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Crypto News Aggregator by EXCAVO
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🤔 In 2024, every $1 invested in $BTC increased its market cap by $5, while for $ETH , it was only $1.3. New money flows have a weaker effect on Ethereum than Bitcoin.
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📊👀 $BTC has historically exhibited exponential gains during bull cycles, but each cycle has also seen numerous large drawdowns. The current cycle has seen: - Eight drawdowns between 5%-20% - Two drawdowns between 20%-30% - No drawdowns greater than 30%
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📈🤔$BTC The Hash Ribbon signals the end of Bitcoin miner capitulation, suggesting BTC price momentum has shifted from negative to positive. This could present good buying opportunities.
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🇺🇸 $BTC Michigan State pension fund reported to the SEC that they owned 110,000 shares of Ark Invest's Bitcoin ETF worth $6.6 million as of June 30. This is the third pension fund to report owning a Bitcoin #ETF
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📊CEO CQ: Bullish cycle $BTC most likely will last until mid-2025 Old whales take profits during bull markets. Their sale brings new capital to savings addresses, increasing selling prices. In past cycles, the profit realization period was about 18 months. This time it all started 4 months ago.
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