The leading cryptocurrency asset has remained a strong contender for different companies’ treasury strategy, now recognized globally within the corporate world. With rising uncertainty in major economies due to various political and macroeconomic conditions, BTC remains a “safer” alternative, at least for now. Another Player in The Game An AI-focused firm headquartered in Japan, listed…
Galaxy CEO Mike Novogratz has predicted that Ethereum (ETH) could outperform Bitcoin (BTC) in the coming 3 to 6 months. During a Thursday interview with CNBC, the executive revealed that market conditions increasingly favor ETH’s upside. Corporate Interest and ETF Flows “I think Ethereum probably has a lot of chance to outperform Bitcoin in the…
CryptoQuant CEO Ki Young Ju has declared that the long-standing Bitcoin (BTC) cycle theory is “dead,” and has issued a public apology for his earlier bearish predictions. Ju, once a proponent of cycle-based forecasting, where he advocated buying when whales accumulate and selling when retail floods in, acknowledged that “the pattern no longer holds” amid…
Another volatile and eventful week passed by in the cryptocurrency markets, but the overall sentiment is that the winds are changing as altcoins have emerged in the spotlight. This is mostly because bitcoin has started to lose traction. Recall that the primary cryptocurrency skyrocketed to a new all-time high at the beginning of last week…
The Bitcoin exchange-traded funds (ETFs) market is expanding and raking in billions of dollars in capital. Despite this growth demonstrating rising adoption of the leading digital asset, finance guru Robert Kiyosaki believes ETFs are for the average investor. Unfortunately, Kiyosaki thinks it is unwise to remain an average investor because such market participants are restricted…
The Hash Ribbons signal, which began flashing on June 25, has now completed. This points to a potential shift in Bitcoin’s mining and price cycle as the leading crypto asset saw a steep decline of 3% over the past day. Hash Ribbons End After Miner Stress According to the latest analysis shared by CryptoQuant, the…
Bitcoin’s price tumbled by more than four grand in the past 12 hours or so amid reports that Mike Novogratz’s Galaxy Digital has initiated a substantial sell-off for roughly $1.5 billion in BTC. The move south has harmed over-leveraged traders, with nearly 150,000 such market participants getting liquidated on a daily scale. BTCUSD. Source: TradingView…
On-chain data analyzed by the market intelligence firm CryptoQuant has revealed that retail Bitcoin players are almost nowhere to be found amid the latest rally. Larger investors, however, are driving the surge. According to the report, this cycle is different from previous ones because retail investors are selling, while large players are buying. Retail Investors…
Bitcoin’s consolidation has been extended, with the price hovering around the $120K price range. A break below the $116K support is expected, likely pushing the price down toward the $111K region. Technical Analysis By ShayanMarkets The Daily Chart Bitcoin’s price consolidation continues just below its all-time high of $123K, hovering between the $116K and $120K…
Bitcoin (BTC) and Ethereum (ETH) holders on Binance are showing signs of strong holding behavior. This, however, contrasts with the profit-taking patterns seen on OKX. Behavioral Divergence Between Binance and OKX Users According to new data shared by CryptoQuant, as Bitcoin traded near $120,000 this week, OKX’s realized price on user deposit addresses has jumped…