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“# Does a stronger dollar mean Bitcoin price is destined to lose $30K? ” Bitcoin price has been accelerating massively in recent months, with Bitcoin (BTC) rallying from $10,000 to $41,500. This rally went vertical without any major corrections in between. However, every upward cycle has its standard 30% corrections, which can even be considered…
“# Bakkt crypto exchange to debut on stock markets through SPAC ” The Intercontinental Exchange, the owner the New York Stock Exchange and institutional cryptocurrency exchange Bakkt, announced a deal that would see its crypto arm listed on the stock markets. As reported by the Wall Street Journal, Bakkt is set to merge with VPC…
“# Korea’s Shinhan Bank makes strategic investment in crypto custody consortium ” Shinhan Bank, the oldest banking institution in South Korea, continues its efforts to introduce digital asset custody services with a new investment. According to a Jan. 7 report by news agency Yonhap, Shinhan Bank has invested in Korea Digital Asset Trust, or KDAC,…
“# Bitcoin hit by $2.7 billion futures liquidation frenzy: What happens next? ” Over $2.7 billion worth of futures contracts got liquidated in the last 24 hours, based on data from Bybt.com. This caused the price of Bitcoin (BTC) to see a large drop in a short time frame as it plunged from over $41,000…
“# Bitcoin whales are profiting as ‘weak hands’ sell BTC throughout $40K bull run ” Bitcoin (BTC) is changing hands fast after its drop to $32,000 and only millionaires are winning, data shows. Statistics governing wallet balances from Glassnode on Jan. 11 reveal that the main investors “buying the dip” are those with a balance…
“# BTC price eyes 30% correction: 5 things to watch in Bitcoin this week ” Bitcoin (BTC) heads into a new week after another weekend of major volatility — but this time, the way was down, not up. As the market loses $7,000 — the most since the “vertical” price rises began — Cointelegraph presents…
“# FCA warns of crypto investment risks as Bitcoin dives below $33K ” The United Kingdom’s financial regulator, the Financial Conduct Authority, has posted a warning about cryptocurrency investment amid a major crash on crypto markets. In a Jan. 11 statement, the FCA said that crypto investment and lending are associated with a high level…
“# Solana (SOL) trading volume soars as DeFi investors seek ETH alternatives ” 2021 got off to a quick start and the current crypto bull market has seen assets like Bitcoin (BTC) and Ether (ETH) shoot to new all-time highs on an almost daily basis. While new price highs are positive for investors, they do…
“# Top 5 cryptocurrencies to watch this week: BTC, ADA, EOS, THETA, AAVE ” During an interview with Bloomberg, Grayscale CEO Michael Sonnenshein said that in addition to hedge funds, pension funds and endowments had also started investing in the Grayscale family of products. This suggests that a broad spectrum of institutions are accumulating Bitcoin…
“# Key Bitcoin price metric signals BTC may be near a local top ” According to data from CryptoQuant, miners appear to be selling large amounts of Bitcoin (BTC). Historically, heightened selling pressure from miners marked a local top and led to sharp, prolonged corrections. BTC/USDT 1-hour chart. Source: TradingView.com Why are Bitcoin miners selling?…