As Bitcoin investors bask in the recent 9.34% gain that saw the cryptocurrency trading above $71,000, all eyes are now on the upcoming halving event. Bitwise CEO, Hunter Horsley, has voiced his opinion on the significance of the impending halving, stating that it could be the most crucial event in Bitcoin’s trading history due to
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Kerrisdale Capital recently released a report claiming that MicroStrategy’s shares are currently overvalued. They believe that MicroStrategy’s shares are trading at a premium to the actual spot price of Bitcoin, which the company views as unjustifiable. This assertion led to a significant 14% decrease in MicroStrategy’s shares following the report’s publication. Analysis of the Premium
The Binance-linked HKVAEX exchange has announced the closure of its services and the withdrawal of its application for an operational license in Hong Kong. The move, which came just three months after the company applied for the license, was confirmed through a notice on the Securities and Futures Commission (SFC) website. The exchange, operating under
Ethereum has been maintaining a strong position above the $3,500 price level, with investors eagerly looking forward to a potential push past the $4,000 mark. This surge in optimism has corresponded with a significant increase in open interest in Ethereum futures. Open interest is a valuable metric that tracks the total number of open positions
The recent hack of Prisma Finance, where $11.6 million was stolen from the decentralized finance (DeFi) protocol, has raised questions and sparked discussions within the cryptocurrency community. The attacker behind the hack claimed that it was a “whitehat rescue” and expressed a desire to return the funds back to the platform. This raised eyebrows as
Bitcoin (BTC) is currently in a position for a potential surge, as indicated by a bullish technical pattern and increasing institutional investments. Analyst Ali Martinez recently identified a bull flag pattern on Bitcoin’s 4-hour chart, suggesting a consolidation period following a significant price increase. This phase, characterized by a slight downward trend and decreasing trading
The Chief Investment Officer (CIO) of Bitwise, Matt Hougan, recently shared insights on the future of spot Bitcoin exchange-traded funds (ETFs) during a 20-day road trip he embarked on. His observations shed light on the current state of adoption and allocation trends among investors and institutions. Hougan’s encounters with financial advisors revealed a stark contrast
In recent weeks, Bitcoin bulls have regained control, bringing a bullish sentiment back to the market after a period of price dips. One clear indicator of this bullish outlook is the impressive amount of inflows into Spot Bitcoin ETFs. Farside Investors reported a significant increase in inflows on March 27, with the Spot Bitcoin ETFs
The recent surge in the price of Bitcoin has attracted the attention of large investors known as whales, who hold at least 1,000 BTC in their wallets. These whales have been taking advantage of the dip in Bitcoin’s price to accumulate more coins, with the number of addresses holding at least 1,000 BTC increasing by
In recent days, KuCoin, a prominent cryptocurrency exchange, has faced a significant surge in withdrawal requests following the announcement of criminal charges by US authorities. Various on-chain analytics firms, such as DefiLlama, Nansen, and SpotOnChain, have reported a sharp increase in withdrawals across different categories of traders, including whales, funds, smart money, and market makers.
