Historical data has shown that growing stablecoin liquidity is associated with sustained gains in the crypto market. This means that bitcoin’s next rally could be around the corner because stablecoin liquidity is expanding. According to a CryptoQuant report, liquidity impulse for Tether (USDT) and USD Coin (USDC) have begun to expand again, with the latter...Read More
“We are not bulled up enough about Ethereum,” said former UBS bond trader and Etherealize founder Vivek Raman on Jan. 29. It has been more than a week since Donald Trump’s inauguration, and the “entire Ethereum ecosystem has been reborn,” he added, referring to the recent leadership shakeup at the Ethereum Foundation. Ethereum now has...Read More
The crypto market is recording a surge in bitcoin (BTC) inflows to whale wallets, indicating that this cohort of investors has begun to accumulate the digital asset again amid the recent downturn. Analysts at the market intelligence platform CryptoQuant see a substantial inflow of BTC into whale addresses as the act of storing BTC in...Read More
Bitcoin has recovered from its twelve-day low of just below $98,000 on Monday to reach an intraday high of $103,100 during the Tuesday morning Asian trading session. The asset only spent a few hours in the five-figure territory, finding solid support from which to bounce. On Jan. 28, analyst ‘Rekt Capital’ said that Bitcoin had completed...Read More
Crypto markets are deep in the red this Monday morning in Asia, and key economic data from the US this week could rattle them further. Markets reacted positively following Donald Trump’s inauguration last week, with a new all-time high for Bitcoin on Jan. 20, but things appear to be unraveling at the moment. President Trump also...Read More
Bitcoin’s price has been on a spectacular run for the past few months, going from under $70,000 to almost $110,000 to break its previous all-time high and mark a new one, well within six-digit territory. The micro-scale has also turned positive as the asset recovered its 30-day percentage gain or loss to above 6% at...Read More
Since the United States presidential inauguration, overall bitcoin spot demand growth has slowed considerably. Spot demand growth is needed for BTC’s price to rally again; however, the metric has yet to make a comeback. A CryptoQuant report revealed that despite the lack of such an increase, large BTC investors have entered a reaccumulation phase and...Read More
Donald Trump’s executive order on crypto, titled “Strengthening American Leadership in Digital Financial Technologies,” has been signed. Here’s exactly what’s inside the order – which utterly revokes that of the more crypto-hostile Biden administration from two years ago. Broadly, the order establishes the “President‘s Working Group on Digital Asset Markets.” It will be chaired by...Read More
With the current bull cycle possibly on its last legs, many crypto experts are optimistic that the leading cryptocurrency will attain never-before-seen heights before the end of the year. Blockchain analytics platform CryptoQuant revealed in its latest research that Bitcoin (BTC) could soar to a peak between $145,000 and $249,000. While stressing that institutional adoption...Read More
Despite the current state of the crypto market, Bitcoin miners are having an even more difficult time producing blocks and running their operations. Bitcoin mining difficulty hit an all-time high, but an even more notable occurrence is that this uptick is the eighth consecutive one, which could mean several things for the budding crypto network....Read More
Crypto markets spent the past week in retreat, with more than $300 billion leaving the digital asset sector. The weekend traded flat, but there was a minor spike in activity and a subsequent price correction on Monday morning in Asia. Moreover, several key inflation reports are due in the US this week, which could impact...Read More
Bitcoin prices have slumped back into five-figure territory, with the asset hitting an intraday low of $95,164 during early trading in Asia on Wednesday following a fall of almost 6% in 12 hours, according to CoinGecko. On Tuesday, Jan. 7, the asset topped $102,000 after gaining 10% over the past week. However, most of those...Read More
For context, Bitcoin returned a yield in average crypto exchange prices of 210% from Nov. 1, 2023, to a historical record high level above $108,000 on Dec. 16, according to data compiled by CoinMarketCap. Compare that to US stocks’ performance over the same time period, and the original and most secure cryptocurrency massively over-indexed for...Read More
The little orange cryptocurrency was one of several digital assets in this segment that walloped 2024 gains from investing in US stocks like those in the S&P 500 Index or Nasdaq Composite. Others, like Ripple’s XRP tokens for international settlements between large institutions, performed even better than Bitcoin. XRP was up 247% by Christmas Day...Read More
The positive seasonality known to affect the bitcoin market during the last quarters of every halving year is wearing off, as seen in BTC\’s price movements over the past two weeks. This trend is often driven by high demand from investors; however, recent data shows that these market participants have slowed down in their acquisition...Read More
