Bitcoin could be headed for a deeper correction as cumulative realized long-term holder profit taking has now reached levels seen in previous market cycle tops, according to onchain analysis Long-term holders realized 3.4 million Bitcoin (BTC) in profit, and exchange-traded fund inflows have slowed, according to Glassnode, a sign of “exhaustion” after the Federal Reserve…
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A key technical indicator for Bitcoin has squeezed to its tightest ever level amid low volatility, which analysts say usually precedes a large breakout and volatility spike. “Bitcoin’s weekly Bollinger Bands are now the tightest in history,” the popular crypto analyst “Mr. Anderson” wrote on X on Tuesday, referring to the technical indicator that shows…
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The passing of two key crypto bills in the US will usher in a new wave of crypto participation that could upend the traditional four-year market cycle, says Galaxy Digital CEO Mike Novogratz. Novogratz told Bloomberg on Tuesday that the stablecoin-regulating GENIUS Act, signed into law in July, and the CLARITY Act, which outlines regulatory…
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Ethereum co-founder Vitalik Buterin has praised Ethereum layer-2 Base’s approach to decentralization in response to recent concerns over Base’s sequencer and whether it should be treated as an exchange. “Base is doing things the right way: an L2 on top of Ethereum, that uses its centralized features to provide stronger UX features, while still being…
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Overleveraged crypto traders were liquidated out of nearly $2 billion in one of the year’s largest market flush-outs on Monday, in what some analysts blame on technical factors rather than weakening market fundamentals. More than 370,000 traders have been liquidated to the tune of $1.8 billion over the past 24 hours, according to data from…
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Crypto pundits are debating whether there will be a crypto rally in October — just 10 days away — after the markets went in an opposite direction on Monday. Historically, October has been one of the most reliably positive months for Bitcoin (BTC), shooting into the green 10 out of 12 times since 2013, according…
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Michigan has taken the next step for its strategic crypto reserve bill, which moved to a second reading on Thursday. The Michigan House Bill 4087, which would allow the state to invest in crypto assets under specific conditions, has moved to a second reading and was referred to the Committee on Government Operations. The legislation…
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The Trump administration is reportedly considering a slate of new candidates to lead the Commodity Futures Trading Commission as Brian Quintenz’s confirmation has stalled. New candidates being discussed include Michael Selig, chief counsel to the Securities and Exchange Commission’s crypto task force and former asset management attorney and Tyler Williams, Treasury counselor on digital asset…
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A “third mandate” from the US Federal Reserve could change long-term monetary policy if actioned, which could be bad news for the dollar but good news for crypto. The Fed has long been considered to have a dual mandate — price stability and maximum employment — but President Donald Trump’s pick for Fed governor, Stephen…
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Bitcoin and Ether are set for a huge rally in the fourth quarter this year thanks to easing monetary policy in the United States, according to Fundstrat co-founder and BitMine chairman Tom Lee. Monetary liquidity sensitivity and global central banks’ easing, along with strong seasonality will drive Bitcoin (BTC) and Ether (ETH) prices, said Lee…
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