Cryptocurrency News
The ongoing regime of accumulation among Bitcoin HODLers, characterized by a consistent absorption of coins at a rate of +27.1K BTC per month since July 2021, suggests a bullish sentiment in the market. HODLers are individuals or entities that hold onto their Bitcoin investments for an extended period rather than […]
Robert Kiyosaki‘s warning about the demise of the U.S. dollar and his endorsement of Bitcoin can have significant implications for the cryptocurrency. Firstly, his statements could bring increased attention and credibility to Bitcoin among his followers and the wider audience, potentially driving up demand. This heightened demand, coupled with the […]
The recent accumulation stage in the Bitcoin market is indicative of the strong conviction and long-term investment strategy adopted by larger holders of the cryptocurrency. Despite the relatively stagnant boring price movement within the $30k to $31k range, these “sharks” and “whales” continue to accumulate substantial amounts of Bitcoin. This […]
The announcement of BlackRock’s Bitcoin ETF request on June 15th, 2023, has had a significant impact on the share of Bitcoin supply held and traded by US entities. This development potentially signifies an inflection point in the dominance of US entities over Bitcoin supply if the trend continues. BlackRock’s FirstMover […]
Litecoin’s recent achievement of becoming the top cryptocurrency for payments on BitPay, the world’s largest crypto payment processor, is a significant milestone for the digital asset. This accomplishment demonstrates Litecoin’s potential as a practical and widely adopted means of conducting transactions in the crypto space. Litecoin Overtakes Bitcoin The fact […]
The recent increase in exchange interaction by Bitcoin short-term holders, resulting in a significant influx of approximately 617,000 BTC over the past 20 days, is a noteworthy development in the cryptocurrency market. This surge in activity indicates a shift in sentiment and behavior among short-term holders, which could have implications […]
The decline in the Bitcoin balance held on exchange addresses, reaching a value of 2.26 million BTC, represents a significant shift in the dynamics of the cryptocurrency market. This balance is the lowest recorded since March 14, 2018, marking a span of 1,939 days. Such a trend indicates a gradual […]
The shift in BlackRock CEO Larry Fink’s stance on Bitcoin from 2017 to 2023, as expressed in his recent appearance on Fox Business, highlights the evolving perception of cryptocurrencies within major financial institutions. Bitcoin, Digitizing Gold Fink’s previous comment characterizing Bitcoin as an “index of money laundering” has been replaced […]
Bitcoin is currently down with a 2% drop in the last 24 hours. It lost $31k today and now diving towards $30k with serious sell pressure. However, its mid-term bullish remains intact on the higher timeframe. Just a few weeks ago, Bitcoin bounced off crucial support as expected and regained […]
MicroStrategy’s steadfast belief in Bitcoin has proven to be a wise investment strategy, as the company’s significant BTC holdings have begun to yield substantial returns. Despite facing challenges such as the bear market and industry crises, MicroStrategy remained committed to accumulating Bitcoin, and their patience seems to be paying off. […]
The approval of a Spot Bitcoin Exchange-Traded Fund (ETF) would have profound implications for the entire cryptocurrency industry, heralding a new era of legitimacy and accessibility. Currently, the cryptocurrency market is largely dominated by speculative trading on various exchanges, with limited options for traditional investors seeking exposure to digital assets. […]
Bitcoin dominance refers to the percentage share of Bitcoin’s market capitalization compared to the total market capitalization of all cryptocurrencies combined. It serves as a measure of Bitcoin’s strength and influence within the cryptocurrency market. The recent achievement of a 50% dominance by Bitcoin for the first time in two […]
Bitcoin miners play a crucial role in the cryptocurrency ecosystem, as they validate transactions and secure the network. Their activities often have a significant impact on the Bitcoin market, particularly when they send their Bitcoin profits to exchanges. The recent observation of miners recording extremely high exchange interaction, sending an […]
The analysis of Bitcoin’s future price and market behavior is a complex task that involves considering multiple factors, including technical analysis, market sentiment, macroeconomic trends, and institutional adoption. While charts and technical indicators can provide valuable insights into market trends, it’s important to recognize that they are not foolproof predictors […]
As a newbie in the crypto space, choosing whether to invest in Bitcoin or other altcoins requires careful consideration. Both options have their own advantages and risks, and it ultimately depends on your investment goals, risk tolerance, and understanding of the market dynamics. Bitcoin, The King Cryptocurrency Bitcoin, being the […]
Federal Reserve Chairman Jerome Powell’s recent acknowledgment of cryptocurrency’s staying power as an asset class in the U.S. economy carries significant implications. Firstly, his statement indirectly suggests that cryptocurrency can potentially serve as a hedge against inflation, given its durability as an asset class. By recognizing the lasting presence of […]
Invesco, a global asset management firm, has recently reignited its efforts to launch a Bitcoin exchange-traded fund (ETF) by submitting form 19b-4 to the U.S. Securities and Exchange Commission (SEC). This move indicates the growing interest in the crypto market and the race among various platforms to introduce their own […]
The concept of a global infrastructure for digital currencies, as proposed by the International Monetary Fund (IMF) Managing Director Kristalina Georgieva, could have significant implications for the adoption of cryptocurrencies. Georgieva’s remarks about interoperability and the avoidance of settlement blocks highlight the growing recognition of the need for coordination and […]