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Bitcoin’s price dipped below $26,000 on May 25 but quickly recovered and soared above $28,000 on May 29. The rally was triggered by reports that a tentative deal was reached between the White House and congressional Republicans. This was important because, without a deal, the United States was staring at a debt default in early […]
The post Bitcoin may be ready for a rally above $30,000. appeared first on Platinum Crypto Academy.
Bitcoin is nearing its all-time high of $69,000 made in November 2021. While several traders anticipated a new high later in the year, it has come earlier than expected. Traders are enthused with the launch and the solid demand for the spot exchange-traded funds. BlackRocks Bitcoin ETF is the fastest to reach $10 billion in […]
The post Is it time to book profits in Bitcoin and select altcoins? appeared first on Platinum Crypto Academy.
Bitcoin has been all over the place in the past few days. It rose to a new lifetime high of $73,835 on March 14 but then quickly gave back its gains and plummeted to $64,774 on March 16. This shows that some traders may have booked profits after the recent leg of the rally. Will […]
The post Will Bitcoins weakness boost buying in altcoins? appeared first on Platinum Crypto Academy.
Bitcoin is on track to finish March with gains of more than 16%. The banking crisis in the United States and Europe was largely responsible for the sharp rally in March. However, even as the crisis subsides, Bitcoin bulls have not hurried to book profits, indicating that they expect the rally to continue. Following the […]
The post Is the next dip in Bitcoin a buying opportunity? appeared first on Platinum Crypto Academy.
BlackRock, the world’s biggest asset manager, filed for a spot Bitcoin exchange-traded fund on June 15. Similar applications were filed by WisdomTree and Invesco on June 20. Cryptocurrency fund manager Valkyrie added to the rush with a filing on June 21. There are rumors that Fidelity may also follow suit. These filings gave a boost […]
The post Could Bitcoin soar to $40,000? appeared first on Platinum Crypto Academy.
Bitcoin’s narrow-range trading resolved to the downside on July 24, indicating that bears overpowered the bulls. There was no specific negative news that could be attributed to the drop. Looks like the Bitcoin bulls may have booked profits before the Federal Reserve’s policy decision on July 26. Market observers expect the Fed to raise rates […]
The post Is The Action Shifting From Bitcoin to Altcoins? appeared first on Platinum Crypto Academy.
After closing above $30,000 in the week before, Bitcoin witnessed aggressive profit-booking last week, which resulted in a 9% pullback. Several major altcoins have also witnessed strong moves lower, unnerving retail investors. Glassnode data shows that short-term holders, who have been owning Bitcoin for less than 155 days, have been sending coins to the exchanges […]
The post Is this the final opportunity to buy Bitcoin near $25,000? appeared first on Platinum Crypto Academy.
The emergence of non-fungible tokens (NFTs) marked the beginning of a new era in the digital world. These blockchain-based digital assets have taken the world by storm, enabling unique ownership and opening new avenues for digital creativity. However, the landscape is continually evolving, and the latest development that’s grabbing headlines is the introduction of Ordinals […]
The post Exploring Ordinals: The Evolution of Bitcoin NFTs & Their Impact on Crypto appeared first on Platinum Crypto Academy.
The banking crisis spread from the United States to Europe last week. The problem started after Credit Suisse’s biggest investor, the Saudi National Bank said that it will not be able to add to its existing investments in the Swiss Bank due to regulatory concerns. That started a downward spiral in Credit Suisse, which ended […]
The post Bitcoin Price – Is the $2 million bet on BTC a sign of a local top? appeared first on Platinum Crypto Academy.
The yield on the benchmark US 10-year Treasury note slipped below 4% last week, triggering a sharp recovery in the US equities markets. The 10-year Treasury is closely watched by Market observers because it influences mortgages and car loans. And a soaring yield could create problems for the economy. The strength in the US stock […]
The post Uncertainty in Bitcoin – may be about to end appeared first on Platinum Crypto Academy.
