Bitcoin Recovery Stalls As HODLers Apply Selling Pressure

On-chain data shows that Bitcoin long-term holders have potentially been selling recently, something that may explain BTC’s continued bearish momentum. Bitcoin Exchange Inflow CDD Has Registered Huge Spikes Recently As an analyst in a CryptoQuant Quicktake post explained, old cryptocurrency tokens have recently been deposited in large quantities in centralized exchanges. The on-chain metric of interest here is the “Exchange Inflow Coin Days Destroyed (CDD).” A “coin day” refers to a quantity that 1 BTC accumulates after staying dormant on the blockchain for 1 day. When a coin that had…

Market Strategist Predicts 32% Stock Market Crash, How Will This Affect Crypto?

Peter Berezin, chief global strategist at BCA Research, has predicted that the stock market will experience a significant crash by 2025. His prediction is noteworthy, given the impact that a decline in the stock market could have on the crypto market. Market Expert Predicts 32% Crash In Stock Market Berezin mentioned in an interview that the S&P 500 will decline by 32% and drop to 3,750 by next year. He explained that this downtrend would occur due to a recession in the US, which he predicts could happen at year-end…

German Government Is Now out of Bitcoin, Arkham Data Shows

The German government has sold its entire bitcoin holdings, according to data from crypto intelligence firm Arkham. “The German government is now out of bitcoin,” the firm wrote. This divestment began in June, with funds transferred to exchanges and institutional services. German Government Divests All Bitcoin Holdings The German government has sold all its bitcoin […] Original

XRP Price Eyes Colossal 280% Breakout Amid CME Group Partnership

Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration…

6,400 Ethereum Mystery Move Sparks ETH Rally Talk Pre-ETF Nod

As more and more investors choose to keep their Ethereum assets frozen rather than actively selling them, the Ethereum ecosystem suddenly finds itself severely short of supplies. The second-largest cryptocurrency in the world could face serious challenges going forward depending on the planned behavior of market players. Related Reading Ethereum Supply Tightens Up The first sign of this supply gap came earlier this month when an unknown market player moved a staggering 6,400 Ethereum to the Beacon Chain depositor wallet. The Beacon Chain, which checks recently added blocks to the…

Arthur Hayes on Bitcoin’s Political Clout: Can Crypto Voters Influence the 2024 Election?

Arthur Hayes, co-founder of Bitmex, argues that the upcoming U.S. presidential election presents a unique opportunity for crypto advocates to leverage their voting power. With both major political parties vying for a narrow margin of swing voters, Hayes believes the crypto community could play a decisive role in determining the outcome. Arthur Hayes on Crypto’s […] Original

Bitcoin mining causing health issues in Texas residents

Texas is rapidly becoming a Bitcoin mining hub, butresidents of local towns are experiencing hearing issues, headaches, dizziness, and sleep disturbance.  The conflict between the economic interests of Bitcoin (BTC) mining in Texas and the quality of life of its residents is escalating, underscoring the need for comprehensive policy solutions. Texas is home to 10 out of the 34 major Bitcoin mines in the United States. In 2021, when China decided to crack down on Bitcoin mining, numerous mining companies like Marathon Digital and Hut 8 moved to Texas due…

Is $73,000 The Top For Bitcoin? Analyst Identifies Where BTC Is In This Cycle

In March, Bitcoin hit an all-time high above $73,000, sparking debates amongst market watchers and analysts about whether the cryptocurrency  has hit its top this cycle. However, a crypto analyst has provided an in-depth analysis of Bitcoin’s recent price movements and future outlook, suggesting that the pioneer cryptocurrency still has substantial upside momentum ahead.  Analyst Says Bitcoin Has Reached Second Early Cycle Top On July 11, a crypto analyst identified as ‘CryptoCon,’ took to X (formerly Twitter) to share insights into Bitcoin’s price movements based on the Relative Strength Index…

US Bitcoin ETFs Continue Inflow Streak, Funds Now Hold 4.47% of BTC’s Market Cap

The U.S. spot bitcoin exchange-traded funds (ETFs) experienced another day of net inflows on Thursday, marking five consecutive trading days of positive movement. The ETFs accumulated $78.93 million, with Blackrock’s IBIT leading by bringing in $72.09 million. U.S. Bitcoin ETFs Record Fifth Consecutive Day of Inflows Among the 11 spot bitcoin ETFs trading in the […] Original

Over $2.85 Billion Of $100,000 Transactions Processed

Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com,…