Bitcoin (BTC) has achieved three remarkable new all-time highs, according to a recent analysis by Daniel Batten, managing partner at CH4 Capital and a renowned Bitcoin ESG researcher. These milestones, however, are not related to its price, which has yet to surpass the previous peak of $69,000. Methane Mitigation The Bitcoin network has made significant…
ETFs Accumulating Bitcoin at a Rapid Pace Several spot Bitcoin ETFs have aggressively accumulated BTC holdings in their first month of operation. BlackRock’s spot ETF has amassed over 78,000 BTC worth nearly $3 billion. Fidelity’s ETF holds 66,000 BTC and counting. Over 192,000 BTC has already been swallowed up across the slate of approved funds….
Franklin Templeton’s Strategic Entry Franklin Templeton, a financial powerhouse managing $1.5 trillion, has joined the competitive landscape of spot Ethereum Exchange-Traded Funds (ETFs) in the United States. This strategic move follows their successful Bitcoin ETF launch, reflecting their growing confidence in the digital asset space. Ethereum Staking Strategy: A Unique Approach While mirroring competitors’ Bitcoin…
Long-Term Holders Return to Profitability Glassnode, an analytics firm, has observed a signal in Bitcoin’s (BTC) on-chain metrics that historically indicates the early stages of a bull market. The firm’s long-term holder MVRV (LTH-MVRV) metric, which tracks the behavior of long-term BTC investors, has entered “high-risk” territory. When the LTH-MVRV signal hovers above the high-risk…
DYM Poised for Potential Upswing Pseudonymous crypto analyst Altcoin Sherpa sees further upside potential for the modular blockchain Dymension (DYM). DYM recently experienced a retracement but has found support at $7.05. The analyst suggests a potential rally to $7.39 based on Fibonacci retracement levels. DYM has witnessed a remarkable surge, rising from $3.54 on February…
Key Points: Bitcoin whales have been on a buying spree, acquiring 140,000 BTC in the past three weeks. This amounts to $6.16 billion worth of Bitcoin. Bitcoin’s Super Trend indicator has flashed a bullish signal. This indicator has been historically accurate in predicting Bitcoin bull runs. Bitcoin is currently trading at $48,157. Analyst Ali Martinez:…
Altcoins to Reach New All-Time Highs Michaël van de Poppe, a prominent crypto analyst, predicts that the collective altcoin market cap will soar to unimaginable heights, surpassing expectations. Van de Poppe emphasizes that altcoins will break their previous all-time highs and reach new, unprecedented levels. He suggests that many of the top-performing altcoins have yet…
Key Points: Bitcoin’s price surge has brought relief to investors who bought during the 2021 bull run. The Realized Price indicator shows that these investors are now close to breaking even. The 2- to 3-year-old UTXO Age Band represents investors who bought during the 2021 bull run. Bitcoin’s recent rally has pushed its price above…
Bitcoin ETFs have made a significant impact in the financial world since their launch, attracting billions of dollars in inflows and driving Bitcoin’s price to its highest level in over two years. Bitcoin ETFs Garner $2.8B in Net Inflow In the first 21 trading days, Bitcoin spot funds have amassed approximately $2.8 billion in net…
The Skepticism Surrounding Digital Currencies Adrian Orr, the Governor of the Reserve Bank of New Zealand (RBNZ), shared his perspective on Bitcoin and other digital currencies during a parliamentary committee meeting. Orr expressed skepticism regarding Bitcoin’s ability to serve as a viable alternative or supplement to traditional fiat currencies. He also criticized stablecoins, labeling them…
