Bitcoin's imminent price recovery will be fueled by several distinctive factors.Source: decrypt.coBitcoin fell by 4.1% between October 21 and 22 after encountering resistance at $69,500. This correction erased the gains made in the previous week, prompting traders to wonder if the $67,000 level can

Institutions Hold Approximately 20% of US Spot Bitcoin ETFsCryptoQuant CEO Ki Young Ju revealed on X that institutional investors account for about 20% of US spot Bitcoin ETFs. According to Form 13F filings, asset management firms collectively hold approximately 193,000 BTC.US Presidential Election

Bitcoin Holds Near All-Time Highs with 320,000 Active Addresses InvolvedIntoTheBlock reported that Bitcoin is consolidating near its historical highs, with over 320,000 active addresses in this range. Notably, 220,000 of these addresses bought at an average price of $68,500, indicating strong intere

Bitcoin price experienced a sharp sell-off today, yet the BTC futures market shows no signs of fear.Source: www.liputan6.comOn October 21, Bitcoin's price dropped to $67,000, wiping out gains from the past three days. Some analysts suggest the correction was driven by investors cutting back on Bitco

Despite record inflows from European investors, Bitcoin has struggled to surpass the $70,000 mark since July. European investors set a new milestone by allocating over $105 billion to U.S. spot Bitcoin exchange-traded funds (ETFs) year-to-date (YTD), marking an all-time high. This trend reflects a g

1. BTC Market TrendFrom October 17 to 20, the BTC spot price swung from $66,647.88 to $69,354.45, a 4.06% range. In the last three days, key statements from the Federal Reserve (Fed) and the European Central Bank (ECB) were as follows:1) On October 18, The Fed’s latest tool showed ample reserve leve

A recent paper by European Central Bank (ECB) economists Ulrich Bindseil and Jürgen Schaaf argues that Bitcoin's rise has largely benefited early adopters, leaving many others economically disadvantaged. Titled “The Distributional Consequences of Bitcoin,” the paper suggests that Bitcoin's speculati

Bitcoin's bullish weekend price action might be a preview of the week ahead. Source:news.bitcoin.comBitcoin has gained about 9% this week, signaling strong buying interest from bulls. Although the price faces resistance around $69,000, bulls are holding their positions, indicating that they expect t

SEC Grants Approval for NYSE and CBOE to List Spot Bitcoin ETF OptionsThe U.S. SEC approved applications from the New York Stock Exchange and Chicago Board Options Exchange to list options on spot Bitcoin ETFs. This move brings Bitcoin ETF options in line with other commodity ETFs, like those for pr

Analysts predict that Bitcoin price pullbacks are inevitable and advise traders to refrain from impulsive trading.Source: www.turkiyegazetesi.com.trAccording to crypto analyst Matthew Hyland, Bitcoin’s price needs to fall approximately 12% from its current level of $67,250 for skeptics to validate t