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Bitcoin surged past $86,800 on Wednesday, climbing nearly 5% as investors responded to signals of looser financial conditions from the Federal Reserve and growing expectations of a liquidity-driven rally. The Fed announced that it would slow the pace of reducing its $6.8 trillion balance sheet, capping the runoff of Treasury securities at $5 billion per…
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Bitcoin’s long-term holders have resumed accumulation in what is a notable shift in investor sentiment despite the turbulence that has gripped the market in recent weeks. Particularly, data from on-chain analytics platform Glassnode shows that the “BTC: Long-term holder net position change” metric has flipped positive for the first time this year. This suggests that…
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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Xapo Bank announced a new loan service that lets customers use their Bitcoin as collateral, marking another step in cryptocurrency’s move toward mainstream financial services. The service allows qualified members to borrow up to $1 million against their Bitcoin holdings, though UK…
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On-chain data shows the Bitcoin transaction count has plunged to the lowest level since October 2023. Here’s what this could mean for BTC’s price. Bitcoin Transactions Have Seen A Significant Slowdown Recently As pointed out by CryptoQuant author IT Tech in a new post on X, the BTC transfer activity has dropped to relatively low…
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Bitcoin’s corrective phase set a four-month low at $76,600 on March 11. Despite this decline, long-term holders have continued to hold large amounts of BTC, suggesting a “unique market dynamic moving forward,” new research says. “Long-Term Holder activity remains largely subdued, with a notable decline in their sell-side pressure,” Glassnode said in a March 18…
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The leader of BlackRock’s digital asset unit aimed Wednesday to dispel perceptions of Bitcoin as a risky investment as the cryptocurrency market swoons. In an interview with CNBC’s Squawk Box, BlackRock Digital Asset Head Robert Mitchnick said the cryptocurrency industry has promoted the idea that Bitcoin is a risk-on asset, despite the fact the token…
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Congressman and Vice Chairman of the Digital Assets Subcommittee Tom Emmer believes the strategic Bitcoin (BTC) reserve plan to acquire 1 million BTC will be enacted before the end of this Congress. While participating in the Digital Asset Summit, he acknowledged the multiple bills to implement state-level Bitcoin reserves. According to data from the Bitcoin…
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Global M2 money supply is at an all-time high — so why isn’t Bitcoin surging? Is something broken, or is a delayed breakout coming? Markets on edge as the Fed meeting looms Markets are heading into the Federal Reserve’s Mar. 18-19 meeting with mounting uncertainty as economic conditions remain volatile. Stock markets have stumbled, inflation…
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Spot Bitcoin exchange-traded funds have generated more than $500 million in net inflows over the past three days, regaining lost ground amid a small rally in the funds underlying asset and wider gains in risk-on assets. The ARK21Shares Bitcoin ETF (ARKB), the Fidelity Wise Origin Bitcoin Fund (FBTC) and BlackRock’s iShares Bitcoin Trust (IBIT) were…