Bitcoin’s dominance has increased to 52% on some sources after the asset attempted to surpass the $71,000 level but failed, currently just under $70,000 as of Thursday (March 28th). Altcoins have experienced greater retracement, which is evident by the increasing BTC dominance. As CryptoPotato reported, Ethereum (ETH) and other leading altcoins have retraced significantly, taking...Read More
Wladimir van der Laan – the former lead maintainer of Bitcoin Core – is mulling a comeback to Bitcoin development after the high-profile industry lawsuit, COPA v. Wright, came to a close earlier this month. In a blog post last Friday, the Bitcoin pioneer expressed relief and disbelief over the prosecutors’ victory, which saw London...Read More
BTC hit $71,375 on March 26, returning close to its all-time high of $73,738 earlier this month, but it failed to break through to a new peak. This was largely due to profit-taking, which has accelerated, according to on-chain analytics provider Glassnode. “Several on-chain indicators have flagged an uptick in profit-taking events,” the firm noted...Read More
Over the weekend, the fifth richest Bitcoin address transferred $6 billion worth of the asset to three new wallets. The transfer occurred amid increased institutional interest in BTC, driven perhaps by the upcoming halving in April. Bitcoin Wallet Transfers $6 Billion in Bitcoin Initially funded with 94,500 BTC ($6.05 billion) in 2019, the address remained...Read More
As per a Bloomberg report, institutional clients of Goldman Sachs’ Asia Pacific division are displaying revitalized interest in Bitcoin, Ether, and other crypto assets. This trend indicates a notable evolution in the investment landscape for traditional financial institutions. According to Max Minton, the head of digital assets at Goldman Asia Pacific, a significant number of...Read More
How close is the current “Bitcoin cycle” to its bull market peak? History suggests it could be closer than most think. Lead Glassnode analyst James Check showcased a chart on Monday comparing Bitcoin (BTC)’s price action over the last three years to that of other Bitcoin epochs after touching their respective all-time highs. The Bitcoin...Read More
Bitcoin surged by more than 4.5% to above $70,000 on Monday, regaining lost ground after reaching an all-time high of $74,000 earlier this month. Until Thursday of last week, Bitcoin traded below $65,000 following a multi-day period of unusually small inflows to Bitcoin ETF products, coupled with monstrous outflows from the Grayscale Bitcoin Trust (GBTC)....Read More
CEO and co-founder of Real Vision Group and Global Macro Investor Raoul Pal said macro and crypto summer has already started in a post on X on March 25. The prediction is part of his ‘Everything Code’ thesis that explains market movements due to macroeconomic influences. It is all driven by liquidity, which bottomed at...Read More
Jian Wen, a former takeaway worker residing in north London, was found guilty of one count of money laundering after she was found with Bitcoin worth over $2.5 billion (£2 billion) in 2018. Jian Wen assisted a Chinese fugitive known to Wen as Zhang Yadi, whose real name is Qian Zhimin, in laundering the BTC...Read More
Bitcoin (BTC) had entered a period of price correction following its ascent to an all-time high of $73,700. Miners, whales, and other market participants, including large investors, had begun selling their BTC to make profits. However, analysts at CryptoQuant believe the Bitcoin bull cycle is far from over, as price valuation metrics are largely shy...Read More
In the face of relentless inflation and economic instability, Argentinians are increasingly turning to Bitcoin as a refuge, with recent data indicating a surge in purchases of the cryptocurrency. This trend comes as Bitcoin has experienced a remarkable rally in recent months, hitting record highs and outpacing traditional hedges against inflation, such as the U.S....Read More
Bitcoin is the number one crypto investment choice among BlackRock’s clients, who have little interest in getting access to other coins, according to Robert Mitchnick – the firm’s Head of Digital Assets. The representative’s words are sobering for the blockchain industry, much of which bore hopes of the world’s largest asset manager taking the broader...Read More
The price of Bitcoin (BTC) has likely already bottomed from a sharp pullback that followed new all-time highs last week, according to popular price analyst Willy Woo. The analyst provided a list of “good news” and ”bad news” surrounding Bitcoin’s fundamentals on Thursday, comparing the asset’s recent consolidation to that of past bull market cycles....Read More
Bitcoin and the rest of the crypto market have recovered, wiping out most of the losses incurred during the recent correction. Besides this latest recovery, the leading asset could see more positive returns in the near future, according to the latest data. Bitcoin Non-Zero Wallet Addresses Drop Santiment’s recent analysis of Bitcoin’s network activity revealed...Read More
United States spot Bitcoin exchange-traded funds (ETFs) have experienced three consecutive days of total net outflows, with $261.5 million exiting the funds on March 20. At the same time, the price of BTC has recovered, rising from under $61,000 to $67,000, indicating a 9% increase from the previous day. Bitcoin ETFs Outflows Hit $742 Million...Read More
