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A look at the lived experience of going through hyperinflation in Lebanon.
Bitcoin has been the subject of recent media attention, not only due to its price increase above $65,000 but also due to the extraordinary inflows into spot Bitcoin ETFs. These inflows, according to Farside Investors, have reached a remarkable $365 million as of September 26, 2024, which is indicative of the increasing institutional interest in [...]
The post Bitcoin Breaks $65K With $365 Million In Spot ETF Inflows Fueling The Rally appeared first on Crypto Breaking News.
Bitcoin price is back above a key resistance level, but are there sufficient bullish catalysts to sustain the current rally?
The latest 10x Research report examines macroeconomic factors and seasonal patterns hinting at a Bitcoin rally while cautioning investors on potential risks.
Gold has gained more than 5% in two weeks, reaching a record high driven by rate cuts and geopolitical tensions.
Bitcoin reached a new all-time high of $73,880 earlier in 2024, but toppling it by 2025 does not take it above 2021s inflation-adjusted value.
Bank of Canada Governor Tiff Macklem highlighted the potential risks AI poses to inflation and financial stability in the short term.
Ethers futures open interest jumps to a 20-month high, but leverage demand remains balanced.
CoinShares expects that crypto investment products will become increasingly sensitive to interest rate expectations in September.
According to veteran trader Peter Brandt, the United States dollar has lost over 90% of its value since the 1950s due to inflation.
Dragonfly Capital general partner Tom Schmidt urged crypto projects to consider whether they need venture capital funding.
Dragonflys new crypto fund will target early-stage projects in the crypto space. Over 100 digital-asset startups are part of the firms portfolio.
Should the Turkish government pass new amendments, all cash payments above $205 would be subject to fines of 10%.
Bitcoins perpetual funding rate shows lack of confidence from bulls, but options markets are displaying resilience.
The higher-than-anticipated US core Consumer Price Index (CPI) reading was followed by a decline in Bitcoin (BTC) price as it tumbled almost 1.5% to $56,168 at press time. US Headline CPI Matches Forecast, Core CPI Exceeds It US headline CPI, the metric typically used to assess the inflation rate in the country, came in according [...]
The post Bitcoin Tumbles Following Higher Than Anticipated US Core Inflation Data appeared first on Crypto Breaking News.
Bitcoin must hold above the $50,000 mark until the Sept. 18 Federal Reserve meeting to avoid more downside.
Ethereum (ETH) has turned inflationary in Q2 2024, adding 75,301 ETH to the network, marking a significant shift from its deflationary trend since late 2022. (Read More)
Conflux (CFX) v2.4.0 network hardfork upgrade, featuring CIP-1559 activation, has been successfully completed. CIP-136 will be enabled by Aug 13. (Read More)
On-chain data shows the XRP whales have been making deposits to exchanges recently, something that could be bearish for the asset’s price. XRP Whales Have Made Several Large Moves In The Past Day According to data from the cryptocurrency transaction tracker service Whale Alert, several large moves have been spotted on the XRP network during [...]
The post XRP Whales Are Depositing To Exchanges: Price To Drop Further? appeared first on Crypto Breaking News.
Bitcoin has observed a plunge to the $59,000 level during the past day. Here’s what could be behind it, according to on-chain data. Bitcoin Exchange Inflow Spiked Just Before The Crash In a new post on X, CryptoQuant Head of Research Julio Moreno discussed the latest trend in Bitcoin Exchange Inflow. Exchange Inflow is an on-chain metric that tracks the total amount of assets being transferred into the wallets of centralized exchanges. Investors deposit many coins on these platforms when this indicator’s value is high. One of the main reasons holders may transfer to exchanges is for selling-related purposes so this trend can have bearish consequences for BTC’s value. Related Reading: Litecoin Sees Sudden Exodus Of Retail Investors: Why This Can Be Bullish On the other hand, the low metric implies holders aren’t moving that many coins from self-custody into exchanges, which, depending on whether outflows are also occurring, can potentially be bullish for the cryptocurrency. Now, here is the chart shared by Moreno that shows the trend in the Bitcoin Exchange Inflow over the past few days: As displayed in the graph at the top, the Bitcoin Exchange Inflow saw some notable spikes in the lead-up to the latest price plunge. The version of the indicator in the chart is specifically for the spot platforms, so selling was likely the goal of the investors making these deposits. The CryptoQuant head has also attached the data for another metric: the Spent Output Value Bands version of the Exchange Inflow, under the chart for the Exchange Inflow. This indicator shows how the Exchange Inflow breaks down according to the transactions’ size. In the graph, Moreno has specifically highlighted the 1,000 to 10,000 BTC value band, corresponding to addresses carrying between 1,000 and 10,000 tokens in their balance. Investors of this scale are popularly known as the whales and are considered among the market’s most influential entities. As the chart shows, the Exchange Inflow for these large Bitcoin holders also spiked alongside the spikes in the general metric, implying that the whales contributed to some of the deposits. Related Reading: Solana, Ethereum Attract Traders Amid Bitcoin Open Interest Plunge Given the timing of the inflows made by these humongous investors, it’s probable that this selling was partially responsible for the bearish price action the cryptocurrency witnessed during the past day. As such, the indicator could be worth monitoring shortly, as more large deposits could suggest that the Bitcoin sellers aren’t done yet. BTC Price At the time of writing, Bitcoin is floating around $59,900, down almost 4% over the last 24 hours. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com
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