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Bitcoin’s Correlation to US Stocks Hits 20-month Lows - Here’s Why That’s Bullish for BTC
21.3.2023
Bitcoin’s correlation to US equity markets just fell to its lowest level in more than a year and a half. That’s according to crypto analytics firm CoinMetrics, who present a chart showing that Bitcoin’s 30-day pearson correlation between Bitcoin and the S&P 500 just fell under 0.20, its lowest...
Bitcoin Option Markets Flip Bullish as BTC Rally Heats Up, Price Rises Above $28K
20.3.2023
In a matter of days, investors' view on the outlook for the Bitcoin price has flipped from being bearish to bullish, as represented by a shift in options market pricing. The flip in investor sentiment comes as the Bitcoin price surges above the $28,000 level for the first time since early last...
Bitcoin Adds Nearly 1 Million Non-Zero Addresses in Under 1 Month – What Positive On-chain Trends Mean for the BTC Price
17.3.2023
In less than one month, the Bitcoin network has added nearly one million wallets that hold a non-zero balance. According to data presented by Glassnode, in late February, the number of non-zero wallets on the network dipped from around 44.2 million to around 43.8 million by February the 23rd....
Darknet Crypto Mixer Busted: US DOJ Investigation Leads to Seizure of Almost $50 Million – Here's What You Need to Know
16.3.2023
The US Justice Department (DoJ) and Europol announced the takedown of ChipMixer, described as "one of the darkweb’s largest cryptocurrency laundromats." ...
Read More: Darknet Crypto Mixer Busted: US DOJ Investigation Leads to Seizure of Almost $50 Million – Here's What You Need to Know
El Salvador Launches Bitcoin, Lightning Network Dev Courses for University Students
16.3.2023
The El Salvador government has announced the launch of new university courses in Bitcoin (BTC) and Lightning Network development.
The government’s Bitcoin Office unveiled its plans on Twitter. It explained that its new “CUBO+” courses will comprise an “advanced bitcoin engineering program that...
Bitcoin Takes the Lead, Dominance Surges as BTC Outperforms Altcoins
16.3.2023
A growing narrative amongst crypto and traditional asset class investors that Bitcoin might actually be a viable safe haven against potential turmoil in the traditional fiat-based fractional reserve banking system has helped propel the BTC to fresh multi-month highs versus its major altcoin peers...
Further Bitcoin Volatility Ahead? Here’s What Options Markets Say About the BTC Price Outlook
16.3.2023
Bitcoin looks set to finish Wednesday’s session broadly unchanged in the mid-$24,000, handing market participants some much-needed time to catch their breath after a hectic seven days of price action. This time last week, Bitcoin had just dropped back under $22,000 for the first time in over three...
Today in Crypto: Europol Closes ChipMixer & Seizes BTC 1909, 'Surge in Cold Storage & ETH Layer 2 Usage' Post-FTX, Synalcom & Qori Enable Crypto Transactions for 20K Businesses in 'One Action'
15.3.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Europol Closes ChipMixer & Seizes BTC 1909, 'Surge in Cold Storage & ETH Layer 2 Usage' Post-FTX, Synalcom...
Bitcoin and Crypto Aren’t the Same & BTC Could Replace Gold if This Happens – Expert
15.3.2023
An Argentinian bitcoiner and blockchain industry insider has claimed that Bitcoin (BTC) and crypto should not be equated – and has explained that BTC could one day surpass gold as a trading commodity.
Speaking to the media outlet Rio Negro, Maximiliano Carjuzaa, the founder of Money On Chain...
Bitcoin (BTC) retraced below $25K: Right time to invest?
15.3.2023
Bitcoin surged to a nine-month high as investors got the expected CPI data that bolstered Federal Reserve will slow the interest rate hike. Yesterday, after the announcement of the Consumer Price Index (CPI), Bitcoin jumped to $26K. The CPI rose 0.4% in February, which was the expectation of...
