Bookmarking Crypto Insights
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JPMorgan analysts have raised concerns about the sustainability of the $12 billion year-to-date inflow into crypto assets, given the current high bitcoin prices relative to production costs and gold. The substantial inflows this year have been primarily driven by spot bitcoin exchange-traded funds (ETFs). However, much of this inflow represents a shift from crypto wallets … Read more
As of June 15, U.S.-listed bitcoin miners have reached a record market capitalization of $22.8 billion, according to global investment bank JPMorgan. This surge is led by significant gains in stocks like Core Scientific, Terawulf, and Iren. The overall sector market cap has increased by 24% since the end of May, partly due to a … Read more
Wallets holding 10 or more Bitcoin have collectively reached their highest level of holdings since two years ago. This milestone comes in the wake of significant changes in the cryptocurrency market, including a remarkable 226% increase in Bitcoin’s market value. Speculation abounds that FTX was actively suppressing cryptocurrency prices in the second half of 2022. … Read more
Digital asset investment products have seen substantial outflows totaling $600 million, marking the most significant withdrawal since March 22, 2024. According to Coinshares and lead researcher James Butterfill, this exodus is attributed to a hawkish Federal Open Market Committee (FOMC) stance, leading investors to reduce their exposure to fixed-supply assets like bitcoin. Coinshares Flow Report … Read more
Bitcoin is facing intense selling pressure, but charts suggest strong support at $64,500 and again at $60,000. Go to Source
Bitcoin exchange inflows increase with little relief in sight for those eyeing a BTC price renaissance. Go to Source
Over the past week, bitcoin has declined by 4% against the U.S. dollar from June 9 to June 16, 2024, yet it has surged over 152% in the past year. This year, bitcoin has maintained a position above the $60,000 mark for a record-setting 107 days so far. Bitcoin’s Resilient Streak: Maintaining Highs Amid Market … Read more
While the crypto market experienced a general decline, with bitcoin dropping 5.6% and ethereum falling 4.4%, roughly six crypto tokens managed to stand out over the past week. Weekly Crypto Report: Bitcoin and Ethereum Drop, Numerous Tokens See Major Losses As of this writing, the global crypto market capitalization stands at $2.39 trillion, reflecting a … Read more
As of June 17, 2024, Bitcoin is trading at $65,805, with a 24-hour intraday range between $65,518 and $66,992. The cryptocurrency market is displaying notable volatility, as evidenced by significant trading volume and fluctuating price levels. Bitcoin Bitcoin’s 1-hour chart reveals a clear downward trend following a recent peak, with key resistance and support levels … Read more
Bitcoin flirts with the lower end of the stubborn BTC price trading range as traders strain to see signs of change. Go to Source