Don’t worry, Bitcoin will be fine, even with BTC dropping 13% in 8 hours: The evidence is in the data.
Key Takeaways Recent drops in Bitcoin prices illustrate that volatility remains a factor in the era of spot BTC ETFs, as leverage and liquidity troubles amplify losses. Liquidations soared to $5 billion due to issues with the portfolio’s margin system, underscoring risks linked to illiquid collateral assets. Market dynamics indicate that traders are cautious, affected […]
Bitcoin ETFs Reach Over $5 Billion in Inflows, Experts Anticipate $150K BTC Value
Bitcoin’s Quarter Outlook: Institutional Interest Grows Bulls seem to be gearing up to drive Bitcoin prices higher this quarter as institutional investors have shown a strong interest in cryptocurrencies throughout October. This month alone, Bitcoin exchange-traded funds (ETFs) have experienced net inflows exceeding $5 billion. By October 9, these funds had accumulated approximately $197 million, […]
Bitcoin Billionaire Arthur Hayes Suggests the BTC 4-Year Cycle Has Ended
Arthur Hayes on Bitcoin’s Future and the End of the Four-Year Cycle Arthur Hayes, a well-known figure in the crypto space, continues to advocate for the idea that an increased money supply will favor Bitcoin. He also suggests that the typical four-year cycle for major cryptocurrencies might be history. In a recent blog titled “Long […]
Bitcoin Billionaire Arthur Hayes Believes the BTC 4-Year Cycle Has Ended
Simply put Crypto investor Arthur Hayes thinks the established four-year cycle of Bitcoin is over. He claims that an increase in the money supply will favor various assets. Interestingly, Hayes has previously described his optimistic forecasts as “pretty shitty.” Arthur Hayes, a prominent figure in the crypto world, maintains that a growing money supply will […]
Dorsey and Lummis Advocate for Bitcoin Tax Relief as Block Grows BTC Payments
Simply put Jack Dorsey, the founder of Block, recently tweeted about the need for a minimal tax exemption on regular Bitcoin transactions, prompting a response from Senator Cynthia Lummis, who stated, “We’re working on it.” Lummis has encouraged supporters of the tax exemption to reach out to their representatives. This exemption was part of broader […]
Bitcoin surpasses $120K as on-chain data suggests a new BTC accumulation phase.
Key Takeaways Bitcoin is likely to surpass the $120,000 mark as it alleviates sales pressure from long-term holders. Short-term holders are absorbing losses, leading to a more stable market signal. Neutral long-term holder flows can potentially trigger a significant breakout. Bitcoin (BTC) has crossed the $120,000 threshold for the first time since mid-August, which indicates […]
A Inactive Bitcoin Wallet Transfers 400 BTC After Over Ten Years
Significant Bitcoin Movement Detected This week, a transfer of about 400 BTC to new addresses caught attention. As per Blockchain Tracker, the coins are sent in various transactions, often in batches of 15 BTC. In total, this amounts to around $44 million, based on current market prices. Origin of the Funds It appears these coins […]
Price forecasts for September 29: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE
Market Update: Bitcoin and Altcoins Key Points: Bitcoin could challenge the $117,500 level if buyers manage to maintain a daily range above $114,000. Altcoins are expected to see a relief rally, though they might encounter significant selling pressure at higher levels. Bitcoin (BTC) showed continued recovery, crossing $114,000 on Monday, suggesting strong buying interest from […]
The ethical argument for Bitcoin: How BTC stops the war machine
Adam Livingston discusses Bitcoin (BTC), highlighting its capped supply, decentralization, and neutrality. He argues that Bitcoin could help mitigate the consequences of war by eliminating the government’s ability to fund conflicts through inflationary practices, which act as hidden taxes. He references the 20th-century world wars as pivotal moments that led to the establishment of central […]
A Bitcoin strategic reserve could harm BTC and USD, according to a crypto executive.
Establishing Bitcoin Nationwide Haider Rafique, the global managing partner for government and investor relations at Crypto Exchange OKX, has raised concerns about the potential negative impacts on BTC and the US dollar as governments prepare to establish Bitcoin on a national level. In a discussion with Cointelegraph, Rafique pointed out that since the government holds […]