On Jan. 30, the firm announced the Grayscale Bitcoin Miners ETF with the ticker MNRS. The product is a passively managed ETF tracking the mining industry and the Indxx Bitcoin Miners Index. “MNRS provides exposure to Bitcoin Miners and the global Bitcoin mining industry at a time when we’re seeing unprecedented interest and growth in […]
The Czech Republic’s central bank head recently echoed statements he made earlier in January boasting plans for the Central European nation to begin stockpiling Bitcoin, in remarks published by the Financial Times Wednesday. On Thursday, the Czech National Bank (CNB) said it would start analyzing the prospects of introducing additional asset classes to its reserve, […]
As bitcoin’s price consolidates and traders speculate about the asset’s next trajectory, the market intelligence platform Santiment has highlighted how supply distribution trends can offer insights into the cryptocurrency’s price movement. Supply distribution data shows how different groups of investors hold cryptocurrencies. This metric takes into account the wallet sizes of small and large investors, […]
Bitcoin has recovered from its twelve-day low of just below $98,000 on Monday to reach an intraday high of $103,100 during the Tuesday morning Asian trading session. The asset only spent a few hours in the five-figure territory, finding solid support from which to bounce. On Jan. 28, analyst ‘Rekt Capital’ said that Bitcoin had completed […]
Rosseti Group – Russia’s leading electric grid operator – has announced its interest in becoming an operator for hosting mining infrastructure. The company told TASS that this initiative focuses on utilizing underloaded power supply centers, improving capacity utilization, and fostering economic growth. Rosseti Targets Crypto Mining to Use Idle Power According to the report, Rosseti’s […]
After the quiet weekend, in which BTC stood primarily around $105,000, the asset’s price movements have turned sour, and it slumped to a weekly low of under $100,000. The altcoins have bled out even more heavily, with massive price declines from the likes of DOGE, XRP, ADA, SOL, and many others. BTCUSD. Source: TradingView Similar […]
Since the United States presidential inauguration, overall bitcoin spot demand growth has slowed considerably. Spot demand growth is needed for BTC’s price to rally again; however, the metric has yet to make a comeback. A CryptoQuant report revealed that despite the lack of such an increase, large BTC investors have entered a reaccumulation phase and […]
Bitcoin’s price has been gradually rising over the past few weeks, paving its way toward a new record high, which arrived on Monday. However, it lost some momentum, and the question is what will happen next. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily timeframe, the asset rebounded from the $92K […]
Digital assets went on a highly volatile ride on Monday morning, with BTC dumping from $106,000 to under $100,000 only to bounce off and register a new all-time high hours later at over $109,000. All eyes will be on Donald Trump’s inauguration on Jan. 20 while traditional markets in the United States remain closed for […]
The highly volatile rollercoaster in the cryptocurrency market continues in full force as BTC added roughly ten grand within hours and skyrocketed to a new all-time high of just shy of $110,000. This comes just hours before the president-elect, Donald Trump, is inaugurated and returns to office. BTCUSD. Source: TradingView It has been a wild […]