Tag: BTC

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FTX crisis leads to record inflows into short-investment products

November 22, 2022

The aftermath of FTX’s collapse has soured crypto investor sentiment with “record” inflows into short-investment products last week, said CoinShares. Institutional investors have responded to the negative sentiment caused by FTX’s collapse, with record institutional inflows into crypto-focused short-investment products. According to CoinShares’ chief strategy officer James Butterfill, 75% of the total inflows by institutional…
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Bitcoin Slips Below $16k As Older Whales Show Signs Of Dumping

November 22, 2022

On-chain data shows signs of dumping from the Bitcoin whales as the price of the crypto dips below $16k. Bitcoin Exchange Inflow CDD Has Spiked Up In Recent Days As pointed out by an analyst in a CryptoQuant post, a large amount of dormant coins seem to have moved recently. The relevant indicator here is…
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Crypto Economy’s Market Cap Slides Below $800 Billion for the First Time Since December 2020

November 22, 2022

The global cryptocurrency market capitalization has dropped below the $800 billion region for the first time in 691 days or since December 30, 2020. Bitcoin has dipped below the $16K region dropping 5.12% over the past 24 hours, and the second leading crypto asset ethereum shed 7.61% on Monday, dropping below the $1,100 range. Crypto…
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Bitcoin Holders Selling At Large Losses, Is Final Capitulation Here?

November 21, 2022

On-chain data shows Bitcoin holders have been selling at large losses on the level of previous bottoms, suggesting that the final capitulation for the cycle may be here. Bitcoin 7-Day MA aSOPR Has Sharply Gone Down Recently As pointed out by an analyst in a CryptoQuant post, the BTC market participants may be coming close…
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Why The Bitcoin Price Has A High Chance Of Resting At $16,000

November 21, 2022

The Bitcoin price is trending to the downside and seems on track to retest its yearly lows at $15,550. The nascent asset class is facing the fallout of the FTX’s collapse. Once the world’s second-largest crypto trading platform, the company filed for bankruptcy protection.  As of this writing, the Bitcoin price is seeing massive selling…
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Bitcoin, Ethereum Technical Analysis: BTC Below $16,000 Amid Increased Market Volatility

November 21, 2022

Bitcoin slipped below $16,000 on Nov. 21, as markets continued to react to the news that the FTX contagion had impacted yet another firm. Hong Kong-based crypto ATM firm Genesis Block halted its operations, as it looks to stabilize its liquidity pool. Ethereum was also lower, as prices remained below $1,200. Bitcoin Bitcoin (BTC) slipped…
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Bitcoin Miners Face a Squeeze as BTC Production Cost Remains Well Above Spot Market Value

November 21, 2022

Bitcoin miners are dealing with lots of pressure following the recent difficulty adjustment increase on Nov. 20, 2022, and the leading crypto asset dropping further in value against the U.S. dollar following FTX’s collapse. Statistics recorded this past weekend show that bitcoin’s average cost of production has been a lot higher than bitcoin’s USD value…
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Bitcoin Price Grinds Lower, Why The Bears Are Not Done Yet

November 21, 2022

Bitcoin price is slowly moving lower towards $15,500. BTC remains at a risk of more losses unless it settles above the $17,000 resistance zone. Bitcoin started a fresh decline below the $16,500 and $16,400 levels. The price is trading below $16,500 and the 100 hourly simple moving average. There is a key bearish trend line…
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Binance’s Bitcoin Reserve Stash Nears 600,000, Company’s BTC Cache Is Now the Largest Held by an Exchange

November 20, 2022

While there’s been a lot of discussions concerning proof-of-reserves, self-custody, and the more than $5 billion in bitcoin and ethereum that left exchanges between Nov. 7 through Nov. 14, 2022, Binance’s bitcoin stash has grown significantly since Nov. 12. In fact, metrics from cryptoquant.com indicate that Binance’s bitcoin reserves reached an all-time high on Nov.…
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GBTC Bitcoin discount nears 50% on FTX woes as investors stock up

November 20, 2022

GBTC shares keep getting cheaper vs Bitcoin — an ideal reason to buy for ARK Invest and Lawrence Lepard. The largest Bitcoin (BTC) institutional investment vehicle is coming under suspicion as it trades at a record discount. The Grayscale Bitcoin Trust (GBTC) is the latest Bitcoin industry entity to feel the heat from the debacle…
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