Day: January 29, 2024

A Roadmap To Next Rally?

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Bitcoin advocate and CEO of Jan3, Samson Mow, has pinpointed a range of macroeconomic indicators that could signal an impending rally for Bitcoin. Mow focuses on exchange-traded inflows (ETF), Bitcoin’s Hashrate, and whale activity on prominent exchanges like Bitfinex. The Jan3 CEO also mentioned the 200-week moving average (WMA) in forecasting Bitcoin’s trajectory. The recent data shared by Cypherpunk on X highlighting significant whale accumulation on Bitfinex further supports Mow’s Bitfinex whale indicator, suggesting an increased interest from large-scale investors in the flagship crypto. This is some great alpha from…

Invesco Cuts Bitcoin (BTC) ETF Fee In a Bid to Lure Investors

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…

What Are The Top 8 DeFi And Web3 Wallets To Use In Crypto?

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In this article, we will explore the finest Web3 and DeFi wallets that offer substantial advantages to crypto users. While Web3 wallets and DeFi wallets share a strong connection, it’s important to understand their distinctions. By highlighting the top wallets in both categories, we aim to provide users with valuable insights into the wallets that can enhance their Web3 and DeFi experiences. Web3 wallets are specifically crafted to engage with decentralized applications (DApps) on blockchain networks, empowering users with the essential tools to securely oversee their digital assets and participate…

Renowned Crypto Expert Reveals Top 3 Altcoins Ready To Breakout In February 2024

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A prominent crypto analyst and Bitcoin enthusiast, Michael Van de Poppe, has shared insights on the future trajectory of several altcoins in the space. The crypto analyst’s predictions highlight crucial moments for investors as they watch out for opportune times to buy and sell cryptocurrencies in this dynamic market.  Altcoins Set To Rise In 2024 Following the approval of Spot Bitcoin ETFs, Bitcoin experienced a substantial surge, rallying to overcome the $45,000 price mark. During this bullish momentum, the prices of several altcoins, including Ethereum (ETH) and Solana (SOL), also…

Google ends five-year ban on crypto ads, as Bitcoin ETF ads pop up

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BlackRock and VanEck have started advertising campaigns for its spot Bitcoin ETFs on Google, as its previously announced ad policy update took place today.  For the first time in five years, Google has opened its extensive advertising network to specific crypto-related offerings, notably the newly introduced spot Bitcoin ETFs. This marks a notable change from the company’s stance in March 2018, when it, alongside Facebook, banned cryptocurrency-related advertisements. The ban was widely interpreted as a precaution against the increasing number of scams associated with the crypto sector. Bitcoin ETF ads…

Su Zhu Recommends Prison for All, in an Attempt to Rebuild a Reputation

As a product of Phillips Academy, Columbia University and Credit Suisse, Zhu helped grant legitimacy to crypto by putting his reputation on the line and founding a trading shop. He climbed to the top of an industry that holds little respect among the type of peers he went to private boarding school with, and vice versa, an industry that values hustle and gumption and independent thinking, but above all prizes the ability to make money. Source

Selling Pressure Subsides As Grayscale Sends 8.6K Bitcoin To Coinbase, Falling Below Average

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In the third week of January, Bitcoin (BTC) demonstrated a modest 3% price recovery, following increased selling pressure exerted by asset manager Grayscale since January 12.  Interestingly, there are indications that this selling pressure is now diminishing, pointing towards a potential restart of the bullish trend that Bitcoin has been experiencing since October 2023. Grayscale’s Resumed Selling Spree As previously reported, since the approval of the Bitcoin spot exchange-traded fund (ETF), Grayscale has deposited a significant sum of 103,134 BTC ($4.23 billion) into Coinbase Prime as of January 25.  However,…

Taproot Wizards Debut Sale of Bitcoin NFTs ‘Quantum Cats’ Marred by Tech Issues

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…

Bitcoin back at $43k, BlackRock’s BTC ETF volume closes in on GBTC

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Nearly three weeks after the SEC approved spot BTC ETFs, an expert says BlackRock’s fund may outpace Grayscale in trades. Bitcoin (BTC) retook the $43,000 mark and grew over 2% in a single day shortly after trading hours opened in the U.S. on Jan. 29. BTC’s trading volume also surged nearly 20% in 24 hours as crypto’s largest token aimed to erase losses suffered following a 10% drop on Jan. 22 when Bitcoin fell under $40,000. Bitcoin price | Source: CoinMarketCap At the time, the sharp decline was attributed to…