According to technical analysts looking at the Bitcoin market on a short-term time horizon, the world’s largest cryptocurrency by market capitalization looks like it could be on the verge of a breakout towards the psychologically important $30,000 level and perhaps on towards the next major resistance zone around $32,500-$33,000…. Read More: Bitcoin on Verge of…
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Bitcoin’s bull run since the start of 2023 which has seen its price jump by close to 70% has been accompanied by a rise in Bitcoin trading volumes. Daily trading volumes recently hit their highest level since the aftermath of the FTX collapse at more than $70 billion. Bitcoin was last changing hands just above…
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Outflows from investment funds backed by Bitcoin (BTC) rose sharply last week, despite a massive increase in the spot price of the cryptocurrency. The outflows from bitcoin funds for the week reached $112.8 million, marking slightly improved investor sentiment compared to the week before when $243.5 million left BTC-backed funds, according to new report from…
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Bitcoin’s correlation to US equity markets just fell to its lowest level in more than a year and a half. That’s according to crypto analytics firm CoinMetrics, who present a chart showing that Bitcoin’s 30-day pearson correlation between Bitcoin and the S&P 500 just fell under 0.20, its lowest level since September 2021. That’s a…
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In a matter of days, investors’ view on the outlook for the Bitcoin price has flipped from being bearish to bullish, as represented by a shift in options market pricing. The flip in investor sentiment comes as the Bitcoin price surges above the $28,000 level for the first time since early last June, taking gains…
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In less than one month, the Bitcoin network has added nearly one million wallets that hold a non-zero balance. According to data presented by Glassnode, in late February, the number of non-zero wallets on the network dipped from around 44.2 million to around 43.8 million by February the 23rd. However, this metric has since enjoyed…
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The US Justice Department (DoJ) and Europol announced the takedown of ChipMixer, described as “one of the darkweb’s largest cryptocurrency laundromats.” … Read More: Darknet Crypto Mixer Busted: US DOJ Investigation Leads to Seizure of Almost $50 Million – Here’s What You Need to Know Read more »Sign up for e-EUR – the progressive stablecoin
Bitcoin looks set to finish Wednesday’s session broadly unchanged in the mid-$24,000, handing market participants some much-needed time to catch their breath after a hectic seven days of price action. This time last week, Bitcoin had just dropped back under $22,000 for the first time in over three weeks, weighed alongside downside in US stocks…
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A growing narrative amongst crypto and traditional asset class investors that Bitcoin might actually be a viable safe haven against potential turmoil in the traditional fiat-based fractional reserve banking system has helped propel the BTC to fresh multi-month highs versus its major altcoin peers this week…. Read More: Bitcoin Takes the Lead, Dominance Surges as…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Europol Closes ChipMixer & Seizes BTC 1909, ‘Surge in Cold Storage & ETH Layer 2 Usage’ Post-FTX, Synalcom & Qori Enable Crypto Transactions for 20K Businesses in ‘One…
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