Arthur Hayes, co-founder of crypto derivatives exchange BitMEX, believes the recent rally in the crypto market is not solely driven by anticipation of a spot Bitcoin (BTC) ETF. In a Tuesday essay titled “The Periphery,” Hayes attributed the surge in the crypto market to the costs associated with hawkish U.S. foreign policy, particularly in relation to Israel’s war effort against…
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An El Salvador town has grown tired of waiting for President Nayib Bukele to build Bitcoin City – and will instead build its own “Bitcoin City” project “a few kilometers away.” Residents of Berlin, a town in the Usulután Department, say they want to build the “real Bitcoin City,” instead of waiting for government efforts…
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The current Bitcoin rally has taken most of the crypto space by surprise after going from under $27,000 to $35,000 in less than two weeks. As prices continue to fly, on-chain data tracker Santiment has revealed something different between the current Bitcoin rally and its previous rallies above $30,000. Altcoins Refuse To Fall Behind Bitcoin…
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In a remarkable turn of events for the business intelligence (BI) company MicroStrategy, the recent bullish momentum of Bitcoin (BTC) has resulted in significant profits and a resurgence for the company. MicroStrategy has returned on a profitable trajectory after a prolonged period of market downturn and losses suffered by companies with cryptocurrency holdings. MicroStrategy’s Bitcoin…
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On-chain data shows the Bitcoin long-term holder supply has set a new all-time high (ATH) despite the rally offering a profitable exit point. Bitcoin Long-Term Holders Haven’t Given In To The Allure Of Profit-Taking Yet In its latest weekly report, the on-chain analytics firm Glassnode has discussed how the BTC long-term holders have reacted to…
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Following reports of BlackRock’s Spot Bitcoin ETF being listed on the Depository Trust & Clearing Corporation (DTCC) with the ticker IBTC, the BTC price had rallied above $35,000 based on investor expectations alone. The quick nature of this surge saw tens of thousands of crypto traders caught in the crossfire as over $400 million was…
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The surge in the price of Bitcoin (BTC) has led to a change in investors’ sentiment towards the market sparking different calls from market players not recorded in months. Data from on-chain analytics firm CoinGlass show high net outflows from centralized digital asset exchanges as the price briefly hit $35,000 before making a slight decline…
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Hong Kong’s CSOP Bitcoin Futures ETF has experienced a surge in trading volume and net inflow amidst the recent Bitcoin (BTC) rally. On October 24, the ETF recorded a trading volume of HK$175.87 million, accompanied by net inflows of HK$138 million, marking the highest trading volume and net inflow since the ETF’s listing, according to data by Yahoo! Finance. …
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Crypto financial services company Matrixport has doubled down on its earlier prediction that Bitcoin’s price could reach $45,000 by the end of the year as the FOMO sentiment grips Bitcoin market. This forecast comes as Bitcoin’s market share has surged to 52.1%, and its trading volume has seen a significant uptick, reaching $29 billion in…
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Bitcoin has already breached $38,000 on crypto exchange Bitgamo as the leading cryptocurrency pumps amid optimism around spot exchange-traded fund (ETF). At the time of writing, BTC is trading at $37,682 on Bitgamo, compared to around $34,300 on other major exchanges including Binance and Coinbase. Founded in 2020, Bitgamo has gained notable traction in the crypto market…. Read More: Bitcoin…
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