Author: Maria
Bitcoin is beginning to show signs of a potential upward trend as several on-chain metrics are turning positive. These metrics, which often serve as indicators of future price movements, paint a picture of growing optimism in the market. One of the key indicators supporting this positive outlook is the exchange inflow/outflow data, which reveals a shift in sentiment toward Bitcoin. Despite some notable large-scale Bitcoin transfers by the defunct exchange Mt. Gox and significant movements by miners to over-the-counter (OTC) desks, the overall inflow of Bitcoin into crypto exchanges has sharply declined in the past few days. Bitcoin Exchange Inflows…
A report by Steno Research states that the decentralized finance (DeFi) summer on Ethereum and the crypto market could return as early as 2025. Four years after the fondly remembered DeFi summer of 2020, the total value locked (TVL) in protocols can hit an all-time high by early next year. However, the return of DeFi summer rests on two key factors. Lower Ethereum Fees Crucial To Attract Investors Ethereum (ETH) has historically led the DeFi wave, boasting the highest TVL locked into its protocols among all other smart-contract blockchains. According to DeFiLlama, the TVL locked in Ethereum-based protocols currently stands…
Anthony Scaramucci, Founder and Managing Partner at Skybridge Capital, a global investment firm, has asserted that Bitcoin (BTC) is not a reliable store of value. Known for his support for BTC and candid financial analyses, Scaramucci has provided a reason for this belief. Why Bitcoin Falls Short As A Store Of Value Claim In an exclusive interview on CNBC’s Squawk Box, Scaramucci declared that BTC fails to qualify as a store of value in the financial sector. His critique centers around the negative impact of the crypto industry’s current regulatory framework. When questioned about the diversion between BTC and gold…
Shiba Inu marketing lead LUCIE has chimed in on the Bitcoin bull run debate and when it is likely to begin in full force. She uses the legendary Bitcoin post-halving rally that has often even the start of a new bull run. According to historical performance, the market could be drawing toward another notable bull rally after the halving in 2024. Mapping The Bitcoin Post-Halving Rallies In a post on the X (formerly Twitter) platform, Shiba Inu marketing executive LUCIE told her 144,000 followers when she expected the Bitcoin bull run to begin. The post points to previous bull cycles…
Crypto analyst Quinten François recently highlighted a cycle indicator that suggests the Bitcoin bull run is just about to begin. The crypto analyst highlighted several fundamentals that paint a bullish picture for BTC heading into this bull run. The Bitcoin Bull Run Could Be Two Months Away In an X (formerly Twitter) post, Quinten reminded the crypto community that the average cycle starts 170 days after the Bitcoin halving. He added that it has been 121 days since the halving event, meaning the bull run could be two months away and possibly begin sometime in October. Source: X In a…
A crypto analyst has emphasized the need to stay invested in Bitcoin (BTC), forecasting a significant breakout to the upside. Despite BTC’s previous price crash and market volatility, the analyst has remained bullish on the cryptocurrency’s future outlook. Bitcoin Bullish Surge Incoming In an X (formerly Twitter) post on August 20, a crypto analyst identified as ‘CryptoCon’ shed light on the current state of Bitcoin using a detailed price chart. The analyst is convinced that the most thrilling part of BTC’s market cycle is just around the corner. CryptoCon has suggested that leaving BTC now is akin to leaving before…
A recent research report by the onchain analytics platform Cryptoquant noted that the demand for Bitcoin (BTC) has dropped into negative territory. The platform also highlighted the unwavering conviction among long-term holders, which is undoubtedly a positive for the flagship crypto. Bitcoin’s Demand On The Decline Cryptoquant stated that the demand for the flagship crypto has declined since April and has dropped to negative territory since the start of the month. The report further revealed that BTC’s apparent demand has fallen from a 30-day growth of 496,000 BTC in April to a negative growth of 25,000 BTC this month. Source:…
Key Points Republican candidate for US Senate, Curtis Bashaw, started accepting Bitcoin donations for his campaign. His stance on crypto aligns with other prominent political figures seeing digital assets as innovation and progress. Curtis Bashaw, a Republican candidate for the US Senate, started accepting Bitcoin donations for his campaign. Bashaw is running for the US Senate in New Jersey to “provide freedom, security and opportunity to every New Jerseyan”, according to his X account. The Republican candidate positions himself as a supporter of innovation and progress by integrating Bitcoin into his campaign. The move appeals to the growing number of…
Bitcoin experienced a sharp decline on Aug. 20, falling below the $59,000 mark as selling pressure intensified, leading to significant liquidations in the crypto market.The flagship crypto slid over 3% in an hour, giving up almost all of its gains over the previous trading day after touching a weekly high of $61,400.Bitcoin was trading at $59,000 as of press time, based on CryptoSlate data.LiquidationsThe downward price movement resulted in widespread liquidations across the crypto market, with over $50 million liquidated in an hour, based on Coinglass data.The liquidation heatmap indicates that Bitcoin accounted for the largest portion of liquidations over…
Since the inception of Ethereum, the network’s high transaction costs have been a major issue in the crypto market, prompting users to seek an alternative for their day-to-day activities. However, with the recent development regarding the network’s gas fees, Ethereum could be poised for massive adoption as its transaction cost has declined to a level not seen before. Ethereum Gas Fees Drops Amid Network Upgrades The Ethereum network, one of the most popular choices for cryptocurrency transactions within the industry, has experienced a drop in its gas prices to record lows, offering users and developers respite who have long been…