Glassnode’s latest weekly on-chain report indicated that long-term holders of Bitcoin (BTC) are at a multi-year high and markets are not yet saturated with profit-taking. These long-term holders (LTH) appear to be reducing their spending while continuing to add to their positions, according to the Nov. 22 report by analytics provider Glassnode. The analysis delved …
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Leading digital asset manager CoinShares says institutional investors are taking the opportunity to buy the dip on Bitcoin (BTC), Ethereum (ETH) and Solana (SOL). According to the firm, Bitcoin’s 12% dip amid the overall crypto market correction has not dampened investor sentiment. “Digital asset investment products saw inflows totaling US$154m last week, with the most …
The crypto asset economy has been down in value over the last week as a great number of digital currencies shed significant amounts. The entire crypto-economy is down under the $3 trillion mark, hovering around $2.7 trillion across 10,970 cryptocurrencies. Bitcoin dominance is just above the 40% region while ethereum’s market commands 18.4% of the …
IDO Will Follow on November 26th Anomus has been a well-anticipated project that has gained much attention over the last few months. Today Anomus is announcing the closure of its private sale round with a very successful and promising oversubscription. The oversubscription was well anticipated by the team; which is due to the project’s hype …
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Over the weekend, the European Crypto EuroSwap EDEX project successfully closed the first phase of Priority Session and moved onto the second. At the start of development, the project attracted great attention to their prospective ideas and practical technology. Now developers are ready to submit to the team and announce the following major steps. And …
Looking at the past 7-days of winners and losers might give one the impression that cryptocurrency markets are net positive. Still, total market capitalization actually fell by 6.7% to $2.72 trillion as Bitcoin’s (BTC) price retraced 8.3% to $58,425. Top winners and losers from the sector’s top 80 coins. Source: Nomics The only connection between …
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The World Economic Forum, or WEF, has published a resource suite aimed at informing lawmakers and individuals in the private sector about digital assets including central bank digital currencies and stablecoins. On Friday, the WEF announced its Digital Currency Governance Consortium White Paper Series, a resource suite created by 85 organizations from 40 countries around …
The Central Bank of Kenya (CBK) governor, Patrick Njoroge, has said his institution is currently exploring the use of central bank digital currencies (CBDC) to settle cross-border payments. Njoroge however insists the bank’s priority is getting it right rather than being the first. CBK’s Approach According to a report by the Kenyan Wallstreet, Njoroge — …
For those of you unfamiliar with the acronym, WAGMI stands for, “We’re all gonna make it,” and embodies the starry-eyed conviction of crypto enthusiasts. It is a phrase that conjures images of affluence; mansions, yachts, parties, mountains of cash. But most importantly, it embodies the main goal; financial freedom. The freedom to do what we …
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The Australian financial market watchdog has announced that it was working with legislatures to create a crypto regulatory framework. However, the regulators stated that at the moment, cryptocurrencies were highly unregulated, and investors who interacted with these assets were “on their own.” The revelation comes as the market records major gains, and Australia takes a …
sponsored IDO Will Follow On November 26th Anomus has been a well-anticipated project that has gained much attention over the last few months. Today Anomus is announcing the closure of its private sale round with a very successful and promising oversubscription. The oversubscription was well anticipated by the team; which is due to the project’s …
Continue reading “Anomus Private Round Closes With Uber-Subscribed Sales”
Bitcoin (BTC) continues to be pinned down below $60,000, indicating that higher levels are attracting selling from traders. The S&P 500 made a new all-time high on Nov. 22 due to reports that United States President Joe Biden had renominated Jerome Powell to serve a second term as the Federal Reserve chair. This news also boosted …
Continue reading “Price analysis 11/22: BTC, ETH, BNB, SOL, ADA, XRP, DOT, AVAX, DOGE, SHIB”
Institutional investors were unfazed by the recent correction in the cryptocurrency markets, as digital asset funds dedicated to Bitcoin (BTC) and Ether (ETH) continued to grow, according to data from CoinShares. Crypto investment products, which include exchange-traded funds (ETFs), saw weekly inflows totaling $154 million for the week ending Nov. 20, according to CoinShares’ latest …
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Shiba Inu and Dogecoin have made notable gains this year. The two meme coins currently rank as top cryptocurrencies in the market and are also listed on leading exchange platforms. The gains made by the two meme coins seem to have attracted the attention of American investors after they emerged to be the two most …
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Bitcoin has chosen violence. The first crypto by market cap trades at $57,873 with a 3% loss in the daily and an 11.2% loss in the weekly chart. BTC on a downtrend in the daily chart. Source: BTCUSD Tradingview After making a push close to $60,000 Bitcoin was rejected and has trended to the downside …
Continue reading “This Bitcoin Metric Hints At Bottom, Is BTC Out The Woods?”
