When the U.S. Federal Reserve cut interest rates on October 29, the price of Bitcoin (BTC) dropped sharply, prompting traders to send more than 10,000 BTC to Binance and raising questions about whether it was a “sell the news” event or the start of a new crypto winter. But a CryptoQuant analyst has now released […]
Bitcoin’s available supply on the world’s largest crypto exchange is shrinking quickly. This deepening scarcity, one of the most pronounced readings in months, comes as data suggests large-scale investors are accumulating the asset, setting the stage for a potential supply squeeze. Conflicting Signals from Large Holders Data from October shared by Arab Chain shows that […]
This week, the crypto market saw more selling pressure as Bitcoin (BTC) fell below $115,000, causing a tug-of-war between bullish and bearish traders on Hyperliquid. Lookonchain’s new whale data shows that top traders are changing their positions in what looks like one of the most intense battles between bulls and bears this month. Whales Shuffle […]
Over the past year, the amount of Ethereum (ETH) funds held by institutions has grown at a rate nearly four times faster than that of Bitcoin (BTC). According to analysts, this change in allocation could point to a growing institutional belief in Ethereum’s distinct role alongside Bitcoin as a core digital asset. A Notable Shift […]
Bitcoin has been rangebound for the past week, trading around a support and resistance zone at $108,000; however, its next move up could be very soon, say analysts. This year has largely been a “positioning reset for Bitcoin’s market structure in spot and derivatives,” said crypto entrepreneur Joe Consorti on Thursday. He added that there has […]
Tucker Carlson has claimed that the Central Intelligence Agency (CIA) created Bitcoin (BTC), saying the mystery around its founder, Satoshi Nakamoto, makes him distrust the cryptocurrency. Speaking at a Turning Point USA event on October 22, the Conservative commentator said he would never invest in Bitcoin because he believes it was designed by financial elites […]
Bealls, a 110-year-old US retail chain with over 660 stores nationwide, has announced a new partnership with digital payments firm Flexa to enable in-store cryptocurrency payments. With this integration, Bealls becomes the first national retailer to accept digital currencies from any crypto wallet across more than a dozen blockchains at once. The announcement marks Bealls’ […]
Bitcoin whales are moving their wealth from the blockchain onto Wall Street’s balance sheet, reported Bloomberg on Tuesday. Spot Bitcoin ETFs are providing a novel way for the crypto-rich to get their coins into the traditional financial markets without selling them, it added. The exchanges are tax-neutral swaps where no cash changes hands and no […]
The U.S. Department of Justice (DOJ) has filed a civil forfeiture complaint to take control of about 127,000 BTC, worth around $14.2 billion. The Bitcoin fortune is tied to LuBian and Cambodia-based businessman Chen Zhi, who is the chairman of Prince Group. Record $14B Bitcoin Seizure Arkham shared via X that Zhi ran large-scale human-trafficking […]
Binance co-founder Changpeng Zhao (CZ) has pushed back against Peter Schiff’s latest prediction for Bitcoin. This is after the economist’s recent warning of a “brutal” bear market looming over the digital asset. Critic Mocks BTC’s Fall Schiff, a well-known Bitcoin critic, said via X that the cryptocurrency’s 32% decline since August against gold shows that […]