November 5, 2024 at 01:50 PM GST updated: November 5, 2024 at 11:07 AM 2 mins read News Mt. Gox transfers $2.2B in Bitcoin to unmarked wallets, raising speculation on repayment and market impact. Creditors face extended delay until 2025, easing immediate concerns of a major Bitcoin sell-off on the market. Large Mt. Gox Bitcoin…
November 4, 2024 at 08:25 PM GST updated: November 4, 2024 at 07:27 PM 2 mins read News Bitcoin’s $68K support level is crucial for maintaining its bullish momentum amid economic uncertainty. Upcoming U.S. elections and Federal Reserve decisions may impact Bitcoin’s volatility. Weak job data fuels speculation of a potential dovish shift in monetary…
November 2, 2024 at 09:25 PM GST updated: November 2, 2024 at 06:17 PM 2 mins read News Historical altcoin cycles show that re-accumulation phases often precede significant market rallies and price surges. Current market patterns resemble those of 2015 and 2018, suggesting a potential bullish phase in 2024. Pre-election volatility often transitions to stability,…
October 8, 2024 at 04:20 PM GST updated: October 8, 2024 at 02:08 PM 2 mins read News The whale has sold 45,000 ETH worth $113.2 million over the past two weeks, indicating a strategic liquidation plan. Despite recent sales, the whale still holds 94,540 ETH, valued at over $230 million, and continues to stake…
October 7, 2024 at 03:50 PM GST updated: October 7, 2024 at 02:54 PM 2 mins read News Bitget token saw a dramatic 56% drop, falling from $1.14 to $0.53 before beginning recovery. Bitget promises compensation within 72 hours for users affected by the sudden price drop. Bitget plans to improve risk management tools and…
Bitcoin’s price briefly dipped to an intraday low of $59,860 shortly after 9 a.m. EDT on Oct. 3, 2024. As of 1 p.m., the cryptocurrency is trading above the $60,000 mark, though it continues to face challenges in maintaining this key psychological level. Crypto Market Sell-Off Drives Traders to Stablecoins At 1 p.m. EDT on…
September 27, 2024 at 03:40 PM GST updated: September 27, 2024 at 03:20 PM 2 mins read News A drop below $63,573 could liquidate over $724M in long positions, potentially causing a sharp market decline. A price rise above $65,707 could trigger $596M in short liquidations, pushing Bitcoin’s price even higher. High leverage increases risk,…
Bitcoin (BTC) and ether (ETH) surged for a third consecutive day, supported by strong inflows into spot exchange-traded funds (ETFs), according to a weekend analysis by QCP Capital. The firm reported that bitcoin retested the $64,000 mark, while ether reclaimed $2,500 during the rally. ‘Uptober’ Gets a Head Start in Mid-September QCP Capital‘s weekend analysis…
September 21, 2024 at 12:10 AM GST updated: September 20, 2024 at 10:50 PM 2 mins read News BlackRock not being overly bullish on bitcoin means that institutions are gradually getting onboard with the new age financial asset. The decision may have been informed by concerns over the future stability of the U. S. dollar…
Bitcoin’s market is currently experiencing a period of stagnation, characterized by minimal capital inflows and outflows. According to an onchain analysis from Glassnode, researchers highlight that this inactivity may lead to heightened volatility in the near future. Glassnode Analysis Warns of Potential Volatility Glassnode’s report with researchers Ukuria OC and Cryptovizart reveals that demand for…
September 16, 2024 at 11:40 AM GST updated: September 16, 2024 at 11:25 AM 2 mins read News The Fed is expected to announce a rate cut on September 18, with a 50% chance for either a 0.25% or 0.50% reduction. Market volatility is high as investors brace for possible impacts of the Fed’s rate…
QCP Capital notes that the highly anticipated debate between former President Donald Trump and current Vice President Kamala Harris may have a significant impact on the crypto market. Both figures, who are among the most polarizing in recent U.S. political history, are expected to influence price action in the days leading up to the debate….
Bitfinex’s analysts expect bitcoin’s price to potentially drop to the low $50,000s or mid $40,000s if the Federal Reserve cuts interest rates this month. The “historical price action for September also aligns with our view of a projected 20 percent drop in bitcoin prices following a rate cut,” the Bitfinex analysts said. Bitfinex Predicts Bitcoin…
Rhodium Encore LLC, a bankrupt bitcoin mining company, has received court approval for a unique debtor-in-possession financing plan that allows borrowing in either U.S. dollars or bitcoin. Galaxy Digital Holdings Ltd., a blockchain firm led by Mike Novogratz, has offered to provide Rhodium with a loan of either $30 million in dollars or 500 bitcoin….
The bitcoin market has hit a phase of tranquility, where investor enthusiasm has cooled, and speculative activity has sharply decreased. According to a thorough report from Glassnode, this quiet spell might be setting the stage for an uptick in market volatility. Glassnode Analysis Shows Bitcoin Market Entering a Tranquil Phase Amid Decline in Speculative Activity…
August 20, 2024 at 03:40 PM GST updated: August 20, 2024 at 03:14 PM 2 mins read News Block trading activity surpassed $500 million today, indicating renewed institutional interest. Bitcoin options volume included 3,643 BTC in calls and 2,084 BTC in puts. Ethereum options saw 31,430 ETH in calls and 28,488 ETH in puts, showing…