Tag: Bitcoin

Bitcoin Circles $68,000 as Stocks Wobble on Iran War Rhetoric

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Bitcoin (BTC) stayed near a key long-term trend line at Tuesday’s Wall Street open as markets waited for US-Iran war cues. Key points: Bitcoin and US stocks attempt to shrug off claims by US President Donald Trump that a “whole civilization will die” after his Iran deadline expires. Oil eyes a rematch with multiyear highs as escalation fears take control. Bitcoin traders see lower levels resulting from current indecision. Bitcoin attempts to ignore Trump Iran comments Data from TradingView showed BTC price action focusing on its 200-week exponential moving average…

MARA Holdings moves $17 million in Bitcoin after massive selloff, job cuts

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Blockchain infrastructure company MARA Holdings moved 250 Bitcoin worth about $17 million to new addresses on Monday, according to on-chain data. The move comes after the company sold 15,133 Bitcoin for approximately $1.1 billion last month. The leading crypto miner held 38,689 BTC, valued at $2.6 billion, following its March sale. That figure places it as the fourth-largest public company that holds the digital asset behind Strategy, Twenty One Capital, and Metaplanet. Metaplanet added 5,075 BTC in Q1 2026, moving ahead of MARA with 40,177 coins. Shares of MARA have…

Bitcoin Trader Eyes Bear Market Bottom as Stochastic RSI Mimics 2023

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Bitcoin (BTC) is copying the end of its 2022 bear market “nearly perfectly,” according to a new BTC price analysis. Key points: Bitcoin stochastic RSI values are “nearly perfectly” repeating the end of its last bear market, new analysis claims. Both recent local bottoms and the current rebound echo conditions from three years ago. Standard RSI is already on the radar for a potential BTC price bottom signal. Bitcoin stochastic RSI echoes 2023 rebound In an X post on Monday, crypto trader Quantum Ascend revealed copycat moves playing out on…

US Spot Bitcoin ETFs Hit Strongest Gains Since February

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US-listed spot Bitcoin exchange-traded funds (ETFs) have renewed the pace of inflows, recording their largest daily flows in weeks. Spot Bitcoin (BTC) ETFs posted $471 million in inflows on Monday, the largest daily inflow since Feb. 25, when the funds attracted $507 million, according to SoSoValue. The inflows came as the Bitcoin price briefly approached $70,000 before retreating below $69,000, according to CoinGecko data. The volatility occurred amid ongoing geopolitical pressure as well as renewed concerns over Bitcoin’s quantum resistance, while the Crypto Fear & Greed Index remained in “Extreme…

Bitcoin ETFs record $471 million in largest daily inflows in over a month

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Investors poured $471 million into US spot Bitcoin ETFs on April 6, the largest single-day gain since late February, according to Farside Investors. BlackRock’s IBIT and Fidelity’s FBTC topped the inflows, followed by ARK Invest and 21Shares’ ARKB. Other competing funds posted smaller gains. IBIT pulled in roughly $182 million, and FBTC added approximately $147 million. Together, the two products made up about $329 million of the day’s total inflows, a ratio consistent with their dominance of the spot Bitcoin ETF category since these funds launched in January 2024. The…

Bitcoin spot ETFs attract nearly $500M as BlackRock leads institutional interest

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Bitcoin spot ETFs attracted nearly $500 million on Monday, with BlackRock leading the charge. Odds for Bitcoin hitting $100,000 by June 30 are rising. This surge indicates strong institutional interest, as Bitcoin acts as a macro hedge. The June 30 market, questioning if Bitcoin will surpass $100,000, shows a positive shift. Geopolitical tensions in the Middle East are driving traders to anticipate price increases. The June 30 market reflects confidence in Bitcoin’s upward path. Despite the inflows, caution persists—no single sub-market odds have solidified. BlackRock’s adoption is absorbing selling pressure,…

Matthew Sigel: AI capital expenditures are reshaping market strategies, Bitcoin miners are pivotal in the AI boom, and the US’s energy self-sufficiency reduces reliance on the Strait of Hormuz

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Key takeaways AI capital expenditures and geopolitical factors are major influences on market strategies. The Strait of Hormuz’s geopolitical situation could impact energy markets significantly. AI is boosting productivity, reducing the need for additional hires in some sectors. Bitcoin miners are pivotal in the AI capital expenditure trend. Marathon Digital Holdings is integrating AI into its business model, moving beyond Bitcoin. Valuation arbitrage exists for Bitcoin miners focused on AI and high-performance computing. N Scale’s valuation increase highlights its investment success. The market might underestimate the potential for a ceasefire…

Bitcoin May Hit $110K as Strategy Absorbs Nearly 3x New BTC Supply

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Bitcoin (BTC) is trading within a bear flag pattern that projects a breakdown toward the sub-$50,000 area, or roughly 30% below current levels. However, Michael Saylor’s Strategy could spoil the bears’ plans. BTC/USD three-day price chart. Source: TradingView Key takeaways: Bitcoin has avoided a bear flag breakdown for weeks as Strategy keeps buying BTC. The setup now resembles Bitcoin’s 2018 bottom, when a bearish pattern failed and triggered a reversal. Can Strategy’s BTC buying offset weak technicals? Normally, a bear flag remains a bearish continuation pattern because there is not…

Bitcoin rises as markets await Trump’s Iran deadline, June 30 price target in focus: ZeroHedge

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Bitcoin’s value increased as markets remained cautious ahead of Trump’s Iran deadline. The odds for Bitcoin exceeding $100,000 by June 30 show moderate likelihood, indicating a flight to safety amid geopolitical risks. A report from @zerohedge suggests Bitcoin’s rise acts as a hedge against macro risks, with tensions escalating between the US, Israel, and Iran. The market is focused on the June 30 Bitcoin price target, with odds showing optimism for Bitcoin’s strength amid the geopolitical climate. No trading volume was recorded in the Bitcoin price target market over the…

Bitcoin Profit Takers Keep BTC Price Action Away From $70,000 Reclaim

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Bitcoin found familiar resistance as it crossed the $70,000 mark to hit new April highs, with analysis blaming “profit-taking pressure.” Bitcoin (BTC) coiled below $70,000 at Monday’s Wall Street open as analysis blamed profit taking for price inertia. Key points: Bitcoin and stocks wobble as the US trading session begins amid nerves over the US-Iran war outcome. Profit taking activity is keeping BTC price action away from a $70,000 reclaim, says research. A Trader says $71,000 will act as fuel for a surge $10,000 higher. BTC price meets “profit-taking pressure”…