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Bitcoin's Safe-Haven Appeal Returns: BlackRock's Bet, China's Gray Market Thrives, Turkey's Tax Flip-Flop Fuels RallyRobbie Mitchnick, head of digital assets at BlackRock, recently reiterated Bitcoin's potential as a "safe-haven" asset, despite its tendency to track US equities. In a Bloomberg interview, he likened Bitcoin to gold, highlighting its decentralized nature and limited supply as key differentiators from traditional assets

AI-Fueled Cryptocurrencies Lead Altcoin Rally, Bitcoin Poised to Break All-Time High on Multiple CatalystsArtificial intelligence-related cryptocurrencies spearheaded a rally in the crypto market on Monday, with altcoins outperforming Bitcoin (BTC). The native tokens of first-layer blockchain Near (NEAR) and decentralized computing platform Render (RNDR) jumped 18%-20% in the past 24 hours, topping the gains in the CoinDesk 20 index, which rose 1

Bitcoin Rebounds to $58,000: Dead Cat Bounce or True Rally?Bitcoin (BTC) has recently experienced a period of weakness, falling below $53,000. However, today (October 10th) it surged back above $58,000, reaching $56,822 at the time of writing, representing a 3

Bitcoin Rebounds Above $57,000 as Wall Street Rally Lifts Crypto MarketBitcoin surged above $57,000 after Wall Street rebounded from its worst week of the year. The flagship cryptocurrency rose 5

Crypto Market in Flux: Will the C-Wave Rally Sustain?The crypto market experienced a strong rebound this week, with Bitcoin surging past $65,000, following Fed Chairman Powell's speech. However, the sustainability of the C-wave rally and the direction of the future market remain to be seen

Bitcoin unlikely to see large-scale rally in the short term: Analysts expect a dip test, with prices potentially reaching the $53,000-$54,000 rangeDespite the July Consumer Price Index (CPI) rising 2.9% year-on-year and inflation easing for the fourth consecutive month, the market widely expects the Federal Reserve to begin cutting interest rates next month, which briefly pushed Bitcoin to $61,500

Why Didn't Bitcoin Rally with the US Stocks? Deciphering the Current State and Future Trends of the Crypto MarketThe latest CPI data released last night further solidified the expectation of interest rate cuts, triggering a significant move in the US stock market. The Nasdaq plunged by 2%, while the Russell 2000 surged by 3

Bitcoin Bulls Reignite Rally, Spot ETF Inflows Stabilize as Ethereum Spot ETF LoomsBitcoin (BTC) rebounded strongly in early trading on Monday, breaking through $63,750 and kicking off the shortened trading week in the US, setting the stage for the upcoming July 4th holiday. BTC had previously dipped to a low of $59,881 last week, but rallied 6

Bitcoin Hits New High: ETF-Fueled Rally Gains Momentum from Halving EffectOn March 5, 2023, Bitcoin's price surged past $69,000, setting a new all-time high and marking a staggering 62.64% gain year-to-date

Bitcoin Rekindles Rally, Institutional Inflows and "Whale" Purchases Drive Market ReboundOn Monday, Bitcoin reversed its decline from last week, rebounding strongly and bringing a general warming to the digital currency market. The spot Bitcoin ETF rose across the board by about 11%, the CME Bitcoin futures BTC main contract closed at $71,075, up 6

Ethereum Whale Transactions Surge in March, Signaling ETH Price Rally Summary Ethereum (ETH) whale transactions have been on the rise in March, indicating a potential rally in ETH price. ETH price has been trading within a tight range, hinting at a possible breakout towards $4,000

The TD order indicator has recently issued a buy signal on the SHIB weekly chart. Past examples have led to a 100% increase in SHIB prices