Crypto investors may be underexposed to Bitcoin, especially as option traders grow more bullish on the asset, according to 10x Research head Markus Thielen. “We remain constructive, especially as many traders appear underpositioned following last month’s option expiry, which led to significant exposure roll-off,” Thielen told Cointelegraph on Wednesday, explaining there’s a chance Bitcoin (BTC)…
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Bitcoin could be heading to $150,000 after spiking to a new all-time high of $112,000 on Wednesday, according to a Bitcoin bull. “See you at $150k,” Milk Road co-founder Kyle Reidhead said in an X post on Wednesday, referencing a previous post in late June showing a “bullish cup and handle” formation that he said…
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Traders are cautious about buying Bitcoin at its current level, as the cryptocurrency is struggling to find the strength to break above its all-time high of $111,970, according to Bitfinex analysts. “Bulls are hesitant or unable to push prices significantly higher without fresh catalysts or clearer macro signals,” Bitfinex analysts said in a markets report…
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Crypto traders are becoming increasingly bullish on social media over Bitcoin’s chances of reclaiming $110,000, but the surge in optimism isn’t always a good sign, says blockchain analytics platform Santiment. “It’s pretty clear that the crowd is starting to salivate over a potential $110K+ Bitcoin market value,” Santiment analyst Brian Quinlivan told Cointelegraph. Bullish Bitcoin…
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Blockchain intelligence firm Arkham says the recent $8.6 billion in Bitcoin that was moved on Thursday for the first time in over 14 years doesn’t appear to be heading for a sell-off. “There are no indications that this whale is selling Bitcoin,” Arkham said in an X post on Friday. Arkham firm added that the…
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Governments have no right to tax Bitcoin because managing ownership rights requires no administrative efforts, says Miller Value Partners chief investment officer Bill Miller IV. “For them to reach their hand in there doesn’t make a ton of sense,” Miller told Natalie Brunell on the Coin Stories podcast on Wednesday. Blockchain does the ownership recording,…
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OKX founder and CEO Star Xu has apologized to users after reports surfaced of wrongful account freezes on the crypto exchange, including one case where a user remained locked out of their funds despite completing extensive verification steps. “We sincerely apologize for any inconvenience caused. We acknowledge that issues such as high false-positive rates and…
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Conor Grogan, Coinbase’s head of product, says there’s a slight chance the $8.6 billion worth of Bitcoin moved on Thursday — from eight wallets that had held the Bitcoin for over 14 years — was caused by a hack, and if so, it could be the largest robbery ever. “If true (again, I’m speculating on…
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A crypto analyst says the Bitcoin treasury strategy may not have the longevity many expect, warning that the easy upside may already be behind new companies entering the space. “My instinct is the Bitcoin treasury strategy has a far shorter lifespan than most expect,” Glassnode lead analyst James Check said in an X post on…
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Bitcoin may only have a few months of price expansion left in the cycle, especially if it follows the same historical pattern from 2020, a crypto analyst warns. “We have a very small sliver of time and price expansion left,” crypto analyst Rekt Capital said in a video on Thursday, basing his forecast on how…
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