Meanwhile, the market believes that at the next meeting of the Federal Open Market Committee (FOMC) on June 14, 2023 the representatives of the Fed may raise the base interest rate by another 25 basis points. It's all caused by problems in the global economy and the prospect of default on U.S. government debt.
This is bad news, because market participants earlier expected the situation with the rate to normalize. It was supposed to remain the same after the first summer meeting, and then go to the decline.
This is bad news, because market participants earlier expected the situation with the rate to normalize. It was supposed to remain the same after the first summer meeting, and then go to the decline.
The hacking of the popular decentralized wallet Atomic Wallet resulted in $35 million in losses for users, according to preliminary estimates. The developers say the incident affected less than one percent of monthly active users.
Only cold wallets protect your funds reliably, but even they get questioned from time to time. That's why broad diversification of your portfolio is the only right thing to do.
Only cold wallets protect your funds reliably, but even they get questioned from time to time. That's why broad diversification of your portfolio is the only right thing to do.
Here's a chart from IntoTheBlock analysts with the number of bitcoins that have been stored at their owners' addresses without any movement for at least a year. This week, the corresponding figure set another record in the history of BTC.
That means investor confidence in the first cryptocurrency is higher than ever.
That means investor confidence in the first cryptocurrency is higher than ever.
Cryptocurrency is also being accumulated by Bitcoin address holders who have between 100 and 1,000 BTC. In total, they redeem about 36 percent of the coins mined by miners over the course of a day.
At the same time, so-called whales who have at least a thousand bitcoins are getting rid of the cryptocurrency. Their sales volume is equivalent to 70 percent of the coins mined.
Such is the difference.
At the same time, so-called whales who have at least a thousand bitcoins are getting rid of the cryptocurrency. Their sales volume is equivalent to 70 percent of the coins mined.
Such is the difference.
About 600 days have passed since Bitcoin peaked at $69,000. During that time, long-term investors have added 1.01 million BTC to their holdings.
Now they have 14.47 million coins, only 20 thousand behind the historical maximum.
Recall, long-term investors are those addresses who have not moved their cryptocurrencies for at least six months.
Now they have 14.47 million coins, only 20 thousand behind the historical maximum.
Recall, long-term investors are those addresses who have not moved their cryptocurrencies for at least six months.
Here's a list of current applications to launch spot Bitcoin ETFs. This includes all deadlines for the relevant responses from the U.S. Securities and Exchange Commission.
As noted by Bloomberg analyst James Seyffarth, he estimates the prospect of approval of applications from BlackRock and ARK Invest at 50 percent.
As noted by Bloomberg analyst James Seyffarth, he estimates the prospect of approval of applications from BlackRock and ARK Invest at 50 percent.
The current collapse of ETH below $1650 has led to the activation of large investors. For example, the number of addresses with 10,000 to 10,000 ethers has increased by 1,788 units since the beginning of June.
The number of large transactions in the equivalent of $100,000 has also increased. Last week there were 23 thousand of them, which is the largest result since the beginning of May.
The number of large transactions in the equivalent of $100,000 has also increased. Last week there were 23 thousand of them, which is the largest result since the beginning of May.
In recent weeks, the share of Bitcoin trading on American crypto exchanges has increased from 39 to 46 percent. According to experts, such activity is caused by expectations regarding the approval of spot ETFs for BTC in the United States. Well, the trend intensified after Grayscale’s recent victory in court against the SEC.
Tonight, the owner of the Bitcoin address "17TZNT" moved 2995 BTC, which he bought in 2016 at a rate of $458. Before this, the last transaction was carried out by him in September 2017, so the hold lasted more than six years.
If the coins are now sold, the profit on them is almost $82 million. Initially, in 2016, the investor invested 1.46 million in 3200 BTC.
Fine.
If the coins are now sold, the profit on them is almost $82 million. Initially, in 2016, the investor invested 1.46 million in 3200 BTC.
Fine.
Another sign of an improving situation in the cryptocurrency industry is the growth in the number of so-called cryptomats, that is, devices for transferring fiat currencies into coins and back. According to the Coin ATM Radar platform, the figure now exceeds 33 thousand units.
Its local bottom in this bearish trend was recorded in July 2023. At that time, there were just under 32 thousand such devices worldwide.
Its local bottom in this bearish trend was recorded in July 2023. At that time, there were just under 32 thousand such devices worldwide.
The list of applications to launch spot Bitcoin ETFs in the United States has been supplemented by another relevant document. It was filed by Swiss asset management company Pando Assets, which already deals with ETPs (exchange traded products) on cryptocurrencies in Europe.
As Bloomberg analyst Eric Balchunas noted, the decision seems odd. Still, it's unclear what the company has been waiting for the last few months after BlackRock and other global giants filed similar applications.
As Bloomberg analyst Eric Balchunas noted, the decision seems odd. Still, it's unclear what the company has been waiting for the last few months after BlackRock and other global giants filed similar applications.