Bitcoin advocate, John Deaton expects the crypto market to see a significant surge in market value by the year's end.
CryptoQuant's founder is concerned about liquidity drying up.
Nearly $300 million entered the funds on Monday.
North Korea has accumulated over $1 billion worth of Bitcoin (BTC) following the recent hack of the crypto exchange Bybit, which saw over $1.5 billion taken from the platform's wallets.
The whale who made heads turn with their overleveraged short bet on Bitcoin (CRYPTO: BTC) has now opened a position worth $517 million, its highest ever. What Happened: The investor placed its largest short ever on Bitcoin, amounting to 6,211 BTC, worth nearly $517 million, according to on-chain tracker Spot On Chain.
According to data provided by cryptocurrency analytics platform CoinGlass, a massive Bitcoin whale has increased his short position to an eye-popping $515 million on the Hyperliquid platform.
North Korea's Lazarus Group now holds 13,562 BTC ($1.14B) after the Bybit hack, surpassing Bhutan and El Salvador in government Bitcoin holdings.
CryptoQuant's head chief says Bitcoin's bull market could already be over — changing his stance from earlier in the month when he said the Bitcoin bull cycle will be slow but “is still intact.”“Bitcoin bull cycle is over, expecting 6-12 months of bearish or sideways price action,” CryptoQuant founder and CEO Ki Young Ju said in a March 17 X post.
CryptoQuant CEO Ki Young Ju predicts Bitcoin's bull cycle is over, with 6–12 months of bearish or sideways movement ahead. The post Bitcoin Bull Cycle is Over, Expect 6-12 Months of Bearish Trend: CryptoQuant CEO appeared first on Cryptonews.
CoinShares says these outflows, coupled with the market dip, have reduced the total assets under management for crypto investment products by $48 billion.
In recent weeks, bitcoin ETFs have been under considerable pressure, facing their longest and largest sustained period of negative flows.
Analysts speculate that a whale may have set up a $520 million Bitcoin short 40x leverage position on Hyperliquid as a trap to trigger a massive long. On Mar.
Bitcoin price has been stuck in a tight range but historical trends and on-chain data suggest a breakout could be coming soon.
Michael Saylor's Strategy is moving faster than Bitcoin itself. The company, formerly called MicroStrategy, has built its entire identity around Bitcoin ownership, stacking up 499,096 BTC on its balance sheet—almost 2.4% of all Bitcoin that will ever exist.
Bitcoin is facing critical price levels as it retests key resistance zones, hinting at risks for its ongoing bull market. Historically, when Bitcoin has tested these levels during bullish phases, it has managed to break through, hold its ground, and continue upward.
Bitcoin's nearly $12 billion open interest shakeout earlier this month might be just the catalyst needed for the asset to regain its upward momentum, according to a crypto analyst.“This can be considered as a natural market reset, an essential phase for sustaining a bullish continuation,” CryptoQuant contributor DarkFost said in a March 17 markets report.
Gold prices soared to new heights Monday, and renowned economist Peter Schiff marked the occasion by promoting his Bitcoin (CRYPTO: BTC) non-fungible tokens. What Happened: Gold bug Schiff took to X to celebrate a historic moment in the bullion market.
James Howells' decade-long fight to recover 8,000 Bitcoin faces another legal hurdle as his latest appeal is dismissed.
A British man's desperate fight to recover about 8,000 lost bitcoin—worth hundreds of millions—has been blocked again, pushing him to take his battle to Europe.
Prominent angel investor Jason Calacanis has sounded the alarm over Michael Saylors aggressive Bitcoin accumulation, predicting the MicroStrategy co-founder will ultimately break the Bitcoin ecosystem. Calacanis accuses Saylor of centralizing the leading cryptocurrency and damaging its long-term sustainability with relentless purchases and debt-driven strategies.
The crypto market is reeling as digital asset investment products suffer their longest streak of outflows in a decade. CoinShares reports that funds have exited for 17 consecutive days, marking five straight weeks of declines.
Bitcoin surged close to $85,000 on Friday, March 14, fueling optimism across the crypto market. At press time, BTC is trading at $83,195, marking a 0.38% gain in the past 24 hours, according to CoinMarketCap.
A mysterious Bitcoin whale has drawn intense market attention by amassing a massive $464 million short position. Initially, the whale opened a $332 million Bitcoin short at $84,040, later increasing it to $400 million with 40x leverage and a liquidation price of $86,384.
On-chain data shows that the Bitcoin “Supply Stress Ratio” has climbed to 0.23 recently, a sign that may not be positive for the BTC market.
A dormant whale booked an $85M profit, and miners cashed out $27M, increasing selling pressure on Bitcoin. U.S. spot Bitcoin ETFs have recorded five consecutive weeks of outflows, raising concerns over institutional support.
