Bitcoin and altcoins could be en route to retest their recent strong support levels as bears try to extend the correction.
Category: Bitcoin
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Bitcoin entering most likely 2 weeks for new BTC price dip — Analysis
Bitcoin market inertia is dragging on, and a BTC price drop over the next fortnight would correspond to classic post-halving behavior.
The Non-Custodial Conflict: US Government Actions Stir Crypto Community Concerns
Over the past two days, there has been a notable uptick in concern within the crypto community regarding the U.S. government’s actions toward non-custodial wallets, which facilitate the sovereign storage of crypto assets. Recent events have fueled a widespread belief that a targeted campaign against non-custodial wallets is now underway. Debate Over Crypto Wallet Regulation […]Bitcoin bull market may return after $1.4T US liquidity spike — Prediction
Bitcoin and crypto may still have a friend in U.S. treasury secretary Janet Yellen if liquidity comes roaring back to the economy next week, says Arthur Hayes.
Brazilian Neobank Nubank Introduces New Crypto Wallet Features for Bitcoin, Ether and Solana
Nubank, a Brazilian neobank, has introduced new features for its cryptocurrency customers. The Sao Paolo-based organization recently enabled deposits and withdrawals of bitcoin, ether, and solana in its cryptocurrency service, broadening the use cases of its platform. Before, the company only allowed users to purchase, hold, and sell cryptocurrency assets. Nubank Enhances Cryptocurrency Features: Opens […]‘No ETF Has Ever Done Anything Close’ — Analyst Highlights Record GBTC Outflows, Surpassing All ETFs
While Blackrock’s spot bitcoin exchange-traded fund (ETF), IBIT, experienced a continuous influx for 71 days before halting this week, Grayscale’s Bitcoin Trust (GBTC) holds the record with 72 consecutive days of outflows, surpassing all other ETFs on record. “No ETF has ever done anything close to that,” observed Eric Balchunas, Bloomberg’s senior ETF analyst, on […]Bitcoin price risks 1-week lows as US GDP sparks ‘stagflation’ woes
Bitcoin traders remain unfazed while BTC price action follows stocks downward on the back of surprise U.S. macro data.
Despite Runes’ Transaction Dominance, Bitcoin Miners See Continued Revenue Drop
According to recent data, transactions linked to the Runes protocol have been notably high in block utilization since its implementation on April 19. Figures from April 23 show that transactions involving Runes accounted for 81% of block usage on that day. In contrast, traditional financial activities constituted only 18.8% of the transactions processed. As Runes […]Bitcoin short liquidation risk surges as BTC price dips under $64K
Liquidation levels form an increasingly large cloud above BTC spot price as Bitcoin rests near $64,000.
Bitcoin Sees Upsurge To $67,000 Amidst Whales’ Accumulation
Bitcoin experienced a notable upsurge in the past 24 hours, reaching a high of $67,000, buoyed by strong support from key whale tier holders with holdings ranging from 1,000 to 10,000 BTC. 🐳 #Bitcoin’s key whale tier holding 1K-10K $BTC are supporting this rise, and have now accumulated 266K more $BTC since the start of 2024. This translates to an accumulation of 1.24% of the entire supply. The crowd is also showing a high degree of #FOMO. https://t.co/fNSTOERzXo pic.twitter.com/qaJmQJfFca — Santiment (@santimentfeed) April 24, 2024 These whales have steadily accumulated an additional 266,000 BTC since the beginning of 2024, amounting
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