Crytocurrency
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Market Analysis -
6 months ago
Bitcoin’s (BTC) positive trading momentum has persisted this week, with a notable 5% gain in the last 24 hours, bringing its value close to the $30,000 mark, according to data from CryptoSlate. Over the past week, the leading digital currency h...
Crytocurrency
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Market Analysis -
6 months ago
Bitcoin’s (BTC) price could surge to as high as $56,000 if the U.S. Securities and Exchange Commission (SEC) approves BlackRock’s application for a spot exchange-traded fund (ETF), per an Oct. 19 research note by Matrixport shared with Cr...
Crytocurrency
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Market Analysis -
6 months ago
A recent report by Chainalysis has cast doubt on sensationalized claims regarding the use of cryptocurrency by terrorist organizations for financing.
In the wake of a recent terrorist attack by Hamas in Israel, the report aims to correct misconceptio...
Crytocurrency
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Market Analysis -
6 months ago
The movement, or lack thereof, of Bitcoin in the market can provide significant insights into the behavior of investors and the overall health of the market. When there’s little movement of Bitcoin, it often indicates a robust holding sentiment...
Crytocurrency
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Market Analysis -
6 months ago
The Lightning Network, a second-layer (L2) solution built atop the Bitcoin blockchain, has drastically changed the way the crypto market perceives transaction speeds and costs.
Designed to address the scalability issues of Bitcoin, it facilitates ins...
Crytocurrency
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Market Analysis -
6 months ago
The financial world relies heavily on indicators to gauge market sentiment and predict future trends. Among these, the Volatility Index, commonly known as the VIX, stands out as a prominent measure of market anxiety.
Originating from the Chicago Boar...
Crytocurrency
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Market Analysis -
6 months ago
Grayscale’s Bitcoin Trust (GBTC) has become a crucial instrument in the cryptocurrency world since its launch by Grayscale Investments. As one of the pioneers in providing a bridge between the traditional investment landscape and the nascent cr...
Crytocurrency
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Market Analysis -
6 months ago
The discount on Grayscale Bitcoin Trust (GBTC) has reached its lowest point this year, currently standing at 16.58% as of Oct. 12, per data from Coinglass.
This narrowing discount is closely linked to the impending deadline for the U.S. Securities an...
Crytocurrency
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Market Analysis -
6 months ago
One of the foundational concepts of Bitcoin is the Unspent Transaction Output, or UTXO. Every Bitcoin transaction results in the creation of these UTXOs, which represent a piece of Bitcoin that can be spent in future transactions. When you send or re...
Crytocurrency
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Market Analysis -
6 months ago
The distribution of Ethereum’s supply speaks volumes about market sentiment, potential price movements, and ecosystem health. Knowing which addresses — be they whales (massive holders), sharks (substantial holders), or shrimp (small holders) — own ho...
Crytocurrency
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Market Analysis -
6 months ago
At only 14 years old, Bitcoin’s novelty and volatility make it difficult to price day-to-day. However, as it matures into a new asset class, Bitcoin has become the subject of refined pricing and valuation techniques.
The realized price repr...
Crytocurrency
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Market Analysis -
6 months ago
A dormant Bitcoin (BTC) wallet, “17TZNT,” sprung to life after six years of inactivity, moving 2995 BTC, roughly $82.3 million, to two new addresses today, Oct. 10.
According to an image shared by blockchain security firm Peckshield, the...
Crytocurrency
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Market Analysis -
6 months ago
The Ethereum Foundation exchanged 1700 ETH on Uniswap for $2.738 million worth of USD Coin (USDC) today, Oct. 9., at an average price of $1,611, according to on-chain data.
In the trading day since, ETH saw its price tumble as low as $1,553 before se...
Crytocurrency
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Market Analysis -
6 months ago
Bitcoin’s hash rate represents the total computational power employed to mine and validate transactions on the network. Beyond merely representing the sheer computing prowess, the hash rate serves as a barometer for the network’s security and v...
Crytocurrency
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Market Analysis -
6 months ago
Ethereum (ETH) investment products struggled to record notable inflow despite the recent launch of several Ether futures-based exchange-traded funds (ETF) last week.
According to CoinShares’ latest weekly report, these ETFs’ attraction of...