JPMorgan’s long-term CEO, Jamie Dimon, once called bitcoin a “fraud,” said that it was “worthless,” and described it as a “decentralized Ponzi scheme.” Moreover, he claimed that if he were using the government, he would shut it down. Fast-forward several years, and the banking behemoth he runs is putting traditional finance on public blockchains, accepting […]
Although Thursday saw the highest daily net outflow in four months of well over $600 million, the spot Bitcoin ETFs still managed to end the week in the green. The same cannot be said about their Ethereum counterparts, which have bled for the fourth consecutive week. BTC ETF in the Green But… It was a […]
Aside from the overall painful experience of having to endure another bitcoin leg down, these corrections are usually accompanied by Peter Schiff’s never-ending criticism and predictions about the doom and gloom of BTC and the entire industry. Yesterday was no exception. BTC dumped to a 5-week low at $79,000, and the goldbug came out of […]
Tesla hasn’t sold any of its remaining Bitcoin. And a possible merger with SpaceX could put both companies’ Bitcoin under one corporate roof. SpaceX disclosed 18,712 BTC in its June IPO filing. Tesla reported this week that it still holds 11,509 BTC. That brings their combined stash to 30,221 BTC, worth around $2.5 billion at […]
The crypto market is back in the green on Wednesday, as several major assets have posted gains. According to Santiment, XRP and Dogecoin are showing potential buying opportunities. Historically Favorable Zones The latest 365-day Market Value to Realized Value (MVRV) data puts DOGE at around 0.74, which suggests that holders who bought over the past […]
Bitcoin is pushing back toward $86K after buyers defended the $80K short-term demand zone once again, with BTC trading close to $85K. The rebound comes as markets price in roughly a 25% chance of another Fed hike at the late October meeting, following September’s quarter-point increase. Meanwhile, the NVM Ratio has climbed to its highest […]
CryptoQuant contributor MorenoDV_ warns in a new analysis that Bitcoin’s rebound is outrunning stablecoin supply, as Tether’s USDT lost nearly $1 billion in market capitalization in five days. With less fresh dollar supply entering the market, the recovery leans more heavily on buyers already in it. USDT Supply Is Lagging Bitcoin’s Rebound Bitcoin’s recovery “is […]
Although the cryptocurrency markets are open during the weekends, they have become prone to volatility over the past several months, which returns on Monday morning. However, something strange happened over the past several hours: most digital assets experienced a sudden flash crash. It wasn’t an isolated case, as major AI stock perpetuals plunged by up […]
Although BTC is already down by several grand since its local peak, the real trouble could be around the corner as reports emerged hours ago that US President Donald Trump is preparing a fresh wave of attacks against Iran during the weekend. The US stock market also plummeted again on Friday, especially the Nasdaq 100, […]
Bitcoin’s adverse price developments that began at the start of the previous business week culminated in another nosedive earlier this morning to just over $80,000 on most exchanges. This means that the asset tested this key support for the first time in nearly a month. Here are some of the possible reasons. Pain in Asia […]