Tag: Data

Google Trends Data Shows Bitcoin Search Interest Surged This Week Amid 10-Month Price High – Bitcoin News

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According to worldwide data from Google Trends, the search term “bitcoin” has reached a score of 93 out of 100 in the last seven days. Additionally, the price of bitcoin rose above the $30,000 range for the first time in ten months, or since June 2022. Bitcoin Search Interest Rises as Leading Crypto Asset Taps $30K On Tuesday, April 11, 2023, bitcoin’s price rose above the $30,000 mark for the first time since June 8, 2022. According to statistics from coinmarketcap.com, BTC’s dominance is currently over 47%, the highest it’s…

Crypto Exchanges Must Share User Data With Russia, Prosecutor General Demands – Exchanges Bitcoin News

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Digital asset exchanges must be obliged to provide user information to Russia’s law enforcement agencies, the country’s Prosecutor General has insisted. The circulation of cryptocurrencies in the Russian Federation needs to be regulated to counter money laundering, the official added. Cryptocurrency Exchanges Have to Report to Russian Authorities, Chief Prosecutor Says Crypto service providers should be required to register in Russia and exchanges obliged to share information about their users with Russian security services, according to the head of the nation’s Prosecutor General’s Office, Igor Krasnov. He also believes that…

Bitcoin rests at $28K as US jobs data boosts new Fed rate hike bets

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Bitcoin (BTC) showed little interest in moving higher at the April 7 Wall Street open as fresh United States macro data boosted bets on further interest rate hikes. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst: Fed will keep hiking “until something breaks” Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it drifted around $27,900 on Bitstamp. U.S. nonfarm payrolls figures, the main macro data focus of the week, came in slightly below expectations, indicating unemployment rising more slowly than predicted. This in turn raised market expectations that…

Europe’s digital ID wallet — Easy for users or a data privacy nightmare?

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On March 15, the European Parliament voted 418 to 103 (with 24 abstentions) in favor of negotiating a mandate for talks with the European Union member states about revising the new European Digital Identity (eID) framework and creating the “European Digital Identity Wallet,” also known as EUDI Wallet or EU wallet.  Citizen’s IDs, health cards, certificates and many other documents could soon be digitally stored in a smartphone application for EU citizens. According to an official statement from the European Parliament, the system would allow citizens to identify and authenticate…

Bitcoin is in the middle of accumulation, on-chain data shows

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In recent developments, multiple indicators by Glassnode suggest that bitcoin (BTC) is currently in an accumulation phase. Several on-chain data points have reached all-time highs (ATH), indicating increased interest and long-term holding among the investors. This metric measures the percentage of the total bitcoin supply that has not been moved for at least five years. The recent ATH of 28.513% implies that over a quarter of all circulating bitcoins have been held for over five years. This trend may suggest that many long-term investors are holding onto their assets, confident…

$30K BTC price target stays valid as ‘boring’ Bitcoin heads into US jobs data

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Bitcoin (BTC) stuck to a narrow trading range into April 7 as crypto analysts awaited the week’s main United States macroeconomic data. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $30,000 or $25,000 for Bitcoin? Data from Cointelegraph Markets Pro and TradingView confirmed another day’s ranging around $28,000 for BTC/USD. The pair had shunned volatility over most of the week, but now faced nonfarm payroll (NFP) numbers as a final potential catalyst for risk assets. “Expectations are that we’ll be seeing 3.6%, similar to last month. Based on the financial numbers…

Crypto Liquidity Providers Can Be Profitable by Considering Trade Volume, Volatility Other Factors, Data Firm Says

“First Mover” dove into the crypto markets ahead of Shapella, a portmanteau of Shanghai and Capella, two major Ethereum network upgrades expected to occur simultaneously on April 12. Victoria Bills, Banrion Capital Management Chief Investment Strategist, joined the conversation. Ronit Ghose, Future of Finance Global Head at Citi, explained why the potential of blockchain will be measured in billions of users and trillions of dollars in value. Plus, Komainu CEO Nicolas Bertrand discussed the cryptocurrency custody joint venture of Nomura, Ledger and CoinShares. Source

Latest Bitcoin price data suggests double top above $200K in 2025

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Bitcoin (BTC) is still on track to hit $180,000 in its next halving cycle, a longtime market participant says. In new analysis published March 3, Filbfilb, co-founder of trading suite Decentrader, doubled down on his bullish BTC price outlook for the years ahead. Filbfilb keeps faith in Bitcoin halving cycles With BTC/USD approaching $30,000, but traders highly suspicious of the 2023 rally, sky-high BTC price predictions have been poorly received. Two current $1 million forecasts, from ARK Invest CEO Cathie Wood and former Coinbase executive Balaji Srinivasan respectively, continue to…

Will Bitcoin break above $30K? New JOLTS data, weaker dollar boost chances

On April 4, the U.S. dollar index (DXY), which measures the greenback’s performance versus the basket of six leading foreign currencies, dropped by 0.5% after demand for workers in the world’s largest economy declined. BTC price eye breakout with dollar at 2-month lows Bitcoin (BTC) has grown 3.5% since to around $28,800, continuing its extremely negative correlation with the dollar. The BTC/USD pair now eyes a breakout at $30,000, a psychological resistance level, due to hopes that the greenback will weaken further in 2023. DXY vs. BTC/USD year-to-date returns and correlation…

Arbitrum FUD spooks the market, but on-chain data shows whales accumulating ARB

Arbitrum suffered a big blow during the April 1–2 weekend due to a conflict between ARB tokenholders and the Arbitrum Foundation on the allocation of 750 million ARB tokens worth around $900 million. Data from on-chain analysis firm Arkham Intelligence shows a transfer of $50.5 million out of the disputed allocation of 750 million ARB tokens. They shared with Cointelegraph: “Only 50.5 million of those tokens have been moved. 10 million tokens have been sent to be sold on exchanges, 40 million have been loaned to Wintermute and the remaining…