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“# Coinbase has held Bitcoin on its balance sheets since 2012 ” United States-based cryptocurrency exchange Coinbase has revealed that Bitcoin (BTC) and other crypto assets have been a key component of its corporate treasury since the company’s founding back in 2012. In a new announcement addressed to other corporate actors, the exchange presented its…
“# People who bought Bitcoin in 2017 becoming the strongest HODLers, new data shows ” Bitcoin (BTC) may be worth almost three times more than at the height of its 2017 bull run, but a lot of hodlers from that time refuse to sell. The latest data from Bitcoin financial services firm Unchained Capital shows…
“# What Bitcoin price levels will invalidate the short-term bearish scenario? ” The price of Bitcoin (BTC) is continuing to range between $48,000 and $51,000, unable to break out of the $51,600 resistance level. If Bitcoin struggles to surpass the $51,600 resistance area in the near term, technical analysts say the probability of a correction…
“# Cross-chain bridges and DeFi integration are pushing these 3 altcoins higher ” The cryptocurrency market is showing signs of progress following a multiday sell-off that saw the total market capitalization drop by more than $400 billion as Bitcoin’s (BTC) price briefly fell below $46,000. While the majority of altcoins have entered a consolidation phase…
“# Price analysis 2/24: BTC, ETH, BNB, DOT, ADA, XRP, LTC, LINK, BCH, XLM ” Institutional investors continue to pour money into the crypto sector even with the current dip below $45,000. On Feb.24, business intelligence firm MicroStrategy announced that it had recently purchased over $1 billion worth of Bitcoin (BTC) at an average rate…
“# 3 reasons Bitcoin price is quickly recovering from its ‘severe’ 23% correction ” The price of Bitcoin (BTC) quickly recovered from around $44,800 to over $50,000 within merely 22 hours. Behind the rapid recovery are three major factors, including low funding rates, Square’s $170 million Bitcoin purchase, and the spot market stabilizing. Bitcoin futures…
“# Bitcoin price retakes $50K as investor voices relief at ‘healthy correction’ ” Bitcoin (BTC) hit back to reclaim $50,000 on Feb. 24 amid fresh bullish comments from major investors. BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview BTC price exits $40,000 range Data from Cointelegraph Markets and TradingView tracked a 14% rise from Tuesday’s lows over…
“# Whales offloaded 140K Bitcoin this month: Glassnode ” According to a new report from crypto market data aggregator, Glassnode, Bitcoin whales offloaded massive amounts of BTC during February. Glassnode defines any address that holds between 1,000 BTC and 10,000 BTC as a “whale”, while “humpback whales” hold more than 10,000 BTC. The report found…
“# Altcoins nurse double-digit losses as Bitcoin bulls fight to retake $49K ” Another wave of selling pressure hit the cryptocurrency market on Feb. 23 as Bitcoin struggles to reclaim the $49,000 level. Data from Cointelegraph Markets and TradingView shows that Bitcoin fell under intense pressure in the early trading hours on Tuesday and this…
“# North America’s first Bitcoin ETF sees explosive debut with $564M in assets ” Less than a week after its debut, the Purpose Bitcoin exchange-traded fund continues to attract large inflows of investor capital, offering further reassurance that institutional interest in digital assets is on the rise. Crypto data provider Glassnode reported Tuesday that the…