US Falling Behind in Worldwide Stablecoin Adoption — Chainalysis Report
Since the launch of spot Bitcoin exchange-traded funds (ETFs), the United States has experienced unprecedented levels of Bitcoin activity. However, stablecoin adoption in the U.S. has slowed in 2024 compared to global trends, as highlighted by a Chainalysis report from October 17. There has been a noticeable change in stablecoin use in the U.S. this […]
Tesla Transfers Entire $765M Bitcoin Holdings to Unidentified Wallets
Tesla, the electric vehicle giant, has shifted its entire Bitcoin reserve, valued at over $765 million, into multiple untraceable wallets. Data from Arkham Intelligence revealed that a total of 11,500 Bitcoins associated with Tesla were moved on October 15, spread across 26 transactions, including a few test transfers. The initial test occurred at 8:41 PM […]
Bitcoin Dominance Reaches 3.5-Year High as Altcoins Struggle
Bitcoin’s market dominance surged to its highest point since April 2021, driven by a rising price while the altcoin market remained subdued. On October 15, Bitcoin dominance reached 58.77%, its strongest position in over three years, coinciding with the cryptocurrency hitting a 10-week high of $67,800, as per TradingView data. The price briefly pulled back […]
Bitcoin Profit-Taking nears $74K peak as Speculators Transfer $500M to Binance
Bitcoin speculators are seizing the opportunity to lock in gains as BTC’s price climbs to its highest in three months. According to data from the onchain analytics firm Glassnode, Bitcoin short-term holders (STHs) have begun capitalizing on the recent price surge, with BTC surpassing $65,000. STHs, defined as investors holding Bitcoin for 155 days or […]
US Spot Bitcoin ETFs Attract $556M in Largest Inflow Day Since June
Spot Bitcoin exchange-traded funds (ETFs) in the United States saw their largest single-day inflows in over four months, with more than half a billion dollars pouring in. On October 14, the 11 ETFs recorded combined net inflows of $555.9 million, marking their biggest daily increase since early June, according to Farside Investors. This surge occurred […]
Crypto-Linked Stocks see price rally as Bitcoin tops $66K
On October 14, publicly traded cryptocurrency-related companies in the U.S. experienced significant gains as Bitcoin surged by 6%, briefly reaching $66,400, its highest level since late July. CleanSpark, a Bitcoin mining company, saw the biggest rise of the day, ending up 12.72% at $10.81, and continued its momentum after hours with a 1.72% increase to […]
Bitcoin RSI Signals $233K BTC Price by 2025
Bitcoin could be on a trajectory to hit $233,000 by as soon as Q1 2025, according to new predictions. A fresh BTC price forecast by the X account Bitcoindata21 utilized the Relative Strength Index (RSI) to point towards six-figure levels for BTC/USD. At present, Bitcoin is hovering around $65,000, but according to market analysts, the […]
Bitcoin Search Interest Hits Yearly Low as ‘Memecoin’ Popularity Soars
During the week of October 12, 2024, Google search interest in “Bitcoin” plummeted to its lowest level in a year, dropping to just 33 on a scale of 100. This decline highlights waning interest in the leading cryptocurrency. In contrast, the term “memecoins” saw a robust search volume of 77 out of 100 during the […]
Bitcoin’s price return ‘stands apart from the crowd’ According to NYDIG
Bitcoin continues to dominate as the top-performing asset in terms of returns, despite its notorious volatility, according to a report from the New York Digital Investment Group (NYDIG). In an analysis published on October 11, Greg Cipolaro, NYDIG’s global head of research, emphasized that Bitcoin “stands apart from the crowd” when it comes to performance. […]
Crypto Short Liquidations Exceed $100M as Bitcoin Surges Past $64K
In the past 24 hours, traders who bet on a declining crypto market have faced losses exceeding $100 million, as Bitcoin experienced a significant price surge. Bitcoin’s price rose above $64,000 early on Oct. 14, marking a 2.1% increase over the previous day. This price action follows a weekend of relatively stable movement and is […]