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While the fine print of the IMF credit facility deal states that the public sector will not acquire more bitcoin, El Salvador’s President Nayib Bukele has rejected this notion, asserting that these acquisitions will continue. But who is right? El Salvador’s IMF Credit Deal Fine Print Discussed: Are Bitcoin Purchases Forbidden? Controversy has arisen over … Read more
Bitcoin’s (BTC) market has been ruled by a long distribution phase, with the cryptocurrency’s Accumulation Trend Score staying under 0.5 for 58 consecutive days. This distribution has lasted long enough to start raising questions about what the big players in the Bitcoin market are up to, with the latest data indicating that they’re still mostly … Read more
On-chain activity in Bitcoin is at its highest since December 2024, as measured by the number of active addresses. And this is making many in the crypto community sit up and take notice, because when you get right down to it, active addresses are probably the best on-chain metric for trying to gauge what might … Read more
In a groundbreaking turn for Bitcoin and the wider cryptocurrency market, BlackRock, the world’s largest asset manager, has officially woven Bitcoin into the fabric of its $150 billion model portfolio strategy. The firm, which oversees trillions in assets around the globe, has included the iShares Bitcoin Trust ETF (IBIT) in its investment model with an … Read more
The cryptocurrency market has experienced its fair share of ebbs and flows, but the recent downturn in Bitcoin (BTC) and Solana (SOL) has sent shockwaves through the entire industry. While Bitcoin’s troubles are well-known, it is the meme coin sector that has taken a particularly hard hit this week. With the overall meme coin market … Read more
This week, the cryptocurrency market took a drastic downturn, with substantial declines in the prices of Bitcoin (BTC) and Ethereum (ETH), along with some major happenings that affected the wider ecosystem. The total market cap tumbled down 13.2%, landing at $2.917 trillion. The market leader, Bitcoin, didn’t fare too well either, as its value dropped … Read more
The last few weeks have seen a stormy cryptocurrency market, with high emotions generated during what some may consider Bitcoin’s most challenging week since the crash on August 5, 2024. We are still reeling from that downturn, and many of us in the crypto space are trying to sort it all out. And while we … Read more
Bitcoin ($BTC) has not been in oversold territory since August 2024. Historically, this has been a setup for some big moves. At least back in August, when Bitcoin was in similar oversold territory, it surged by an impressive 33%. With this latest dip, some are wondering if we’re going to see the same outcome this … Read more
The world’s foremost cryptocurrency, Bitcoin, recently saw its price drop under the $90,000 mark, causing a ripple of investor anxiety. IntoTheBlock’s data reveal that the dip has resulted in 12% of Bitcoin addresses now registering unrealized losses—an all-time high since October 2024. The market’s volatile character has made both short- and long-term holders a lot … Read more
The cryptocurrency market is still changing, but it remains clear that Bitcoin (BTC) is the dominant player. Bitcoin is most often leading the market in both kinds of movement—up in a rally or down in a correction. But other sectors like Artificial Intelligence (AI) tokens, Memecoins, Gaming tokens, and the Solana ecosystem have created their … Read more