$15.5K retest is more likely, according to Bitcoin futures and options
Bybit launching a $100 million fund and Binance’s proof of reserves might have marked the cycle low at $15,500. Go to Source Powered by WPeMatico
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Disaster looms for Digital Currency Group thanks to regulators and whales
Regulators failed to regulate, and venture capital firms invested without conducting the proper due diligence. Go to Source Powered by WPeMatico
Onchain Analysis Verifies the Number of BTC Held by Grayscale’s Bitcoin Trust
After Grayscale Investments shared information concerning the company’s product holdings, people questioned why the firm wouldn’t share the public addresses associated with the crypto assets it holds. However, on Nov. 23, OXT researcher Ergo published a Twitter thread featuring onchain forensics that confirm Coinbase Custody holds a balance of 633K bitcoin that likely belongs to … Read more
Here’s why $16.5K is critical for November’s $1.14B Bitcoin options expiry
BTC bulls were liquidated during the drop to $15,500 on Nov. 21, and more downside could occur if bears profit $245 million during Friday’s expiry. Go to Source Powered by WPeMatico
BTC price holds $16K as analyst says Bitcoin fundamentals ‘unchanged’
Bitcoin sentiment is the worst one analyst has ever seen as BTC price action holds its own into Thanksgiving. Go to Source Powered by WPeMatico
Coinbase CEO Says Company Holds 2 Million Bitcoin, Reminds People Firm’s ‘Financials Are Public’
According to Coinbase CEO Brian Armstrong, as of Sept. 30, 2022, the company holds 2 million bitcoin worth $39.9 billion. The news Armstrong shared comes at a time when the general public is looking directly at exchange balances following FTX’s turbulent collapse. Coinbase Co-Founder Shares Company’s Q3 Shareholder Letter — Says as of Sept. 30, … Read more
Could a Grayscale Bitcoin Trust collapse be the next black swan event? Watch The Market Report
On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss the potential collapse of the Grayscale Bitcoin Trust and its implications on the market. Go to Source Powered by WPeMatico
Cathie Wood’s ARK Invest adds more Bitcoin exposure as GBTC, Coinbase stock hit new lows
ARK Invest scoops up bargains as Coinbase shares hit all-time lows and GBTC trades at a near-50% discount to the already suppressed Bitcoin spot price. Go to Source Powered by WPeMatico
Data shows traders are slightly bullish even as crypto’s total market cap falls under $800B
The total crypto market cap has dropped under $800 billion, but data highlights a few reasons why some traders are bullish. Go to Source Powered by WPeMatico
GBTC next BTC price black swan? — 5 things to know in Bitcoin this week
Bitcoin price rumors abound as GBTC comes in for a dose of cold feet thanks to FTX. Go to Source Powered by WPeMatico