Tag: Report

Cathie Wood’s Ark Invest: Bitcoin’s Fundamentals Remain Strong as Short Term Holders Show Signs of Capitulation – Report

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Ark Invest’s “Bitcoin Monthly” May Report shows fundamentals are stronger than ever for Bitcoin. According to the report, 66% of Bitcoin’s supply has not moved in over a year. Short-term holders appear to have already capitulated, with their positions dropping 35% over breakeven price. The impact of Terra’s UST & Luna collapse on Bitcoin appears to be contained.  Ark Invest’s “Bitcoin Monthly” report authored by CEO Cathie Wood and other ARK Invest analysts provides a crypto market summary and details of relevant on-chain activity. According to the report, ‘hodlers’ are…

Report Reveals Terra Holders Liquidated Their Holding When Crash Started

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The Terra LUNA crash last month sent many investors back in their returns. The crypto market generally crashed the previous month, but the 80% deep dive in Terra wasn’t funny. The panic by the investors to pull out of the crypto crash intensified the fall of many coins. Generally, the crypto market suffered a loss estimated at $400 billion in a few days. Surprisingly, a new report has emerged showing that while the Whales were dumping their holdings, the retailers were busy buying up Terra. According to the Terra investor…

BTC Gains Prior to NFP Report, Following a Cross of Moving Averages – Market Updates Bitcoin News

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Bitcoin was once again trading above $30,000, as markets were anticipating the release of May’s non-farm payrolls report. Whilst BTC was back in the green, ETH continued to trade lower, and as of writing is below $1,800. Bitcoin Following a drop in price on Thursday, BTC was back in the green on Friday, as traders were preparing for the release of the non-farm payrolls report. After adding 428,000 jobs in April, markets are expecting 325,000 jobs to be added to the U.S. economy in May. The speculation on what this…

Daily Pump & Dump | June 2, 2022 Crypto Market Report: BTC, ETH, ICP

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The daily pump & dump is a weekday update on the crypto market providing you with an abbreviated breakdown of price action related to Bitcoin, Ethereum, and other trending altcoins.  Today’s summary: Bitcoin retests $30,000 after a rejection. Why is Ethereum lagging behind the rest of crypto? ICP posts insane intraday rally. Bitcoin Retests $30,000, Can The Key Level Hold? Bitcoin price was fiercely rejected from resistance at $32,000, sending the cryptocurrency back to retest support at $30,000. The fall took BTCUSD daily to the middle-Bollinger Band – which is a…

Alleged Hydra Administrator Refuses to Provide Access to His Crypto Wallet, Report Claims – Bitcoin News

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A Moscow court has ordered the seizure of the crypto wallet of one of the alleged administrators of darknet market Hydra. Media reports reveal, however, that the man — who was arrested in Russia in mid-April — is refusing to share access to his presumed crypto stash with Russian law enforcement. Investigators Fail to Obtain Hydra Market Operator’s Cryptocurrency The Russian judiciary wants to confiscate what it believes to be a record amount of cryptocurrency from a drug dealer’s crypto wallet, the business daily Kommersant reported this week, quoting a…

South Korean Government to Form Digital Assets Committee in Response to Terra Collapse: Report

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