A long-dormant Bitcoin whale from the Satoshi era has transferred more than $1.1 billion worth of Bitcoin to centralized exchanges in recent hours, raising concerns of a possible market correction during a typically low-liquidity weekend. After holding their stash since 2011, the Satoshi-era whale, or large cryptocurrency investor, first transferred 40,000 Bitcoin (BTC) worth over…
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Key points: Bitcoin market upheaval continues as Galaxy Digital moves thousands of BTC to exchanges. RSI values collapse to rare lows before printing bullish divergences with price. $117,000 emerges as an important BTC price upside target. Bitcoin (BTC) is showing signs of recovery after “oversold” conditions hit rare lows Friday. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView…
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US investors poured more into spot Ether exchange-traded funds than their Bitcoin counterparts over the last six trading days, as institutional interest in Ethereum surged this week. Spot Ether ETFs recorded a net inflow of nearly $2.4 billion in the past six trading days, far above spot Bitcoin ETFs, which recorded only $827 million during…
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Bitcoin’s layer-2 scaling platform, Lightning Network, could see a surge in stablecoin volume over the next couple of years, driven by increased retail and institutional adoption, according to industry experts. Speaking to Cointelegraph, Graham Krizek, founder and CEO of Lightning Network payments provider Voltage, said increased adoption of the layer-2 network will see it handle…
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More than half a billion in long positions were liquidated across the crypto market on Friday as the price of Bitcoin slipped below $116,000 amid a broader market tumble. According to CoinGlass data, $585.86 million in long positions were liquidated, with Bitcoin (BTC) accounting for $140.06 million of that total as it dropped 2.63% to…
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Rapidly growing institutional interest in Ethereum could trigger a supply shock and position Ether to outperform Bitcoin in the next six months, says Galaxy Digital CEO Michael Novogratz. “There’s not a lot of supply of ETH, and so I think ETH probably has a chance to outperform Bitcoin in the next three to six months,”…
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Ether may be heading for an unstable period in the near term, as the cost of borrowing wrapped Ether has spiked and technical indicators point to overvaluation, according to a crypto analyst. “We believe Ethereum is looking vulnerable in the near term,” 10x Research head of research Markus Thielen told Cointelegraph on Wednesday. “The market…
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The ink on the GENIUS Act is barely dry, but its ripple effects are already visible across the crypto industry. In just seven days, the sector added nearly $4 billion, pushing the stablecoin market cap above $264 billion and fueling corporate interest in related ventures. The surge is no surprise. The landmark legislation provides banks,…
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Key takeaways: A hidden bearish divergence on the RSI hints at weakening bullish momentum for Bitcoin. A CME gap between $114,000–$115,000 could act as a magnet. Market cyclicality and an assortment of indicators show Bitcoin in a distribution zone. Bitcoin (BTC) is showing signs of potential weakness, with three critical charts suggesting the possibility of…
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Prosecutors in the criminal trial of Tornado Cash co-founder and developer Roman Storm rested their case on Thursday, opening the door for defense counsel to call an Ethereum core developer as its first witness. According to reporting by Inner City Press on Thursday from the US District Court for the Southern District of New York,…
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