Bitcoin Price

CME Data Shows Institutional Investors Undeterred by Bitcoin Price Drop

CME Bitcoin (BTC) futures and options markets expired on May 29, and despite a $100 hiccup, the price of the largest digital asset on CoinMarketCap held up nicely around the $9,400 level. As the market entered this last trading session, open interest for CME Bitcoin futures expiring in May was rather small at $30 million. …

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Crypto Analyst Releases Stock-to-Flow Model Indicator for BTC Bull Run

Crypto analyst PlanB released a key indicator for its stock-to-flow price prediction model which could signal a Bitcoin bull run to $100,000 by 2021 has just begun. PlanB confirmed on Twitter on May 31 that the red dot — indicating a price increase — was now present in its stock-to-flow (S2F) model, a price prediction …

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Bitcoin Google Interest Mimics $10K Price Run as ‘Halving Hype’ Fades

Bitcoin (BTC) interest is hitting levels that last appeared during its March crash recovery as hype over the halving finally fades. According to the latest data from Google Trends, as of May 30, search interest was back to the same position as in mid-April. At the time, BTC/USD jumped from $6,800 to over $10,000 over …

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Bitcoin Price Surges Past $9.4K as Week of Gains Targets Five Figures

Bitcoin (BTC) hit $9,400 on May 28 in its latest attempt to upend a downward trend which had seen $8,640 lows just days before. Cryptocurrency market daily overview. Source: Coin360 BTC price: 3-day gains near 8% Data from Cointelegraph Markets and CoinMarketCap showed BTC/USD retaking new ground in Thursday trading, with daily gains at 3%. …

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Bitcoin ‘Hodl Wave’ Data Has Now Been Calling a Bull Run for 5 Months

Bitcoin (BTC) is more likely to be at the start of a new bull market than at any time since 2016, new data covering investors suggests. Noted by Phillip Swift, creator of monitoring resource Look Into Bitcoin, the data shows that 60% of the Bitcoin supply has not moved from its wallet in over one …

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Spike in BTC Exchange Inflow Preceded Bitcoin Price Correction to $8.6K

On May 24, the price of Bitcoin (BTC) dropped to $8,800 from $9,300. In the next 24 hours, it declined to as low as $8,600, leaving the top ranked digital asset on CoinMarketCap at risk of a bigger pullback. The initial drop of Bitcoin below $9,000 coincided with a massive inflow of BTC into exchanges …

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Bitcoin Price Ping Pong Within Tighter Range Hinting at $8.5K Next

The price of Bitcoin (BTC), the top-ranked cryptocurrency by market capitalization, has seen a spike towards $10,500 before the halving took place on May 11. However, the price of Bitcoin has been having problems since the halving and is currently showing more signs of weakness. On the other hand, altcoins have been starting to show …

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Wild Weekend for Bitcoin Price? US Lockdown Loosens on Memorial Day

Since dropping below the ascending channel trendline to $8,815 on May 21, Bitcoin (BTC) price has recovered 4.78%. BTC/USD continues to meet resistance at the 20-day moving average, obstructing traders’ desire to push the price above $9,300.  Crypto market weekly price chart. Source: Coin360 In the United States, this weekend includes the Memorial Day holiday, …

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People Are Removing the Most Bitcoin From Exchanges Since 2018 Bottom

Bitcoin (BTC) is failing to retake $10,000 due to a fresh wave of miner selling, fresh data suggests ten days after the halving. Compiled by monitoring resource CryptoQuant, the figures show that over the past five days, combined outflows from BTC mining pools spiked 600% — from 1,066 BTC to 7,426 BTC on May 20.  …

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Miner Revenues Crash, But This Has Always Marked Bitcoin Price Bottoms

The revenue of Bitcoin (BTC) miners dropped to early 2019 levels for the second time in 2020. Every time it declined to a multi-year low, it marked the start of a bullish trend for BTC. The last time the daily revenue of Bitcoin miners hovered at around $7 million was on March 13, 2020. At …

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