Bitcoin's price action has been trapped in a tight range between $84,000 and $82,000 in recent days, with bulls struggling to push upwards. The general market sentiment is one of a cautious nature, and hopes of a quick return above $90,000 are starting to fade.
Could U.S. crypto policies trigger the next global financial crisis? Europe thinks so.
North Korea's Bitcoin holdings rise to the fifth largest globally, overtaking Bhutan and El Salvador. Arkham data reveals Lazarus Group's Bybit hack conversion boosted North Korea's Bitcoin reserves, spotlighting escalating cybercrime and its global security implications. The post North Korea Surpasses El Salvador in Bitcoin Holdings, Fueled by Bybit Hack appeared first on Cryptonews.
Data shows the Bitcoin futures market has seen a massive deleveraging event recently. Here's what this reset could mean for BTC, based on past trends.
Bitcoin's (BTC) price is waiting for long-term holders or institutional demand to absorb the recent sell pressure from short-term holders, according to the latest “Bitfinex Alpha” report. Bitcoin's decline from its all-time high of $109,590 on Jan. 20 has intensified concerns about the role of institutional investors in sustaining market momentum.
Michael Saylor's Strategy (formerly MicroStrategy) unveiled a $10.7 billion Bitcoin purchase Monday, lifting its total holdings to nearly 500,000 BTC as the company resumed Bitcoin acquisitions after a two-week hiatus. It's the smallest Bitcoin purchase in Strategy history, both in terms of BTC total and US dollar value.
Hard knocks tend to teach lessons that don't get forgotten, in investing as well as in life. But as most investors know, learning from someone else's experiences is a far better way of deriving hard-earned wisdom than going through the difficulty of stumbling over challenges yourself.
The price of Bitcoin (BTC) is undergoing bullish consolidation at the moment after the intense selloff in the broader market cooled off. The current outlook shows relief for a coin that dropped as low as $76,624.25 in the past week.
Bitcoin ATMs may be on the verge of a worldwide crackdown, as several governments have taken action against these kiosks.
Bitcoin Spot ETFs have been bleeding funds, with $900M in outflows over the past five weeks.
The Bank of Korea says BTC does not meet the IMF's standards for joining foreign exchange reserves, and its volatility will be a problem.
The submission comes three months after Hashdex's fund, which currently focuses on Bitcoin and Ethereum, first received SEC approval.
A crypto analyst has revealed that the recent pullback in the Bitcoin (BTC) price has triggered a Fischer Transform indicator reminiscent of the 2022 bear market.
Strong retail sales could boost the USD, pressuring BTC, while weak numbers may fuel Fed rate cut speculation, benefiting Bitcoin. A BOJ rate hike could dampen Asian crypto sentiment, while the BOE's stance may impact European markets.
Market watchers have taken notice of Bitcoin's recent price swings after a notable surge in transactions from affluent individuals. Market observers think that this might lead to a brief price spike, even while larger economic worries still throw a shadow over the cryptocurrency scene.
A crypto rally to new highs may have to wait until later this year, said Coinbase Institutional's head of research.
Bitcoin (BTC) has undergone its second-largest correction of this bull run, according to analysts at crypto exchange Bitfinex. The correction, from the coin's all-time high of $109,590 set on Jan. 20 to a low of $77,041 during the week of March 9-15, represents a 30% retracement triggered by selling pressure from short-term holders.In its report, Bitfinex defines short-term holders as those who have bought within the last seven to 30 days.
One trader's $521 million Bitcoin short position on Hyperliquid is being targeted by other traders who want to force a liquidation.
Crypto markets are in a holding pattern ahead of Wednesday's Federal Reserve meeting and other crucial macroeconomic data. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $84,316.40 +1.1% Ethereum (CRYPTO: ETH) $1,938.92 +2.5% Solana (CRYPTO: SOL) $129.46 +1.6% XRP (CRYPTO: XRP) $2.36 +2.2% Dogecoin (CRYPTO: DOGE) $0.1747 +3.3% Shiba Inu (CRYPTO: SHIB) $0.00001304 -1.4% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 5.3% and daily active addresses up by 2.6%.
Bitfarms Ltd. has finalized its acquisition of Stronghold Digital Mining, Inc., marking an expansion of its U.S. operations and energy capabilities. The deal strengthens Bitfarms' position in the PJM market and advances its high-performance computing (HPC) and artificial intelligence (AI) initiatives.
Prominent Bitcoin (CRYPTO: BTC) Peter Schiff once again took to X to criticize the apex cryptocurrency and extol the benefits of gold compared to Bitcoin. What Happened: In a post on Monday, Schiff highlighted that gold prices have surged past $3,000 as foreign central banks continue selling U.S. dollars to accumulate gold.
A closely followed analyst believes Bitcoin (BTC) and altcoins are about to ignite massive rallies and leave paper-handed investors on the sidelines.