Bitcoin ETF Hype Hits Ceiling, Sharp Drop Risk Emerges: Analyst
Gold has quietly outrun Bitcoin by a wide margin — and one Wall Street analyst says that gap tells the real story of where markets are headed. Related Reading: XRP Faces No Immediate Quantum Threat As Only 0.03% Supply Seen At Risk: Analyst Bitcoin’s ETF Gains Pale Against Gold’s Run Since the launch of US spot Bitcoin exchange-traded funds in early 2024, BlackRock’s iShares Bitcoin Trust helped push Bitcoin’s price up roughly 50%. Gold, over the same stretch, climbed about 135%. That performance gap is central to the argument being made by Mike McGlone, senior....
Related News
After briefly trading above $59,000 in the early hours of Tuesday, Bitcoin price has now seen a significant retracement, dropping below the $58,000 price mark once again. However, despite this struggle to rally, a CryptoQuant analyst named Kripto Mevsimi recently shared an intriguing observation regarding Bitcoin price on the CryptoQuant QuickTake platform. Related Reading: Bitcoin’s Breakout Blueprint: Analyst Reveals Roadmap For Imminent Surge Bitcoin’s Sharpe Ratio Hits New Lows: Bullish Signal Or A Warning? According to the analyst, Bitcoin’s short-term Sharpe ratio has....
Earlier today, Bitcoin (BTC) slipped below $115,000 for the first time since August 6, raising concerns that the cryptocurrency’s bullish momentum may be fading. Against this backdrop, the Binance Buying Power Ratio suggests that demand for BTC could be weakening, potentially setting the stage for a deeper price correction. Binance Buying Power Ratio Raises Alarms According to a CryptoQuant Quicktake post by contributor Crazzyblockk, the Binance Buying Power Ratio serves as a reliable indicator of overall market health. The analyst explained that the current reading points to a possible....
American politicians have been clamoring about the U.S. facing a significant debt crisis and the debt ceiling putting the country at risk of default. Joe Biden spoke about the debt ceiling and told Republicans to “just get out of the way” when it comes to the decision. Meanwhile, a number of U.S. bureaucrats are floating the idea of minting a $1 trillion platinum coin in order to magically bolster the treasury with cash. Trillion-Dollar Coin Concept Strongly Considered by US Politicians, Former US Mint Director Says Platinum Coin Can Be Minted in Mere Hours Simply creating....
A drop to 83 cents could be the setup XRP investors have been waiting for. Related Reading: Standard Chartered Sees Bitcoin Exploding To $500K By 2030 Crypto analyst Egrag Crypto has identified a falling wedge structure in XRP’s price chart that spans nearly nine months, with the token trading around $1.30 after a prolonged slide. Based on the analysis, XRP may fall further before any significant recovery — but that bottom could mark the start of a sharp move higher, potentially reaching $8.30. Six Painful Months XRP has now posted six straight months of losses, its worst such run....
The Hyperliquid (HYPE) token is under heavy selling pressure as concerns mount over a looming $12 billion unlock event. Trading at $43.37, HYPE has fallen more than 12% in the past 24 hours and is down 20.8% this week, raising alarm across the crypto market. Related Reading: Is Shiba Inu At Risk Of Losing Its […]