Investors Withdraw Nearly $4,000,000,000 Worth of Bitcoin From Crypto Exchanges Over Past Week, Says Analyst

A closely followed on-chain analyst says that investors are pulling out massive amounts of Bitcoin (BTC) over the last week. Popular analyst Ali Martinez says in the second week of December, market participants took out nearly $4 billion worth of BTC from crypto exchanges. Citing data from digital asset analytics firm CryptoQuant, Martinez details a steady downtrend in the overall balance of BTC on crypto exchanges. “Another 40,000 BTC were withdrawn from exchanges over the past week, totaling over $3.92 billion!” Source: Ali Martinez/X However, Martinez also says that Bitcoin…

Solana Investors Stay Firm As Selling Pressure Eases – Details

Solana (SOL) has been in the news over the last few weeks, albeit for different reasons. The popular altcoin was one of the many benefactors of a Donald Trump presidential victory, rising by 67.69% in three weeks after November 5 to reach a new-all time of $263.  However, this price surge has been followed by a gradual recorrection of 15.13% in the last two weeks. Albeit, recent data on investors’ behavior shows significant market optimism on the fifth-largest cryptocurrency. Solana ‘New’ Investors Buoyant On Bullish Future In an X post…

Should Investors Brace For A Market Shift?

Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…

Investors in Russia expect Bitcoin to peak at $160k this cycle: report

Despite Bitcoin’s recent surge past $100,000, investors in Russia doubt the crypto will hit the $200,000 mark anytime soon. Bitcoin’s (BTC) rise past $100,000 has sparked excitement, though Russian investors aren’t counting on it hitting $200,000 this cycle, according to analysts polled by Russia’s state news agency TASS. They estimate Bitcoin could climb as high as $160,000 but don’t see it doubling its current price anytime soon. As for the reason behind Bitcoin’s recent growth, analysts point to macroeconomic changes, such as the Federal Reserve’s rate cuts after a prolonged…

Institutional Investors Pour $376M Into Bitcoin ETFs; Ether Funds See $83M Boost

On Friday, U.S. spot bitcoin exchange-traded funds (ETFs) amassed inflows of $376.59 million, while spot ether funds raked in $83.76 million. Crypto ETFs Continue to Shine Throughout the week, the 12 spot bitcoin ETFs saw steady inflows daily, culminating in Friday’s impressive $376.59 million haul. Leading the charge was Blackrock’s IBIT, bringing in $257.03 million, […] Original

Bitcoin Sets New ATH Above $104,000, Yet Investors Don’t Want To Sell

Bitcoin has set a new all-time high (ATH) beyond the $104,000 mark during the past day, but on-chain data shows investors are still unwilling to sell. Bitcoin Exchange Netflow Has Remained Negative During Latest Rally As explained by an analyst in a CryptoQuant Quicktake post, Bitcoin has continued to leave exchanges recently. The on-chain metric of relevance here is the “Exchange Netflow,” which, as its name suggests, keeps track of the net amount of BTC that’s entering into or exiting out of the wallets attached to centralized platforms. When the…

Asset managers in US propose new Bitcoin ETFs to target cautious investors

Asset managers are turning to new derivatives-based Bitcoin ETFs to help cautious investors navigate the crypto’s notorious price swings. U.S. asset managers have filed plans with regulators to launch Bitcoin (BTC) exchange-traded funds that use derivatives to eliminate or at least minimize potential losses in an effort to attract cautious investors seeking exposure to the crypto market with reduced risk. According to a Financial Times report on Monday, Dec. 2, the proposals include a range of “buffered” and “managed floor” strategies, which reduce risks by protecting investors from big losses…

Bitcoin’s High Price Tag: Is It Alienating Retail Investors?

Bitcoin’s astronomical price rise shows the coin is now coasting along at $97,227 per coin on Sunday, Dec. 1, 2024, at 11:57 a.m. With a $100,000 milestone in sight, it’s been sparking questions about its appeal—or lack thereof—among retail investors. The Gold Standard Trap: Bitcoin’s Struggle With Retail Appeal Bitcoin (BTC) has reached unprecedented heights, […] Original

FOMO Alert: Robert Kiyosaki Warns Bitcoin’s $100K Break Will Lock out Middle-Class Investors

Robert Kiyosaki warns bitcoin will soon surpass $100,000, urging investors to buy now before the middle class is permanently priced out by the ultra-rich. ‘Bitcoin Will Soon Break $100,000,’ Robert Kiyosaki Urges Investors to Buy Now Rich Dad Poor Dad author Robert Kiyosaki is back with more advice, advocating for gold, silver, and bitcoin as […] Original