Bitcoin Bulls Target $69K Lifetime Highs Ahead of Halving
An expected pre-halving rally is a good spot to realize short-term profits, one market observer said.
An expected pre-halving rally is a good spot to realize short-term profits, one market observer said.
The funding rate spread has collapsed, indicating increased appetite by traders to speculate further out on the risk curve.
Spot bitcoin ETFs had their best day since their debut on Monday, recording $2.4 billion in daily trading volume coupled with strong inflows.
A price target of $990 is based on the assumption that bitcoin will reach $125,000 by year-end 2025, the report said.
A market observer said that bitcoin and crypto markets will enter an “unprecedented phase of adoption” as prices eventually breach lifetime peaks.
The spot ETFs posted record volumes on Monday as bitcoin gained 6% during U.S. trading hours.
Ether is now the largest single asset held by institutions, with Bybit speculating that this may be because of a potential upward swing from the Dencun upgrade
The “turnover ratio” offers an indication of the proportion of a fund’s assets traded each day.
The Bitcoin creator saw an irony in the debate between economic liberty and conservation in an email thread with an early collaborator Martii ‘Sirius’ Malmi.
The latest price moves in crypto markets in context for Feb. 23, 2024.