So far, the supply of Bitcoin (BTC) held on exchanges has recently seen a significant decrease, reaching levels last observed in February 2018. This trend underscores a developing pattern in the crypto market – traders and investors preferring to secure their digital assets outside of these platforms. Data from the blockchain intelligence firm, Santiment, confirms…
The Bitcoin and crypto market faces the most important event of this week and probably the entire month of June today with the Federal Open Market Committee (FOMC) meeting of the US Federal Reserve (Fed) at 2:00 pm EST (release of the interest rate decision) and the following press conference at 2:30 pm EST. For…
Despite the recent flood of major news in the crypto sector, one topic is more hotly debated than any other at the moment: Is Binance selling Bitcoin on the spot market to prop up the Binance Coin (BNB)? NewsBTC already reported yesterday that the rumor emerged after crypto trader “JW” drew attention to eye-catching data.…
Despite the recent flood of major news in the crypto sector, one topic is more hotly debated than any other at the moment: Is Binance selling Bitcoin on the spot market to prop up the Binance Coin (BNB)? NewsBTC already reported yesterday that the rumor emerged after crypto trader “JW” drew attention to eye-catching data.…
Ethereum is finding itself in a very dangerous position, with its fate possibly in the hands of the US SEC: Is it a security, or is it a commodity? Is it decentralized enough? While the industry figures itself out, it is now or never for an ETHUSD rally, or there is heightened risk of a…
Uniswap Labs has announced the release of the draft code for Uniswap v4, the next iteration of the popular decentralized exchange (DEX) protocol. Uniswap v3 was a watershed moment for on-chain liquidity and Decentralized Finance (DeFi), processing over $1.5 trillion in trading volume since its release two years ago. However, as technology and markets evolve,…
Binance.US has submitted its defense before the June 13 hearing to determine the freezing of its funds. Binance.US criticized the Securities and Exchange Commission’s (SEC) motion for a temporary restraining order, describing it as draconian and unduly burdensome. The exchange also voiced opposition, arguing that the proposed measures would place excessive restrictions and “effectively end”…
The Bitcoin and crypto market may have received yet another bullish narrative from China. As reported by Bloomberg, the country is mulling a major stimulus package to kick-start an economic recovery following the rebooting of the economy after the restrictive Corona measures. In light of Hong Kong’s recent opening to cryptocurrency trading by retail investors,…
Despite the recent downturn in the cryptocurrency market, there are positive signs for Bitcoin’s (BTC) future. One key indicator is the Puell Multiple, which suggests a bullish continuation for Bitcoin despite the recent dip. Crypto Con, a well-known cryptocurrency analyst, has closely monitored the Puell Multiple and identified two key factors that point to a…
Despite the carnage and chaos all across the crypto market due to recent US SEC-related enforcement actions, Ethereum has just given a bullish buy signal. On weekly timeframes, ETHUSD has formed a golden cross, but will it be enough to give the asset class a glimmer of hope amidst such darkness? Let’s take a closer…