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
Crypto industry veterans and investors are debating whether Bitcoin (BTC) or MicroStrategy (MSTR) is a better buy following several weeks of stellar performance for both assets. Since the start of the year, Bitcoin has rallied 54% on the back of massive demand for newly launched Bitcoin ETFs, whose shares have appreciated at the same rate...Read More
Renowned American author and businessman Robert Kiyosaki has once again expressed his support for Bitcoin (BTC), praising its superiority over traditional assets like gold, silver, and oil. In a recent tweet, Kiyosaki elaborated on why he believes Bitcoin stands out among these assets. Bitcoin’s Fixed Supply Advantage Acknowledging his ownership of gold and silver mines...Read More
American investment management firm VanEck thinks spot Ethereum exchange-traded funds (ETFs) could become bigger than similar Bitcoin products after the United States Securities and Exchange Commission (SEC) eventually approves them in the coming months. In a recent interview, Pranav Kanade, portfolio manager of VanEck, one of the issuers of the spot Bitcoin ETFs launched in...Read More
Diehard gold bug and notorious crypto critic Peter Schiff has finally admitted that he regrets not buying Bitcoin (BTC). “Of course – I’m not an idiot,” said Schiff during an interview published on Tuesday, when asked if he’d have bought the digital currency sooner if he could go back in time. Peter Schiff Regrets Fading...Read More
According to a decision by Judge James Mellor on March 14, as reported by BitMEX Research, Craig Wright, an Australian computer scientist who has claimed since 2016 to be Satoshi Nakamoto, the enigmatic founder of the Bitcoin network, is not the real Nakamoto. The lawsuit, initiated by the Crypto Open Patent Alliance (COPA) against Wright,...Read More
Adam Back, a British cryptographer and co-founder of blockchain tech company Blockstream, believes Bitcoin (BTC) reaching $100,000 is way overdue and a matter of when, not if. According to a Thursday tweet by the famous Bitcoin proponent, there is little market euphoria as the leading digital asset records $1,000-$5,000 green candles because the community expects...Read More
MicroStrategy, the world’s largest corporate holder of Bitcoin (BTC), has announced another senior note offering for $500 million, with which proceeds will be used to purchase even more Bitcoin. At current prices, the next purchase is expected to take the company’s holdings beyond 210,000 coins – over 1% of the entire Bitcoin supply that will...Read More
Bitwise CIO Matt Hougan is spreading the word about his company’s Bitcoin spot ETF to potential investors, and has discovered how the digital currency is being perceived by finance pros. “I am no longer surprised at the size of the inflows into the Bitcoin ETFs,” Hougan wrote to X on Wednesday, noting high demand among...Read More
The future is not assured until it has passed, but successful cryptocurrency investors have relied on how powerful the recurring patterns are in these historical trends. Here are 12 Bitcoin halving cycle protips from crypto influencers on X, the social media website formerly known as Twitter. 1. It’s Still Early On This Halving Cycle Like...Read More
Following the deployment of the Dencun upgrade at 1:55 PM UTC today, the Ethereum market encountered resistance in sustaining its position around the $4,100 mark, triggering a selling wave. Consequently, the price of Ethereum dipped beneath Fibonacci retracement levels, losing the key milestone of $4,000. Presently, market sentiment for Ethereum is shifting towards a bearish...Read More
In a recent thread on X, CryptoQuant founder Ki Young Ju raised concerns about the continuous influx of capital into spot Bitcoin ETFs, warning of a potential sell-side liquidity crisis within six months if the trend persists. Ju’s remarks come amidst a surge in spot Bitcoin ETF inflows, surpassing the $10 billion inflow mark for...Read More
JPMorgan CEO Jamie Dimon believes citizens should have every right to buy Bitcoin (BTC) if they want to – even if it’s a haven for criminal activity. “I defend your right to smoke a cigarette, [and] I’ll defend your right to buy a Bitcoin,” said Dimon at the Australian Financial Review summit in Sydney, according...Read More
The alternative cryptocurrency (altcoin) sector is still reveling in its resurgence due to persistent investor interest in such digital assets amid Bitcoin’s (BTC) rally to a new all-time high of $72,000. Analysts at the crypto exchange Bitfinex revealed in the latest weekly report that investor interest in altcoins is diversifying to meme coins and artificial...Read More
Bitcoin’s rally breaking into a new all-time high above $70,000 has been unconventional for several reasons. Interestingly, the leading crypto asset is still in its early stages and has a long way to go, according to most experts. In fact, analysts are now weighing in on Bitcoin’s trajectory and expect it to climax in early...Read More
Retail interest in the cryptocurrency market appears to be ramping up following Bitcoin’s rise to $70,000 and above. According to a Tuesday tweet thread, Ki Young Ju, founder and CEO of on-chain intelligence platform CryptoQuant, believes the crypto market is likely halfway to a Bitcoin Euphoria because half of the retail crowd has arrived. Halfway...Read More
