Tag: Bitcoin

Coinbase deal on CLARITY Act provision may boost Bitcoin regulatory clarity

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## Market Snapshot The prediction market on Bitcoin reaching $200,000 by December 31, 2026, currently shows a 4.5% YES probability. This reflects a slight decrease from 5% in the past 24 hours. The volume in the last 24 hours stands at $490 in actual USDC. ## Key Takeaways – The tentative agreement on the CLARITY Act appears to suggest progress towards resolving a significant regulatory hurdle. – Market pricing suggests participants view this as supportive of potential increases in Bitcoin’s future price. – The CLARITY Act’s advancement may indicate increased…

Bitcoin, Altcoins Breakout With Strength: Are New Highs Next?

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Key points: Bitcoin will have to flip the $80,000 level into support to continue its up move to $84,000. Several major altcoins are finding buyers at lower levels, but they will have to overcome the overhead resistance to start a new up move. Bitcoin (BTC) has risen above $78,000, extending upon its 11.87% rally in April, per CoinGlass data. The recovery in April was supported by solid buying in the US spot BTC exchange-traded funds, which saw $1.97 billion in inflows, according to SoSoValue data. The rally is expected to…

US redefines Bitcoin as national security asset amid global tensions

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## Market Snapshot Bitcoin Price Above on May 2 is currently priced at 99.8% YES, showing a slight increase from 99% a day ago. The Bitcoin Price Above on May 1 market is at 99.9% YES, down slightly from 100% the previous day. ## Key Takeaways – Hegseth’s remarks appear to suggest increased institutional interest in Bitcoin as a strategic asset. – The positioning of Bitcoin as a national security asset by the U.S. Department of Defense suggests potential for increased geopolitical leverage. – Market movement towards a higher probability…

Bitcoin holds above $77,000 amid ETF outflows, geopolitical tensions

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## Market Snapshot In the “Bitcoin Price Targets” market, the odds of Bitcoin reaching $80,000 in April are at 0.1% YES, a decline from 3% 24 hours ago. The “Bitcoin Price Above on May 1” market remains highly supportive of a YES outcome, with odds at 99.9% for Bitcoin being above $68,000. Meanwhile, the “Bitcoin Price Predictions for April 30” market shows a 0.1% YES probability that Bitcoin will reach $79,000. ## Key Takeaways – Bitcoin’s resilience above $77,000 suggests support for the view that it will remain above $68,000…

Bitcoiners Launch AI-Powered Bitcoin FUD-Fighting Database

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A group of Bitcoiners has launched a new open-source AI tool that generates evidence-based responses to misconceptions about Bitcoin’s environmental impact, energy use and its role in the financial system.  Nordic-based Bitcoin education platform Bitcoin Beyond 66 said it built “The Bitcoin Evidence Base” at a time when there is a “growing body of peer-reviewed research” showing the environmental benefits of Bitcoin mining, but “outdated data, methodologically weak studies, or plain lack of knowledge” continue to negatively shape public perception. The database seeks to offer users quick access to relevant,…

Bitcoin Price Action Favors Bears But Profit Taking Overwhelms Each Rally

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Bitcoin (BTC) traders pushed the price to $77,400, but data suggests profit-taking may thwart the bull’s goal of turning the $77,000 to $80,000 zone into support.  Orderbook data from TRDR shows over $130 million in asks extending from $76,700 to $79,300.  BTC/USDT Binance perps orderbook. Source. TRDR.io Given Bitcoin’s negative futures funding rate and the small negative long-short delta (-$1.47 million at the time of writing), bulls have a slight edge in the short-term. The situation could shift further in their favor if the BTC price pushes into short liquidity…

Bitcoin hits $77,000 amid US-Israel-Iran tensions, oil prices surge

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## Market Snapshot Bitcoin price predictions for April 30 are currently priced at 0.1% YES, indicating little change in expectations. Meanwhile, the market for Bitcoin staying above $68,000 on May 3 is strongly supportive of a YES outcome, priced at 99.2% YES. The market for Bitcoin reaching $94,000 between April 27 and May 3 remains at 0.1% YES. ## Key Takeaways – Bitcoin’s recent surge to $77,000 suggests heightened market interest in potential increases, though specific market outcomes remain varied. – The geopolitical climate, including U.S.-Israel-Iran tensions, appears to influence…

Bitcoin Price Recovery Near Resistance, Breakout Or Rejection Next?

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Bitcoin price started a recovery wave above the $76,500 zone. BTC is consolidating and might aim for more gains if it clears the $76,750 resistance zone. Bitcoin managed to form a base above $75,000 and started a recovery wave. The price is trading below $77,000 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance at $76,750 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might gain bullish momentum if it settles above the $77,000 zone. Bitcoin Price…

Bitcoin ETFs See $490M in Outflows as Price Fails to Reclaim $78,000 Level

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Key takeaways: Spot Bitcoin ETFs saw $490 million in net outflows over three days, signaling a recent dip in institutional demand. Rising inflation is eroding real yields on fixed income, likely fueling long-term demand for scarce assets like BTC. Bitcoin (BTC) faced three consecutive days of outflows from US-listed spot exchange-traded funds (ETFs). The outflows coincided with a failed attempt to reclaim $78,000. Traders fear more downside, but heightened US inflation will likely act as a catalyst for further bullish momentum. US-listed Bitcoin spot ETFs daily net flows, USD. Source:…

Bitcoin volatility spikes post-FOMC as market doubts $79K target

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## Market Snapshot Bitcoin price predictions for April 30 show 0.5% YES for reaching $79,000, consistent across sub-markets. Meanwhile, the market for Bitcoin being above $68,000 on May 1 stands at 99.9% YES. Ethereum’s price prediction for reaching $2,350 on April 30 is priced at 1.1% YES. ## Key Takeaways – Aark Digital highlights that Bitcoin’s volatility increased following the FOMC’s decision to maintain interest rates. – Historical patterns suggest Bitcoin prices often decline after FOMC announcements, contributing to current market pricing. – Market pricing for Bitcoin reaching $79,000 by…