📈🤔 #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
🔍🐳 Whale Transactions:
1. Whale and institutional investors purchased a whopping 218,750 ETH ($942.8 million) in the last two days. Bitmine bought 69,603 ETH ($300 million) from BitGo and Galaxy Digital. Five new wallets have purchased $102,455 $ETH ($441.6 million) from FalconX;
2. 0xb2c7 acquired 14,000 #MKR ($24.25M) from FalconX;
3. 0xc230 received 8,753 #MKR ($15.37M) from FalconX;
4. Machi Big Brother opened a #WLFI long at 10MKR ($1.8M) from FalconX.
1. Whale and institutional investors purchased a whopping 218,750 ETH ($942.8 million) in the last two days. Bitmine bought 69,603 ETH ($300 million) from BitGo and Galaxy Digital. Five new wallets have purchased $102,455 $ETH ($441.6 million) from FalconX;
2. 0xb2c7 acquired 14,000 #MKR ($24.25M) from FalconX;
3. 0xc230 received 8,753 #MKR ($15.37M) from FalconX;
4. Machi Big Brother opened a #WLFI long at 10MKR ($1.8M) from FalconX.
🕵️♂️ Ethereum ICO participant who received 1,000,000 #ETH has transferred funds after 8 years of inactivity.
He transferred 150,000 ETH ($645 million) to a new staking wallet.
He invested $310,000 in an ICO through 3 wallets and received 1,000,000,000 ETH , which is now worth $4.3 billion.
He transferred 150,000 ETH ($645 million) to a new staking wallet.
He invested $310,000 in an ICO through 3 wallets and received 1,000,000,000 ETH , which is now worth $4.3 billion.
💸 #BTC Over the last 24 hours, ~$275M worth of contracts have been liquidated, of which longs have liquidated ~$206M and shorts ~$68M.
⛏️🐶 #DOGE Thumzup enters into agreements to acquire 3,500 Dogecoin miners from DogeHash, predicting annual revenue of up to $103 million if DOGE exchange rate reaches $1. cointelegraph
🤝 #XRP Ripple is partnering with Chipper Cash, VALR and Yellow Card to launch RLUSD in Africa. thefintechtimes
🕵️♂️ Ethena wallet "0x877b" has once again contributed 5 million #ENA ($3.27 million) to Binance.
🇪🇺 #ETH #SOL Crypto exchange Gemini has launched ETH and SOL steaking and perpetual futures contracts for EU customers. coindesk.com
👍 #BTC Sora Ventures launches Asia's first BTC fund and plans to acquire $1 billion worth of BTC within 6 months. bitcoinmagazine