The mining difficulty of Bitcoin hit a new peak of 109.78 trillion, climbing 1.16% in Sunday’s latest adjustment. This represents a 24% increase over the past 90 days and a 52% rise during the last three months of the year. Meanwhile, Bitcoin’s hash rate also crossed the 800 EH/s threshold this month for the first...Read More
The world’s biggest corporate holder of bitcoin continues with its accumulation phase by allocating another $209 million to purchase 2,136 BTC. With this eight consecutive Monday purchase, the company’s stash has skyrocketed to over 446,000 BTC. MicroStrategy has acquired 2,138 BTC for ~$209 million at ~$97,837 per bitcoin and has achieved BTC Yield of 47.8%...Read More
Moreover, even in a year that many stocks doubled and tripled their historical average yearly returns, leading cryptocurrencies delivered gains of over 100% for the year. With several years of operation behind them, landmark wins against SEC regulators in US court, and even Wall Street ETFs for two of them, the crypto assets on this...Read More
But real quick first— XRP’s price could be in for another big pump soon, according to the technical signals. Legendary chart trader Peter Brandt recently shared a bullish wedge pattern suggesting another leg up for XRP’s price to above $2.70. The average exchange rate in US dollars for XRP on Saturday, Dec. 28, was $2.19....Read More
As 2024 comes to an end, so does the timeline for several price predictions for bitcoin (BTC) from big names and companies in the crypto industry. While new reports are emerging with price forecasts and expectations for 2025, examining how well previous predictions performed is essential. Several experts and market analysts expected BTC to rally...Read More
In a very genial nod to Bitcoin, Cramer asked about the new administration’s plans for crypto and, in his question, drew a comparison to the U.S. strategic petroleum reserve. Will the White House push for something like that? “Yeah, I think so,” Trump answered. But the rest of his answer really showed an understanding of...Read More
MicroStrategy has extended its Monday bitcoin acquisition streak with another purchase announced by co-founder Michael Saylor minutes ago. This time, the company was slightly more modest by allocating less than a billion to acquire 5,262 BTC. MicroStrategy has acquired 5,262 BTC for ~$561 million at ~$106,662 per bitcoin and has achieved BTC Yield of 47.4%...Read More
With the crypto market halfway through this bull cycle, the amount of bitcoin readily available for sale is shrinking faster relative to demand growth. On-chain analysis by the market intelligence firm CryptoQuant revealed that the bitcoin market is currently experiencing a demand shock because demand growth is accelerating and supply is shrinking. According to a...Read More
Bitcoin (BTC) is currently worth around $94,000 after trading above $108,000 earlier this week. While traders continue to take profits, analysts believe the cryptocurrency still has room for growth. According to an X thread by Rafael Schultze-Kraft, the co-founder of the on-chain market intelligence platform Glassnode, over 20 charts and metrics suggest BTC has yet...Read More
The landscape in the cryptocurrency space can change drastically in days. Recall that bitcoin tapped a new all-time high of over $108,000 on Tuesday, but its price has slumped to $94,500 since then. This came after a few remarks by Federal Reserve Chair Jerome Powell, who warned that the central bank could not purchase BTC...Read More
The Avalanche Foundation has launched its most significant network upgrade to date, Avalanche9000, introducing the Etna upgrade to its mainnet. It marks a fundamental shift in the Avalanche ecosystem by simplifying the process of launching Layer 1 blockchains, removing the complexities of the previous Subnet model. AVAX’s price remained largely unfazed despite the major overhaul....Read More
US investors continued to pour money into the spot Bitcoin ETFs after Donald Trump’s victory in the presidential elections, and the streak extended into the past five trading days. The Ethereum counterparts have also enjoyed the momentum by attracting almost a billion dollars within the past week. BTC ETFs Keep the Momentum Going The initial...Read More
For the past two years, Bitcoin has come roaring back from 2022’s crypto winter. It was a tough one-year correction cycle, complete with a rash of cash crunches and liquidations of some big names in blockchain. The crash was so devastating that a few Web3 founders who broke the law even went to jail in...Read More
Nearly a year since United States-based spot Bitcoin exchange-traded funds (ETFs) were launched in January, the funds have experienced remarkable growth. Inflows into the 12 funds have surpassed 500,000 BTC. Spot Bitcoin ETFs Attract Over 500K BTC In an X post, Vetle Lunde, head of Research at the digital assets research firm K33, stated that...Read More
Is this December a good time to buy Bitcoin? Some say there’s no gift like the present, especially during the year-end holiday season. Because that’s when equities and cryptocurrencies historically deliver most of their positive yearly returns. “A Santa Claus rally is the sustained increase in the stock market that occurs around the Christmas holiday...Read More
