Tag: Data

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

Ethereum Up 12% In a Week, but Derivatives Data Suggests Caution

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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. Este artículo también está disponible en español. Ethereum is gradually regaining momentum after a recent correction, now trading above $1,700, reflecting a 12.2% increase over the past week. This recovery has drawn attention from analysts, who…

Bitcoin whales, pundits continued to stack throughout April, data shows

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The number of addresses holding more than a thousand Bitcoin has surged in April as whales continue to accumulate.  More than 60 new wallets holding over 1,000 Bitcoin (BTC) have appeared since early March, a signal of increasing whale activity.  The number of these whale wallets has increased from 2,037 in late February to hit a four-month high of 2,107 on April 15, according to Glassnode.  This has returned the metric to levels seen in two spikes in whale addresses in November and December, when crypto markets were surging following…