Bitcoin’s Supply is Getting “Stuck” A recent trend in Bitcoin is causing a stir: more and more Bitcoin is being held by investors who aren’t selling. This is known as the “illiquid supply” and it’s reaching record levels. What is Illiquid Supply? Think of it like this: imagine you have a bunch of coins in…
A new memecoin called SPX6900 has exploded onto the crypto scene, skyrocketing into the top 100 cryptocurrencies by market cap. This coin, which references the S&P 500 index, has seen a staggering 4,978% increase in value over the past month. From Penny Stock to Top 100 Just a month ago, SPX was trading at a…
Donald Trump is jumping into the crypto world with a token sale for his decentralized finance platform, World Liberty Financial (WLFI). The former president announced on X (formerly Twitter) that the token sale goes live on Tuesday, October 15th. Trump’s Crypto Ambitions Trump launched WLFI in August, aiming to offer an alternative to traditional banks…
US regulators have been cracking down on the crypto industry this year, and it’s paying off big time. They’ve already secured over $19 billion in settlements from crypto companies in 2024 alone. Biggest Settlements The biggest settlement so far was against FTX and its sister company Alameda Research. The Commodity Futures Trading Commission (CFTC) slapped…
Bitcoin has been on a tear lately, shooting past $64,000 after a big jump in just four days. This unexpected rally has caught a lot of traders off guard, especially those who were betting on Bitcoin to drop. Short Sellers Caught Off Guard The sudden price spike has resulted in a massive wave of liquidations,…
A top crypto analyst, known for his accurate Bitcoin predictions, thinks the eight-month price rollercoaster for Bitcoin might finally be coming to an end. Bitcoin Breakout Point The analyst, who goes by the pseudonym DonAlt, believes Bitcoin will start moving upwards if it breaks through a crucial resistance level of $65,000. He also thinks it…
Solana is having a moment! The crypto community is buzzing about it, and the positive vibes are reaching a 9-month high. What’s Fueling the Hype? The buzz started with whispers that Apple might be building on the Solana blockchain. While these are just rumors, they’ve sparked a lot of excitement among Solana investors. Social media…
Bitcoin has surged back above $64,000, leading some to believe the long-awaited “Uptober” rally is finally happening. But before you get too excited, there are a few key events this week that could significantly impact the crypto market. Macro Events to Watch Retail Sales Data (October 17): This data reveals how much consumers are spending…
Australia is joining the global rush for spot Ethereum ETFs with Monochrome’s new Ethereum ETF (IETH). This follows the success of their Bitcoin ETF (IBTC), which has attracted over $10 million in investments since last August. In-Kind Redemption: A Unique Feature Monochrome’s Ethereum ETF is unique because it offers in-kind redemption. This means investors can…
Bitcoin’s price has been bouncing around lately, leaving investors unsure about what’s next. A recent drop in Open Interest (OI), a measure of how many derivative contracts (like futures and options) are open, is raising concerns. Open Interest Mirrors 2021 Decline Alphractal, a data analysis firm, noticed a sharp drop in Bitcoin’s OI. This mirrors…
