Bitcoin Total Exchange Flows At Multi-Year Lows As Interest In BTC Remains Low –
Data shows the total Bitcoin inflows and outflows on exchanges have gone down in recent weeks as the general interest in the crypto remains low.
Data shows the total Bitcoin inflows and outflows on exchanges have gone down in recent weeks as the general interest in the crypto remains low.
Many believe that Bitcoin remains a desirable asset. However, according to Anthony Scaramucci, CEO of Skybridge Capital, it has not yet attained the “wallet bandwidth” necessary to qualify as an inflation hedge. On CNBC’s Squawk Box, the exec claimed that Bitcoin is still too much of “an early adopter technical asset.” It to be held in about one billion wallets before it starts to function as an inflation hedge, he added. “Until you get into the billion, billion-plus zone, I don’t...
Peter Schiff remains vocal about his criticism of digital assets and their promoters. After noting that he expects Bitcoin to crash back to $10k, the prominent crypto caviler has this time recently taken a swipe at billionaire Mark Cuban. This follows the Class Action suit slammed on Cuban.
Big things are happening in the Polkadot ecosystem as the latest data confirmed growing speculation. Polkadot emerged as the top chain by development activity in the past 24 hours. With an index value of 344, the network heads competitors such as Ethereum, Bitcoin, Solana, and others. High development activity is a signal that the blockchain will ship new features in the future. Source: Santiment
On-chain data shows the Bitcoin price has now once again dipped below the realized price, suggesting the bear market may not be over afterall.
Even though the cryptocurrency lending company, Celsius Network has faced massive trouble in the past, the price of the token has grown by 90.30% since the beginning of August. Source: TradingView The price started rallying around the 8 August and continued to do so till the price tested the $4.14 resistance line. Thereafter, the token proceeded to respond to the overall bearish sentiment in the market. And, it has stabilized around the $2.15 support line. The price may go on a...
Bitcoin price may have nosedived to $21,000 but this analyst says it’s not an entirely bad thing. Willy Woo, on-chain expert analyst says that Bitcoin’s recent decline to $21,000 is mostly due to the massive sell-off by traders. However, there’s no reason to hit the panic button because the sell-off is linked to negative net flow on major exchanges which hints that most of the participants are looking to amass or buy the dip to store in their wallets, taking...
The host of popular crypto analytics and market commentary show Coin Bureau is bullish on the outlook for Solana ($SOL) saying that the altcoin could potentially double in price if the current rally continues. Speaking in a recent YouTube update, Coin Bureau’s host “Guy” told viewers that he...