Bitcoin ETFs have 4-8X more BTC price influence than miners — Research Bitcoin miners’ “market influence” pales in comparison to the ETFs and exchanges when it comes to BTC price pressure, says Glassnode. Bitcoin miners have increasingly little impact on BTC price action during sell-offs, new research confirms. In the latest edition of its weekly […]
Bitcoin price hits bull market trendline that last sparked 30% gains Bitcoin practically reclaims the short-term holder realized price, bringing with it both their breakeven point and the odds of significant BTC price upside. Bitcoin faces a battle for a key bull market trendline, which it lost for the first time in nearly a year […]
Charles Hoskinson rejects Vitalik Buterin’s view on pro-crypto voting This clash of views comes as the 2024 U.S. presidential election approaches, with significant implications for the future of cryptocurrency regulation in the country. Charles Hoskinson, co-founder of Input Output Global and the Cardano blockchain ecosystem, has openly refuted Ethereum co-founder Vitalik Buterin’s recent statement advising […]
BlockFi Confirms Interim Crypto Distributions in July BlockFi clients should be aware that all communications will be conducted through official email channels. News Own this piece of crypto history Bankrupt crypto lender BlockFi is set to begin its first interim crypto distributions through Coinbase this month. The distributions will be processed in batches over the […]
Bitcoin’s Next Potential Price Movement The upcoming price movement for Bitcoin could see it reaching as high as $110,000, according to various crypto traders who believe that the cycle low has been established. Founder of MN Capital Michael van de Poppe predicts a price target of $110,000 for Bitcoin’s next rally. Despite concerns of forming […]
Bitcoin Holders Decrease by 670K, Indicating Potential Rebound: Santiment The decline in Bitcoin wallet addresses holding BTC could be a positive sign for investors, according to Santiment. The number of Bitcoin addresses holding a balance of more than zero has dropped by 672,510 in the past month. Santiment suggests that traders may believe the March […]
Trading Volume Decline on Crypto Exchanges in June Combined spot and derivatives volumes on centralized crypto exchanges fell by 21.8% in June, marking the third consecutive month of decline as exchanges competed for market share. In June, the total volume across all centralized exchanges was $4.2 trillion, down 53% from the record high of $9 […]
Spot Bitcoin ETF inflows surge, but BTC struggles to rally above $65K Arbitrage trading of the spot BTC ETFs and a drop in demand for inflation hedges could be limiting Bitcoin’s price upside. Since July 5, Bitcoin (BTC) has seen net inflows of $1.91 billion in its US spot exchange-traded funds (ETFs). Despite this, its […]
Bitcoin and Altcoin Price Analysis Strong inflows into spot Bitcoin ETFs suggest that the sentiment has turned positive, and traders are buying aggressively. Bitcoin (BTC) has been conquering overhead resistance levels one by one, signaling that the bulls are gaining confidence. Ether (ETH) rallied to the 50-day SMA ($3,454) on July 15, indicating that the […]
Mark Cuban’s Thoughts on Bitcoin as Global Reserve Asset Mark Cuban, with a net worth of $5.4 billion in 2024, is a well-known entrepreneur and investor who has been actively involved in the digital asset space. Geopolitical instability and inflationary pressures may drive Bitcoin to become a global reserve asset. Increased support in Silicon Valley […]
