Bybit’s Institutional Report 2024 revealed a significant increase in monthly trading volumes across several centralized exchanges (CEXs) from October 2023 to March 2024. During that timeframe, the crypto sector’s market cap surged from slightly above $1 trillion to over $2.5 trillion. Bullish Trends and BTC as a Hedge According to the report, OKX’s trading volumes...Read More
Prominent global agencies have flagged a newly-emerged ransomware group named Akira, estimated to be just a year old, for its widespread cyber intrusions, breaching over 250 organizations globally and raking in nearly $42 million in ransom payments. Investigations led by the United States Federal Bureau of Investigation (FBI) have revealed that Akira has been actively...Read More
With the Bitcoin (BTC) halving only hours away, analysts are at odds over whether the one-in-four-years event is already “priced in” to the crypto market. According to Bitwise CIO Matt Hougan, the answer is yes – but it comes with some important nuance. The Bitcoin Halving And Efficient Markets In a Twitter thread posted on...Read More
Bitcoin’s fall to $61,000 over the weekend was a result of market participants reducing their exposure to the digital asset ahead of the halving slated for April 20, according to the latest CryptoQuant weekly report. Analysts said traders closed their long positions to take profits, and now, the volume of sell orders in the perpetual...Read More
For the past four days, fees paid by users on Bitcoin have exceeded those on Ethereum, according to data from Cryptofees, a data analytics platform. This surge in Bitcoin transaction fees has been associated with the growing anticipation surrounding the upcoming halving event and the Runes upgrade. Bitcoin Fees Surpasses Ethereum for 4 Consecutive Days...Read More
Public interest in the ‘Bitcoin halving’ is gaining steam as Google searches for the term have now risen to their highest level in history. According to Google Trends data, interest in the term began steadily ramping up at the start of 2024. Beginning with a score of 9 in January, interest in the “bitcoin halving’...Read More
Bitcoin traders are eagerly anticipating that the upcoming scheduled decrease in the issuance of new coins will lead to a significant surge in Bitcoin’s price. Nevertheless, this expectation may not be fully realized this time, according to various experts. Deutsche Bank suggests that the effects of the Bitcoin halving are already reflected in its current...Read More
Two of America’s largest banks are urging crypto investors to remain cautious around the upcoming Bitcoin halving, which analysts believe may not play out much like prior cycles. In a Wednesday report, JPMorgan predicted that Bitcoin’s price will not rise following the event, and is more likely to resume declines that began earlier this month....Read More
Contrary to the general belief circulating in the crypto community, Bitcoin Stock-to-Flow (S2F) model creator and analyst PlanB thinks this halving will not be different from previous events. According to a tweet, PlanB insists that Bitcoin’s price increases will again be around the halving. This Halving Will Not be Different Over the past weeks, several...Read More
Bitcoin has now retreated 18% from its all-time high of $73,737 on March 14, tapping $60,000 during late trading on April 17. Corrections are a healthy part of market cycles, however, and analysts agree that this one may not be over yet despite the halving being just a couple of days away. On April 17,...Read More
While crypto has long been highly affected by the broader financial market, the price of Ethereum (ETH) appears especially impacted by its movements. According to recently published data from IntoTheBlock, the correlation between ETH and several traditional market indexes is now far higher than those between its larger rival, Bitcoin (BTC), and the same markets....Read More
Bitcoin (BTC) becomes more scarce after each halving, but the next event that takes place in the next four days will make the digital assets twice as rare as gold, according to analysts at the leading crypto exchange, Bybit. A report on what to expect before and after the Bitcoin halving revealed that BTC will...Read More
The neutralization of funding rates in crypto perpetual markets following the drawdown suggested that the correction was healthy and that volatility may eventually decline. With the Bitcoin halving a few days away, the amount of BTC leaving centralized exchanges has risen to levels not seen for more than 15 months. At the same time, the...Read More
The upcoming Bitcoin halving event is expected to follow the pattern of “buy-the-rumor, sell-the-news,” according to the Crypto.com CEO. The exec believes that in the long term, however, the halving, which is currently slated for April 20, will positively impact Bitcoin’s price. Bitcoin Halving’s Long-Term Impact Will Be Positive In a recent Bloomberg interview, Kris...Read More
After 2020, Bitcoin is all set to face the 4th halving, wherein the rewards will be halved from 12.5 BTC to 6.25 BTC. While the broader market sentiments are bullish, considering the impact in previous times, they also need to be aware of a notable change in the market dynamics during the current halving. Therefore,...Read More
