Everyone’s Giving Up On Bitcoin? Crypto Exec Says That’s Exactly Why It Will ...
The crypto market looks beaten down again, but one veteran investor says that may be the exact signal to stay calm. Related Reading: Bitcoin’s Grip Holds — But Signs Of Weakness Are Piling Up: Analyst Bitwise Chief Investment Officer Matt Hougan believes Bitcoin’s deep sell-off — now dragging prices below $102,000 for the first time since the last five months — is more about panic than fundamentals. Retail Sentiment At ‘Max Desperation’ Hougan told CNBC this week that small traders are hitting a breaking point. “It’s almost a tale of two markets,” he said, describing what he....
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Reports have disclosed that crypto entrepreneur and Tron founder Justin Sun moved a sizable amount of Ethereum into a liquid-staking service this week. Related Reading: Everyone’s Giving Up On Bitcoin? Crypto Exec Says That’s Exactly Why It Will Rise According to on-chain data, about 45,000 ETH — worth roughly $154.5 million at the time — was shifted from the lending protocol Aave into the Lido Finance staking pool. The transfer was public and traceable on the blockchain. It drew quick attention because of its scale and timing. Sun’s Public Wallets Grow The funds had been sitting on....
With the holiday season now in full gear, gift-giving is just around the corner. Due to the seemingly insurmountable challenges that the world faced this year, gift cards are going to be in high demand and at the top of everyone’s wish list. Also, it so happens that there’s a sudden surge in interest surrounding bitcoin and cryptocurrencies once again. For the influx of new users who want to use their cryptocurrencies for holiday shopping, […]
BlackRock’s head of crypto, Robbie Mitchnick, says the gravitational center of Bitcoin’s market structure has shifted decisively from miner issuance to exchange-traded fund demand—and that’s why classic four-year “halving cycles” should command far less attention than they used to. In a Bankless interview released November 10, Mitchnick argued that the ETF era is now the […]
It’s important to remember the part played by over-the-counter (OTC) bitcoin trading platforms like LocalBitcoins — they often reveal interesting things about Bitcoin’s place in the world. LocalBitcoins Volume Getting Higher. Kaiko tracks data from LocalBitcoins as well as all other exchanges, and we’ve compiled all that information into the first....
The world is upside down. Is bitcoin stable now? Or is everything else extremely volatile all of a sudden? As the planet descends into chaos, bitcoin remains in a weird limbo that’s uncharacteristic of the asset and doesn’t seem to end. That’s both what it feels like and what the stats say. In the latest ARK Invest’s The Bitcoin Monthly report, they put it like this, “bitcoin finds itself in a tug of war between oversold on-chain conditions and a chaotic macro environment.” Related Reading: ARK Invest: Despite The 9 Red Candles, “Bitcoin’s Fundamentals Remain Strong” What about the....