Bitcoin’s journey to $1 million per token could be slower and less dramatic than what many crypto market participants may be expecting, according to pseudonymous Bitcoin analyst PlanC. “What if, from here on, Bitcoin simply slow-grinds up and to the right, with long, drawn-out, uneventful 10–30% corrections and consolidations?” Bitcoin analyst PlanC speculated in an…
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The rising number of “buy the dip” calls on social media following Bitcoin’s 5% decline over the past week could signal more downside ahead for the crypto market, sentiment platform Santiment says. “Clearly, overall, in the markets, people are getting antsy and trying to find some entry spots now that prices have cooled down a…
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Skepticism over Bitcoin’s ability to rise further has followed the asset for years, and will likely continue even if the price reaches into the millions, according to a Bitcoin adviser. “I think it’s going to be that way for a very long time,” The Bitcoin Adviser’s Luke Broyles told Natalie Brunell on the Coin Stories…
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The Australian arm of the trading platform Webull has launched crypto services in Australia just days after relaunching its crypto offering in the US, after exiting the market two years ago. Webull Australia said on Wednesday that the platform will offer 240 cryptocurrencies in a partnership with Coinbase Prime. “The addition of cryptocurrencies and digital…
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Altcoins may not see a broad, outsized rally until the approval of crypto ETFs that give investors exposure further down the risk curve, according to analysts from Bitfinex. Crypto market participants have eagerly awaited an altcoin market rally, or “altseason,” as Bitcoin (BTC) dominance dipped 6% over the past 30 days. Bitcoin dominance stands at…
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The surge in social media chatter around the highly anticipated US Federal Reserve September interest rate decision could be a warning sign for crypto, says sentiment platform Santiment. It comes after the crypto market rallied on Friday and market sentiment returned to greed following Fed Chair Jerome Powell’s dovish remarks at the annual Jackson Hole…
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Crypto sentiment returned to “Greed” on Saturday as the crypto market surged, following dovish comments from US Federal Reserve Chair Jerome Powell that raised speculation of a possible rate cut in September. The Crypto Fear & Greed Index, which measures overall crypto market sentiment, rose to a “Greed” score of 60 on Saturday, up 10…
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Trish Turner has resigned as head of the United States Internal Revenue Service’s (IRS) digital assets division after roughly three months in the role. “After more than 20 years with the IRS, I have closed an extraordinary chapter of my career with deep appreciation for those who shaped my journey and made the work so…
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Early Bitcoin adopters aren’t likely to stop being skeptical of institutional adoption anytime soon, says Bitcoin venture fund Ego Death Capital co-founder, Preston Pysh. “Part of that culture that brought it to where it is, is looking at where this is all going and saying no, no, no, no, this is all moving in a…
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US-based spot Bitcoin ETFs have posted their longest run of outflows in over four months, though crypto entrepreneur Anthony Pompliano says that Bitcoin’s price may now be oversold. Over the past five trading days, spot Bitcoin (BTC) ETFs have seen roughly $1.17 billion in outflows, representing the longest streak since a seven-day outflow period in…
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