After two weeks of decline, Bitcoin made a strong comeback last week and rose more than 11%. Although the consumer price index data released on February 14 was hotter than expected, the cryptocurrency markets shrugged off the negative news and continued their journey higher. When the price rises after adverse news flow, it is a […]
The post BTC Price Soars: Is it time to book profits in Bitcoin? appeared first on Platinum Crypto Academy.
The United States Securities and Exchange Commission (SEC) halted the recovery in the cryptocurrency markets in its tracks. It started with the crackdown on crypto exchange Kraken. On Feb. 9, The SEC announced that Kraken had reached an agreement to pay a $30 million fine and stop its cryptocurrency staking operation for US investors. Even […]
The post SEC and Inflation Sink: Bitcoin below $20,000? appeared first on Platinum Crypto Academy.
The United States Federal Reserve hiked rates by 25 basis points in their February 1 meeting, which was in line with analyst expectations. Fed Chair Jerome Powell said he doesn’t see a rate cut in 2023 but he used the word “disinflation” 13 times during the FOMC press conference. This encouraged traders to speculate that […]
The post Crypto crash: Will Bitcoin collapse to $20,000? appeared first on Platinum Crypto Academy.
Bitcoin is up 38.1% in January, its best start to the year since 2013 when it rose 44.05%. Another encouraging sign for investors is that February has historically been a strong month for Bitcoin. According to Coinglass data, since 2013, Bitcoin has ended the month of February in the red only in 2014 and 2018. […]
The post Rising Interest Rates & BTC – Where will Bitcoin’s pullback end? appeared first on Platinum Crypto Academy.
Bitcoin and most major altcoins have extended their up-move in the past week but could the recovery continue further or is it time to book profits? Bitcoin and most major altcoins are overbought in the near term. A knee-jerk reaction to the downside to shake out the weak hands is possible. Bitcoin has made a […]
The post Bitcoin Crash – Will Bitcoin drop below $20,000 again? appeared first on Platinum Crypto Academy.
Bitcoin roared back into life last week and skyrocketed above $21,000. The sharp 22% rally in Bitcoin improved sentiment and boosted buying in several altcoins. This pushed the total crypto market capitalization above $1 trillion on January 16, according to coinmarketcap data. The crypto recovery soared last week after the consumer price index (CPI) data […]
The post Crypto Rally – Could Bitcoin’s rally extend to $25,000? appeared first on Platinum Crypto Academy.
Bear markets are gruesome and they test the conviction of even the most ardent long-term investors. That is what happened in 2022 as Bitcoin fell 65% and Ethereum, which pulled off the Merge, a shift from proof-of-work to proof-of-stake, without any major glitch, fell by 67%. Dubbed as the Ethereum killer, Solana, plunged more than […]
The post Bear Or Bull Run – What’s in store for 2023? appeared first on Platinum Crypto Academy.
Bitcoin Price Prediction – Bitcoin’s price has flatlined in the past few days, taking its volatility to record lows. Market participants seem wary of placing large bets due to the uncertainty regarding the economy, the Federal Reserve’s monetary policy in 2023, and fears of another Covid surge as seen in China. Although Bitcoin is facing […]
The post Bitcoin Price Prediction 2023 – Could BTC turn around and rally? appeared first on Platinum Crypto Academy.
Bitcoin has been trading inside a tight range for the past several days, indicating that the selling has dried up but bulls are wary of buying aggressively. That could be because investors remain cautious about the wider fallout of the FTX bankruptcy and the upcoming economic events this week. The consumer price index data for […]
The post Could Bitcoin rise to $20,000 in 2022? appeared first on Platinum Crypto Academy.
The aggressive rate hikes by the US Federal Reserve have been touted as one of the main reasons for the sharp fall in the price of risky assets. Market observers took a sigh of relief when Fed Chair Jerome Powell recently said while speaking at the Brookings Institution that the pace of rate hikes will […]
The post BTC Price: Bitcoin may surprise to the upside appeared first on Platinum Crypto Academy.
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