The year 2024 has brought a whirlwind of activity in the world of Bitcoin, with significant developments and price fluctuations. From the approval of spot Bitcoin ETFs by the SEC to a decrease in the cryptocurrency’s price and selloffs from the Grayscale BTC Trust, the market has witnessed various events. Amidst these happenings, on-chain data
Bitcoin
Bitcoin has experienced a recent surge, surpassing $42,000 after trading below $40,000 for several days. This market recovery can be attributed to various factors, one of which includes recent revelations about the US economy. The release of the personal income expenditures (PCE) price index on January 26, which reported lower-than-expected inflation, suggests that inflation in
The US government recently announced its plans to offload a significant portion of its Bitcoin (BTC) holdings, and this revelation has sparked concerns within the crypto community. The Department of Justice (DOJ) has given notice of its intent to dispose of over $130 million worth of Bitcoin. These crypto assets were part of what had
Chinese investors have remained undeterred in their pursuit of Bitcoin, despite the government’s ban since 2021. Despite regulatory constraints, Chinese investors continue to be drawn to Bitcoin as a safe haven asset and a means of diversifying their investment portfolios. One notable example is Dylan Run, a finance executive in Shanghai, who ventured into Bitcoin
The current market turmoil has taken a toll on the Bitcoin Fear & Greed Index, with the indicator plummeting to its lowest level in over three months. As crypto investors grow increasingly fearful and hold their investments from the market, this decline reflects a significant shift in sentiment. This article delves into the factors influencing
The world of Bitcoin has been a turbulent one, with price volatility causing uncertainty among investors. In the midst of this chaos, one figure stands out, radiating unwavering optimism: Samson Mow, the self-proclaimed evangelist of the cryptocurrency. With his recent transition from Chief Strategy Officer at Blockstream to CEO of Jan3, a company focused on
Cryptocurrency analyst and enthusiast, Chris J Terry, has recently shared his insights on the price action of Bitcoin. According to Terry, the price of the leading cryptocurrency is expected to experience a continuous decline. He expressed this prediction to the cryptocurrency community on the social media platform X. Terry believes that this downtrend will persist
The price of Bitcoin has faced challenges in recent weeks, with a decline of over 3%. However, there may be hope on the horizon as the number of Bitcoin whales has shown a significant increase. This revelation comes from popular crypto analyst Ali Martinez, who used data from the on-chain analytics firm Glassnode to highlight
Fidelity’s Bitcoin spot ETF, known as FBTC, has made a significant impact on the market since its official launch on January 11. According to data from BitMEX Research, FBTC has witnessed a total inflow of over $1 billion within just five days of trading. This is a remarkable achievement, considering the recent dip in Bitcoin’s
Tether, the issuer of the world’s largest stablecoin USDT, has recently made a significant move in the crypto space by acquiring a staggering 8,888 BTC. This bold investment demonstrates Tether’s commitment to diversify and strengthen its portfolio, as well as its confidence in the future trajectory of Bitcoin. With this recent purchase, Tether now holds