Stacks (STX) prices have skyrocketed more than 30% over the past few hours, reaching an all-time high of $3.65 before cooling off a little. The token had climbed from an intraday low of $2.75 on March 20 but had retreated slightly to trade at $3.36 at the time of writing. Furthermore, the asset has made...Read More
After weeks of nonstop bullish momentum, Bitcoin (BTC) retraced below $61K, a correction many analysts deemed necessary before the halving. As CryptoPotato reported, over $220 billion were lost in just two days, with altcoins like Solana (SOL), Dogecoin (DOGE), and Ripple (XRP) suffering the most. However, the trend changed in the following hours, especially after...Read More
Analysts at the Bitfinex crypto exchange say that alternative cryptocurrencies (altcoins) have remained resilient amid Bitcoin’s (BTC) approximately 12.5% correction in the past week. According to the latest Bitfinex Alpha report, the altcoin market’s resilience is demonstrated in the Total3 index, which reached a new cycle-high market capitalization of $788 billion on March 14. Although...Read More
Grayscale CEO Michael Sonnhenshein has promised to lower the management fee of the company’s spot Bitcoin ETF, whose above-average cost has led to overwhelming outflows in recent months. In an interview with CNBC on Monday, the executive promised that the fee will drop over time as the crypto ETF market matures. “I’ll happily confirm that,...Read More
Japan’s Government Pension Investment Fund (GPIF), managing a staggering $1.5 trillion, has initiated inquiries into diversifying its portfolio, eyeing assets like Bitcoin in addition to gold, forests, and farmland. The latest move is a call for information and doesn’t signify an immediate expansion of investment targets, including Bitcoin. World’s Largest Pension Fund Explores Bitcoin Founded...Read More
Late Monday, Bitcoin (BTC) witnessed a sudden and significant plunge on BitMEX, plummeting to as low as $8,900 within a matter of minutes. Since the flash crash, BitMEX has announced via social media that it is currently investigating the substantial sell orders. Bitcoin’s Flash Crash on BitMEX According to data from the charting platform TradingView,...Read More
Investments in digital asset products clocked in a massive surge in weekly inflows, reaching a total of $2.9 billion. According to the latest data compiled by CoinShares, the inflows surpassed the previous week’s record of $2.7 billion, propelling year-to-date investments to $13.2 billion, significantly exceeding the total inflows for the entire year of 2021, which...Read More
Over the past weekend, the crypto market experienced a tumultuous blend of emotions, characterized by fear and greed, as Bitcoin plunged to lows of 64,500. However, it swiftly rebounded, with the leading asset surging back above the 67,000 mark. While Bitcoin has exhibited significant resilience, the same cannot be said for Ethereum. Ethereum’s Rocky Road...Read More
British multinational bank Standard Chartered has increased its prediction for Bitcoin’s price by 50%, forecasting that the leading digital asset will be worth $150,000 by the end of 2024. According to a CoinDesk report, the bank expects BTC to hit a record high of $250,000 by 2025 before rounding off the bull cycle around $200,000....Read More
“It’s officially Fed week, the week we’ve all been waiting for,” exclaimed macroeconomics outlet The Kobeissi Letter on March 17. The US Central Bank will make its highly anticipated announcement on March 20, which will set the tone for the US’s economic outlook going forward. Key Events This Week: 1. Housing Starts data – Tuesday...Read More
Following his arrest nearly three years ago, a Jury in a US federal district court found Roman Sterlingov, operator of the crypto mixer Bitcoin Fog, guilty of a four-count charge regarding money laundering. The founder of Bitcoin Fog faces up to a maximum of 50 years in prison for all his charges. Sterlingov Convicted According...Read More
2022-2023 was an excellent period for naysayers who crushed, denounced, lambasted, and even proclaimed Bitcoin (BTC) is “dead.” A “dark age” where there appeared to be little hope that the primary cryptocurrency would once again rise or even exceed its previous peaks. However, BTC always seems to have the final word (at least, it has...Read More
In the past few days, Bitcoin (BTC) has fallen from its newly recorded highs to levels not seen in a week, triggering millions in liquidations. Analysts have revealed that the Coinbase Bitcoin Premium Index flashed a bearish signal before BTC slumped. According to an analysis by CryptoQuant, the Coinbase Premium Index dipped below 0.05 some...Read More
Despite the most recent retracements in the crypto markets, the overall trend in the past several months has been quite bullish, leading to a new all-time high for Bitcoin and a multi-year peak for Ethereum. Consequently, their market capitalizations increased as well a lot lately and that made them some of the largest financial assets...Read More
El Salvador, the pioneering country that approved Bitcoin as legal tender, has consistently adhered to its HODL strategy, even amidst the market crash from two years ago and the massive rise toward new ATH this week. The country initiated its Bitcoin purchases in September 2021, when Bitcoin was valued at $51,769. El Salvador Boasts Huge...Read More
