Category: Bitcoin

Auto Added by WPeMatico

Read More

On-chain Metric Flashes First Bitcoin Buy Signal Since 2019 – Here is What You Need to Know

According to crypto data analytics firm CryptoQuant, an on-chain metric is giving off a definitive Bitcoin buy signal for the first time since 2019. CryptoQuant’s Profit and Loss (PnL) Index, an index constructed from three on-chain indicators relating to the profitability of the Bitcoin market, recently crossed back above its 365-Day Simple Moving Average (SMA) after a prolonged spell below it….
Read More: On-chain Metric Flashes First Bitcoin Buy Signal Since 2019 – Here is What You Need to Know
Read More

Investors Pile Back Into Bitcoin As Bulls Bet Bottom Is In – Where Could BTC Price Go Headed Next?

Digital asset investment products saw their largest inflows since July 2022, according to the latest weekly fund flows report from crypto intelligence firm CoinShares. $117 million in capital entered the crypto investment product space, with Bitcoin dominating and accounting for $116 million of the inflows….
Read More: Investors Pile Back Into Bitcoin As Bulls Bet Bottom Is In – Where Could BTC Price Go Headed Next?
Read More

Bitcoin Sees $116M in Inflows as Price Holds Near 6-Month Highs

Bitcoin-tied investment funds saw $116 million in inflows last week as the flagship cryptocurrency has managed to hold gains and stay firm so far this year. 
According to a Monday report by digital investment company CoinShares, digital asset investment products saw $117 million in inflows last week, with Bitcoin accounting for $116 million of that figure. This marks the largest digital asset inflows since July 2022, the report noted. …
Read More: Bitcoin Sees $116M in Inflows as Price Holds Near 6-Month Highs
Read More

Bitcoin Option Markets Keep Sending Bullish Signals – Here’s the Implications for BTC Price

Bitcoin options markets continue to signal that investors are anticipating further upside in the BTC price. According to a chart on The Block, the widely followed Bitcoin 25% delta skew has remained above zero since the middle of January and recently hit its highest since Q4 2021 at close to 6.0….
Read More: Bitcoin Option Markets Keep Sending Bullish Signals – Here’s the Implications for BTC Price
Read More

The SEC Just Denied Ark 21Shares Bitcoin ETF for the Second Time – Here’s Why

The US Securities and Exchange Commission (SEC) has yet again refused to give its regulatory blessing to Ark Investment Management and exchange-traded note (ETN) issuer 21Shares to list a spot Bitcoin (BTC) exchange-traded fund (ETF).
According to the document published on January 26, the SEC discussed the Cboe BZX Exchange on which the ETF would be listed and stated that, …
Read More: The SEC Just Denied Ark 21Shares Bitcoin ETF for the Second Time – Here’s Why
Read More

Bitcoin Miner Sales Slump to Three Year Lows as Capitulation Risks Fade – What Does This Mean For The BTC Price

According to data cited by Bitfinex analysts earlier this week, Bitcoin miners are slowing the pace at which they sell the world’s largest cryptocurrency by market capitalization. Bitfinex, citing on-chain data from crypto analytics platform Glassnode, said that BTC flows from miner wallets to exchanges, said “selling is at a three-year low”….
Read More: Bitcoin Miner Sales Slump to Three Year Lows as Capitulation Risks Fade – What Does This Mean For The BTC Price
Read More

Latest Earnings Report: Tesla Held All of its Bitcoin Despite Market Turbulence

Tesla, the electric car company owned by Elon Musk, did not sell any of the bitcoin (BTC) it holds on its balance sheet during the bear market, a new earnings report from the company reveals.
According to Tesla’s earnings report for the 4th quarter of 2022, the company held $184m worth of “digital assets” as of the end of the year, down from $218m as reported for the third quarter.
The earnings report was released by Tesla on Wednesday this week:…
Read More: Latest Earnings Report: Tesla Held All of its Bitcoin Despite Market Turbulence
Read More

Is The Bitcoin Bear Market Over? An Increasingly Strong Confluence of On-Chain/Technical Indicators Say Yes

Six out of eight indicators watched by analysts at crypto data analytics platform Glassnode to identify when Bitcoin is transitioning out of a bear market are flashing bullish signals, and a seventh is likely to also soon turn green. Glassnode’s “Recovering from a Bitcoin Bear” dashboard of indicators seeks to help Bitcoin investors identify when the Bitcoin market is moving towards a healthier trend by watching a mixture of on-chain, technical and network fundamental indicators….
Read More: Is The Bitcoin Bear Market Over? An Increasingly Strong Confluence of On-Chain/Technical Indicators Say Yes
Read More

Crab, Fish and Shark BTC Accumulation Stabilizes – What This Means For the Bitcoin Price

After rising sharply in number in wake of the Bitcoin price drop that was triggered as a result of the collapse of the FTX cryptocurrency exchange in early November, the number of so-called Crab, Fish and Shark cryptocurrency addresses has stabilized, data from on-chain crypto analytics firm Glassnode suggests….
Read More: Crab, Fish and Shark BTC Accumulation Stabilizes – What This Means For the Bitcoin Price