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Bitcoin (BTC) will eventually surpass gold in total market value, according to analyst Ibrahim Choshar, who noted that the digital currency is absolutely scarce and technically impossible to counterfeit. Unlike precious metals, whose supply can be continually increased, counterfeited, or limited…
Amid sharp fluctuations in the Bitcoin price, retail traders on Binance initiated a massive selling spree, selling approximately 13,000 BTC worth $1.4 billion at an average price of $108,000 per coin. Data shows that this is the second wave of sell-offs…
Robert Kiyosaki, author of the personal finance book “Rich Dad, Poor Dad,” urged his followers to buy Bitcoin while they still can. Kiyosaki called Bitcoin the world's first truly scarce money, citing its limited supply of 21 million coins. The cryptocurrency's…
Open interest in options on the world's first cryptocurrency has reached record levels. BRN's head of research, Timothy Misir, warned of rising volatility, The Block reports. At the time of writing, Bitcoin is trading around $109,400, “testing investor patience” below the…
Bitcoin (BTC) continues to struggle to recover after failing to sustain momentum above key support levels. The crypto king's inability to recover from its losses highlights growing structural weakness in the market. Recent data points to increasing bearish sentiment, as multiple…
The world's first cryptocurrency and the S&P 500 stock index are in the “late stages of a bull market,” according to analyst Axel Adler Jr. BTC and S&P 500 remain in the late bull phase: S&P 500 52-Week Return = +13%,…
On-chain Bitcoin (BTC) transfers from major holders on Binance reached $5.56 billion over the past 30 days. According to experts, the Whale Flow to Binance metric, which tracks transactions over 1,000 coins, recorded a sharp increase in October, indicating a noticeable…
The Bitcoin Stablecoins Ratio (ESR) index has fallen to record lows, signaling a buildup of “dry powder” on the world's leading crypto exchange and the possible start of a new bullish momentum. The ESR reflects the ratio of Bitcoin reserves to…
The MVRV ratio on the leading cryptocurrency's chart has fallen below its 365-day simple moving average (SMA), marking a local low. This was pointed out by CryptoQuant contributors from ShayanMarkets. Source: CryptoQuant. At the time of writing, the indicator is at…
The days of self-custody of cryptocurrencies are coming to an end, as major players increasingly favor ETFs, according to Martin Hisbeck, head of blockchain research at Uphold. The real reason for all the whale movements out of self-custody is simple: taxes.…
A crypto whale who recently made over $197 million during the October market crash has doubled down on his efforts, placing a major bet on Bitcoin (BTC) to fall. This move comes amid Bitcoin's fragile recovery since its mid-October crash. The…
Cryptocurrency trading pioneer and the world's third-richest cryptocurrency owner, Owen Gunden, has transferred some of his coins to the Kraken exchange. One of the wealthiest Bitcoin owners, Owen Gunden, has once again started listing his coins on the Kraken exchange. The…