🕵️♂️ #ETH Due to the price drop, 2 wallets (possibly belonging to the same whale) panic-sold 3,690 ETH ($15.6M) that they just bought yesterday, taking a $944K loss. 1|2
🇺🇸🗣 SEC Chair Paul Atkins says providing regulatory framework for crypto is a 'key priority.' - It's a new day at the SEC.
📉🤔 #BTC Over the past 18 months, Bitcoin has experienced five separate corrections of -24% or more from its ATH.
By comparison, the current drawdown is only -12%, which is about half the depth of previous pullbacks.
By comparison, the current drawdown is only -12%, which is about half the depth of previous pullbacks.
💼📈 #BTC Public companies worldwide now hold over 1,000,000 Bitcoin. That's 4.7% of Bitcoin's total supply.
🇺🇸🐶 #DOGE Eric Balchunas: REX Shares will likely launch the first US ETF on Dogecoin as early as next week.
📈🤔 #BTC Analysts at Tephra Digital expect Bitcoin to rise to $167k-185k by the end of this year if correlation with M2 and Gold continues.
Bitcoin still continues to follow the money supply of global CBs with a lag of about 100 days (since September 2023).
Bitcoin still continues to follow the money supply of global CBs with a lag of about 100 days (since September 2023).
📊 #BTC Santiment: There is a major bullish divergence that has been forming over the past two weeks:
- Bitcoin's market value has DROPPED -5.9% since Aug. 22nd
- S&P 500 has RISEN +0.4% since Aug. 22nd
- Gold has RISEN +5.5% since Aug. 22nd
In cases like this divergence over the past 2 weeks, Bitcoin (and altcoins) have a high probability of playing "catch up" when they trail world economy price trends for a sustained period of time.
- Bitcoin's market value has DROPPED -5.9% since Aug. 22nd
- S&P 500 has RISEN +0.4% since Aug. 22nd
- Gold has RISEN +5.5% since Aug. 22nd
In cases like this divergence over the past 2 weeks, Bitcoin (and altcoins) have a high probability of playing "catch up" when they trail world economy price trends for a sustained period of time.
📉👀 #ETH balance on exchanges has hit a 3-year low, signaling strong demand for the token.
🥷 #ETH Hackers are hiding malware in Ethereum smart contracts, disguising malicious traffic as normal blockchain activity, ReversingLabs reports.
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🗣 #BTC Bitwise says institutions are moving from 1% BTC allocations to 5%+
That’s a potential $1.5T wall of demand coming from the $100T institutional market. With Bitcoin’s fixed 21M supply, the supply shock ahead could be historic.
That’s a potential $1.5T wall of demand coming from the $100T institutional market. With Bitcoin’s fixed 21M supply, the supply shock ahead could be historic.
💰 A16z-backed Lead Bank reaches $1.47 billion valuation thanks to a $70 million raise. theblock.co
📈 #BTC Public companies own 1 million BTC, reaching 5.1% of total BTC supply. cointelegraph
🤔 #ETF Bloomberg ETF analyst James Seyfarth argues that the current market represents an alt season through digital asset treasury firms than traditional token price growth. cryptoslate
📊 Santiment: a significant bullish divergence has been forming for the past two weeks:
- #BTC market value is down 5.9% since Aug. 22;
- the S&P 500 index is up 0.4% since Aug. 22;
- gold is up 5.5% since Aug. 22.
Since the start of 2022, cryptocurrencies have been particularly correlated with stocks as institutional investors increasingly add to their holdings.
In cases like this, BTC (and altcoins) are highly likely to play catch-up if they follow the price trends of the global economy.
- #BTC market value is down 5.9% since Aug. 22;
- the S&P 500 index is up 0.4% since Aug. 22;
- gold is up 5.5% since Aug. 22.
Since the start of 2022, cryptocurrencies have been particularly correlated with stocks as institutional investors increasingly add to their holdings.
In cases like this, BTC (and altcoins) are highly likely to play catch-up if they follow the price trends of the global economy.
✏️ #NFT According to a report by DappRadar, the NFT market completed its two most successful months since February.
NFT trading volumes were up 9%, while the number of sales fell 4%.
According to CoinGecko, NFT trading volumes surged in the last 24 hours, rising more than 25% to a high of $7.9 million. cointelegraph
NFT trading volumes were up 9%, while the number of sales fell 4%.
According to CoinGecko, NFT trading volumes surged in the last 24 hours, rising more than 25% to a high of $7.9 million. cointelegraph