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Bitcoin Metrics Signal Weak Demand as BTC ETF Hype Slows: CryptoQuant

[Aug 21, 2024 10:17 AM] Apparent demand has slowed considerably since early April and even dipped into negative territory this month, the firm noted.

Bitcoin Resistance: Here Are The Challenges Ahead For BTC

[Aug 21, 2024 9:30 AM] Bitcoin has certain on-chain resistance levels coming up that could threaten future rallies. Here are the exact prices at which they lie. Bitcoin Short-Term Holders Have Their Cost Basis At These Levels Ahead As explained by CryptoQuant author Axel…

Bitcoin macro top due in 2025 despite 'confusing' March all-time high

[Aug 21, 2024 9:29 AM] Bitcoin still has the best of its bull market ahead of it, trader and analyst CryptoCon believes, with a six-figure BTC price target to match.

Institutions Are Still Buying Bitcoin ETFs, Bitwise Says

[Aug 21, 2024 8:35 AM] The number of institutional investors holding bitcoin ETFs rose 14% in the second quarter of the year to 1,100, the report said.

Bitcoin Bear Trap? Goldman Says Wednesday's U.S. Jobs Report Is Likely to Overstate Weakness

[Aug 21, 2024 8:14 AM] On Wednesday, the Bureau of Labor statistics will publish a preliminary estimate of the benchmark revision to the level of monthly nonfarm payrolls (jobs report) from April 2023 to March 2024.

Battleground At $60,000: Bitcoin Faces Pivotal Test As Bulls Aim To Reclaim Key Support

[Aug 21, 2024 7:00 AM] The world’s largest cryptocurrency, Bitcoin (BTC), has struggled to maintain a foothold above the critical $60,000 price level in recent trading sessions, as the digital asset finds itself caught in a tug-of-war between bullish and bearish…

Bitcoin Maintains Market Dominance With $42 Million In Inflows

[Aug 21, 2024 6:00 AM] Digital asset investment funds witnessed another week of inflows last week, albeit at a small amount, to extend the run of inflows to two consecutive weeks. Notably, investment funds attracted a net inflow of $30 million last week. One of the key…

Mt. Gox Moves $700M in Bitcoin, BTC Unmoved at $59K

[Aug 21, 2024 5:40 AM] According to Galaxy's Alex Thorn expects only 1,265 BTC, woth over $70 million, may be offloaded in the market.

Woman Sentenced to Prison for Bitcoin-Funded Dark Web Murder Plot

[Aug 21, 2024 4:30 AM] A Utah woman, Krista Renae Stone, 23, was sentenced to 78 months in federal prison for attempting to orchestrate a murder-for-hire using the dark web, the U.S. Department of Justice (DOJ) announced on Monday. Stone targeted her ex-boyfriend’s new…

2 key Bitcoin metrics signal steady bull cycle — 'No bubble' in sight

[Aug 21, 2024 3:09 AM] The metrics suggest that Bitcoin is unlikely to be overvalued at current levels and its price action is developing “steadily without significant anomalies or sharp jumps.”

Bitfufu Reports 70% Revenue Growth in Q2 2024, Cloud Mining Clients Pay $77 Million

[Aug 20, 2024 10:30 PM] Bitfufu Inc., a Nasdaq-listed cloud mining services company, announced a 69.7% revenue jump for the second quarter of 2024, bringing in $129.4 million. The Singapore-based firm, established in 2020 by CEO Leo Lu, credited this growth largely to a…

Bitcoin Recovers To $61,000, Here Are The Possible Reasons

[Aug 20, 2024 9:30 PM] Bitcoin has made a recovery back towards the $61,000 level during the past day. Here are the factors that could be behind this surge. Bitcoin Has Made Some Recovery During The Last 24 Hours After showing lackluster price action under $60,000 during…

US regulator fines crypto fund $150K for illicit Bitcoin loan

[Aug 20, 2024 8:58 PM] It’s part of the fallout from the industry-wide liquidity crunch triggered by FTX in 2022.  

