Tag: Bitcoin

Spot Bitcoin ETFs Attract $1B in Weekly Inflows as Risk Appetite Returns

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Spot Bitcoin exchange-traded funds (ETFs) recorded nearly $1 billion in net inflows over the past week, marking their strongest performance in more than three months as market sentiment shifts toward risk assets. Data from SoSoValue shows that spot Bitcoin (BTC) ETFs attracted $996 muillion in total net inflows last week, the highest weekly intake since early January, when inflows reached about $1.4 billion. Friday saw $663.9 million in inflows, the strongest single-day performance of the week. Earlier gains included $411.5 million on Tuesday and $186 million on Wednesday, followed by…

BlackRock buys $1.3B in Bitcoin over 8 days amid geopolitical tensions

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BlackRock has accumulated $1.34 billion in Bitcoin over the last eight days, including a $284 million purchase yesterday. Bitcoin above $62,000 on April 17 sits at 99.9% YES, with institutional demand driven partly by hedging against geopolitical instability. The April 17 market shows a 99.9% YES probability of Bitcoin staying above $62,000, with similar levels for April 18. The likelihood of Bitcoin reaching between $78,000 and $80,000 by April 15 hit 100% YES, up from 20% just a week ago. Actual USDC traded for April 18 markets is $89,134, with…

Deutsche Börse invests in Kraken; Bitcoin faces miner, Bhutan sell-offs

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Deutsche Börse’s investment in Kraken and a UK firm tokenizing a £50B fund drew cheers, yet Bitcoin faces headwinds from miner and Bhutan selling. Bitcoin above $62,000 on April 18 is at 99.9% YES. ## Market reaction Bitcoin above $68,000 on April 16 sits at 99.9% YES. The broader Bitcoin price in April market shows increased probability for a dip to $60,000, with bearish sentiment building around the miner and Bhutan sell-offs. ## Why it matters Market liquidity is thick. Daily USDC volume in the April 18 market is $89,134,…

Bitcoin Liquidates $660M In Shorts As BTC Price Rallied Past $78K

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Bitcoin (BTC) rallied above $78,000 to hit another 10-week high on Friday as crypto and equity markets reacted to cooling tensions in the US and Israel war in Iran. The rally above range highs also resulted in a large liquidation of leveraged Bitcoin positions. BTC/USD one-hour chart. Source: Cointelegraph/TradingView More than $660 million in short positions were liquidated, with Bitcoin accounting for $353 million of that total. Ether (ETH) followed with $160 million in short liquidations. Related: Three things Bitcoin must do to hold highs above $76K: Analysts Across the…

Bitcoin, Altcoins Soar After Iran Opens Strait of Hormuz

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Key points: Bitcoin soared above $76,000, opening the doors for a further rally toward $84,000. Several major altcoins are showing strength, signaling broad-based buying by the bulls. Bitcoin (BTC) skyrocketed above the $76,000 resistance on Friday after Iran’s foreign minister said that the Strait of Hormuz will remain open for the remainder of the ceasefire between the US, Israel and Iran. Another positive sign for the bulls is that BTC’s rise has been supported by solid accumulation by the whales. According to CryptoQuant data, BTC whales holding more than 1,000…

Bitcoin rise boosts Strategy’s unrealized gains to $1.8B

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Bitcoin’s rise past $78,000 has pushed MicroStrategy’s unrealized Bitcoin gains to $1.8 billion. The market predicting Bitcoin will be above $66,000 on April 21 is at 98.2% YES. Market reaction Traders are focused on the April 21 date, where odds sit at a consistent 98.2% YES. The number reflects strong confidence that Bitcoin will hold above $66,000, supported by MicroStrategy’s large holdings and the broader crypto rally. Market liquidity shows $1,813 in actual USDC traded daily and $83,785 needed to move the price by 5 percentage points. That depth suggests…

Record Stocks Highs And Cooling Volatility Spark $88K Bitcoin Price Target

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Bitcoin (BTC) refreshed February highs on Friday as attention focused on the upcoming weekly close and a longer-term rally to $88,000. Key points: Bitcoin hits its highest levels in ten weeks as markets abandon geopolitical nerves. BTC price strength may bring back $88,000 in just two to four weeks, a trader predicts. $72,800 becomes the level to watch for the next weekly candle close. Bitcoin price local peak brings hope of $88,000 Data from TradingView confirmed new ten-week highs of $77,027 on Bitstamp. BTC/USD one-hour chart. Source: Cointelegraph/TradingView BTC price…

Bitcoin Tops $76K as Iran Declares Strait of Hormuz Open

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Iran’s foreign minister said Friday that the Strait of Hormuz is open to commercial vessel traffic for the remainder of the current ceasefire, prompting quick market reactions. “In line with the ceasefire in Lebanon, the passage for all commercial vessels through Strait of Hormuz is declared completely open for the remaining period of ceasefire,” said Iranian Foreign Minister Seyed Abbas Araghchi in a Friday X post. Source: Seyed Abbas Araghchi US President Donald Trump confirmed the opening of the passage in a Friday post on Truth Social. Bitcoin (BTC) briefly…

Bitcoin Price Builds Strength, $75K Break Could Trigger Surge

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Bitcoin price started a fresh increase and cleared the $74,650 zone. BTC is consolidating and might aim for more gains above the $75,500 level. Bitcoin managed to stay above $73,500 and started a fresh increase. The price is trading above $74,200 and the 100 hourly simple moving average. There was a break above a bearish trend line with resistance at $74,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend gains if it stays above the $73,650 and $73,300 levels. Bitcoin Price Eyes…

Bitcoin Eyes $90K As Whales Devour 20x Daily BTC Supply In Just 30 Days

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Bitcoin (BTC) appears on track to hit $90,000 in the coming weeks as whales accumulated about 20 times the cryptocurrency’s daily new supply in the past weeks. Key takeaways: Whales bought roughly 270,000 BTC in the past 30 days. BTC broke out of its symmetrical pattern setup with a measured target at around $92,220. BTC whales accumulate at fastest pace since 2013 Whales, entities that hold over 1,000 BTC, have added roughly 270,000 coins to their wallets in the past 30 days, marking their largest buying spree since 2013, according…