According to crypto data firm CryptoQuant, Bitcoin’s market capitalization could surge to $900 billion in 2024 if the SEC approves spot crypto exchange-traded funds (ETFs). In a new report, CryptoQuant estimated that this influx of institutional investment, even if just 1-2% of assets are allocated, could boost BTC’s market cap from current levels of around […]
Bitcoin’s share of the overall cryptocurrency market has risen to its highest point since April 2021, currently sitting at 52.45%. According to TradingView data, Bitcoin dominance has been trending up since breaking out of a months-long range between 38 and 48% in June. This move reversed altcoin gains made versus BTC in early 2021. Technical […]
As the world’s largest crypto exchange by volume, Binance is known for its liquidity depth during periods of market volatility. However, this reputation was challenged during Monday’s bitcoin price whipsaw. According to data from Kaiko, Binance saw a major liquidity contraction versus rivals like Kraken and Coinbase when false rumors of a BlackRock BTC spot […]
Bitcoin briefly traded higher Monday before retreating as the 10-year Treasury yield hit its highest level since 2008, underscoring the sway macroeconomic forces still hold over crypto prices. BTC hovered around $28,000, up about 3% during the U.S. trading session, before giving back gains. Meanwhile, Ethereum slipped to $1,670 despite the much-anticipated launch of Ether […]
Bitcoin (BTC) has surged past the $28,000 mark, marking its highest price point in over a month. This remarkable rally is attributed to several factors, primarily the growing optimism surrounding exchange-traded funds (ETFs) and the prevailing seasonal trends in the crypto market. The $28,500 level has historically played a pivotal role in Bitcoin’s price action, […]
In a recent revelation, Arkham Intelligence, a leading crypto data tracking platform, has uncovered a treasure trove of wallet addresses linked to Grayscale Bitcoin Trust’s holdings. The sheer magnitude of this discovery has left the crypto world buzzing with excitement and intrigue. The Magnitude of Discovery Within the confines of these 1,750 wallet addresses lies […]