Author: Maria
The crypto world is grappling with a million-dollar question – what is the German government doing with its massive Bitcoin holdings? According to data by Lookonchain, the recent transfer of 1,500 BTC, valued at roughly $95 million, has sparked a frenzy of speculation, with seasoned investors both worried and intrigued. The Looming Shadow Of A Crypto Price Crash Seasoned crypto veterans are haunted by the specter of a government fire sale. Memories of June’s $195 million transfer by the German government, which triggered a 3.5% price dip for Bitcoin, cast a long shadow. Analysts like Vijay Pravin, CEO of BitsCrunch,…
On-chain data shows the Ethereum long-term holders have recently been increasing their total share of the cryptocurrency’s supply. Ethereum HODLers Currently Carry The Majority Of ETH Supply According to data shared by the market intelligence platform IntoTheBlock in a post on X, the Ethereum long-term holder supply has been on the rise recently. The “long-term holders” (LTHs), as defined by IntoTheBlock, refer to the ETH investors who bought their ETH more than a year ago. Statistically, the longer an investor holds onto their coins, the less likely they become to sell at any point. As such, these LTHs, who tend…
On-chain data recently showed that the Ethereum staking has experienced significant growth over the last month. This undoubtedly presents a bullish outlook for the Ethereum ecosystem, which is already oozing with a lot of bullish sentiment heading into July. Almost 60,000 Unique Depositors Join Ethereum Network Data from the on-chain analytics platform CryptoQuant shows that 59,894 new depositors have joined ETH’s staking network since May 20. Interestingly, this significant increase began around the time Bloomberg analysts James Seyffart and Eric Balchunas increased their approval odds for the Spot Ethereum ETFs to 75%. Source: CrptoQuant This again highlights the Spot…
The world of cryptocurrency is witnessing a boom in accessibility, with Bitcoin ATMs leading the charge. From a meager 10,000 in October 2020, the number of these cash-to-crypto converters has ballooned to over 38,000 globally. This surge isn’t just a fad; experts predict continued growth fueled by a perfect storm of convenience, profitability, and strategic expansion. Beyond The Bank Branch: Stepping Into Crypto With Cash For many, traditional financial institutions remain a barrier to entry in the crypto world. Bitcoin ATMs bridge this gap by allowing users to buy cryptocurrency with cash, eliminating the need for bank accounts or navigating…
It is no secret that Bitcoin miners are currently experiencing significant financial stress, especially following the completion of the fourth halving event. As a result, these vital network participants are being forced to offload their BTC holdings to offset the increasing operational costs. Interestingly, the latest on-chain data shows that the Bitcoin market is experiencing a wave of capitulation from miners that is reminiscent of December 2022, barely a month after the FTX collapse. The question now is — what happened the last time and how could it impact the current cycle? Is BTC Ready To Resume Its Bull Run?…
Ethereum (ETH) is currently facing a critical test as it approaches the key support level of $3,360. This price point has emerged as a significant marker in recent trading sessions, with market participants closely watching to see if ETH can maintain its footing or if further declines are imminent. The $3,360 level represents a crucial battleground between bullish and bearish forces, and its outcome could set the tone for Ethereum’s short-term price trajectory. In this article, we will explore ETH’s potential price implications in the event of a rejection or a breach with the help of technical indicators. At the…
The Bitcoin price has been under significant bearish pressure in the past few weeks, and this crypto researcher has explained the role of demand in the market correction. BTC Apparent Demand Is Falling – Cause For Alarm? In a recent post on the X platform, CryptoQuant’s head of research Julio Moreno explained how the latest Bitcoin price correction is linked to the falling Bitcoin demand. This analysis is based on the Bitcoin apparent demand metric on the CryptoQuant platform. Apparent demand calculation is often used in financial markets to evaluate demand by comparing production levels and inventory changes. Basically, this…
The US Securities and Exchange Commission (SEC) has intensified its legal battle with the crypto industry by filing a lawsuit against ConsenSys, a blockchain firm known for its MetaMask wallet product and its focus on the Ethereum network. The SEC alleges that ConsenSys violated federal securities laws by operating as an unregistered broker and dealer while offering services for “crypto securities,” amassing fees exceeding $250 million. SEC Lawsuit Against ConsenSys The SEC’s lawsuit against ConsenSys echoes similar complaints against other crypto firms such as Coinbase and Kraken. However, what sets this lawsuit apart is the context surrounding ConsenSys’ response to…
Crypto researcher and analyst Trade The Flow has provided the crypto community with some trade ideas that he believes could help them be profitable despite the choppy market conditions. Interestingly, he revealed his bearish sentiment towards Shiba Inu (SHIB), Cardano (ADA), and Litecoin (LTC) while stating these trade ideas. Long/Short Pair Trade For Shiba Inu, Cardano, And Litecoin Trade The Flow mentioned in an X (formerly Twitter) post that long/short pair trade is one thing that works well in these choppy conditions. Based on this, he outlined several long/short pair trades that one could execute. First, he mentioned longing Bitcoin…
Litecoin is rising, days after plunging to fresh Q2 2024 lows of around $70 in June. At the back of this resurgence is the surge in Ordinal inscriptions. Over 25 Million Ordinals Inscribed On Litecoin According to Litecoin, over 25 million ordinals have been inscribed on the proof-of-work network as of June 27. Of note, a record-breaking 1.5 million were added in just two weeks, a massive development and a shot in the arm for the proof-of-work network. Unlike Bitcoin or Ethereum, where fees are relatively high, transacting on Litecoin is cheaper. The low fee could be due to the…