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Grayscale’s GBTC Offloads $527M in Bitcoin as Spot ETFs Record Lower Trading Volumes; Other Funds Continue BTC Accumulation
25.1.2024
Based on the latest data, the recently introduced spot bitcoin exchange-traded funds (ETFs) experienced their lowest trading volume day since Jan. 11, 2024, recording roughly $1.28 billion in volume on Wednesday. Additionally, figures indicate that Grayscale’s Bitcoin Trust GBTC...
Crystal ball of crypto: Decoding Bitcoin’s price trajectory for year 2024
24.1.2024
The year 2024 is expected to be full of ups and downs for Bitcoin, or any other crypto, for that matter, considering the way the year started. BTC was once at a tally of $47,000. It is now down to ~$40,000 at the time of articulating this piece. Eleven months later, Bitcoin is expected to …
Indonesia's Crypto Tax Revenue Falls 63% in 2023 Despite Bitcoin's Surge
24.1.2024
The country's tax revenue in 2023 was substantially lower than 2022, when the tax regime was introduced
Grayscale’s 4K Bitcoin Transfer, Blackrock CEO Favorable on Bitcoin, Ripple’s XRP Ousted, and More — Week in Review
21.1.2024
Grayscale stirred speculation by transferring 4,000 bitcoins, while Blackrock CEO Larry Fink endorsed bitcoin as “digital gold,” surpassing government influence. In regulatory news, Ripple’s XRP was removed from Hong Kong Virtual Asset Consortium’s top crypto index....
Spartan Group’s Report Reveals Bitcoin’s Untapped Potential via Emerging Layers
20.1.2024
A new report details how Ordinals and other layer-two innovations can reshape Bitcoin’s role in the digital economy, moving it beyond just a store of value. New Report Outlines How Bitcoin Can Evolve to a Multi-Layered Ecosystem The “Bitcoin Layers” report, produced by...
Whale Watch — $2 Billion in Bitcoin Awakens, Shifting From Long-Term Hibernation
17.1.2024
Arkham Intelligence reports that approximately $2 billion worth of bitcoin, stored in five distinct addresses, experienced movement on Jan. 16, 2024, for the first time since their initial deposit in 2019. Each of these addresses obtained their funds from wallets established on Jan. 15, 2019...
Why 2024 Will Be Bitcoin's Year
17.1.2024
ETF approvals and a halving set for April will change the supply-and-demand dynamic of bitcoin, likely sending the price higher, says John Stec at Global X
Bitcoin's ‘De-Dollarization’ Narrative Loses Ground As USD Tightens Its Grip on International Transactions
17.1.2024
The crypto market's de-dollarization expectations look premature as the greenback remained the preferred currency in international transactions in 2023
After the ETF: Bitcoin’s Coming Power Struggle
16.1.2024
The approval of Bitcoin ETFs last week sets up a potential fight between Bitcoin Maxis and giant Wall Street institutions, says Michael Casey
Bitcoin’s Ordinal Inscriptions Soar Beyond 55 Million, Achieving Third Highest Daily Record
16.1.2024
Following the weekend, the tally of Ordinal inscriptions on the Bitcoin blockchain surpassed 55 million. Notably, on Jan. 13, 2024, the blockchain witnessed its third-highest day of inscriptions, settling an impressive 477,751 inscription-based transactions on Saturday. Additionally, from...
Bitcoin's 'Sell The Fact' Pullback Came From Binance, OKX: Kaiko
16.1.2024
The cumulative volume delta (CVD) indicator show traders from Binance have led the so-called "sell-the-fact" pullback in bitcoin
BRC-20 Inscription Growth Key for Bitcoin’s Continued Dominance in 2023 – Binance Research
15.1.2024
The cryptocurrency market witnessed a remarkable recovery in 2023 with a staggering 109% year-over-year (YoY) surge. However, what captured the attention of the Binance Research team was the notable growth of the BRC-20 token standard throughout the year. In their 140-page report, the research...
Bitcoin’s Monthly Winning Streak Ends as ETF Excitement Fades
15.1.2024
Bitcoin posted its worst streak in about a month after the US Securities and Exchange Commission approved spot Bitcoin (BTC) ETFs. The leading cryptocurrency remained highly volatile in the past few days, ultimately trading little changed at $42,655 as of now. The recent decline marked the longest...
Bitcoin's Technicals Suggests Deeper Pullback to $38K: Analyst
15.1.2024
Bitcoin's RSI divergence signals correction, 10x Research said
BlackRock Buys Over 13 Days of Bitcoin Production: A Sign of Supply Shortage?
15.1.2024
In its recent entry into the spot Bitcoin exchange-traded fund (ETF) market, BlackRock has purchased over 11,400 Bitcoins, prompting speculation of supply issues. According to InvestAnswers, BlackRock bought 11,439 Bitcoins following the official launch of their spot Bitcoin ETF. This amount...
Altcoin Season Index Signals Arrival — Top Tokens Eclipse Bitcoin’s Market Performance
14.1.2024
According to the Altcoin Season Index from blockchaincenter.net, an indicator signaling the arrival of the so-called ‘altcoin season,’ the time has indeed come for altcoins. This metric essentially demonstrates that 75% of the leading 50 altcoins have outperformed bitcoin in the past...
Opening Vintage Caches — $28 Million in Dormant Bitcoin Stir From 2010-2017 Wallets
14.1.2024
Recent data reveals that so-called ‘sleeping bitcoin’ wallets, established from 2010 to 2017, transacted about 659.14 bitcoins, valued at approximately $28.26 million, during the initial fortnight of this year. A significant portion of this activity originated from wallets created...
Unveiling Bitcoin Reserves — A Deep Dive Into Holdings of 6 New Spot Bitcoin ETFs
14.1.2024
In the initial forty-eight hours following the launch of the United States’ first spot bitcoin exchange-traded funds (ETFs), data has emerged regarding the number of bitcoins held by these funds. Currently, Blackrock stands at the forefront among all funds, Grayscale’s GBTC excluded...
USDT and Dogecoin (DOGE) Holders Buying Massive Amounts Of New ICO Token — May Follow Bitcoin’s 20000% ROI Yields
14.1.2024
Heavy ‘pocketed’ Tether (USDT) and Dogecoin (DOGE) holders are continuing to move in droves to buy a new ICO token, that’s a new Bitcoin alternative. It’s better than the $BTC by many’s point-of-view because it’s on Bitcoin-Blockchain’s top rival...
Grayscale’s 4,000 Bitcoin Transfer Worth $175M Stirs Market Speculation Amid Record ETF Trading Volume
13.1.2024
Recent blockchain analytics reveal that 4,000 bitcoins, valued at approximately $175 million, have been transferred from addresses believed to be controlled by Grayscale’s Bitcoin Trust, commonly referred to as GBTC. Records indicate that these transfers occurred in four separate batches...