Bitcoin Short-Term Holders Contribute to BTC’s Decline Below $50K Recent analysis indicates that short-term holders of Bitcoin have significantly felt the impact of the cryptocurrency’s price plunge beneath the $50,000 mark. The Price Crash and Its Implications On August 5, Bitcoin experienced a sharp decline of over 15%, reaching a six-month low of $49,050. Analysts […]
German BaFin Regulates Crypto ATMs Germany’s Federal Financial Supervisory Authority, known as BaFin, has initiated a crackdown on cryptocurrency ATMs, recently confiscating 13 machines from 35 different locations as of August 20. This operation involved collaboration between BaFin, the Federal Criminal Police Office (BKA), local law enforcement agencies, and the Bundesbank. According to the regulatory […]
Bitcoin Whales Increase Holdings by Only 1% Monthly Recent trends show that large investors in Bitcoin have drastically reduced their accumulation rate compared to earlier this year, prior to achieving all-time highs. According to recent research, Bitcoin currently requires increased demand to reach new all-time highs, as the accumulation by whales has significantly slowed. Decrease […]
Polychain Secures $6.7 Million Investment in Bitcoin-Focused Yield Network, Corn Corn is designed to tap into Bitcoin’s extensive liquidity, estimated at $1.1 trillion, for decentralized finance (DeFi) applications. Polychain Capital has announced an investment of $6.7 million into Corn, a new yield-generating network that focuses on Bitcoin. This Ethereum layer-2 (L2) network utilizes a tokenized […]
Ledn Achieves a Milestone with $50 Million Bitcoin-Backed Syndicated Loan Ledn has made headlines with its innovative $50 million loan secured by Bitcoin, marking a significant development in the realm of retail lending and institutional crypto finance. On August 20, Ledn, a leading digital lending platform, announced the successful acquisition of this groundbreaking syndicated loan, […]
Bitcoin Price Analysis: BTC Surges 2.5% While Eyeing $61,000 On August 20, Bitcoin aimed for weekly highs as it attempted to break above the $61,000 mark, adding to the anticipation of a potential price recovery. Macro Sentiment May Propel Bitcoin Higher According to data from various market analysis platforms, Bitcoin reached local highs of $61,424 […]
Three Factors Indicating Bitcoin’s Potential Activity in September Despite Bitcoin’s inability to surpass the psychological threshold of $60,000 in recent weeks, long-term holders (LTHs) are displaying a positive outlook as the year progresses into 2024. Current Market Context Bitcoin’s price has remained below the 200-day exponential moving average (EMA) for two consecutive weeks; however, a […]
Unknown Crypto Whale Acquires WBTC Amid Ongoing Issues A mysterious wallet has recently accumulated over $118 million in Wrapped Bitcoin (WBTC) within just one week, as reported by blockchain analytics service Lookonchain. Recent Activity In a post on August 19, Lookonchain revealed that this unknown “whale” wallet had purchased more than 347 WBTC, valued at […]
Analysts Display Optimism as Liquidity Increases and Bitcoin Selling Pressure Eases Analysts are optimistic that Bitcoin’s significant sell-offs have concluded, with a keen eye now on the upcoming U.S. election and the state of global liquidity as influential factors for the cryptocurrency’s future trajectory. Market Insights from Analysts Experts predict that Bitcoin is likely to […]
Potential Effects of Bitcoin’s Price Stability on Altcoins BNB, TON, AAVE, and HNT As Bitcoin consolidates its price, traders may shift their focus toward alternative cryptocurrencies. Notable coins to watch include BNB, TON, AAVE, and HNT. Bitcoin Market Overview Bitcoin (BTC) has maintained a stable price range this week, with buyers successfully defending the support […]
