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Coinbase Global (COIN 3.27%) just made a move that could open up new capital inflows for both Bitcoin (BTC -0.28%) and XRP (XRP -2.09%), among other cryptocurrencies large and small. Importantly, the same action could also end up routing a large and growing number of developers into the crypto sector, which would have major knock-on effects…
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Japan’s Metaplanet has issued more zero-interest bonds, using some of the proceeds to buy 150 BTC worth around $12.5 million. The company said today in a notice to shareholders that it issued 2 billion yen ($13.4 million) in zero-interest ordinary bonds for buying BTC, with Evo fund once again acting as the sole bondholder. These…
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Japan’s Metaplanet has issued more zero-interest bonds as the listed company looks to asquire more bitcoin (BTC). The company said today in a notice to shareholders that it issued 2 billion yen ($13.4 million) in zero-interest ordinary bonds for buying BTC, with Evo fund once again acting as the sole bondholder. These bonds carry no…
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On-chain data shows the Bitcoin miners have continued to make large deposits to exchanges recently, a sign that could be bearish for BTC’s price. Bitcoin Miner Exchange Netflow Has Been Seeing Positive Spikes In a new post on X, CryptoQuant author IT Tech has discussed about the latest trend in the Bitcoin Miner to Exchange…
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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure On-chain data shows the largest of Bitcoin holders have been slowly shifting back to buying while the other cohorts have continued to distribute. Bitcoin Accumulation Trend Score Showing Initial Signs Of Market Shift In a new post on X, the on-chain analytics…
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The calm that has returned to the bitcoin (BTC) market may be short-lived, potentially setting the stage for a storm that could trigger significant price volatility, according to insights from the decentralized crypto on-chain options platform Derive. Since March 12, BTC has settled in the $80K-$85K range in a consolidation typically seen after a notable…
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Japanese investment firm Metaplanet has issued another set of 0% ordinary bonds to EVO FUND, worth $13.35 million, with the aim of buying more Bitcoin. According to a recent notice, the Tokyo-based investment firm is issuing ¥2 billion to EVO FUND, based on a decision made at the company’s board of directors meeting. This marks…
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The Bitcoin (BTC) bull market is over, according to crypto research firm CryptoQuant’s founder Ki Young Ju. Ju posted on X that he is expecting 6-12 months of bearish or sideways price action as the BTC bull run loses steam, citing declining liquidity in the market. “New liquidity is needed. The on-chain realized cap has…
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Has the plan worked? Yes — and no. The good news for bitcoin fans is that bitcoin became spectacularly popular: By the start of this year, the once-worthless digital ledger entries were fetching more than $100,000 each. The bad news is that, instead of taking the place of paper dollars and bank deposits in routine…
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Current Market Context for Bitcoin Futures Today Bitcoin futures are trading at $82,700, with bears in control as long as price remains below $82,800, the Value Area Low (VAL) of today. The bullish threshold will only be activated if Bitcoin reclaims yesterday’s VWAP at approximately $83,650. This means that Bitcoin is in bearish territory, but…