The introduction of U.S. Bitcoin spot ETFs has seen a significant influx of $12.3 billion in net inflows within just three months. This surge has left many wondering about the impact these ETFs have had on the broader Bitcoin market. Glassnode analyst James Check delved into this question by analyzing the effect of Bitcoin ETFs
Bitcoin
With the highly anticipated Bitcoin halving event approaching, investors in the cryptocurrency space are eagerly awaiting the potential market growth that may follow. However, seasoned cryptocurrency expert Benjamin Cowen has issued a cautionary note, suggesting that Bitcoin’s price may experience a correction following the halving. Cowen has identified a trend that indicates a possible decline
Renowned trading guru Peter Brandt has recently shifted his stance on Ethereum, offering intriguing insights into the market dynamics between Ethereum and Bitcoin. Despite his prior criticism of Ethereum as a “junk coin” and its supporters as “Etheridiots,” Brandt’s latest observation of a potential bear trap on the Ethereum-to-Bitcoin chart suggests a more cautious optimism.
Bitcoin has been consolidating over the past month, unable to sustain its rise beyond $73,000. However, Michael Van De Poppe predicts a surge in the short term, with the potential to reach $300,000 in this bull cycle. The upcoming Bitcoin Halving, set to happen in less than 12 days, is fueling optimism within the crypto
The article discusses the recent performance of Solana meme coins in the cryptocurrency market. It highlights that while Bitcoin and Ethereum have seen gains of around 4% and 7% respectively, Solana has only added about 1.7% to its value overnight. Furthermore, it mentions that Solana meme coins like DogWifHat, Bonk, BOOK OF MEME, and Jeo
Cardano (ADA) has recently reached a significant milestone by processing 88.6 million transactions to date. This achievement is crucial as it showcases sustained network activity, which can have a positive impact on ADA’s price. Additionally, with 1,353 projects actively building on the network, the ecosystem is set to expand further as new users join through
Bitcoin, the pioneer cryptocurrency, started the year 2024 on a high note, surging by a staggering 73% in the first quarter to hit a new all-time high price of $73,750. Despite a subsequent correction from this peak due to volatile price movements, major BTC stakeholders have continued to show a consistent pattern of accumulation in
The Bitcoin halving is a crucial event that occurs approximately every four years to slow down the creation of new BTC. This built-in mechanism aims to ensure that the last Bitcoin will be mined over a hundred years from now. The reduction in production speed, combined with constant or increasing demand for the asset, theoretically
Ethena Labs, the creators of USDe, have taken a significant step in scaling USDe’s supply by incorporating Bitcoin (BTC) as backing into their synthetic dollar-pegged offering. The decision to include BTC as a backing asset was strategically important as it aimed to leverage BTC’s superior liquidity and scalability for delta hedging, ultimately providing a more
Recently, there has been a significant increase in the number of short-term Bitcoin holders engaging in buying activities, with over 1.2 million BTC accumulated since December 2023. This surge in accumulation has caught the attention of market analysts, as it represents a departure from the traditional accumulation patterns seen in the cryptocurrency market. While whales