Bitcoin’s circulating supply has reached 20.1 million, with the protocol capping the total at 21 million. This fixed supply highlights a stark contrast to the soaring federal debt, currently at $40.4 trillion, as noted by @BitGo. The implications of these numbers could significantly impact market sentiment and investment strategies moving forward. The Story So Far […]
Bitcoin fell toward $81,736 after reaching $84,800, reversing above October’s second-week high near $84,400. This $BTC retreat consequently raised the risk of a failed breakout, exposing the token to potential downside risks below $79,000. Price Level Technical Significance $84,400–$84,800 Swept resistance zone $83,700 Monthly equilibrium $81,000–$80,400 Immediate support $79,800–$79,600 Downside liquidity zone $77,600 Lower valuation […]
Franklin Templeton, a global investment management powerhouse with $1.8 trillion in AUM, has been approved to launch two new Bitcoin-oriented ETFs to trade on the Nasdaq stock exchange. As per the filing with the U.S. Securities and Exchange Commission (SEC), the company has filed a registration for two investment vehicles that will systematically transform U.S. […]
U.S. midterm elections are just 10 days away and bitcoin $BTC$84,459.46 is approaching a period that has historically coincided with major bear-market bottoms, although this year’s recovery suggests the timing could differ. Bitcoin bottomed in January 2015, December 2018 and November 2022, shortly after the preceding midterms. Those lows arrived approximately 71, 38 and 13 […]
Bitcoin, the leading cryptocurrency, is fluctuating within a narrow range of $80,000-$84,000, with the anticipated major surge failing to materialize. In its latest report, CoinShares analyzed the factors limiting the rise in BTC. According to CoinShares, Bitcoin is showing resilience to declines thanks to a recovery in spot buying and an improvement in market sentiment, […]
The US elections, closely followed by Bitcoin and cryptocurrency investors, are just around the corner. With the US midterm elections scheduled for November 3rd, an analyst has examined the connection between these elections and the $BTC price. How is Bitcoin behaving after the US Midterm Elections? Analyst Ali Martinez, closely followed by investors, brought up […]
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US spot Bitcoin exchange-traded funds (ETFs) recorded $635 million in net outflows on Thursday, pushing October’s flows back into the red. The withdrawals more than erased Wednesday’s $528 million in inflows and brought October’s net outflows to $175 million, according to SoSoValue data. It was the largest single-day net outflow since June 25, when Bitcoin […]
ZachXBT, a well-known blockchain investigator, has urged users to ‘withdraw all funds’ from the CoinDCX exchange, accusing the platform’s founders of lack of transparency involving a $16 million case. In a post on X, he argued that founders Sumit Gupta and Neeraj Khandelwal initially denied a reported $16 million loss before later acknowledging an operational […]