The cryptocurrency market cap was around $1.24 trillion as Bitcoin price reclaimed the $28,500 level, with crypto poised to end the first quarter of 2023 higher. BTC price was up 24% in the past 30 days, and 83% up year-to-date. Crypto analyst Rekt Capital says Bitcoin is poised for a historic quarterly close, which could …
Key Takeaways Bitcoin volatility is the highest point since July 2022 Liquidity is extremely thin which is pushing volatility higher and accentuating price moves $4.2 billion of options expire Friday, with bull set to profit following the recent surge up to $28,000 Yesterday, I wrote a piece looking at how the correlation between Bitcoin and …
Bitcoin volatility rising as $4.2 billion options set to expire Friday Read More »
Key Takeaways Bitcoin had deviated slightly from stocks over the last couple of weeks Correlation has bounced back since Tech-heavy Nasdaq continues to trade in lockstep with Bitcoin as investors in both asset classes look to shifting expectations around interest rates It’s been an odd few weeks in the market. The banking wobbles over the …
Bitcoin correlation with stocks rises again, normal service resumed Read More »
On-chain profit metrics have picked up as the Bitcoin price has risen Net realised profits have been positive for 17 days, the longest streak in a year 74% of the Bitcoin supply is in profit, three months after it dipped below 50% after FTX collapsed and the Bitcoin price fell towards $15,000 Volatility has picked …
17 straight days of positive realised profit for Bitcoin, the longest streak in a year Read More »
The three German scientists formed ZeroSync Association to bring Zero-Knowledge Proofs to Bitcoin. The association has received sponsorship from Geometry Reaserch and StarkWare Industries. Geometry Reaserch is a crypto investment firm while StarkWare Industries is the software company behind StarkNet. Bitcoin currently uses the proof-of-work (PoW) consensus mechanism which in a way limits its scalability. …
3 German computer scientists bringing scalability to Bitcoin using zk-proofs Read More »
Key Takeaways Federal Reserve hikes 25 bps, Bitcoin drops over 6% Bounceback in prices follow, however, as market bets on rate cuts down the line Bitcoin originally fell to $26,700 and is now back at $27,700 Tight monetary policy appears to be coming to a close, which is exactly what Bitcoin investors want to hear …
Bitcoin slides off Fed meeting before bouncing back, but what next? Read More »
Key takeaways Bitcoin is trading above the $28k level for the first time since June 2022. Coinjournal’s Dan Ashmore believes that the interest rate forecasts are responsible for the ongoing rally by Bitcoin and other cryptocurrencies. Many in the market still consider the recent banking crisis as the reason why investors are entering the crypto …
Bitcoin is rallying due to interest rate forecasts, says Coinjournal’s Dan Ashmore Read More »
Magic Eden has launched the first fully audited Bitcoin NFT marketplace. The marletplace has integrated two non-custodial wallets to support seamless transactions. Magic Eden now supports NFT marketplaces for Solana, Ethereum, Polygon and Bitcoin. Cross-chain NFT platform Magic Eden has added to the impetus around NFT Ordinals on Bitcoin by launching a fully audited Bitcoin …
Bitcoin is outperforming commodities and gold so far in 2023, with BTC showing a 10x outperformance of the precious metal. Mike McGlone, a senior macro strategist at Bloomberg Intelligence, says Bitcoin could be in a new super cycle. He earlier noted BTC above $25,000 demonstrated the cryptocurrency’s divergent strength. Mike McGlone, a senior macro strategist …
Macro strategist says Bitcoin could be in a supercycle Read More »
Key Takeaways Long-term holders continue to sit on their Bitcoin stashes Two-thirds of the supply has not changed hands in the last year, despite rampant volatility and a collapse of the Bitcoin price Over half the supply has not moved in 2 years or longer “Supply squeeze” is a seductive phrase thrown around among Bitcoin …
Over two-thirds of the Bitcoin supply has not moved in a year Read More »
