Bitcoin Nears Potential Bottom as Market Recovers
Bitcoin Nears Potential Bottom as Market Recovers
🔥 Bullish Signals?
As the cryptocurrency market recovers from last week's correction, analysis suggests Bitcoin may be nearing the bottom of its current trading range. The recent 17.5% pullback from Bitcoin's all-time high hints at a potential local bottom, as corrections typically cap at 20-24%. Experts remain optimistic despite negative outflows from the Grayscale Bitcoin Trust (GBTC). Analysis indicates a possible floor for Bitcoin around $56,000, aligning with short-term holder realized prices and ETF investor cost bases. While Bitcoin grapples with volatility, the altcoin market has shown resilience, with the Total3 index hitting a new cycle high, signaling growing investment flows into altcoins.
In Bitfinex Alpha, we see #Bitcoin dominance stabilizing around 51%, hinting at the possibility of a new altcoin season. Meanwhile liquidity in the top 20 altcoins has increased, smaller coins may be seeing a decline. Dive into the details: go.bitfinex.com/Alpha93T
As the market recovers from last week's correction, we're honing in on the bottom of the current trading range. 📊 The recent pullback in #Bitcoin, around 17.5% from its ATH, hints at a local bottom. Dive into the details 👀 blog.bitfinex.com/bitfinex-alpha…
“Investors perceive #Bitcoin as a store of value rather than a tradable volatile asset, which has been the case for several years before the introduction of the ETFs.” Get the details from Bitfinex analysts 📈 kitco.com/news/article/2…
Today marks a significant milestone for #FinancialFreedom as we celebrate a new all-time high for #Bitcoin! 🎉 As the original $BTC exchange, Bitfinex is optimistic about the future. Together, we unlock new levels of financial freedom. 🚀 Learn more: bitfinex.com/manifesto/
In the last 7 days, #Bitcoin is up 21%, #Ether is up 17% and volumes on Bitfinex are up 243%. No disruptions to trading, no load issues, all systems firing. 🔥 bitfinex.com
"Our analysis forecasts a conservative Bitcoin price objective of $100,000 to $120,000 to be achieved by Q4 2024, with the cycle peak expected to occur sometime in 2025 in terms of total cryptocurrency market capitalization." - Bitfinex Alpha cointelegraph.com/news/bitcoin-b…
New highs for #Bitcoin and #Ethereum! 🎉 $BTC soaring past $70K and $ETH hitting over $4K ⭐️ The future of decentralized finance is looking brighter than ever! Embrace #financialfreedom with Bitfinex: buff.ly/2G9bak2
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846 days in the making, we have hit a new ATH for #Bitcoin on Bitfinex! 🚀 Where does the rocketship head next? a. Next stop: $75K! b. Sky’s the limit! 🚀 c. To the moon! 🌕
#Bitcoin $60,000 and climbing! 📈 Trade with the whales on Bitfinex #FinancialFreedom 🎉
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$ETH hit a new high but watch the options market. Get more details in Bitfinex Alpha! go.bitfinex.com/BFXAlpha92 x.com/TheBlock__/sta…
Ether put options concentrate at $2,200. Is it a hedge or a bearish indicator? theblock.co/post/278204/et…
#Bitcoin soared to an ATH of $73,666 on March 14th, only to experience a sharp pullback of over 12.5%. Alts however were more resilient and not so influenced by BTC movements ✅ Discover how BTC and Alts might be on separate paths: buff.ly/43mtIEE
“Our analysis forecasts a conservative price objective of $100,000-$120,000 to be achieved by Q4 2024, and the cycle peak to be achieved sometime in 2025 in terms of total crypto market capitalization,” - Bitfinex analysts x.com/CoinDesk/statu…
$BTC cash and carry arbitrage offers a significantly higher yield than U.S. Treasury notes and could draw more money to the crypto market. reports @godbole17. trib.al/MfMOZ95
Bitfinex Alpha predicted it: "#Bitcoin is now poised to achieve a new year-to-date high. This uptrend coincides with a period of reduced outflows from @grayscales' GBTC and a general increase in inflows into digital asset funds." theblock.co/post/277146/bi…
