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Bitcoin Retraces Back From $30,000 As Profit Taking Spikes

[Aug 9, 2023 6:00 AM] Bitcoin had surged above $30,000 earlier during the past day but has since observed a retrace as profit-taking from traders has spiked. Bitcoin Profit-Taking Volume Is Currently More Than Twice The Loss-Taking One Bitcoin showed some promising…

Why Is Bitcoin And Crypto Surging Today?

[Aug 9, 2023 12:15 AM] In the last 24 hours, Bitcoin has experienced a 2% surge, pulling the broader crypto market along with it into a bullish trajectory. Leading the charge among altcoins are PEPE with an 8% gain, followed closely by SHIB and HBAR both at 6.3%, TON at…

Private Equity Giant David Rubenstein Makes the Case for Bitcoin

[Aug 8, 2023 3:19 PM] Billionaire private equity titan David Rubenstein believes Bitcoin (BTC) is here to stay thanks to growing institutional interest as evidenced by BlackRock’s application for a spot bitcoin ETF as well as general global demand for a form of money…

Bitcoin Funds Witness Largest Weekly Outflows Since March: Report

[Aug 8, 2023 11:00 AM] The latest weekly report from CoinShares reveals that crypto investment products, particularly Bitcoin funds, saw major outflows for the third consecutive week. As investors continue to take profit, a total of $107 million in outflows was recorded…

Bitcoin Miners Show Accumulation Again, Bullish Sign?

[Aug 8, 2023 9:00 AM] On-chain data shows that Bitcoin miners have been expanding their reserves recently, a sign that could be bullish for the asset’s price. Bitcoin Miner Reserve Has Been Trending Up Recently As pointed out by an analyst in a CryptoQuant post…

Is Bitcoin Mispriced? Lessons From Past Volatility Slumps

[Aug 8, 2023 1:20 AM] Since its inception, Bitcoin has (almost) always been the poster child for volatility. Yet, the Bitcoin price is hardly moving in any direction at the moment. But the latest data suggests a surprising twist in the tale. As per a recent report by…

Why Low Volatility Bitcoin Could Last A Lot Longer

[Aug 7, 2023 4:26 PM] Much has been said in recent weeks regarding how uncharacteristically calm Bitcoin has been. On weekly timeframes, volatility measures are at their lowest ever. Unfortunately, despite the record-setting lull, directionless sideways price action…