Polymarket Odds Suggest 81% Chance of RFK Jr. Exiting 2024 Race as Shanahan Hints at Trump Alliance

[Aug 20, 2024 8:30 PM] Based on Polymarket odds, Robert F. Kennedy Jr., a 2024 independent presidential candidate, has a 81% probability of exiting the race after his running mate, Nicole Shanahan, hinted that their campaign might align with former President Donald…

Bitcoin On Brink Of Massive Breakout Like Gold In 2008: Hedge Fund CEO

[Aug 20, 2024 8:00 PM] In the latest edition of the Capriole Investments newsletter dated August 20, 2024, Charles Edwards, founder and CEO, draws striking parallels between the current market behavior of Bitcoin and the historical performance of Gold, particularly…

Bitcoin short-term holders ‘over-reaction’ a factor in BTC’s drop below $50K — Glassnode

[Aug 20, 2024 7:16 PM] Glassnode says short-term holders have “carried the brunt” of losses from Bitcoin’s recent drop below $50,000.

End Of The Slump? Floki Eyes A 46% Price Surge — Analyst

[Aug 20, 2024 6:30 PM] Floki, the joke coin that used to be very popular, has been going up and down since June. It dropped from a high point of $0.00034 to a low point of $0.00011, a huge 65% loss. But an 18% rise in the last 24 hours has given experts new hope. They…

Bitcoin whales now add just 1% to their BTC holdings per month

[Aug 20, 2024 3:41 PM] Bitcoin large-volume investors have slowed their BTC accumulation to a crawl versus the run-up to all-time highs earlier this year.

Ledn Secures Industry First $50M Bitcoin-Backed Syndicated Loan from Sygnum

[Aug 20, 2024 3:02 PM] Ledn, a leading digital lending platform, has officially secured a $50 million Bitcoin-backed syndicated loan from Sygnum, a Swiss digital asset banking group with ~$4.5 billion in client assets, according to a press release sent to Bitcoin…

Polychain leads $6.7M investment in new Bitcoin-centric yield network Corn

[Aug 20, 2024 2:00 PM] Corn aims to unlock more of Bitcoin’s $1.1 trillion liquidity for DeFi applications.

Tron: Steady Momentum Carries TRX 14% Up – Details

[Aug 20, 2024 12:30 PM] Tron (TRX) gains massively as it continues on its bullish path after new developments hit the market. According to CoinGecko, the token is up 14% since last week. This trend may continue as major cryptocurrencies like Bitcoin and Ethereum pull…

First Mover Americas: Bitcoin Returns to $61K, Outperforms Broader Crypto Market

[Aug 20, 2024 12:01 PM] The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 20, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

U.S. Leading Economic Indicators Continue to Fall, No Longer Signal Recession

[Aug 20, 2024 10:36 AM] The U.S. recession fears were partly responsible for the early August slide in stocks and cryptocurrencies.

Bitcoin seen following stocks as BTC price gains 2.5% to attack $61K

[Aug 20, 2024 10:05 AM] Bitcoin stands to gain from increasingly risk-on macro sentiment, but can it shift a stubborn BTC price range?

Grayscale Exec Predicts Bitcoin Surge No Matter Who Wins US Election

[Aug 20, 2024 9:30 AM] Zach Pandl, Grayscale Investments’ managing director, has boldly predicted that the price of Bitcoin will surge regardless of who wins in the upcoming US presidential election. He said this potential increase is because of macroeconomic…

3 reasons why Bitcoin won’t be ‘boring’ in September

[Aug 20, 2024 8:56 AM] While Bitcoin failed to close above the $60K psychological level on the weekly chart, the long-term holders (LTHs) continue to adopt a bullish strategy in 2024.

Solana (SOL) Continues Sideways Move As Outflows Record $39 Million

[Aug 20, 2024 8:00 AM] Solana (SOL) has recovered 30% of its price since the Black Monday crash, hovering between the $155-$140 range. Recent reports revealed the Solana-based investment products were among the largest losers last week after registering over $30 million…

Bitcoin Price Could Surge 200% To Cross $100,000 If This Happens

[Aug 20, 2024 6:30 AM] A crypto analyst has predicted that Bitcoin (BTC), the world’s largest cryptocurrency could see its price surging as high as $100,000, representing a 200% increase from its current value. However, the analyst noted that this bullish projection…

U.S. Elections-Linked Bitcoin Options Draw Nearly $350M in Open Interest

[Aug 20, 2024 6:26 AM]

Bitcoin Holders Now Doing Loss-Taking: Sign That A Turnaround Is Near?

[Aug 20, 2024 3:30 AM] On-chain data shows that Bitcoin investors have ended their net profit-taking spree recently, a potential sign that a price reversal could occur soon. Bitcoin Daily Realized Profit Loss Ratio Has Dipped Below 1 Recently As explained by CryptoQuant…