Bitcoin rose to around $81,025 on May 5, supported by $1.16 billion inflows into U.S. spot Bitcoin ETFs and whale purchases of 4,527 BTC worth $362 million. Despite the price rally, on-chain activity hit two-year lows, suggesting the surge is driven more by institutional demand and large holders than broad retail participation. Analysts highlight a key resistance near $83,000, with potential targets at $89,000 and $94,000 if Bitcoin closes above the 200-day moving average. Market conditions also improved due to reduced geopolitical tensions and better miner returns.
A state-backed Shanghai company has started producing advanced lithography machines, breaking the Dutch company ASML's monopoly. This development rattled AI and semiconductor stocks and dragged down the S&P 500, reflecting concerns over US-led chip e...
Michael Saylor's firm, Strategy, has paused its regular Bitcoin purchases for over a month to focus on increasing its cash reserves. The company recently added $525 million to its U.S. dollar holdings, bringing total cash to $3.75 billion, enough to ...
Ethereum's value relative to Bitcoin has risen to its highest point in three months, with the ETH/BTC ratio reaching 0.03 on July 27. Over the past month, Ethereum gained about 24%, significantly outperforming Bitcoin's 8% gain. This shift indicates ...
ChatGPT predicts Bitcoin's price will reach $145,000 by the end of 2024, suggesting a 122% increase from current levels around $65,060. Looking further ahead to December 31, 2026, it forecasts a new all-time high with a weighted probability approach:...
Cryptocurrency markets exhibit mixed price changes, with Bitcoin rising 0.72% to $64,914 and Ethereum increasing 3.54% to $1,953. Other notable movements include Binance Coin up 0.46% and Shiba Inu down 4.44%. These fluctuations reflect ongoing marke...
