Bitcoin has seen a surge in activity, breaking above $46,000 twice in 24 hours, indicating a bullish return for cryptocurrencies led by Bitcoin. Bitcoin investors are preparing for the upcoming halving event by withdrawing their coins from exchanges. Bitcoin Supply on Exchanges Drops to Lowest Level Since 2017 Long-term Bitcoin holders have been holding their…
Market Analysis Recent market behavior shows a shift in momentum after the Bitcoin ETF launches. Outflows from Grayscale Bitcoin ETF have decreased, aligning with predictions. Blackrock and Fidelity’s Bitcoin ETFs (IBIT and FBTC) have absorbed over $6 billion in assets, signaling broader acceptance. Bitcoin’s ETF launch is the most successful in history, underscoring its mainstream…
Bitcoin Regains $46K Level Bitcoin (BTC) has surpassed $46,000 for the first time since January 11. BTC increased 3.4% to $46,075 in the previous day, with a 6% increase over the past week. Bullish Sentiment Returns Bitcoin’s 2022 started rough, despite the approval of several ETFs meant to strengthen its institutional legitimacy. Laurent Ksiss, a…
Ethereum: Holding Above $2400 Could Be the Turning Point Ethereum’s price is holding above the significant $2400 level, potentially indicating a bullish trend. A move to $2500 and above is possible if ETH can maintain its position. Bearish trend formation suggests a potential downside move. Recent developments, such as Solana’s outage and the Godaddy-ENS partnership,…
Crypto Futures Market Experiences Liquidation Squeeze The cryptocurrency futures market has faced a $152 million liquidation squeeze as Bitcoin has surpassed $47,300. Liquidations Dominated by Shorts The past 24 hours have seen significant volatility in the cryptocurrency market, with many coins experiencing positive returns. Bitcoin, in particular, has broken through the $47,000 barrier for the…
Mark Moss, a cryptocurrency enthusiast and radio host, believes Bitcoin is the ultimate indicator of overall market health. He challenges the traditional focus on earnings and economic data, arguing that liquidity is the key metric that moves the market. M2 Money Supply and Bitcoin Positively Correlate Moss points to the stellar record of billionaire investor…
Binance, a prominent cryptocurrency exchange, has released its Proof of Reserves (PoR), providing insights into its holdings of popular digital assets, including Dogecoin (DOGE), Shiba Inu (SHIB), and XRP. Bitcoin and Ethereum Holdings Binance’s Bitcoin (BTC) ratio stands at 102.49%, with a total of 609,477.128 BTC in its treasury and a customer net balance of…
A crypto whale has been on a buying spree, gobbling up nearly $53 million worth of Ethereum (ETH) and Wrapped Bitcoin (WBTC) since December 21st, according to blockchain tracker Lookonchain. Whale’s Purchases The whale spent 20 million of the stablecoin USDC earlier this week to buy $10 million worth of ETH and $10 million worth…
Summary Kraken, a US-based crypto exchange, has obtained VASP (Virtual Asset Service Provider) registration from the Dutch Central Bank (DCB). This allows Kraken to offer its services in the Netherlands, Europe’s fifth-largest economy. The Netherlands: A Key Market for Kraken’s European Growth Strategy The Netherlands has one of the highest rates of fintech and crypto…
Key Points: Bernstein analysts predict Bitcoin’s surge to $70,000 by year-end. Spot BTC ETFs to drive price increase. US Bitcoin mining firms to expand despite halving event. Layer-2 protocols to enhance network efficiency. Favorable macroeconomic conditions to boost Bitcoin. Bernstein’s Bullish Outlook for Bitcoin: Analysts at Bernstein, a prominent Wall Street brokerage, have made a…
