[ad_1] A key Bitcoin metric that has frequently flagged a potential short-term rally for BTC in the past few weeks has fallen into bearish territory, indicating a shift in interest among investors towards the largest cryptocurrency asset. Coinbase Premium Index For Bitcoin Hits New Low IC News, an informative outlet recently reported that Bitcoin’s Coinbase premium index has taken a hit as the metric has experienced a sharp decline to new lows, raising questions about investors’ demand for the digital asset. Historically, the Coinbase Premium has been used as a gauge of domestic interest in Bitcoin by measuring BTC’s price…
Author: dfrancis36
[ad_1] An analyst has explained why it could be the time to get ready for a new Bitcoin bull run, based on the pattern developing in this on-chain metric. Bitcoin US To The Rest Reserve Ratio Has Seen A Reversal Recently In a CryptoQuant Quicktake post, an analyst discussed the recent trend in the BTC US to The Rest Reserve Ratio. This indicator tells us, as its name suggests, the ratio between the total Bitcoin reserves of the US-based centralized platforms and that of the global ones. Platforms here refer to not just the exchanges, but also other entities like…
[ad_1] World Liberty Financial, the crypto venture launched by former President Donald Trump, is reportedly planning to develop its own stablecoin intended to serve as a stand-in for the US dollar. World Liberty’s Stablecoin Ambitions According to a Fortune report, the World Liberty team is currently focused on ensuring the financial product’s safety before its market introduction. This entails navigating a landscape filled with regulatory uncertainties and legal challenges, which can be daunting, especially when competing against established players like Tether’s USDT and Circle’s USDC stablecoins. Earlier this month, World Liberty announced the hiring of Rich Teo, co-founder of Paxos…
[ad_1] Bitcoin has recently shown a recovery back above the $68,000 mark. Here’s who could be behind this rally, according to on-chain data. Bitcoin Coinbase Premium Gap Has Remained Negative Recently As pointed out by an analyst in a CryptoQuant Quicktake post, the Coinbase Premium Gap has been declining alongside the recent price rise. The “Coinbase Premium Gap” here refers to an indicator that keeps track of the difference between the Bitcoin prices listed on Coinbase (USD pair) and Binance (USDT pair). When the value of this metric is positive, it means the price of the asset is currently higher…
[ad_1] Este artículo también está disponible en español. In a new YouTube video titled “There Is No ETF Paper Bitcoin,” Fred Krueger, an investor at the crypto hedge fund 2718.fund, delved into the growing concerns surrounding US spot Bitcoin Exchange-Traded Funds (ETFs) and their impact on the cryptocurrency’s price. Krueger aimed to dispel the fear, uncertainty, and doubt (FUD) that have been circulating about “paper Bitcoin”—the notion that ETFs might be selling Bitcoin they do not actually possess—and to explain why Bitcoin’s price has not surged as dramatically as some might expect, despite significant ETF purchases. Krueger began his analysis…
[ad_1] A meme coin analyst said that the increasing attention to memecoins is driven by money supply, contrary to some belief that it is due to politics. A reaction to a speculation circulating in social media that if a Republican wins the White House, it will be the end of meme coins. Politics Not The Reason Murad, a meme coin expert, suggested that politics could not be the primary reason why meme coins are on the rise. The analyst explained that the said cryptocurrency does not care about “political winds” or the US Securities and Exchange Commission (SEC), adding, “99%…
[ad_1] Dogecoin is showing strong signs of a potential breakout, with technical indicators aligning for a possible move toward the $0.1491 mark. The Relative Strength Index (RSI) has shifted into bullish territory, signaling growing momentum and showing that further gains could be on the horizon. This uptick in RSI suggests that buyer confidence is strengthening, setting Dogecoin up for a significant upward push. This analysis aims to explore Dogecoin’s bullish potential as it approaches a key resistance level at $0.1491. It will provide insights into the increasing buying interest and the possibility of an upward breakout, examining the recent shift…
[ad_1] The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar The copy trading market is projected to double in size, growing from $2.2 billion to…
[ad_1] Bitcoin has shown robust price action over the past few weeks and is pushing toward the critical $69,500 resistance level, with eyes set on previous all-time highs. A significant shift in market dynamics accompanies this surge, as data from CryptoQuant reveals that American investors now hold 4.9% of the total Bitcoin supply through spot ETFs. This sizable stake points to sustained demand from institutional investors, signaling that traditional finance may play a larger role in Bitcoin’s current rally. With the growing institutional interest, analysts and investors closely monitor Bitcoin’s price action. The impact of spot ETFs has been notable,…
[ad_1] Follow Aaron on Nostr or X. This weekend I finally got around to watching Money Electric, the HBO documentary that “reveals” Bitcoin Core contributor Peter Todd as the true identity behind Satoshi Nakamoto. It’s three weeks old by now and already forgotten by the 24-hour social media cycle, but as someone who wrote a book on the origin story of Bitcoin I still felt I had to hear them out— perhaps just to comment on it in a Take. (As I am indeed doing now.)Even watching it for that purpose was a waste of my time. Sure, I could…