with geopolitical tensions and inflationary pressures in play. Volume is minimal: just $55 in actual USDC traded, which points to low…

Hyperliquid whale shorts Bitcoin, nets $5.8M as price falls to $77,480

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A Hyperliquid whale shorted Bitcoin at $102,470 and has gained $5.85 million as Bitcoin dropped to $77,480. The trade has traders watching whether Bitcoin could fall to $60,000 by the end of April. Market reaction The short position coincides with geopolitical tensions from the US-Iran conflict, which has added to Bitcoin’s volatility. With Bitcoin at $77,480, more traders are betting on further declines. The market for Bitcoin reaching $60,000 by end of April is drawing interest, though specific odds aren’t available. The whale’s profitable short reflects broader bearish sentiment. Why…

VTB Bank predicts Bitcoin to hit $250K, market remains skeptical

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VTB Bank, Russia’s second-largest state-owned bank, forecasts Bitcoin hitting $250,000 in the medium term, but the Polymarket contract for “Bitcoin reaching $200,000 by December 31, 2026” sits at 4.9% YES, unchanged over the past week. ## Market reaction The December 31 market has not moved despite the forecast. It remains at 4.9% YES with 251 days left for resolution. The prediction coincides with a crypto bill advancing in Russia’s State Duma, but traders have not repriced the contract. ## Why it matters Daily trading volume is $505 in USDC, and…

Bitcoin, Ethereum ETFs see $37.8M inflows amid US-Iran tensions

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Bitcoin and Ethereum spot ETFs attracted $14.45M and $23.38M in inflows respectively on April 24, while the Bitcoin dip to $60,000 in April market sits at 0% YES. Continued inflows into Bitcoin ETFs work against the likelihood of Bitcoin falling to $60,000 this month. The Bitcoin dip to $60,000 market remains inactive. Institutional buyers appear to be treating Bitcoin as a safe-haven asset during U.S.-Iran tensions. The Bitcoin all-time high by June 30 market is at 3.5% YES, up from 3% yesterday. Those low odds show traders doubt a new…