The bullish momentum behind BTC continues 🚀 Bitfinex Alpha reports Open Interest in #Bitcoin futures have reached over $26 billion, a new high. We see the trend continuing as more allocations are made to the BTC ETFs. Dive into the details: go.bitfinex.com/Alpha94T
Bitfinex Alpha predicted it: "Bitcoin is now poised to achieve a new year-to-date high. This uptrend coincides with a period of reduced outflows from @grayscales' GBTC and a general increase in inflows into digital asset funds." theblock.co/post/277146/bi…
#Bitcoin stays resilient - hitting a new year-to-date high 🔥At $52,700, $BTC is up 25% since January, just 28.6% shy of its all-time high! Read more about the BTC bull in Bitfinex Alpha: ow.ly/ISAq50QFiHA
SimpleBTC App Launches Interactive Bitcoin Education with Lightning Rewards
A new educational platform called SimpleBTC App aims to revolutionize Bitcoin learning through: - Interactive lessons combining theory with practical transactions - Lightning Network rewards for completing lessons - Certification system to verify knowledge - Duolingo-style approach to cryptocurrency education The platform was created by Yannick to address the knowledge gap in traditional financial education regarding Bitcoin and monetary systems. [Watch the full demonstration](https://youtu.be/Qe387JdqDoQ)
US Strategic Bitcoin Reserve Announced at White House Crypto Summit
Former President Trump has announced the creation of a US Strategic Bitcoin Reserve at the inaugural White House Crypto Summit. Key developments include: - Executive order establishing a virtual Fort Knox within US Treasury - Commitment to end regulatory crackdowns on crypto - Push for stablecoin legislation by August 2025 Market reaction showed initial price increases on anticipation, followed by a sell-the-news event after the official announcement. The initiative marks a significant shift in US digital asset policy, though immediate market impact remains uncertain. Read more: [Bitfinex Alpha Report](https://blog.bitfinex.com/bitfinex-alpha/bitfinex-alpha-market-losses-rise-as-bulls-hesitate/)
KAIA Token Now Trading on Bitfinex with Zero Maker Fees
Bitfinex has officially launched trading for $KAIA, the native token of KaiaChain. Key details: - Zero fees for maker orders - 4 basis points fee for taker orders - KaiaChain represents Asia's largest Web3 ecosystem - Created through merger of Klaytn & Finschia platforms - Integrated with LINE and Kakao Talk super apps KaiaChain aims to provide Web3 services to millions of users across Asia through established messaging platforms. The blockchain offers Ethereum-equivalent functionality as a Layer 1 solution. Learn more: [Educational Guide](https://blog.bitfinex.com/token/what-is-kaia-kaia/)
Bitfinex Integrates USDT0 for Cross-Chain Operations
Bitfinex has launched support for USDT0, an omnichain version of Tether's USDT stablecoin. Built on LayerZero's Omnichain Fungible Token standard, USDT0 enables: - Seamless transfers across multiple blockchains - No fragmented liquidity or traditional bridges - Support on networks including Ink and Arbitrum One The integration allows Bitfinex users to deposit and withdraw USDT0 across supported chains, streamlining cross-chain operations. [Learn more about USDT0](https://blog.bitfinex.com/token/what-is-usdt0/)
Ethereum's Price Struggles Amid Project Slowdown and High Fees
Ethereum's performance remains subdued due to several key factors: - High gas fees deterring new projects and builders - $1,800 identified as crucial support level to monitor - ETH ETFs showing mixed results: * Some inflows to newer products like BlackRock * Significant outflows from established funds like Grayscale The ETH/BTC ratio has reached its lowest point in over 1,200 days, with aggressive selling by major market makers like Jump Trading contributing to a 40% price decline. [Read full analysis on Cointelegraph](https://cointelegraph.com/news/ether-1-8k-correction-global-tariff-fears-eth-etf-outflows)