BTC may be bullish as it approaches $6.6 million, but it's not ready for a new all-time high, Cointelegraph reports. In addition to recession fears, China's USDT has traded lower against the dollar over the past two weeks, and there has been no change in the funding rate of BTC futures on the...
Checkmate, principal analyst at on-chain analytics firm Glassnode, told X: “Bitcoin's Sell Side Risk Ratio is one of the on-chain indicators of price tops. While social media is currently talking about BTC going above $1 million, current indicator levels point to the end of this cycle's uptrend,”...
Arthur Hayes, founder of BitMEX, wrote on his blog that he only made 2 out of 8 market predictions last year. That's a 25% success rate, which is pretty bad for a layman. We recognize that short-term predictions are difficult. However, I am confident in the volatility supercycle theory that...
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler appeared at a market conference and said the agency will “continue to work on revisions to the definition of exchange and alternative trading systems.” He did not directly mention cryptocurrencies or DeFi in his presentation. The...
Crypto on-chain analyst AmberCN reports via X that “the initial anonymous whale, which bought 21,636 ETH in 2016 at an average price of $6.9, has sold 10,485 ETH ($2,753) in the last five days. The whale has sold a total of 13,385 ETH to date, at an average selling price of $2,703.”
According to BeInCrypto, the personal information of approximately 13 million Binance users has reportedly been compromised. Names, email addresses, phone numbers, residency information, and more are believed to have been leaked via the dark web, the media outlet said, “but this has not been...
The number of wallets holding 1-100 BTC is on the decline, Cointelegraph reports, citing data from BitInfoCharts. The data shows the percentage change in BTC-holding wallets between October 1, 2023 (local time) and September 23, 2024. According to the data, wallets holding less than 0.0001 BTC...
Glassnode co-founders Jan Happel and Yann Allemann, who share an X account under the name Negentropic, wrote: “Altcoins are chasing Bitcoin's bullish momentum. The market is currently on the cusp of altcoin season, and this trend is likely to intensify as BTC breaks its all-time high (ATH) and...
With former Binance CEO Changpeng Zhao set to be released from prison on September 29th (local time), BeInCrypto reports that five altcoins are likely to see an uptick in value. BNB is one of the most prominent coins expected to see price movement following Zhao's release from prison. “BNB is...
During a hearing on the Securities and Exchange Commission (SEC) held by the U.S. House of Representatives' Financial Services Committee on March 18 (local time), Congressman French Hill criticized SEC Chairman Gary Gensler's approach to regulating cryptocurrency companies, saying that it is...
“The risks to upside inflation have declined, but the risks to a weakening labor market have increased somewhat,” said Fed Chair Jerome Powell in a post-FOMC press conference. “That said, our decision today reflects our confidence that labor market strength can be sustained. Over the past three...
Crypto data provider Alternative's self-estimated “Fear-Greed Index” rose four points from the previous day to 49. The improvement in sentiment moved the index from fear to neutral. The index indicates extreme fear in the market when it is close to zero, and extreme optimism when it is close to...
