Tag: Bitcoin

BlackRock buys $900M in Bitcoin via iShares Bitcoin Trust

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BlackRock purchased $900 million in Bitcoin through its iShares Bitcoin Trust. Bitcoin reaching $80,000 in April now sits at 75.5% YES, up from 44% yesterday and 31% a week ago. The $80,000 target market had $261,995 in face value trades, with actual USDC spent at $105,235. The largest single move was a 5-point spike at 8:48 AM, pushing odds from 46% to 50%. Bitcoin $80,000 is now priced as likely, with the jump in odds coinciding with geopolitical tensions involving Iran, Israel, and the US. The odds for Bitcoin reaching…

Ethereum Risks 10% Dip Versus Bitcoin Despite ETH Staking Milestone

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Ethereum’s record 32.33% staking ratio is shrinking liquid supply, reducing sell pressure and potentially supporting an ETH price recovery over time. Ether (ETH) has fallen about 5.5% against Bitcoin (BTC) over the past week, and a bearish continuation setup now points to the risk of deeper losses ahead. Key takeaways: Ether’s bear flag risks 10% correction The ETH/BTC ratio has been carving out a bear flag pattern since February, consolidating inside a rising parallel channel after a sharp downside move. In technical analysis, bear flags are typically viewed as continuation…

Bitcoin breaks out of months-long range on Iran ceasefire extension

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Bitcoin just did something it hasn’t managed in months: it broke free. After spending nearly three months pinned between $65K and $75K, BTC surged past $79K on Wednesday, riding a wave of geopolitical relief after President Trump extended the US ceasefire with Iran just hours before the two-week deal was set to expire. The timing was, as they say, not subtle. What happened The ceasefire extension removed what traders had been pricing in as an imminent risk. An expiring deal with Iran, left to lapse, would have injected fresh uncertainty…

Bitcoin Bollinger Bands Setting Up BTC Price for ‘Powerful Move’

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Bitcoin (BTC) could see further upside volatility as several technical indicators suggested the BTC price was due for a “powerful“ upward move. Key takeaways: Bitcoin’s Bollinger Bands indicator now sees the potential for a massive price breakout. BTC price needs to overcome resistance at $80,000 for more upside.  Bollinger Bands suggest Bitcoin’s “bull run is next” Bitcoin’s Bollinger Bands have reached their tightest point ever on the monthly time frame, signaling that volatility should be expected soon. Related: Bitcoin ‘Bull Score’ hits six-month high as 2022 bear-market fears linger Bollinger…

Bitcoin Bull Score Index Rebound Fails to Quash 2022 Bear Market Fears

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Bitcoin (BTC) price metrics are showing relief this month, but the risk of repeating the 2022 bear market remains. Key points: Bitcoin’s Bull Score Index combined price metric reaches its highest levels since October last year. The relief may be short-lived, analysis warns, pointing to the 2022 bear market. Crypto sentiment reaches its most bullish since January, per the Crypto Fear & Greed Index. Bitcoin Bull Score Index ditches “bearish” zone New data from onchain analytics platform CryptoQuant place the spotlight on the Bitcoin Bull Score Index (BSI). Bitcoin has…

Kevin Warsh’s Fed nomination boosts Bitcoin sentiment amid crypto holdings disclosure

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Kevin Warsh’s Senate confirmation hearing hinted at crypto-friendly policies, pushing the market on Bitcoin reaching $80,000 in April to 65.5% YES, up from 44% just a day ago. Warsh, nominated for Federal Reserve Chair, disclosed significant holdings in crypto projects, a potential shift in monetary policy direction. This has fueled speculation around Bitcoin’s trajectory. The $80,000 market here moved sharply, with the largest jump being a 5-point spike at 8:48 AM. The $150,000 target sits at a negligible 0.1% YES, meaning traders read Warsh’s influence as a moderate boost, not…

Russia’s State Duma passes crypto bill, Bitcoin demand may rise

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Russia’s State Duma passed the crypto regulation bill in its first reading. Bitcoin reaching $80,000 in April sits at 66% YES, up from 44% yesterday. Market reaction The market moved sharply, with a 5-point spike in Bitcoin’s price target odds for April. Russia recognizing crypto as property and allowing cross-border use signals potential demand increases. The Bitcoin $80,000 market is now a two-thirds bet on hitting that mark, meaning traders are pricing in a bullish impact from Russia’s legal shift. The $150,000 market remains flat at 0.1% YES. Why it…

Bitcoin Price Rebound Accelerates, Traders Eye Strong Upside Continuation

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Bitcoin price started a recovery wave above the $75,000 zone. BTC is consolidating and might aim for more gains if it clears the $77,350 resistance zone. Bitcoin managed to form a base above $74,500 and started a recovery wave. The price is trading above $75,500 and the 100 hourly simple moving average. There is a rising channel forming with resistance at $77,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might gain bullish momentum if it settles above the $77,500 zone. Bitcoin Price Regains…

US Admiral Touts Bitcoin a Tool For US Power Projection

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A senior US military commander has lauded Bitcoin as a “valuable computer science tool,” arguing its usefulness extends beyond monetary applications and can support US national security interests. “It is a valuable computer science tool, as a power projection,” Admiral Samuel Paparo said at a Senate Armed Services Committee hearing on Tuesday, adding that Bitcoin’s proof-of-work technology “imposes more cost” on attackers attempting to compromise the network: “Outside of the economic formulation of it, it has got really important computer science applications for cybersecurity.” The Senate hearing looked into the…

North Korea’s Lazarus Group launders $290M in crypto via Ethereum, Bitcoin

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Hackers linked to North Korea’s Lazarus Group have laundered $290 million in stolen crypto via Ethereum and Bitcoin. Bitcoin reaching $80,000 in April is at 36.5% YES, down from 44% yesterday. The $80,000 Bitcoin market dropped from 44% to 36.5% YES after the laundering news broke. That said, the contract was at 31% a week ago, so the current level still represents a net gain over the past seven days. The $150,000 market sits at 0.1% YES, flat and pricing in almost no chance of a large rally. The hack…