Net inflows of Bitcoin into Exchange Traded Products amounted to 9,765 BTC in the same month. This led global ETP holdings to grow to 197,536 BTC by the end of May. In particular, the report highlighted that Canadian BTC ETPs saw massive net inflows of 10,182 Bitcoin in the month of May and the highest […]
According to his analysis, Arthur Hayes has forecasted that Bitcoin could bottom between $25,00 and $27,000. To puke 80,000 physical Bitcoin is quite a feat. …Read the full story
The State of New York is once again on the cusp of banning crypto mining activities of proof-of-work networks such as Bitcoin and Ethereum. We must not go backwards on our commitment, in law, to prevent these disastrous impacts to the residents of New York. At the time of writing, there is an online public […]
The possibility of Bitcoin becoming attractive as a store of value was explored by the Crypto Venture Advisor at Presight Capital, Patrick Hansen, who pointed out via Twitter that the war in Ukraine could accelerate the trend of counties allocating less USD to their foreign currency reserves. Mr. Hansen was responding to another Tweet that […]
The majority of these users come from a select few applications integrating Lighting payments, but the number of users on already existing applications has also risen significantly. …Read the full story
According to the report, the world is shifting towards the digitization of finance and Ethereum is best placed to revolutionize the old way of doing things. In addition to Ethereum being at the forefront of digitizing finance, the team at Bloomberg highlighted its current bullish momentum in the crypto markets as being similar to that […]
According to a recent analysis by the team at Glassnode, investors holding less than 1 Bitcoin, have been staking sats from early 2018 to date. …Read the full story
The creator of the Bitcoin stock-to-flow model, PlanB , has forecasted that BTC is set for a jump towards $100k. In an earlier analysis as seen through the tweet below, @100trillionUSD shared a chart of Bitcoin’s monthly RSI in which he pointed out that it was hovering around 90. At the time of writing, Bitcoin […]
Furthermore, the same long-term holders are actually accumulating more Bitcoin and currently hold 67% of the circulating supply, which is still lower than the amount held by long-term holders in 2017. Evidence of accumulation of Bitcoin by whales has been identified by the team at Santiment who shared their analysis in the tweet below. As […]
His analysis is based on the adoption of Bitcoin on a global scale. …Read the full story
Bitcoin and Crypto analyst, Timothy Peterson, of Cane Island Alternative Advisors, has forecasted that Bitcoin could reach $10 million in our lifetimes. The research note goes on to explain that Bitcoin’s maximum price will likely be between $1 Million and $10 million and take roughly 15 to 30 years to achieve. …Read the full story