Potential Trump victory and rising global liquidy may benefit crypto, analyst says
Macroeconomist Lyn Alden assesses the impact of the 2024 US presidential election outcome on Bitcoin and the broader crypto industry. Go to Source
Month: July 2024
Research Shows Institutional Custodians and ETFs Drive Significant Bitcoin Market Movements
The bitcoin market recently saw a significant sell-off, absorbing over 48,000 BTC from the German government. Amidst this and upcoming Mt Gox distributions, a report from Glassnode researchers explores how these sell-side forces and exchange-traded funds (ETFs) impact bitcoin’s price action. Glassnode Report Analyzes Sell-side Forces and ETF Impact on Bitcoin Centralized exchanges and ETF … Read more
Bitcoin analysts say 74K is the next stop for BTC price
Bitcoin could be gearing up for a rally to the $74,000 mark, but to confirm the move, it needs to reclaim the old all-time high of $69,000. Go to Source
Cryptoquant Insights Report: Seller Fatigue Suggests Bitcoin Price Bottom
Bitcoin prices may have reached a local low, as suggested by researchers at cryptoquant.com. The firm’s recent institutional insights report says large sellers appear to have depleted their selling power, and key valuation metrics point to potential positive price movement. Report Notes Seller Exhaustion in Bitcoin Markets, Despite Low Stablecoin Liquidity In the past week, … Read more
Monad’s $225M funding: Optimistic parallelization and MonadBFT insights
Monad Labs raised $225 million, led by Paradigm, pushing forward the discussion on parallelized EVM chains. Go to Source
Olympic-Themed Crypto The Meme Games Nears $150K in First Week of Presale
The Meme Games (MGME) is the latest project everyone’s buzzing about. It’s benefiting from the hype around the 2024 Paris Olympics and has raised almost $150,000 in the first week of its presale. With a hilarious design and some huge staking rewards on offer, no wonder investors are piling in while they can. Olympic-Theme Meme … Read more
Bitcoin hashrate drawdown hits bear market levels, but miners aren’t selling
Could miner capitulation signal that selling pressure is easing, or could it be the death spiral that takes Bitcoin out of its decade-long run? Go to Source
US Bitcoin ETFs Record Ninth Consecutive Day of Gains, Adding $53.35 Million
U.S. spot bitcoin exchange-traded funds (ETFs) achieved their ninth consecutive day of gains on Wednesday, amassing $53.35 million. Blackrock’s IBIT garnered $110.37 million in inflows, whereas Grayscale’s GBTC experienced $53.86 million in outflows. Blackrock’s IBIT Boosts Reserves to $21B Amid $110.37M Inflows On July 17, the 11 spot bitcoin ETFs recorded $1.79 billion in trade … Read more
Crypto Kings: Trends You Must Follow For Top Gains
There is something every investor must know about the crypto market. There are trends that one can follow to make huge profits. Professional investors are those who can recognize these trends and know when to follow them. Luckily, another crypto trend is here again. VeChain, BlockDag, Maker, and Angry Pepe Fork are the coins at … Read more
Bitcoin RSI points to more BTC price upside as a $65K battle rages
BTC price gains cool as a struggle for the Bitcoin short-term holder realized price unfolds, but analysis demands continuation. Go to Source