Crypto OTC Desks Now Hold Over $22B in Bitcoin: CryptoQuant
[Aug 22, 2024 11:41 AM] Miners often turn to OTC deals to sell bitcoin, CryptoQuant noted.
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Bitcoin ‘ripe for short squeeze’ as bulls pressure $62K BTC price wall
[Aug 22, 2024 10:45 AM] Bitcoin bulls draw key battle lines as market metrics hint at a potential breakout from the short-term BTC price trading range.
Bitcoin’s MVRV Ratio Nears Critical Death Cross: Will The Market See A Bearish Shift?
[Aug 22, 2024 10:00 AM] A recent analysis from a CryptoQuant analyst has raised concerns over Bitcoin MVRV Ratio Momentum. The MVRV ratio, a critical indicator in on-chain analysis, represents the ratio between Bitcoin’s realized and market values. It serves as a tool to…
Bitcoin Flipflops; MATIC, LINK Surge as Dim Market Action Continues
[Aug 22, 2024 8:11 AM] Polygon and Chainlink’s tokens surged as much as 10% on fundamental developments.
Where Is Bitcoin And Ethereum Headed? Analyst Reveals Key Levels to Watch
[Aug 22, 2024 8:00 AM] Amid Bitcoin’s continuous consolidation below the $61,000 price mark over the past weeks, renowned trading guru Peter Brandt, with decades of experience in the financial markets, has recently shared an update on his outlook for Bitcoin and…
Bitcoin Price Aims for Steady Increase: Is a Gradual Rise Ahead?
[Aug 22, 2024 6:53 AM] Bitcoin price remains steady above the $60,000 zone. BTC is now consolidating gains, and the bulls could aim for a move above the $62,000 resistance zone. Bitcoin started a consolidation phase above the $60,000 zone. The price is trading above…
Bitcoin's Uptrend Threatened by Looming 'Stochastics' Signal: Fairlead Strategies
[Aug 22, 2024 5:47 AM] The pending signal, if confirmed, would imply a challenging time ahead, according to analysis by Fairlead Strategies.
Historical Data Suggests Bitcoin Could Rise 1,000%, Here’s Why
[Aug 22, 2024 5:00 AM] Over the years, the Bitcoin price has been through multiple bull and bear cycles, and with the cycles have come a rather consistent trend. As a result, crypto analyst will often use the historical performance of the coin to determine what might…
Bitcoin Investors Be Warned: Legendary MVRV Ratio About To Death Cross
[Aug 22, 2024 4:00 AM] On-chain data shows the Bitcoin Market Value to Realized Value (MVRV) Ratio has recently been nearing in on a death cross formation. Bitcoin 30-Day MA MVRV Ratio May Be About To Cross Under 365-Day MA As explained by an analyst in a CryptoQuant…
Protocol Village: Credbull Raises $5.2M, Aave Comes to ZKSync Era
[Aug 21, 2024 10:28 PM] The latest in blockchain tech upgrades, funding announcements and deals. For the period of Aug. 22-28.
Is A Bitcoin (BTC) Negative Correlation With Stocks A Bullish Signal? Analyst Reveals
[Aug 21, 2024 10:00 PM] Bitcoin (BTC) and U.S. stocks have shown a negative correlation lately, with Bitcoin often moving in the opposite direction of traditional markets. This divergence has caught the attention of analysts and investors, especially as the cryptocurrency…
TradFi Underestimates Bitcoin's Enormous Scale, Franklin Templeton CEO Says
[Aug 21, 2024 9:04 PM] Bitcoin processed $36.6 trillion in transactions last year, far more than payment network giants Mastercard and Visa combined.
Bitcoin Bulls Charge Toward $62K as Fed’s Minutes Triggers Market Frenzy
Glassnode Report Reveals Why The Bitcoin Price Dropped Below $50,000
[Aug 21, 2024 8:30 PM] Bitcoin crashed below $50,000 on August 5 in a sudden dip that saw many positions liquidated in the crypto market. This sudden dip, which cascaded into other cryptocurrencies, took the market by surprise. As such, Bitcoin fell to its lowest price…
RFK Jr. Reportedly Dropping Out of Presidential Race, Mulling Trump Endorsement; Bitcoin Jumps Past $61K
[Aug 21, 2024 7:29 PM] The independent candidate has scheduled a national address for Friday.
Tron Rises 24% Amid New Developments – Will The Uptrend Continue?
