Browsing: Bitcoin News

Bitcoin(CRYPTO: BTC) remains around $63,000, but diminishing volatility and fading social interest may be the precursors of a final bear market bottom, according to a prominent analyst.

Tudor Investment, the macro hedge fund founded by billionaire Paul Tudor Jones, added to its stake in BlackRock’s spot Bitcoin ETF last quarter, reversing a year-long stretch of selling.

Paul Tudor Jones firm buys BlackRock Bitcoin ETF after year of selling as BTC holds $63621 with bullish MACD golden cross on 4h chart.

Bitcoin (BTC) trades slightly higher around $63,500 on Monday, following a slight correction the previous week, supported by improving risk sentiment and despite mild outflows from institutional demand. The largest cryptocurrency by market capitalization has traded broadly sideways since mid-July, with a tight range and subdued volatility that, according to analysts, could end soon.

The largest weekly Bitcoin ETF outflow in six weeks signals a shift in institutional positioning, though prices barely flinched.

Adam Livingston believes a historic transfer of Bitcoin from early holders to higher-cost investors has created the foundation for a move to $200,000.

XRP has crashed 47% this year while Bitcoin, the top performer, has still lost 29% as the Fed holds rates near 3.75%.