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“# ‘Unprecedented’ capital inflows into Bitcoin remove 12K BTC from Coinbase in an hour ” Another day, another spike in Bitcoin (BTC) leaving major exchange Coinbase as funds pour into the largest cryptocurrency. Data from on-chain monitoring resource Glassnode showed 12,354 BTC ($694 million) being withdrawn from the Coinbase order book in a single hour…
“# Ethereum Classic gains 300% in one week as traders rush to buy the ‘wrong Ethereum’ ” The “original” yet ironically “wrong” Ethereum and Telcoin (TEL) are leading a fresh altcoin surge this week. Bitcoin (BTC) fans are already calling time on the fun. Ethereum Classic (ETC), the pet favorite of Digital Currency Group founder…
“# BakerySwap, Syscoin and Utrust rally as altcoin season kicks into high gear ” Bitcoin’s (BTC) institutional adoption shows no signs of slowing down. This week Latin America’s largest e-commerce company, Mercado Libre, disclosed that it had purchased $7.8 million worth of Bitcoin as part of its treasury strategy. Mercado Libre was not only in this…
“# Coinbase stock plunges to record low, further decoupling from crypto ” Shares of Coinbase Global Inc. tumbled to fresh lows on Thursday, as Wall Street investors continued to cycle out of high-flying tech stocks. The cryptocurrency market, meanwhile, reached a record valuation over $2.4 trillion. COIN stock bottomed at $255.15, where it was in…
“# LTC price hits 13-month high against Bitcoin — All-time high next for Litecoin? ” Litecoin (LTC) prices surged by up to 35% to hit a one-year high against Bitcoin (BTC) this week, prompting analysts to predict an extended upside momentum for the remainder of the ongoing monthly session. LTC/BTC 1-week candle chart (Binance). Source:…
“# Nasdaq-listed insurer Metromile plans $10M Bitcoin purchase ” Metromile, Inc., a digital insurer headquartered in San Francisco, is making Bitcoin (BTC) a core part of its business operations, offering further evidence of growing mainstream adoption of digital assets. The company announced Thursday that it will soon give policyholders the option to pay for insurance…
“# Bitcoin clips $58K as Dogecoin stalls and adoption news fuels bulls ” Bitcoin (BTC) touched $58,000 on Thursday as the latest phase of its comeback seemed to come at the expense of altcoins. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin claws back lost limelight Data from Cointelegraph Markets Pro and TradingView showed BTC/USD’s…
“# Early Bitcoin bull market buyers are hodling strong, but short term trading increasing ” Bitcoin buyers from the early phases of the bull run are still hodling despite BTC’s meteoric surge into new all-time highs, according to data shared by Glassnode. The on-chain analytics provider shared its “Realized Cap HODL Waves” chart, noting that…
“# Largest Latin American eCommerce platform adds $7.8M Bitcoin to its treasury ” Mercado Libre, the largest e-commerce platform in Latin America, has announced to the U.S. Securities and Exchange Commission (SEC) that it acquired $7.8 million in Bitcoin in the first quarter of 2021. It stated in the report: “As part of our treasury…
“# Bears aim for sub-$60K Bitcoin price ahead of Friday’s $1.1B options expiry ” Bitcoin (BTC) entirely recovered from its recent drop that saw the price fall to the $53,000 support level. This move back to $57,500 relieved bulls from the negative pressure of the May 7, 3,500 BTC options contract, which represents $200 million…