Bitcoin’s price crashed hard in the past week, losing over twenty grand in just days and dropping to the lowest levels since mid-November 2024. Such a substantial price decline naturally brings the question of whether this is just another ‘normal’ dip or whether the bull market has been cut short. End of Bull Market Narrative…
The United States spot Bitcoin exchange-traded fund (ETF) market has crowned its six-day negative flow streak with the largest-ever single-day outflow of nearly $938 million. This record came as bitcoin (BTC) dumped below $87,000 to its lowest level since mid-November. Data from Farside Investors shows that almost every single spot Bitcoin ETF in the U.S….
Strategy, the Nasdaq-listed largest corporate holder of bitcoin, which rebranded last week, has resumed its accumulation spree after a weekly hiatus. Co-founder and former CEO Michael Saylor announced the latest purchase on X earlier today. $MSTR has acquired 7,633 BTC for ~$742.4 million at ~$97,255 per bitcoin and has achieved BTC Yield of 4.1% YTD…
February began on the wrong foot, even though it’s historically a highly positive month for bitcoin. This time, though, the cryptocurrency plunged last Sunday and Monday by $15,000 within days. Although the asset has failed to recover most of the losses since the end of January, the overall bullish sentiment remains strong on several fronts….
A rise in stablecoin deposits on exchanges is generally viewed as a sign of increased buying interest in cryptocurrencies. While USDC dominance has increased, the buying momentum in the US remains absent. Consolidation Predicted Amid Market Turmoil Lately, USDC issuance has grown significantly, resulting in a notable inflow of the stablecoin into exchanges. During this…
Since the United States presidential inauguration, overall bitcoin spot demand growth has slowed considerably. Spot demand growth is needed for BTC’s price to rally again; however, the metric has yet to make a comeback. A CryptoQuant report revealed that despite the lack of such an increase, large BTC investors have entered a reaccumulation phase and…
Bitcoin’s Futures Perpetual Funding Rate has surged to 0.035%, its highest since December 5, indicating heightened speculative interest. This trend has come as Bitcoin hit a new peak of over $109,000 on Monday, just hours ahead of Donald Trump’s presidential inauguration. The funding rate briefly turned negative earlier this month when Bitcoin was trading near…
With the current bull cycle possibly on its last legs, many crypto experts are optimistic that the leading cryptocurrency will attain never-before-seen heights before the end of the year. Blockchain analytics platform CryptoQuant revealed in its latest research that Bitcoin (BTC) could soar to a peak between $145,000 and $249,000. While stressing that institutional adoption…
Corporate Bitcoin investor MicroStrategy has announced a Special Meeting of Shareholders to address proposals that aim to advance its Bitcoin-focused 21/21 Plan while simultaneously streamlining capital-raising efforts. In a letter from the Executive Chairman, the company outlined three major agenda items to be decided during the meeting, which will be conducted virtually. MicroStrategy’s New Proposals…
Although the US Fed reduced the key interest rates by 25 basis points as expected, Jerome Powell made a couple of remarks that impacted the entire crypto market in a highly negative manner. The central bank’s Chair warned that the rate cuts for 2025 could be fewer after the three consecutive ones at the end…