[Aug 21, 2024 7:00 PM] Tron (TRX) investors continue to feel bullish even as the market dips after certain on-chain developments help investor sentiment remain high. According to CoinGecko, the token has increased more than 24% since last week, a sign that investors on…
Price analysis 8/21: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB
[Aug 21, 2024 6:30 PM] The spot Bitcoin ETFs have continued to attract inflows, suggesting that the long-term bullish view remains intact.
Bitcoin Derivatives Signal Major Risk Of Explosive ‘Short Squeeze’ Rally Ahead
[Aug 21, 2024 6:22 PM] As the world’s largest cryptocurrency, Bitcoin (BTC), continues to consolidate between the $58,000 and $60,000 price range with no clear direction, a bullish signal from the derivatives market suggests the potential for sudden and sharp…
Gryphon Digital Mining Acquires Low-Cost Bitcoin Mining Operations at $0.01/kWh
[Aug 21, 2024 5:59 PM] Gryphon Digital Mining, Inc. (NASDAQ: GRYP) has taken a big step in lowering its power costs by acquiring Bitcoin mining operations in Louisiana that leverage ultra low-cost electricity at approximately $0.01 per kilowatt hour (kWh). Gryphon…
Cryptoquant: Bitcoin Demand Remains Weak Despite Accumulation by Long-Term Holders
[Aug 21, 2024 5:30 PM] Recent data from Cryptoquant researchers indicate that bitcoin demand growth continues to show signs of weakness. Despite this, the report notes that long-term holders have been accumulating bitcoin at unprecedented levels, providing some…
Bitcoin ‘parabolic’ rally may start in Q4, according to historical price data
[Aug 21, 2024 5:12 PM] Q4 could be a blockbuster moment for Bitcoin’s price as a multi-year historical price trend holds up.
Good news means bad news? Bitcoin shrugs off weakest US dollar of 2024
[Aug 21, 2024 5:00 PM] Bitcoin price action seems uninterested in rapidly declining US dollar strength, as a shock payroll revision adds to DXY pressures.
Dormant Bitcoin Wallets From 2013 and 2014 Come Alive Moving $20.3M
[Aug 21, 2024 4:30 PM] As bitcoin hovers just below the $60,000 mark, two long-dormant bitcoin wallets, untouched since 2014 and 2013, sprang to life, moving a total of 342.59 BTC, valued at $20.3 million at today’s rates. 2 Vintage Bitcoin Wallets Suddenly…
Bitcoin Gets Brief Boost After U.S. Employment Growth Revised Lower
[Aug 21, 2024 3:00 PM] Job growth for the 12-months ending in March 2024 was 818,000 lower than previously reported, according to a government report.
Blackrock Dethrones Grayscale Becoming World’s Largest Digital Asset Manager
[Aug 21, 2024 2:42 PM] Five days ago, Arkham Intelligence revealed that Blackrock, the world’s largest fund manager, was on the brink of overtaking Grayscale in onchain asset value. As of Aug. 21, Blackrock has officially surpassed Grayscale, securing its position…
Inflows and Outflows: Bitcoin ETFs Gain $88M, Ether Drops $6.49M
[Aug 21, 2024 12:30 PM] On Tuesday, U.S. spot bitcoin exchange-traded funds (ETFs) saw inflows of $88.06 million, while ether ETFs experienced outflows totaling $6.49 million. Blackrock’s IBIT and ETHA led the charge, capturing the largest inflows of the day…
First Mover Americas: Bitcoin Holds Below $60K Before U.S. Jobs Data Revision
[Aug 21, 2024 12:06 PM] The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 21, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Mt. Gox Moves Over $700 Million in Bitcoin
[Aug 21, 2024 12:02 PM] The notorious Mt. Gox exchange has made its first major Bitcoin transaction in weeks, shifting over $700 million worth of BTC to unknown wallets.According to data tracked by Arkham Intelligence, Mt. Gox moved 12,000 BTC worth $709 million to one…
Bitcoin Sees Surge in Demand: Are We At The Final Phase of Consolidation?
Bitcoin Underperformance Precedes ‘Insane Altcoin Rally,’ Expert Warns Of Repeat
[Aug 21, 2024 11:00 AM] According to market expert Jamie Coutts, after an extended period of consolidation and lackluster performance by the two largest cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), the market may be poised for a resurgence. Coutts believes the…