In-depth cryptocurrency market analysis. Expert insights on Bitcoin, altcoin price trends, technical indicators, and data-driven market predictions.
The Grayscale GBTC ETF saw net outflows of $192 million on its 12th trading day. This marks the lowest daily net outflow since the ETF was launched. "GBTC ETF outflows have been slowing over time," said Bloomberg analyst James Seifat. Meanwhile, Hunter Horsley, CEO of crypto asset manager Bitwise...
The number of new wallets on the Solana (SOL) network surpassed 10 million in January, according to data from The Block. This is the highest monthly number of new wallets since May 2022, and the upward trend has continued through the end of the month. "The recent increase in the number of new...
"If Bitcoin repeats its 2015 and 2016 movements, it will be bullish in February," Zcrypto reported on February 28 (local time), citing an analysis by an unnamed cryptocurrency analyst, Jelle. "In 2015 and 2016, Bitcoin saw four consecutive months of gains from September to December, followed by a...
"Ethereum rollups and the Layer 3 network, Validium, are the only way to scale Web3 to Internet scale," Polygon (MATIC) co-founder Sandeep Nailwal told X. "Scalability and interoperability will need to be addressed in the future. "The user experience and cross-chain compatibility issues (of Web3)...
Blockchain data analytics company Chainalysis has released a report showing that the amount of funds stolen by cryptocurrency platforms in security incidents dropped by more than 50% last year, but the number of incidents increased. According to the data, $1.7 billion was stolen from crypto...
"Bitcoin appears to be entering a redistribution phase," Jamie Coutts, a crypto market analyst at Bloomberg Intelligence, told X. "The beginning of a redistribution phase does not mean the end of a bull market. "The start of redistribution does not mean the end of the bull market. It marks a...
Crypto data provider Alternative's self-estimated "Fear-Greed Index" fell three points from the previous day to 49. The neutral phase was maintained. The index indicates extreme fear in the market as it approaches zero, and extreme optimism as it approaches 100. The Fear-Greed Index is calculated...
According to cryptocurrency options exchange Deribit, $3.7 billion worth of Bitcoin options will expire at 17:00 UTC on January 26. The put/call ratio is 0.51 and the max pain (the price at which the most options buyers lose premium) is $41,000. At the same time, $2.06 billion worth of Ethereum...
"The bitcoin payments market is expected to grow to $4.82 trillion by 2032," says a report released today by Indian market research firm Spherical Insights, according to cryptocurrency media watcher WatchGuru. "The bitcoin payments market was valued at $1.76 trillion in 2022 and is estimated to...
The market has a mixed outlook on the prospect of an Ethereum (ETH) spot ETF being approved, reports The Block, citing several crypto industry insiders. Matt Kunke, an analyst at crypto market maker GSR Markets Research, said: "Based on the optimistic outlook, including the Grayscale lawsuit...
"The U.S. Securities and Exchange Commission (SEC) has delayed its decision to approve BlackRock's ethereum spot ETF," Fox Business reporter Eleanor Terrett reported via X. "It's like déjà vu (for bitcoin spot ETFs). "It's like déjà vu (for bitcoin spot ETFs)," she added. The approval of spot...
"Bitcoin spot ETFs such as BlackRock and Fidelity are unlikely to surpass Grayscale's GBTC assets under management in the near term," said Matteo Greco, an analyst at fintech and blockchain investment firm Fineqia International, according to Blockworks. "GBTC has been around for over eight years,...