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Unseen Opportunity: Bitcoin Mining Stocks Ready For Comeback
Thursday, June 27, 2024 - 9:01am | 583The disparity between Bitcoin’s performance and the shares of mining companies might offer an intriguing investment opportunity. A recent newsletter from 10x Research, authored by Markus Thielen, suggests that despite recent challenges, the Bitcoin mining industry could be on the brink of...
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Crypto Analyst Warns Bitcoin's Impending Correction As Rally Falters: 'We Are Bearish Risk Assets'
Tuesday, April 16, 2024 - 7:09am | 779Amid fluctuating market signals, a renowned analyst who previously anticipated Bitcoin’s (CRYTO: BTC) impressive rise is now forecasting a downturn across risk asset classes. What Happened: Markus Thielen, the analyst celebrated for his precise prediction of Bitcoin’s ascent, has...
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Bitcoin Could Surge Past $80K In Coming Weeks, Says Analyst
Monday, April 8, 2024 - 9:08am | 653As the digital currency Bitcoin (CRYPTO: BTC) breaks through a significant resistance level, market analysts are forecasting a potential rally that could see its value soar to new heights. What Happened: Bitcoin may be on the verge of a significant price surge, potentially reaching new record highs...
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Bitcoin's Big Leap? Research Points To $87K Price Target On This Year's Halving
Monday, January 29, 2024 - 5:26am | 558With Bitcoin’s (CRYPTO: BTC) fourth halving on the horizon in April 2024, many believe it could significantly influence the cryptocurrency’s value. What Happened: A Finder survey, which compiled insights from 31 FinTech specialists, suggests that Bitcoin’s average...
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Bitcoin Expected To Plummet Further To $38K, According to 10X Research
Monday, January 15, 2024 - 4:11am | 469Bitcoin (CRYPTO: BTC) may potentially witness a drop to the $38,000 level, as per the prediction by 10x Research. The cryptocurrency is currently experiencing a pullback after the official launch of spot ETFs in the United States. What Happened: Bitcoin’s value has plummeted by over 5%,...
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Spot Bitcoin ETF Debate Heats Up: 'We Have Heard Nothing To Indicate Anything But Approval'
Wednesday, January 3, 2024 - 5:34pm | 534As uncertainty swirled around the crypto markets over potential delays to a Spot Bitcoin ETF approval, various industry figures weighed in with positive outlooks. What Happened: On Wednesday, Matrixport said the SEC was likely to push back a Spot Bitcoin ETF approval until the second quarter...
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Microstrategy Shares Look Overvalued By 26%: 'It Is Time To Take Profit' Says Analyst Who Saw Bitcoin Rally
Thursday, December 28, 2023 - 1:46pm | 602While MicroStrategy Inc. (NASDAQ: MSTR) attracted the attention of analysts who raised price targets for the stock, one stated the stock was overvalued. What Happened: MicroStrategy reported a surge of 358.8% on a year-to-date basis and investors' optimism is high...
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Can Bitcoin Spot ETFs Unleash A Trillion-Dollar Crypto Boom? Here's What Data Shows
Wednesday, October 18, 2023 - 10:47am | 468Bitcoin (CRYPTO: BTC) is on the verge of blossoming into a $900 billion asset should the anticipated approval of spot exchange-traded funds (ETFs) come to fruition. That's according to CoinDesk, citing data analytics firm CryptoQuant. The report also anticipates that the total crypto...
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$3 Billion Crypto Manager Takes A New Stand On Bitcoin After Sudden Decline - And Gives A Trading Tip
Tuesday, August 29, 2023 - 11:17am | 597Matrixport, a crypto service provider overseeing over $3 billion in assets, is out with its latest call on Bitcoin (CRYPTO: BTC) following its decline in August. The company sees potential in purchasing during this downturn but emphasizes the importance of a strict stop loss. On Aug. 15,...
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Bitcoin Miners In Crisis: Will BTC Survive The $28,000 Tipping Point?
Friday, June 2, 2023 - 10:03am | 315Matrixport, a provider of crypto-related services, indicated that the current market pressure faced by Bitcoin (CRYPTO: BTC) at the $28,000 mark could be attributed to miners needing to liquidate their newly acquired assets. This necessity for liquidation, Coindesk reported, is due to the...
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Bitcoin Takes 8% Hit Due To Mt. Gox Rumors: Here's What Matrixport Is Predicting
Thursday, April 27, 2023 - 12:33pm | 342Cryptocurrency services provider Matrixport analyzed the potential market impact of the Mt. Gox haul and concluded that it would have a limited effect on Bitcoin's (CRYPTO: BTC) price. However, investors should still be aware of the eventual distribution of the 850,000 stolen Bitcoin from...
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Bitcoin Could Reach Nearly Halfway To Mt $100K By End Of This Year, Analyst Predicts
Thursday, April 27, 2023 - 6:13am | 352Bitcoin (CRYPTO: BTC) may be well on its way to reaching the $45,000 mark by the end of the year, according to Markus Thielen, chief researcher at Matrixport, a crypto-financial service platform. What Happened: In a LinkedIn post on Wednesday, Thielen said that Bitcoin’s current price...