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Bitcoin’s MVRV flashes red: Is a BTC correction on the horizon? Ethereum’s Silent Build-Up: A Catalyst for the Next Bull Run? Bitcoin suffers pullback: What can push BTC to 100K now? Bitcoin Buying Pressure Rises, But Here’s Why A Pullback Could Be Coming Bitcoin Nears $100,000 As Trump Council Expected To Implement BTC Reserve PEPU Presale Raises $8M for New Ethereum-Beating Layer-2 Solution Robinhood Reports 161% Surge in Q2 Crypto Revenue Is A Bitcoin Sell-Off Coming? US Government Moves 10,000 BTC To Coinbase Smart Money: Data Shows Institutions ‘Buying the Dip’ After Recent Price Crash XRP’s explosive rise leaves Binance reeling: Will BNB recover?

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Bitcoin’s MVRV flashes red: Is a BTC correction on the horizon?

contributor Share this article BTC spot inflow/outflow data reveals that exchanges have seen a significant outflow of $860.52 million. BTC’s recent price action indicates that it could rise by 3% to reach the $99,588 level. Bitcoin [BTC], the world’s biggest cryptocurrency by market capitalization, appears to be in a danger zone as reported by a crucial on-chain metric. At press time, the overall market seems to be recovering after experiencing a modest price decline following South Korean president’s declaration of martial law. Bitcoin MVRV metric sends a warning According to the on-chain analytics firm Santiment, the average returns of Bitcoin...

04.12.2024

Ethereum’s Silent Build-Up: A Catalyst for the Next Bull Run?

You are here: Home / News / Ethereum’s Silent Build-Up: A Catalyst for the Next Bull Run? Despite Ethereum’s muted price action, on-chain analysis suggests a potential breakout soon. Rising ETH ETF inflows and increased open interest indicate growing investor confidence in Ethereum. Ethereum’s lower exchange supply, record staking rates, and significant supply shock position it for potential price appreciation. Amidst a broader market-wide rally, Ethereum’s performance has been lackluster, leaving many holders disappointed. However, a recent analysis of on-chain data suggests a potential breakout for ETH in the near term. Market experts highlight key indicators suggesting an imminent price...

26.11.2024

Bitcoin suffers pullback: What can push BTC to 100K now?

contributor Posted: November 27, 2024 Share this article A look at why Bitcoin failed to soar above $100,000 last week. Why a pullback was inevitable and what to expect moving forward. Bitcoin’s [BTC] came close to clocking a six-digit price tag, but it did not manage to do so. This was contrary to high expectations, and it has since then pulled back considerably, especially during the weekend. The Bitcoin Fear and Greed Index demonstrates just how the sentiment has shifted over the last few days. It was still in extreme greed, but notably dropped from 90 at its peak last...

26.11.2024

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Bitcoin’s MVRV flashes red: Is a BTC correction on the horizon?

Ethereum’s Silent Build-Up: A Catalyst for the Next Bull Run?

Bitcoin suffers pullback: What can push BTC to 100K now?

Bitcoin Buying Pressure Rises, But Here’s Why A Pullback Could Be Coming

A recent analysis from BaroVirtual, a CryptoQuant analyst, offers a nuanced perspective on the current state of the Bitcoin market. According to the analyst, fluctuations in the Coinbase premium—a key metric that tracks the price difference between Bitcoin on Coinbase and other exchanges—can offer significant insights. Retail Leverage And Premiums: A Double-Edged Sword Rising or elevated Coinbase premiums typically suggest intense buying pressure, indicating strong medium-term sentiment for Bitcoin. However, BaroVirtual warns that in the short term, these high premiums may present a double-edged sword, as they often precede a localized downward movement in Bitcoin’s price. This phenomenon stems from...

Bitcoin Nears $100,000 As Trump Council Expected To Implement BTC Reserve

What an enormous day it has been today. Gary Gensler officially announced that he is stepping down from his position as Chairman of the Securities and Exchange Commission (SEC), and minutes later, Reuters reported that Donald Trump’s “crypto council” is expected to “establish Trump’s promised bitcoin reserve.” A bitcoin reserve, that would see the United States purchase 200,000 bitcoin per year, for five years until it has bought 1,000,000 bitcoin. Right after both of those, Bitcoin continued its upward momentum and broke $99,000, with $100,000 feeling like it can happen at any second now. It is hard to contain my...

PEPU Presale Raises $8M for New Ethereum-Beating Layer-2 Solution

Pepe Unchained (PEPU), one of the most talked-about new meme coin projects, has just passed $8 million in its presale phase. But this isn’t just another quick cash grab. The team is on a mission to build a powerful new Layer-2 solution – with speeds and fees that could give Ethereum a run for its money. Pepe Unchained Plans Meme Coin Paradise Powered by Layer-2 Tech So, why all the excitement around Pepe Unchained? It’s down to the planned Layer-2 network, which the team hopes will be the place for all things meme coins. For those unaware, Layer-2s are like...

Robinhood Reports 161% Surge in Q2 Crypto Revenue

Robinhood Markets announced a record-breaking $682 million in revenue for the second quarter, highlighting a 161% rise in cryptocurrency revenue. Robinhood’s assets under custody also saw a 57% increase, driven by key acquisitions and the rising value of both equities and cryptocurrencies. Robinhood Reports Record Q2 2024 Revenues Driven by Cryptocurrency Trading Robinhood Markets, Inc. (Nasdaq: HOOD) reported its second-quarter 2024 financial results on Wednesday, announcing record revenues of $682 million, a 40% increase from the previous year. Robinhood also shared: Cryptocurrencies revenue of $81 million, up 161%. CEO Vlad Tenev credited the strong performance to rapid product launches and...

Is A Bitcoin Sell-Off Coming? US Government Moves 10,000 BTC To Coinbase

As the Bitcoin price consolidates just below its all-time high of $99,540, a significant move by the US government has raised concerns among investors. The government has transferred a substantial amount of its seized Bitcoin holdings to Coinbase, potentially signaling intentions to sell. This echoes similar actions that had previously impacted the market earlier this year. US Government’s Bitcoin Transfer According to market intelligence firm Arkham, the US government moved approximately 10,000 Bitcoin, worth around $1.92 billion at current market prices, to two separate wallets. One wallet contains Bitcoin valued at $969 million, while the other holds approximately $949 million....

Smart Money: Data Shows Institutions ‘Buying the Dip’ After Recent Price Crash

TLDR Institutions have been buying cryptocurrency following the recent market slump, according to data from FalconX. Bitcoin trading volume is almost three times higher than Ethereum’s among institutional investors. Various types of institutional investors, including proprietary trading desks, hedge funds, and venture funds, were net buyers during the dip. The crypto market recovery coincides with a broader market sell-off that affected major stock indices. FalconX’s head of research, David Lawant, indicates that institutional investors see a positive medium and long-term outlook for crypto assets despite short-term volatility. In the wake of a significant cryptocurrency market correction that wiped out approximately...

XRP’s explosive rise leaves Binance reeling: Will BNB recover?

Journalist Share this article BNB’s volume has dropped by around 15% in the last 24 hours. Its price has trended without any significant moves in the last few days. XRP’s dramatic ascent has dethroned Binance Coin [BNB] from its top-five ranking by market capitalization. The gap is widening, with XRP’s market cap exceeding $109 billion compared to BNB’s $94 billion. Over the past week, XRP has surged by 37%, while BNB’s growth has been muted at less than 1%. As investors turn their attention to XRP’s momentum, BNB’s price action and metrics offer insights into what could lie ahead for...