What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Important: You must lock a minimum of 20,000 ACS If you don’t …
Continue reading “Bitcoin’s recent decline mirrors past cycle trends”
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Important: You must lock a minimum of 20,000 ACS If you don’t …
Continue reading “Liquidation heatmap shows volatility ahead as Bitcoin drops to $57k”
Former Binance CEO Changpeng Zhao said the crypto industry has entered the next phase where “compliance is super important.” The convicted founder made this statement after being sentenced to four months imprisonment for breaking US compliance rules. Zhao said: “I will remain a passive investor (and holder) in crypto. Our industry has entered a new …
Quick Take Farside data shows that Bitcoin (BTC) exchange-traded funds (ETFs) experienced another outflow of $161.6 million on April 30. Currently, BTC ETFs are seeing a joint record stretch of outflows, with investors pulling money for the fifth consecutive trading day on April 30. Over this five-day period, the total outflow has reached a staggering …
Continue reading “Bitcoin ETFs endure outflows, totaling $635 million over five trading days”
Quick Take CryptoSlate’s analysis sheds light on the anticipated hash rate adjustment, with historical trends indicating a potential 20% decrease post-halving. Past cycles reflect significant hash rate corrections: 39% in 2012, 11% in 2016, and 26% in 2020. As of 2024, we’ve observed a 6% decline so far, taking the hash rate from 649 eh/s …
Continue reading “Bitcoin faces potential miner capitulation as hash rate continues to drop”
Hong Kong has emerged as a key player in the race to become Asia’s premier crypto hub, as it launched the region’s first spot crypto ETFs on April 30 with a day-one inflow of over $130 million across Bitcoin and Ethereum. To gain deeper insight into the implications of this milestone and Hong Kong’s evolving …
The crypto market started the new month of May in red, with Bitcoin’s price plunging to a two-month low of under $56,500. This decline extends the downtrend from April, marking Bitcoin’smost challengingt month since the November 2022 crash triggered by the collapse of the FTX exchange. Red market According to CryptoSlate’s data, Bitcoin’s price sank …
On Tuesday, U.S. spot bitcoin exchange-traded funds (ETFs) registered their fifth consecutive day of net withdrawals, documenting a substantial $161.6 million in negative outflows. Over the last two days, Grayscale’s Bitcoin Trust (GBTC) has offloaded 1,731.56 BTC, diminishing its reserves to 296,713.90 BTC. Bitcoin ETFs Continue to See Persistent Outflows Since April 24, 2024, U.S. …
Continue reading “US Spot Bitcoin ETFs Report 5 Straight Days of Outflows, Totaling $635 Million”
During the widespread downturn in the cryptocurrency markets, publicly listed companies within the sector such as Coinbase, Microstrategy, and bitcoin mining enterprises have experienced notable declines in their stock values. Shares of Coinbase have fallen by over 21% since last month, and in the same period, Marathon Digital Holdings’ shares have dropped more than 28% …
Continue reading “Crypto Market Downturn Hits Coinbase, Microstrategy, and Mining Stocks Hard”
Bitcoin’s technical analysis reveals a protracted bearish trend, reflecting significant selling pressure and resistance to upward movement. With today’s price standing between $57,505 and $58,059 at 8 a.m. ET, oscillators and moving averages predominantly suggest a continuation of this decline. Bitcoin On the BTC/USD daily chart, the trajectory of lower highs and lower lows underscores …
Continue reading “Bitcoin Technical Analysis: Uncertainty Looms as Bearish Patterns Persist”
Approximately 50 users of Beribit, a Russian cryptocurrency exchange, recently tried to storm the company’s Moscow offices to demand their digital assets. Beribit’s management has attributed the delay in processing withdrawal requests to an audit initiated following the discovery of discrepancies in the exchange’s balance sheet. Balance Sheet Discrepancies About 50 users of the Russian …
PRESS RELEASE. Bitlight Labs Launches Public Release of Bitlight Wallet, the First Self-Custodial Bitcoin Wallet Supporting RGB Assets Bitlight Labs, a pioneer in RGB protocol and Lightning Network infrastructure development and a board member of the LNP/BP Association, announced the launch of its flagship product, Bitlight Wallet, on April 27, 2024, at 14:00 UTC. Bitlight …
An ongoing presale for Solana’s greatest multichain good boy Dogeverse ($DOGEVERSE) has taken in $13 million so far, with at least $2 million flooding into […] Go to Source
Bitcoin plummeted more than 8% in the past 24 hours to trade at $56,900.42 as of 4:55 a.m. EST as crypto markets had their worst […] Go to Source
Binance founder Changpeng Zhao, known as CZ, was sentenced to four months in prison after pleading guilty to anti-money laundering violations, a term that some […] Go to Source
