Bitcoin demand growth is decelerating after a rally toward $112,000, with key indicators signaling a potential slowdown phase, according to a new Cryptoquant Institutional Insights report. Profit-Taking Dominates Futures Market Amid Bitcoin Slowdown Cryptoquant’s analysis reveals bitcoin spot demand continues expanding but at a sharply reduced pace. Apparent demand growth fell to 118,000 BTC over […] Original
Key Notes Norway will temporarily ban the establishment of new data centres that mine cryptocurrency. The authorities think this operation does not generate jobs or contribute to income for the local community. Cambridge reports that half of Bitcoin mining is powered by low-carbon or renewable energy sources. . Norway is considering a temporary ban on Bitcoin BTC $105 550 24h volatility: 1.0% Market cap: $2.10 T Vol. 24h: $23.08 B mining operations in its region. The authorities are concerned about the massive use of electricity and its impact on…
Following the lead of Strategy and Japan’s Metaplanet, Parataxis is bringing Wall Street’s Bitcoin treasury strategy to Korea with an $18 million takeover of Bridge Bio, signaling deeper institutional crypto penetration. In a press release on June 20, Parataxis Holdings LLC announced its acquisition of a controlling stake in Bridge Biotherapeutics for KRW 25 billion (about $18 million). The deal, pending shareholder approval, will see the biotech outfit rebranded as Parataxis Korea, a publicly traded, Bitcoin (BTC)-native treasury company listed on South Korea’s KOSDAQ exchange. Edward Chin, Parataxis’ founder, and…
DOT rebounded, gaining 4%, after dropping 3.67% to $3.464, where it found strong support, according to CryptoX Research’s technical analysis model. The move higher was on strong volume, the model showed. A bullish reversal pattern has formed with consecutive higher lows since the bottom, which suggests further potential upside, according to the model. In recent trading, DOT was 0.5% lower over 24 hours at around $3.57. The broader market gauge, the CryptoX 20, was 1.2% higher at publication time. Technical Analysis: DOT experienced a 3.67% correction from $3.596 to $3.464…
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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. The XRP price is currently trading well below $3; however, a crypto expert believes that in less than two years, this popular altcoin could enter the double-digit territory, marking a historic moment in crypto. The analyst…
Cryptocurrency is booming in South Korea, but beneath the surface, the surge is driven less by optimism than by the economic desperation of its younger generation, according to a local expert. Crypto exchange users in South Korea have surpassed 16 million, according to data from late March, after receiving a boost from US President Donald Trump’s election win last November. The figure represents over 30% of the country’s population. Still, recent comments at German Blockchain Week from Eli Ilha Yune, chief product officer at quantum machine learning startup Anzaetek, suggest…
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Bitcoin Cash price continued its strong uptrend today, June 20, soaring to its highest point since Dec. 7. Bitcoin Cash (BCH) has risen in the last five consecutive weeks to trade at $485, up 95% from its lowest level in April. The rally occurred in a high-volume environment, with the daily figure jumping 75% to $757 million. Most of this volume was on Binance and HTX. Similarly, the rally came as futures open interest soared to $600 million, the highest level this year. Most of the futures open interest was…
Bitcoin is trading at $105,971 to $106,032 over the last hour, with a market capitalization of $2.10 trillion and a 24-hour trading volume of $21.88 billion. During the past 24 hours, the price has fluctuated between $104,004 and $106,450, reflecting a narrow intraday range that coincides with ongoing technical indecision across broader timeframes. Bitcoin The […] Source CryptoX Portal