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Grayscale’s Bitcoin Trust Discount to NAV Narrows Sharply to a 16.59% Gap


Grayscale’s Bitcoin Trust, known as GBTC, has witnessed a significant shift in its market dynamics. In January 2023, GBTC traded at a significant 48.31% discount to its net asset value (NAV). Today, that gap has narrowed to 16.59%, indicating changes in market sentiment and presenting...

Bitcoin, Ethereum Technical Analysis: BTC Bulls End a 5-Day Losing Streak


Bitcoin ended a five-day losing streak on Friday, as the cryptocurrency appears to have found an interim price floor. This comes as traders continued to react to yesterday’s U.S. inflation report, which remained unchanged at 3.7%. Ethereum also edged marginally higher, following its...

Biggest Crypto Gainers Today on DEXTools – LYNX, BOND, PB


Blue chip crypto markets are in consolidation mode on Friday as traders continue to digest this week’s barrage of hot US inflation readings and mixed commentary from the US Federal Reserve. Bitcoin (BTC) was last trading flat in the $26,700s and Ether (ETH) just under $1,550, down in the region...

River Report: Bitcoin’s Lightning Network Grew by 1,212% in 2 Years


A recent report published by River, a Bitcoin technology and financial services company, has revealed that the Lightning Network, a scaling layer for Bitcoin, has grown by 1,212% in two years. River’s estimation comes from examining operators of nodes comprising 52% of the public capacity...

Here’s How the Latest Hot US CPI Numbers Impacted Crypto Markets


Hotter-than-expected US Consumer Price Index (CPI) inflation numbers did little the shift sentiment in the crypto market on Thursday. Bitcoin (BTC) was last trading just under $26,700, just to the north of its 50-Day Moving Average (DMA), which appears to be offering support for now, but still...

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