Category: Cryptocurrency news

Bitcoin price-metric basket sees longest capitulation since FTX blow-up: Glassnode

Bitcoin price-metric basket sees longest capitulation since FTX blow-up: Glassnode Bitcoin ($BTC) is seeing its longest capitulation since the end of the 2022 bear market, onchain analytics platform Glassnode reported on Monday. Key points: 45 Bitcoin price metrics tracked by Glassnode are in their longest “capitulation” phase since the collapse of FTX in late 2022. […]

Why bitcoin’s ‘500-day rule’ faces its biggest test yet

A historically profitable bitcoin BTC$64,196.50 trading rule, built around the cryptocurrency’s four-year halving cycle, is pointing toward another potential buying opportunity. But this time around, the pattern might not work as well as before, as spot bitcoin ETFs and institutional investors influence the market more than ever before. The “500-Day Rule,” popularized by Pantera Capital […]

BitMEX Founder Arthur Hayes Gives a Date: ‘If the AI Bubble Bursts, Bitcoin Could Reach $1 Million!’ Here Are the Details

BitMEX founder Arthur Hayes argued that Bitcoin could experience a historic surge if the financial bubble he suggests is forming in the AI sector bursts. According to Hayes, a potential AI bubble collapse around 2028 could trigger economic conditions that push the Bitcoin price above $1 million. Hayes stated in his assessment that the real […]