Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms…
Bitcoin is in consolidation mode after one of its largest quarterly gains on record. All signs suggest that there’s still more upside left in this bull run, but according to a fractal found during the last major market cycle, a sudden sweep of lows is possible before bulls regain control. Here’s what to expect for…
Ethereum co-founder Vitalik Buterin has published a cryptic tweet, which at first glance could cause further uncertainty in the crypto community. Referring to rumors of a possible bankruptcy of Genesis Trading and its parent company Digital Currency Group (DCG), Buterin wrote that “I’m hearing through the grapevine that something important is about to happen.” Buterin…
Scott Melker, a cryptocurrency analyst and advocate has pointed out a massive inflow into Bitcoin following the approval of BTC Spot Exchange-Traded Fund (ETF). Bitcoin Might Be Poised For $570 Million Inflow The crypto analyst shared his projections with the entire cryptocurrency community on the social media platform X (formerly Twitter). Melker proposed that $570…
Bitcoin’s open interest has surged past $11 billion for the first time in over two years. This uptick comes when the world’s most valuable coin surges, recently easing past $51,000, the highest level since December 2021. Bitcoin open interest | Source: Kaiko on X Surging Open Interest And Order Book Imbalance According to Kaiko, a…
Bitcoin (BTC) Spot Exchange-Traded Funds (ETFs) are currently in the limelight as the products have seen massive net inflows in the past few days than in the initial weeks of introduction, dominating the market of crypto investment products. Bitcoin ETF Inflows Surges In The Last 4 Days Thomas Fahrer, the co-founder of Bitcoin tracking platform…
The state of the Grayscale Bitcoin Trust (GBTC), the largest BTC trust in the world, has sparked concerns among investors in the space. With such a large discount to net asset value (NAV), there have been discussions on where the fund goes from here and if it is in trouble. Valkyrie Investments has now joined…
Embattled crypto lender Genesis Global Capital has continued to ramp up efforts to pay up creditors after filing for bankruptcy protection in January 2023. As part of these efforts, Genesis has now reportedly sold off the entirety of its Grayscale GBTC holdings to acquire a substantial amount of Bitcoin in order to implement its repayment…
The Bitcoin market is currently experiencing a turning point, largely driven by recent trends in Bitcoin exchange-traded funds (ETFs). Yesterday, Bitcoin’s price rose above $43,000, a movement closely tied to changing dynamics in ETF inflows and outflows, particularly involving the Grayscale Bitcoin Trust (GBTC). On January 29, (Bitcoin ETF Day 12), a notable shift occurred.…
Bitcoin has an incredibly scarce supply of just 21 million BTC. This supply was just slashed in half with the asset’s halving.An institutional focused investment firm that was previously absorbing as much as two-thirds of the newly mined BTC supply, is now buying up as much as 150% of it. Is this a sign that…