On-chain Indicators Scream Bitcoin Bull Market as the BTC Price Roars Back
15.3.2023
Bitcoin’s latest resurgence, which saw the world’s largest cryptocurrency by market capitalization hit a new nine-month high in the mid-$26,000s on Tuesday, has been accompanied by a number of key technical and on-chain indicators roaring back to health and once again send a bullish...
Investors Dumped a Record Amount of Bitcoin Last Week, Only to Miss Out on a Face Ripping Rally
14.3.2023
Digital asset investment products saw their highest-ever weekly outflow last week, according to the latest Digital Asset Fund Flows Weekly Report released by CoinShares. The $255 million in net outflows amounted to 1.0% of total assets under management (AuM) fleeing from the space....
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“Oversold” Bitcoin Bounces From 200DMA & Realized Price – Where Next for BTC as Bank Crisis/Fed Tightening Jitters Rock Sentiment?
11.3.2023
After falling another 1% on Friday to take its week-to-date losses above 10%, Bitcoin (BTC) is now oversold, according to the widely followed 14-Day Relative Strength Index (RSI) indicator. BTC/USD was last changing hands in the $20,100s, having dipped as low as the $19,500s earlier in the session...
Bitcoin Options Market Turns Most Bearish on Short-term BTC Outlook This Year as Prices Slump Towards $20K
9.3.2023
In wake of Bitcoin’s latest slide below the $21,000 level on Thursday as traders mull headwinds including a growing liquidity crisis amongst major crypto-friendly banks and ongoing macro headwinds as the US Federal Reserve signals risks, Bitcoin options have turned their most pessimistic on...
Largest Creditor of Bankrupt Mt. Gox Exchange to Hold Onto Returned Bitcoin – Huge Selling Pressure Averted?
9.3.2023
In another installment of the bankruptcy proceedings related to defunct cryptocurrency exchange Mt. Gox, the Mt Gox Investment Fund, the largest creditor of the failed platform, is not planning to sell the tokens that it is to receive later this year.
A person familiar with the fund’s activities...
Deadline Looms: Mt. Gox Bitcoin Exchange Creditors Must Register Repayment Method by March 10 – Here's the Latest
8.3.2023
A deadline for when creditors to the collapsed bitcoin (BTC) exchange Mt. Gox can register their payment method to receive claims is coming up on Friday this week.
The registration deadline was previously set to January 10, but has later been postponed to March 10....
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Bitcoin’s Correlation to US Stocks is Fading – Why That Could Be a Good Thing for the BTC Price
8.3.2023
The positive correlation between the Bitcoin price and US stock prices, which reached a record high in 2022, is fading. The Bitcoin bulls will be hoping that this decoupling bodes well for Bitcoin, given it might mean that the US stock market’s ongoing struggles might be becoming less of a headwind...
Key Indicator of Bitcoin Market Profitability Turns Bearish – Here’s What That Means for the BTC Price
7.3.2023
A key indicator of profitability in the Bitcoin market just turned negative, a bearish sign according to some analysts. In wake of Bitcoin’s latest price dip back to the $22,000 area, the 30-day Simple Moving Average of the average Spent Output Profit Ratio (aSOPR) recently fell back below 1,...
Bitcoin to Sub-$20,000 Next? Here’s What Options Markets Say About the BTC Price Outlook
7.3.2023
Cryptocurrency markets have slipped on Tuesday in tandem with US stock prices as US yields and the US dollar rise in wake of hawkish commentary from US Federal Reserve Chairman Jerome Powell at the first day of his semi-annual testimony before the US Congress on Tuesday....
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Bitcoin Miners Prepare for Upcoming Difficulty Increase in the Face of Market Uncertainty
6.3.2023
Bitcoin (BTC) miners are preparing for another difficulty adjustment this week, as the computational power required to mine new coins reaches its highest level ever.
The next difficulty adjustment, which is expected to occur on Friday March 10, will take the difficulty level from 43.05 T to 44.46...