Tag: Data

Bitcoin Recovery Fueled By Almost $19 Billion In Crypto Inflows, Data Shows

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On-chain data shows the cryptocurrency market as a whole has witnessed capital inflows of nearly $19 billion while Bitcoin and others have gone through their recovery. Crypto Market Has Enjoyed Net Capital Inflows Over The Past Month In a new post on X, analyst Ali Martinez has talked about the latest trend in the capital inflows for cryptocurrencies. In the digital asset sector, capital mainly flows in and out through three asset classes: Bitcoin, Ethereum, and the stablecoins. The altcoins usually only see a secondary rotation of capital from these…

Bitcoin sell-off to $93.5K is a brief hiccup — Data still supports new BTC highs in 2025

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Key takeaways: Bitcoin price slips, but BTC dominance is on the rise. Sizable purchases by Strategy and the spot BTC ETFs highlight institutional investors’ appetite for Bitcoin. Bitcoin’s (BTC) price has dropped by 4.3% in the last three days after nearly reaching $97,900 on May 2. Despite showing resilience at the $94,000 level on May 5, some traders are disappointed that strong institutional inflows have not been enough to maintain bullish momentum. However, several encouraging signs suggest that a new all-time high for Bitcoin in 2025 remains within reach. Bitcoin…

Bitcoin data, macroeconomic charts point to new BTC all-time high ‘in 100 days’ — Analysts

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Key Takeaways: Bitcoin network economist Timothy Peterson raised Bitcoin’s (BTC) chances of hitting a new high in 100 days, and he maintains an optimistic outlook in 2025.  In an analysis shared on X that ties BTC’s price action to the CBOE Volatility Index (VIX) —an indicator that measures 30-day market volatility expectations — the analyst pointed out that the VIX index has dropped from 55 to 25 over the past 50 trading days. A VIX score below 18 implied a “risk-on” environment, favoring assets like Bitcoin.  Peterson’s model, which had…

Bitcoin Breaks $97K as Markets Defy Weak Employment Data

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Jobless claims surged at the end of April according to fresh data from the Department of Labor, but both traditional and crypto markets still rallied Thursday morning. Markets Rally: Bitcoin Hits $97K Even as Jobs Data Disappoints The number of unemployed Americans filing for jobless benefits swelled to a seasonally adjusted 241,000 for the week […] Original

Bitcoin eyes gains as macro data makes US recession 2025 ‘base case’

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Key points: Bitcoin traders wait for signals of US economic policy loosening as data forces the Federal Reserve into a corner. Recession is more likely than not, sources say, amid rising unemployment and resurgent inflation. Bitcoin and risk assets should ultimately gain from a recession shock. Bitcoin (BTC) stands to gain as a US recession becomes the “base case scenario.” Fresh analysis from sources including trading resource The Kobeissi Letter makes grim predictions for the US economy and Federal Reserve. Fed’s “worst nightmare” gets real US economic health is due…

Bitcoin drops under $93K after US GDP data shows shrinking economy, raising recession alarms

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Key points:  US GDP shrank in Q1, raising recession alarms while also prompting calls for Fed rate cuts. Bitcoin dropped to $92,910 as GDP figures were released, but sustained buy-side demand could provide support.  Today’s crypto derisking is likely transitory; market fundamentals remain strong. Bitcoin (BTC) price took an abrupt tumble as data showed the US gross domestic product (GDP) retracting by 0.3% in Q1, raising alarms among analysts anticipating a recession. Following the news, BTC price dropped to an intra-day low of $92,910, while the DOW and S&P 500…

Vanar Chain tackles AWS-style outages with AI-powered data storage

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Vanar Chain, a layer-1 blockchain network, has launched a new artificial intelligence-powered compression and data authentication layer designed to address the industry’s longstanding issue with onchain storage. Vanar Chain is launching Neutron, an AI-native blockchain layer with data compression ratios of up to 500:1, which can reduce a standard 25 megabyte file to just 50 kilobytes, transforming it into a “Neutron Seed” that can be stored on the blockchain ledger. The new blockchain compression layer aims to solve the industry’s data storage issue, with traditional blockchains lacking the capacity to…

Labor pain, crypto gain — How weak JOLTS data sets path for Bitcoin price to rally

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Key points: Weak labor and consumer data often precede Bitcoin rallies, leading some analysts to anticipate future economic stimulus programs. Job openings fell to 7.2 million in March versus the 7.5 million forecast and consumer confidence hit its lowest level since January 2021. If past patterns hold, Bitcoin could rally by mid-July and possibly reach $140,000 by October 2025. Macroeconomic conditions have long been seen as a major influence on cryptocurrency prices. Generally, Bitcoin (BTC) and altcoins perform poorly when investors fear that employment and consumer data are weakening.  According…

Biometric Crypto ID Project World Launches Build Latam in Argentina, Unveils New Data Security Processes

World, the biometric cryptocurrency and ID project, has launched Build Latam in Argentina, a program aimed at empowering tech projects to leverage World’s services in their products. Martín Mazza, Tools for Humanity regional manager for Latin America, explained the new security measures the project has implemented to protect user data. World Launches Latam-Focused Incentives, Discusses […] Source CryptoX Portal