According to Standard Chartered analyst Jeff Kendrick, bitcoin's fall earlier this year will trigger a new rally to $120,000 this quarter amid investors' strategic exit from US assets.
Today at 6:27 AM
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Bitcoin remains stable despite intense macroeconomic situation
Early in the Asian trading session, Bitcoin (BTC) tumbled but managed to hold positions amid concerns regarding macroeconomics.
Today at 7:24 AM
Bitcoin gains White House support during Trump's presidency — TheStreet
In the first 100 days of his second term, United States President Donald Trump fulfilled a campaign promise by signing an executive order to create a Strategic Bitcoin Reserve. TheStreet reported that this action formally established Bitcoin as a strategic US asset.
Today at 6:41 AM
According to Standard Chartered analyst Jeff Kendrick, bitcoin's fall earlier this year will trigger a new rally to $120,000 this quarter amid investors' strategic exit from US assets.
Today at 6:27 AM
Coinotag: bitcoin breaks $94,000 following period of narrow-range consolidation
According to Coinotag, bitcoin has now broken through the $94,000 level, gaining momentum after weeks of narrow-range consolidation. The reserve ratio on Binance suggests continued bullish potential for the cryptocurrency.
Yesterday at 6:10 AM
Bitcoin reserves on crypto exchanges have plunged to a six-year low, hitting just 2.6 million BTC. Since early November, investors have withdrawn over 425,000 coins, opting to secure their holdings for the long term.
25 April
US regulators to make it easier for banks to deal with cryptocurrencies
On Thursday, major US supervisors decided to lift several restrictions on crypto banking activities. These included the Fed, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC).
25 April
Serbia’s Prince predicts major Bitcoin surge due to its deflationary nature
Serbia’s Prince Filip Karadordevic claims Bitcoin’s growth is being artificially suppressed by big market players. In an interview with Simply Bitcoin, the royal insisted the cryptocurrency’s deflationary nature will inevitably send its price skyrocketing.
25 April
Bitcoin and Ethereum exchange-traded funds (ETFs) are currently seeing strong inflows, signaling growing confidence in cryptocurrencies among institutional investors despite recent market volatility, CoinMarketCap reports.
24 April
Demand for bitcoin declines despite sharp rise in price
Since the beginning of this week, the price of bitcoin has surged 10.73%. However, CryptoQuant suggests that this growth is unstable because it has not been accompanied by an increase in demand for the leading cryptocurrency.
23 April
Bitcoin has once again rewritten the history of financial markets by becoming the fifth largest global asset. Its market capitalization reached $1.86 trillion. This allowed the cryptocurrency to consolidate above the mark of $94,000 per coin and outperform Google.
23 April
Bitcoin is the first and most commonly used cryptocurrency in the world. It holds a prominent place in the digital economy and draws the attention of traders and investors. High volatility and a wide range of influencing factors make the forecasting of its price complicated and requiring complex analysis.
Successful bitcoin trading is based on analyzing market trends, fundamentals, and technical factors.
Key elements that determine the value of bitcoin include:
- Macroeconomic indicators such as Federal Reserve decisions, inflation rate, economic stability of major countries.
- Cryptocurrency regulations, which are the laws regulating digital assets, tax implications, and possible restrictions regarding cryptocurrency mining and trading activities.
- Market equilibrium, including the volume of bitcoins mined, the activity of major market players known as crypto whales, and the degree of institutional investor involvement.
- Geopolitical situation, reflected by economic restrictions, international crises and instability, which increase the interest in bitcoin due to its role as an alternative asset.
- Technological development, with updates to Bitcoin protocols, implementation of solutions improving scalability and security, along with the adaptation of new technologies such as artificial intelligence.
Major investors and funds also have a considerable impact on the movement of bitcoin prices. Their massive purchases or sales can cause sharp fluctuations in the exchange rate. In addition, the general sentiment in the crypto market determines the dynamics of BTC, creating periods of high activity and deep corrections.
Forecasting the price of bitcoin is a complex task, as it is formed under the influence of many factors. Successful trading strategies and investment decisions require a thorough analysis of the macroeconomic situation, politics, and investor sentiment.
