A wallet linked to the Chinese Bitcoin mining operation LuBian transferred almost $1.3 billion in Bitcoin a day after the United States Department of Justice (DOJ) moved to seize $15 billion in Bitcoin allegedly stolen from the mining pool in 2020. On Wednesday, blockchain analytics firm Lookonchain flagged the movement, noting that a wallet linked…
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The crypto market faced its biggest leveraged wipeout in history last weekend, but the turbulence won’t leave a lasting mark, according to Bitwise chief investment officer Matt Hougan. In a Tuesday blog post, Hougan described the sharp drop as “a blip” and not a big deal. He added that crypto “got a passing grade” in…
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Key takeaways Crypto charts display open-high-low-close (OHLC) data. OHLC data helps traders track price movements, analyze volatility and identify trading opportunities. The X-axis represents timeframes, while the Y-axis shows price levels, either on a linear or logarithmic scale. Volume bars below the chart help confirm market participation. Candlestick charts remain the most popular for their…
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The non-fungible token (NFT) market showed early signs of recovery after a steep sell-off wiped out about $1.2 billion in market capitalization during the crypto market crash on Friday. According to CoinGecko data, the sector’s overall valuation fell from $6.2 billion on Friday to $5 billion on Saturday. This erased almost 20%, or about $1.2…
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A Hong Kong-based subsidiary of a major Chinese commercial bank, China Merchants Bank (CMB), tokenized its $3.8 billion money market fund (MMF) on BNB Chain. CMB International Asset Management (CMBI) has partnered with BNB Chain to bring its CMB International USD Money Market Fund onto its layer-1 (L1) blockchain, BNB Chain announced on Wednesday. The…
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Key points: Bitcoin’s NUPL metric repeats past bull-market tops with a move from “optimism” to “euphoria.” The Bitcoin realized cap is increasingly in the hands of short-term holders. New investors continue to get squeezed by range-bound BTC price performance. Bitcoin (BTC) may be in its “final expansion” to a blow-off top despite recent lows, new…
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US spot Bitcoin and Ether exchange-traded funds (ETFs) saw inflows on Tuesday as Federal Reserve Chair Jerome Powell hinted further rate cuts may come before year-end. Spot Bitcoin (BTC) ETFs saw $102.58 million in net inflows, rebounding from a $326 million outflow a day earlier, according to data from SoSoValue. Fidelity’s Wise Origin Bitcoin Fund…
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The number of public companies holding Bitcoin rose 38% between July and September, in a sign that “large players are doubling down, not backing away” from Bitcoin, according to an analyst. Crypto asset manager Bitwise found in its Q3 Corporate Bitcoin Adoption report, citing data from BitcoinTreasuries.NET, that 172 companies now hold Bitcoin (BTC), with…
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Bitcoin could reclaim its all-time high of $125,100 in the coming week, but not without one more major correction, according to veteran trader Peter Brandt. “Either a huge shakeout, which would be confirmed by an ATH quickly within the next week or so,” he said, though he acknowledged there could also be a much more…
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The crypto markets are still on track for a bullish October despite a major liquidation event last week, according to analysts and experts, who have compared it to other crypto black swan events. “After the largest liquidation in crypto history, I expected October to be deep in the red,” crypto podcaster Scott Melker said on…
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