Quick take: Data from Glassnode shows that 10,000 Bitcoin (BTC) left OKEx 48 hours before withdrawals were suspended Approximately $2.3 Billion in Bitcoin is held in OKEx BTC wallets Whale Alert bot has flagged 5,000 BTC...
Quick take: The amount of ETH and BTC locked in DeFi currently stands at $4.78 Billion This amount represents 43% of the total value locked in DeFi The number of ETH locked in DeFi has increased...
In summary: Bitcoin is exhibiting a good level of bullishness above $11k However, Bitcoin’s correlation to stocks and gold could be a bad thing with the US elections two weeks away A drop in the stock...
Summary: MicroStrategy CEO, Michael Saylor, has categorized Bitcoin as an asset and not a commodity He explains that commodities are abundant and should be traded Additionally, assets such as Bitcoin are scarce and should be owned...
Summary: Bitcoin has comfortably broken the $12k ceiling With this move, BTC addresses in profit have hit a new all-time high of 30.4 Million It is still too early to comfortably declare that $12k is a...
Quick take: Paypal’s US customers can now buy, sell and hold Bitcoin and other cryptocurrencies PayPal’s 346 Million global customers will soon have access to similar services The move was made possible through a partnership with...
Quick take: The team at Weiss Crypto Ratings has pointed out that Bitcoin seems to be decoupling from the stock market This comes after Bitcoin broke both $12k and $13k in quick succession as the stock...
Summary: The chance of Bitcoin hitting $20k or higher by the end of the year currently stands at 7% This is a 2% increment from the 5% probability witnessed back in late June Bitcoin’s open interest...
Summary: Institutional demand for Bitcoin is rising as CME BTC Futures are now ranked second The open interest of the CME Bitcoin futures eclipses that of Binance, Bitmex and even Bybit This is a sign of...
Summary: 785,999 Bitcoin is held by private and publicly traded companies This translates to roughly $10.2 Billion using Bitcoin’s current value at $13k Of this amount, 610,302 Bitcoin is held by publicly traded companies and 175,697...
Quick take: Veteran Bitcoin analyst, MagicPoopCannon, believes that once Bitcoin rises above $14k, it will challenge $20k next His analysis was a few hours before Bitcoin set a 2020 peak of $13,498 – Binance rate Bitcoin...
Summary: Bitcoin has corrected hard to $13k after setting a 2020 peak of $13,858 Bitcoin dropping hard could signal the end of its bullishness at least in 2020 If history is to go by, Bitcoin correcting...