According to on-chain indicators reviewed by analysts at the crypto exchange Bitfinex, bitcoin (BTC) still has some way to go before it bottoms out in this bear cycle. The latest Bitfinex Alpha report revealed that the leading digital asset could decline further into the $40,000s by the end of this year as more investors exit […]
A newly released federal financial disclosure has revealed that US President Donald Trump holds more than $50 million worth of Bitcoin in a cold wallet. According to a 927-page document released by the US Office of Government Ethics, the Bitcoin is held under CIC Digital LLC as a “Cryptocurrency Wallet Virtual Bitcoin Key (held in […]
As more opinions on Strategy’s latest bitcoin (BTC) moves surface within the crypto community, trader Merlijn has countered Ripple CEO Brad Garlinghouse’s stance on the matter. In a tweet addressing Garlinghouse’s remarks on Strategy’s recent BTC sale, Merlijn insisted that both Ripple and the business intelligence firm use the same funding models. In other words, […]
Crypto markets remained flat over the weekend following a week of heavy losses that saw a further $140 billion leave the space. Military action in the Middle East resumed with the US conducting strikes on Iranian military targets at multiple locations in response to Iran’s drone attack on a commercial ship. Meanwhile, the TradFi fear and […]
Michael Saylor and Strategy weren’t focused on the right features of bitcoin and how to build their own strategy around it, which is now hurting the overall cryptocurrency market, said Ripple’s CEO, Brad Garlinghouse. In a recent interview with CNBC, he doubled down that the long-term value of a certain asset is its utility, not […]
DeXe (DEXE) has recorded a major increase in on-chain activity as the protocol continues to rank among the strongest-performing large-cap crypto assets in recent months. According to data shared by Santiment, DEXE recorded 18 whale transactions worth over $100,000 and 298 active addresses, both all-time highs. The network also added 86 new wallets, which is […]
Around 153,500 Bitcoin options contracts will expire on Friday, June 26, with a notional value of roughly $9.3 billion. This event is much larger than usual, being the end of the month and end of quarter, so it may induce more volatility in the already battered spot markets. Crypto markets fell to an almost two-year low […]
Analyst ‘Reflection’ warned of a brutal Bitcoin liquidation cascade below $59,000, claiming over $1.6 billion in long leverage is stacked in one zone around $58,000 based on CoinGlass data. “In all my years trading, I’ve never seen this much long-side liquidity stacked in one single zone,” they said on Wednesday. That liquidation zone is not […]
The old saying – sell in May and go away – proved to be right once again for the cryptocurrency markets. It was just six weeks ago when bitcoin had evidently reclaimed the $80,000 level and even surged to a multi-month peak at almost $83,000. The sentiment was gradually improving and there were even calls […]
Bitcoin network activity remains close to record highs, according to CryptoQuant’s Bitcoin Network Activity Index, even though the cryptocurrency is still trading below its all-time high. The index tracks metrics such as active addresses, transaction volumes, unspent transaction outputs (UTXOs), and demand for block space to measure actual activity on the network. Network Usage Surges […]