U.S. President Donald Trump took office early this year, with at least part of his 2024 election victory thanks to voters who took to heart campaign promises about a crypto-friendly administration. So far, the Trump administration has indeed taken decisive pro-crypto steps, including signing an executive order rescinding Biden-era policies, establishing the President’s Working Group…
Bitcoin’s BTC$88,201.78 recent slide may feel ominous, but K33 Research analyst Vetle Lunde says December could mark a turning point for the cryptocurrency. After its steepest correction since the last bear market, the firm sees more evidence for a rebound than another collapse. BTC has been weighed down by a wave of selling, much of…
Glassnode’s latest weekly report highlights similarities between current market conditions and the early stages of the 2022 bear market, otherwise known as crypto winter. The first metric that suggests stress is the elevated risk of top buyer capitulation. Glassnode’s supply quantiles cost basis, which tracks the cost basis of supply held by top buyers, shows…
Bitcoin Cash (BCH) has become the “best performing” for Layer-1 asset this year, climbing nearly 40% and outperforming every major blockchain network. According to new data shared by analyst Crypto Koryo, Bitcoin Cash (BCH) has outpaced BNB (BNB), Hyperliquid (HYPE), Tron (TRX) and XRP (XRP), which saw only modest gains. Most other L1s, including Ethereum…
The amount of Ether stored on centralized crypto exchanges is at an unprecedented low, which could result in a supply squeeze, say analysts. Ether (ETH) exchange balances fell to 8.7% on Thursday last week, the lowest they have been since the network launched in mid-2015. The amount of the asset held on exchanges remained low…
French banking heavyweight BPCE is preparing to introduce crypto trading to millions of its retail customers, making it one of the first major traditional European banks to offer digital assets. According to a report from The Big Whale, the group will allow users to buy and sell Bitcoin (BTC), Ether (ETH), Solana (SOL) and USDC…
South Korea is preparing to impose bank-level, no-fault liability rules on crypto exchanges, holding exchanges to the same standards as traditional financial institutions amid the recent breach at Upbit. The Financial Services Commission (FSC) is reviewing new provisions that would require exchanges to compensate customers for losses stemming from hacks or system failures, even when…
With the Bank of Japan (BOJ) expected to hike rates next week, some observers are worried that the Japanese yen could surge, triggering an unwinding of “carry trades,” crushing bitcoin. Their analysis, however, overlooks actual positioning in the FX and bond markets, missing the nuance and far more likely risk that Japanese yields, by anchoring…
Bitcoin can no longer be compared to the “Tulip Bubble” due to its endurance and resilience over the years, according to Eric Balchunas, Bloomberg’s exchange-traded fund expert. “I personally would not compare Bitcoin to tulips, no matter how bad the sell-off,” said the senior ETF analyst on Sunday. Balchunas pointed out that the tulip market…
BitMine Immersion Technologies, the world’s largest corporate Ether holder, continues buying the dip, despite the industry’s most successful traders betting on Ethereum’s price fall. BitMine acquired $199 million worth of Ether (ETH) during the past two days, through a $68 million ETH acquisition on Saturday and another $130.7 million buy on Friday, according to blockchain data…
