Bitcoin Dumps On Geopolitical Shock Again: History Shows How This Might Play Out
Bitcoin has reacted as expected to the conflict between the United States and Iran, continuing a pattern that has always appeared during previous geopolitical escalations. Crypto prices are digesting the latest developments, and analysts are comparing the current price structure to similar moments in 2022 and 2023, when Bitcoin initially sold off before staging strong […]
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Polygon (MATIC) has once again landed a big name. Casio Computer Co., Ltd. has unveiled its plans to launch the virtual G-SHOCK project, an interactive user community aimed at bridging the gap between the iconic G-SHOCK line of shock-resistant watches and its global user base. This initiative will see the distribution of 15,000 limited-edition G-SHOCK […]
Bitcoin is hovering around $70.000 in a relatively tight range, slightly dropping today to $69.3000. Price action looks more like consolidation rather than stress or capitulation. Related Reading: Crypto Analysts Warn: Traders Misreading The Clarity Act Could Miss The Real Opportunity Bitcoin Remains Resilient Amidst Geopolitical Unrest Today’s QCP Market Colour reports Bitcoin’s resilience against a macro backdrop that continues to be tenuous, especially in comparison with traditional risk assets. Renewed tensions in the Middle East, oil trading with a geopolitical premium, and a fragile....
Crypto pundit Cobb has explained why a supply shock could be imminent for XRP. This follows the launch of two ‘33 Act XRP ETFs, including Bitwise’s fund, with more set to launch next week. Why XRP Could Soon Witness A Supply Shock In an X post, Cobb declared that a supply shock is coming for […]
The "Whales Supply Shock" metric has been pretty accurate in detecting Bitcoin market tops. Bitcoin's (BTC) biggest investors have been lately upping their reserves in sync with the ongoing price recovery, one Glassnode metric suggests.Dubbed as "Whale Supply Shock," the on-chain indicator represents the ratio between the amount of Bitcoin held by "whales" and "fishes." Whales represent addresses that hold between 10,000 BTC and 100,000 BTC, while fishes are those that hold anything between 0.001 BTC and 1,000 BTC.A rising Whale Supply Shock reading indicates a higher degree of....
A leading market expert argues that most investors misunderstand what would need to happen for an XRP supply shock to unfold. The analyst stressed that a true supply shock is driven by measurable XRP absorption, with early signs showing how quickly tokens are removed from circulation relative to how quickly they return. How A Real […]