[ad_1] On-chain data shows the Bitcoin whales have continued to purchase more even at the recent highs, a sign that could be optimistic for the rally. Bitcoin Large Holders Netflow Has Continued To See Positive Spikes Recently According to data from the market intelligence platform IntoTheBlock, the number of BTC whales has recently increased. The on-chain metric of interest here is the “Large Holders Netflow,” which keeps track of the total amount of Bitcoin flowing into or out of the wallets associated with Large Holders. IntoTheBlock defines “Large Holders” as investors carrying at least 0.1% of the cryptocurrency’s supply. Today,…
Author: dfrancis36
[ad_1] Este artículo también está disponible en español. BlackRock, the world’s largest asset manager, has officially launched options trading for its Bitcoin ETF, the iShares Bitcoin Trust (IBIT). This debut comes after the ETF received regulatory approval in January and has since attracted significant inflows. Increased Liquidity And Reduced Volatility On The Horizon According to Bloomberg, the introduction of options trading on the $43 billion iShares Bitcoin Trust is anticipated to reduce volatility while broadening Bitcoin’s investor base. Related Reading Alex Thorn, head of firmwide research at Galaxy Digital, stated during a Bloomberg Television interview that as Bitcoin becomes more…
[ad_1] According to recent reports, Howard Lutnick, the CEO of asset management firm Cantor Fitzgerald and a prominent supporter of crypto initiatives, is anticipated to be nominated by President-elect Donald Trump to head the US Department of Commerce (DOC). This nomination comes amidst growing speculation regarding Lutnick’s influence in shaping policies that could significantly impact the crypto industry. The Pro-Crypto Leader Poised To Head The DOC As the public face of Trump’s transition team, Lutnick has been a vocal advocate for the incoming administration’s agenda, particularly concerning economic policies and tariffs. The Commerce Department is poised to play a crucial…
[ad_1] As the dust settles from the exhilarating 2024 U.S. presidential election, the crypto landscape is buzzing with excitement and opportunity. With both seasoned Web3 citizens and curious newcomers eager to make the most of crypto’s newfound opportunities and market optimism following the election of its first pro-crypto president, demand for genuine, insightful, and grassroots-level discussions has never been higher. Historically, the Web3 market has been flooded with generic content and excessive noise in every period of bullish sentiment. Thus, every time the market heats up, it is crucial to find those unique voices that cut through the noise and…
[ad_1] Dogecoin (DOGE), a meme cryptocurrency, is once again at the center of attention. Recent surges in Dogecoin price have sparked discussions among investors, analysts, and the Dogecoin community. Driven by new all-time high predictions, technical analysis, and political developments, Dogecoin continues to maintain its relevance in the cryptocurrency market. Here’s a deep dive into the reasons behind the surge, expert predictions, and why investing in Dogecoin today could be worth considering.Dogecoin Price Surge: Breaking News and DriversAt the time of writing, Dogecoin price is surging with the current price reaching $0.39, showing remarkable price action as the cryptocurrency Dogecoin…
[ad_1] Russia is poised to implement a 15% tax on all crypto mining and trading activities. The move aims to foster a regulatory framework that supports the growing digital asset industry. 15% Tax On Crypto Trading And Mining Activities According to Interfax, the Russian Government has approved draft amendments to the bill on taxation of income and expenditures from mining and trading digital assets. Notably, the Ministry of Finance is working toward classifying digital assets as property for tax reporting purposes. Under the proposed amendments, income generated from digital asset mining and trading will be taxed at 15%. This initiative…
[ad_1] Este artículo también está disponible en español. Aptos (APT) recorded a 37.6% surge in the last two weeks, reclaiming its Q1 levels. According to some market watchers, the cryptocurrency’s recent performance follows SUI’s lead, which has set the stage for a massive rally toward a new all-time high (ATH) in the coming weeks. Related Reading Aptos To Follow SUI Steps Aptos has recorded a remarkable performance amid the market’s rally. Following the US presidential elections, the cryptocurrency has climbed from the $7.8 mark to reclaim the $11 support zone for the first time since late April. According to some…
[ad_1] Canaan Inc. (NASDAQ: CAN), a provider of computing solutions, has made progress in several areas, including securing investments, expanding its product offerings, and growing its mining operations.Canaan Secures $30 MillionThe company recently entered into a securities purchase agreement, selling up to 30,000 Series A-1 Preferred Shares at $1,000 each to an institutional investor. This agreement will raise $30 million to support the development of digital mining sites and equipment in North America. This follows a previous Series A financing, completed in September 2024, in which Canaan sold up to 125,000 Series A Convertible Preferred Shares. CEO Nangeng Zhang highlighted…
[ad_1] Seasoned trader Peter Brandt believes that top memecoin Dogecoin’s (DOGE) price action as of late looks incredibly bullish. Brandt tells his 751,800 followers on the social media platform X that DOGE has broken out of two technical patterns on the weekly chart this year. The veteran trader shares a chart suggesting that DOGE has cleared the resistance levels of a descending channel and an inverse head-and-shoulders pattern. “Super strong chart.” Source: Peter Brandt/X A descending pattern is typically viewed as a bearish pattern unless an asset shatters the structure’s diagonal resistance. Meanwhile, an inverse head-and-shoulders structure is considered a…
[ad_1] Este artículo también está disponible en español. Bitcoin price is consolidating gains near the $91,000 zone. BTC is holding gains and might soon aim for more upsides above the $94,000 level. Bitcoin started a fresh increase above the $91,000 zone. The price is trading above $91,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $90,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $93,200 resistance zone. Bitcoin Price Could Rally Again Bitcoin price remained supported…