Day: December 23, 2023

Bitcoin Whales Do $2.2 Billion Selloff, But BTC Stays Strong

boss

On-chain data shows Bitcoin whales have sold $2.2 billion worth of BTC in the past week, but price has continued to hold strong so far. Bitcoin Whales Have Distributed Around 50,000 BTC In Past Week As pointed out by an analyst in a post on X, the BTC whales have been participating in some selling over the past week. The relevant indicator here is the “Supply Distribution” metric from the on-chain analytics firm Santiment, which tells us about the total amount of Bitcoin that the different investor groups are carrying…

New coin being considered an alternative to stagnant XRP 

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Experts say XRP might surge above $1 in 2024 New coin being explored by investors Market analysts want investors to consider new meme coin due to its presale performance. XRP recently fell despite positive market developments. Accordingly, market analysts are exploring options and are considering a new meme coin whose presale is ongoing. The big question is: can this new coin outshine XRP? XRP dips despite integration with Uphold’s self-custody…

Traders Employ Hedging Tactics, Bloomberg Unveils

boss

As the long-awaited deadline for a positive or negative decision on spot Bitcoin ETF applications approaches, Bloomberg reports that the BTC options market is seeing increased hedging activity as traders prepare for a crucial decision on January 10th. The report indicates a surge in open interest for put options expiring on Jan. 12, suggesting that market participants are taking steps to mitigate potential losses in the event of a negative verdict by the US Securities and Exchange Commission (SEC) regarding these index funds holding the cryptocurrency.  Market Readies For Bitcoin…