Grayscale halts GBTC inflow after record 15% discount
Just a few days after GBTC traded at a 15% discount to its BTC equivalent, Grayscale Investments has temporarily closed the trust to investors. Go to Source Powered by WPeMatico
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Pro traders avoid Bitcoin longs while cautiously watching DXY strengthen
Large corporations are buying Bitcoin at an accelerating pace, but pro traders are reluctant to open BTC longs while the dollar index strengthens. Go to Source Powered by WPeMatico
Want to be rich? Bitcoin’s limited supply cap means you only need 0.01 BTC
In 10 years Bitcoin’s finite supply will be nearly exhausted, meaning holders might only need 0.01 BTC to become filthy rich. Go to Source Powered by WPeMatico
What Ethereum killer? On-chain data shows competitor networks are still behind
Critics say Ethereum’s soaring gas fees will cause the project to fall victim to its competitor blockchains but on-chain data suggests otherwise. Go to Source Powered by WPeMatico
99% gone in 60 seconds: How a Polkadot trader may have crashed DOT futures
Polkadot (DOT) futures at Binance flash-crashed by 99.5%, potentially generating an $8.3 million profit for the ‘trader’ if they used this clever strategy. Go to Source Powered by WPeMatico
Ethereum gas fees drop as daily DEX and DeFi volumes decline
Ethereum fees have pulled back from their recent highs alongside a decline in DeFi transaction volumes but the rise of NFTs could push transaction costs back to new highs. Go to Source Powered by WPeMatico
Polkadot futures market flippens Litecoin as its open interest hits $573M
Polkadot raced past Litecoin to become the fourth largest futures market as its open interest reached $573 million this week. Go to Source Powered by WPeMatico
3 key Ethereum price metrics show pro traders are aiming for $2K ETH
Multiple data points show investors are strongly bullish on Ethereum price even after ETH’s recent 36% correction below $1,300. Go to Source Powered by WPeMatico
No, Goldman Sachs isn’t a bearish indicator for Bitcoin
The Bitcoin market is a different beast compared to late 2017 when Goldman Sachs balked at launching its crypto trading desk. Go to Source Powered by WPeMatico
Key Bitcoin price indicators signal bulls bought the $43K restest
Bitcoin’s recent 26% drop sent weak hands running for the hills but derivatives data shows BTC’s setup is still bullish. Go to Source Powered by WPeMatico