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In an unexpected turn of events, Bitcoin, the world’s leading crypto currency, has mounted a significant comeback. It rekindled optimism within the crypto currency market. On Oct. 23, Bitcoin orchestrated its most substantial single-day rally in over a year, briefly breaching the $35,000 threshold. This sudden surge in value was triggered by enthusiastic responses from traders. This was following reports of BlackRock’s iShares Bitcoin ETF (IBTC) making its debut on the Depository Trust & Clearing Corporation (DTCC) website. The news of IBTC’s listing on the DTCC website injected a fresh wave of enthusiasm into the cryptocurrency space, reinforcing Bitcoin’s resilience and its capacity to elicit excitement in the market. Bitcoin’s resurgence has also fueled discussions about its future trajectory. According to experienced trader and analyst Peter Brandt, Bitcoin may be on a course to achieve new all-time highs. However, this feat will come to be by the third quarter of 2024. Bra

The entire industry as well as several prominent firms have been betting big on Bitcoin’s spot exchange-traded funds [ETF]. Interest in Bitcoin spot ETFs has surged to unprecedented levels. It is evidenced by a global Google search volume for “spot Bitcoin ETF” that is nearing a five-year high of 100. This surge in online searches is a clear indicator of the growing public fascination with these investment vehicles. It also reflects increased awareness and a surge in participation. Source Similarly, the term “ Bitcoin ETF ” has experienced a notable resurgence. It reached a value of 39, the highest level since the introduction of ProShares’ futures-based ETF two years ago. This heightened search activity underscores the rising interest not only among retail investors but also among institutional players who are actively seeking information about Bitcoin spot ETFs and their potential impact on the crypto currency market. Market participants are growing increasingly confident that th

On the other hand, its peer, Ethereum, has remained relatively unchanged over the last 24 hours, trading at $1,852. Generally, the crypto market is still dealing with record-low volatility, with market watchers looking forward to significant market-changing events to alter the sideways course. advertisement Navigating The US CPI Data and the SEC Decision on Bitcoin ETF The Consumer Price Index (CPI) report is coming on Thursday and will show how the United States is fairing in the battle to meet the Federal Reserve inflation target. The Fed has over the past year hiked rates to as high as 5.5% – the highest in 22 years. However, in June the bank paused the rate hikes but followed with a 25-basis point hike in July, a move that did not sit well with investors. The CPI on Thursday is of particular importance, especially with the market looking forward to a 0.4% bump in inflation. The Fed has in the last few months said that the economy is in a disinflationary sta

- Advertisement - Bitcoin is 12 Months Away From New All-Time Highs (ATH): Peter Brandt . - Advertisement - Veteran trader and analyst Peter Brandt have again reacted to the recent $1 million Bitcoin price within 90 days prediction by former Coinbase CTO Balaji Srinivasan. Recall that Peter called the prediction “stupid,” However, he has now made his own guess for BTC’s new ATH. What Made Peter React Again? While the cryptocurrency market still experiences a bear season and Bitcoin is hovering around the $27,000 level, Peter Brandt has dropped his prediction on Bitcoin. According to him, the world’s most popular crypto is 12 months away from a new all-time high. All predictions are just guesses. My guess is that Bitcoin is 12 months away from new ATHs https://t.co/n5Gk1hgPGj — Peter Brandt (@PeterLBrandt) March 20, 2023   Peter’s prediction came as a reply to crypto author and analyst Cheds’ tweet. - Advertisement - In response to Balaji Srinivasan’s $1M BTC price prediction, Ch

Bitcoin’s dynamic push beyond $25,000 is being widely discussed across the industry. The king coin slumped to a low of $15,599 back in November 2022. This instilled fear in the community as they believed that BTC was headed toward its demise. Nevertheless, the asset was back on its feet after surging by 50% in 2023 alone. ₿𝗥𝗘𝗔𝗞𝗜𝗡𝗚 Price of #bitcoin up +50% this year. pic.twitter.com/8srpnU2CKD — Documenting ₿itcoin 📄 (@DocumentingBTC) February 16, 2023 The community was ecstatic post this rise and B itcoin soon became the talk of the crypto town. Cameron Winklevoss, Gemini CEO highlighted how the asset is much above its pre-FTX collapse price levels. He tweeted, “B itcoin just broke 25k, price levels well above pre-FTX collapse. A clear signal that our industry is moving beyond this painful chapter — we will not be defined by it. We are back to building the future.” However, at press time, B itcoin was enduring a correction which further prompted the asset to

A mysterious and unidentified whale withdrew $120 million in Bitcoin from the leading cryptocurrency exchange Gate.io. The recent whale withdrawal in BTC is the second-biggest exit in the trading platform’s history. It is not known if the whale is an individual or a financial entity that sold its BTC holdings. The $120 million in Bitcoin was withdrawn on Saturday after BTC reached a high of $23,652. “JUST IN: Over $120,000,000 worth of #Bitcoin has been withdrawn out of Gate.IO exchange by a single entity, the second largest in its history,” tweeted Mr. Whale. Also Read: Bitcoin Could Reach $1 Million By 2030: Prediction JUST IN: Over $120,000,000 worth of #Bitcoin has been withdrawn out of https://t.co/YuVXIAB3Sj exchange by a single entity, the second largest in its history. pic.twitter.com/JLu5mZWXQH — Mr. Whale (@WhaleWire) February 5, 2023 At present, the cryptocurrency exchange Gate.io has 7,000 in BTC remaining on the market. In February, over 10,000 BTC were wit