The Bitcoin bull cycle is still far from over with many large Bitcoin investors selling, as the market is entering a period of price correction, according to on-chain analytics platform CryptoQuant. Bitcoin, the world’s largest cryptocurrency by market capitalization, may have now entered into a period of price correction after the price reached an all-time-high...
Bitcoin has experienced a pullback of over 10% from its all-time high, with the demand for spot Bitcoin exchange-traded funds (ETFs) showing signs of moderation, while analysts at JPMorgan Chase and Co. have cautioned that this retreat may have more room to run, Bloomberg reported Friday. The group of 10 spot Bitcoin ETFs recently witnessed its largest...
Blockchain analytics company Arkham predicts that crypto investment firm Grayscale’s GBTC product will run-out of all its Bitcoin holdings in 96 days, at the current rate of redemptions. At the current rate of redemptions, GBTC runs out of Bitcoin to sell in 96 DAYS. Since GBTC started trading as an ETF on 11th January, Grayscale...
Bestselling author of ‘Rich Dad Poor Dad,’ Robert Kiyosaki, urged followers on Monday to purchase Bitcoin (BTC) ahead of the April halving event. In a post to Twitter, the author promised to buy 10 more BTC before the start of April due to his conviction around the event, which will cut the rate at which...
The 50-day Exponential Moving Average (EMA) at $66,749 underlines a solid uptrend, reinforced by Bitcoin’s breakout from a symmetrical triangle pattern that previously capped gains around the $66,500 level. The current technical setup projects a bullish outlook for Bitcoin, indicating further upside potential above $69,750, while a descent below this benchmark could pivot to a...
Nilam Resources has signed a letter of intent with Xyberdata to buy $1.70 billion worth of bitcoin amid the ongoing crypto market rally. According to Nilam Resources, Inc.’s announcement on March 25, the acquisition involves the Mauritius-based special purpose entity MindWave, which holds 24,800 Bitcoin and other digital assets. Nilam Resources Acquires 24,800 Bitcoin The...
Russian government bodies, the nation’s anti-money laundering agency, and the Central Bank have reportedly “come to a consensus” on crypto policy. The breakthrough could finally put an end to a long-standing crypto impasse in Moscow. It could also see Russia belatedly start regulating the crypto sector. Russian Government’s Crypto ‘Breakthrough’ According to the media outlet...
The price of Bitcoin has maintained a level around $70,500 despite recent outflows from spot ETFs. At the time of writing, the leading cryptocurrency is trading at $70,584, up by 5.12% over the past 24 hours, according to data from CoinMarketCap. The flagship cryptocurrency is up by almost 9% over the past week and by...
A South Korean civil servant was arrested on March 27 on charges of committing crypto-related fraud and carrying out voice phishing attacks. According to Fn News, the accused is a level six district office official in her 50s. Police said she “received money from multiple victims.” Police say she converted the fiat to Bitcoin (BTC)....
Recognizing the potential benefits of Bitcoin‘s role as a portfolio diversifier, asset managers have been actively increasing their Bitcoin allocations. In a recent note, crypto asset trading firm QCP Capital revealed that asset managers continue to add Bitcoin allocations as a “portfolio diversifier.” Additionally, requests for structured products such as Accumulators and FCNs have flooded...