The bull market euphoria appears to have come to a screeching halt as the crypto market correction continues and digital assets keep dumping. On April 16, prominent market analyst “Cold Blooded Shiller” told his 269,000 followers on X that Bitcoin is “still the cloud that hangs over crypto.” BTC has retreated 15% from its March...Read More
Bitcoin’s price may be due for another correction despite a strong recovery from its weekend dump to $61,000, according to analysts at CryptoQuant. In a community “quicktake” posted on Monday, Bitcoin and Ethereum trader GAAH noted that the prevailing bullish market sentiment may be getting too hot based on information from the perpetual futures market....Read More
A miner wallet from the early years of the cryptocurrency market has awoken from a long slumber, moving its assets to a centralized exchange. According to a tweet by Lookonchain, the wallet moved 50 BTC worth over $3.28 million to the crypto exchange Coinbase in the early hours of the Asian trading session. Miner Wallet...Read More
Despite venture capital activity declining across the board, funding for Bitcoin startups more than quadrupled in 2023, according to a new report. Research from Trammell Venture Partners (TVP) shows that the number of Bitcoin-native pre-seed deals ballooned 360% last year, while the number of funded Bitcoin companies rose by 56.9%. VC Funding Explodes On Bitcoin...Read More
Bitcoin Layer 2 solutions have gained significant traction this year but have also drawn their fair share of criticisms. Mempool founder Mononaut has strongly criticized them and pointed out several drawbacks from a technical standpoint. Interestingly, Mononaut’s stance gains support as Bitcoin Ordinals founder Casey Rodarmor. Bitcoin Layer 2 Under Fire The main objective of...Read More
Over the past decade or so, countries around the world have resorted to seizing cryptocurrencies. The United States government stands at the forefront, boasting crypto holdings of almost $15.27 billion. This substantial stash includes 212.847k BTC and 45.654k ETH. US Leads with Holdings of $15.27B Silk Road is perhaps the most infamous case where the...Read More
Crypto market analytics platform CryptoQuant believes the effects of Bitcoin halvings have been diminishing and that the upcoming event will have an even smaller impact on BTC’s value. In the latest edition of the firm’s weekly crypto report, analysts said the effect of the halving has been reducing because the new issuance of BTC keeps...Read More
The US Federal Bureau of Investigation (FBI) reportedly issued a subpoena to obtain personal information from attendees of a Bitcoin core developer event in 2022. The move came to light through Mike Schmidt, co-founder of the Bitcoin non-profit Brink, who stated that the subpoena is related to allegations made by BTC developer and co-founder of...Read More
A CryptoQuant analyst has revealed that Bitcoin (BTC) still faces the risk of a deeper price correction even as the halving event draws near. According to a Quicktake by Gaah on the on-chain analysis platform, the crypto market is still hot as it is in a dangerous price region for leveraged traders. Significant pressure could...Read More
There are roughly 21,000 Bitcoin options contracts due to expire on Friday, April 12. These have a notional value of around $1.5 billion, which is slightly higher than last week’s expiration event. Additionally, crypto markets have been relatively stable this week, with total capitalization hovering at just over $2.7 trillion, and Bitcoin is dominating market movements....Read More
American author and financial educator Robert Kiyosaki has voiced his agreement with a $2.3 million per Bitcoin (BTC) prediction that Cathie Wood’s asset management firm Ark Invest made earlier this year. According to his tweet, Kiyosaki believes Wood’s predictions because he trusts her opinion, she is smart, and BTC has the potential to become worth...Read More
One week before the halving, the Bitcoin network is faced with another wave of hot demand, with some coming from a now familiar source: Ordinals traders. As of Thursday, data from mempool.space shows that Bitcoin users are paying over 90 sats/vByte of block space, placing the average cost of a transaction at $8.50 apiece. Ordinals...Read More
Bitcoin’s (BTC) rally back to $70,000 has caused the value of meme coins to increase, making them the most profitable group among altcoins. According to a tweet by Santiment, the meme coin sector has experienced remarkable growth over the past week, regardless of their apparent lack of utility and the crypto community’s unfavorable stance on...Read More
Though Bitcoin (BTC) spot ETFs launched by BlackRock and others have been all the rage in crypto, there’s a slightly older Bitcoin fund that’s also seen exponential gains in the past few months. The 2X Bitcoin Strategy ETF (BITX) has quadrupled its Bitcoin exposure since January, now reigning as one of the largest Bitcoin futures...Read More
U.S. Bitcoin spot ETFs have absorbed $12.3 billion of net inflows since launching three months ago. Just how much have they impacted the broader Bitcoin market? Lead Glassnode analyst James Check provided analysis on Wednesday measuring the effect of Bitcoin ETFs next to the asset’s existing futures and spot markets – using on-chain data. Grayscale...Read More
