Bitcoin (BTC) Volatility Amid FOMC Meeting, Shiba Inu (SHIB) Developments, and More: Bits Recap June 13
TL; DR Bitcoin peaked at $72,000 last Friday, quickly fell below $70,000, and fell to $66,000 before the CPI announcement...
Bitcoin News
Bitcoin 92-day consolidation is preparing a ‘big’ rally – traders
Bitcoin has been on its longest streak of consolidation at 92 days and counting, and analysts believe the extended stability...
The Uzbek court sentenced the student to 10 days in prison for selling crypto
A 24-year-old graduate of Termez State University was sentenced to 10 days of administrative detention for selling cryptocurrency notcoin. Termez...
Turkish lira’s crypto volume market share is at an all-time high.
The Turkish Lira (TRY) crypto volume market share has reached an all-time high due to currency devaluation and foreign exchange...
BTC recovers $69k, derivatives point to further upside
Bitcoin (BTC) found support at $69,000 before falling to $66,000 on June 12 amid macroeconomic uncertainty, pressure from miners and...
Report: Major entities hold more than 4 million bitcoins, accounting for 27% of supply.
The latest Glassnode onchain report shows that major token holders collectively hold approximately 4.23 million bitcoins, which is more than...
US Spot Bitcoin ETFs See $200M Net Inflow Ahead of Major Economic Indicators
On Tuesday, June 11, US spot Bitcoin exchange-traded funds (ETFs) experienced a net inflow of $200 million, as the market...
‘Most’ ETF flows can be driven by arbitrage – Raul Pal
About two-thirds of the net worth of Bitcoin exchange-traded funds (ETFs) could come from arbitrage, according to Raul Pal, CEO...
UBS recommends buying gold dips amid economic uncertainty
The UBS editorial team, made up of financial analysts and economists at UBS, the world's leading financial services firm, recommends...
Dormant Bitcoin Wallet moves more than 535 million USD worth of BTC
A bitcoin wallet that has been dormant for years has re-emerged, moving 8,000 BTC worth about $535.64 million after a...
Bitcoin Open Interest Hits All-Time High of $36.3 Billion: Here’s Why
Bitcoin futures hit an all-time high in the US dollar on Monday, hitting $36.3 billion over 500,000 BTC. Analysts say...
Sky Mavis Discord Wants to Escape, SocialFi Boosts Gaming Revenue: Web3 Gamer
Web3 games won't use Discord channels forever, says Sky Mavis founder Discord community groups for blockchain games can be overwhelming...
Nigerian minister: Binance failed to pay more than $20 billion in taxes
By 2023, Binance will generate more than $20 billion in revenue in Nigeria. However, the company did not pay taxes,...
Bitcoin fell below $68,000 after 19 days of ETF outflows
By early Tuesday, the price of Bitcoin had fallen sharply to $67,900. This represented a decline of more than 3.3%...
Bitcoin’s Short-Holder Realized Price Hits $64,000, Confirming BTC’s Rally
As the price fell above $70,000 on June 10, the price of BTC short-term holders (STHs) is rising, saying BTC's...
Modi Appoints Nirmala Sitharaman as India’s Finance Minister – Investors Concerned About High Crypto Taxes
Indian Prime Minister Narendra Modi appointed Nirmala Sitharaman as Finance Minister. She plays a critical role in shaping India's economic...
Crypto Investments Hit $4.3 Billion Amid Interest in Bitcoin ETFs
Cryptocurrency investments continue to record growing capital inflows, fueled by Bitcoin spot ETF (exchange-traded funds) approvals in January. While Bitcoin...
Meme Coin Craze Continues, Bitcoin Price Fixes, And Much More: Bits Recap Jun 10
TL; DR Bitcoin traded between $68,500 and $72,000, settling at $69,500. Despite the current uncertainty, analysts are predicting an increase...
Crypto inflows reach 2B in June, Ethereum sees best week since March at $69M
Digital asset investment products got off to a positive start in June, with almost all providers seeing revenue and recording...
Explained what inflation is and why it happens
While many are familiar with inflation, which refers to a decline in the purchasing power of a currency alongside an...
While hedge funds grow short bets, Bitcoin ETFs grow.
Hedge funds are increasing their short positions in Bitcoin on the Chicago Mercantile Exchange (CME), even as bitcoin exchange-traded funds...
Demand Growth Has Increased for Bitcoin: What Does This Mean?
Analysts at market intelligence platform CryptoQuant have identified an increase in demand for bitcoin (BTC) from large investors and regular...
