Bitcoin Supply Inactive For a Year Hits Record High of 70%
It appears bitcoin holders are not planning on offloading inventory at these price levels or any time soon, one observer said.
It appears bitcoin holders are not planning on offloading inventory at these price levels or any time soon, one observer said.
After a blockchain sleuth reported that the Bitcoin mining pool may have censored a transaction from an address blacklisted by U.S. authorities, critics responded, and so did the project’s co-founder.
Analysts suggest the Binance deal may have cleared the decks for the long-awaited U.S. spot bitcoin ETF.
Some observers believe Binance’s downfall has boosted the spot-ETF approval odds.
Pantera Capital’s Dan Morehead believes a spot bitcoin ETF will ‘fundamentally change access’ to bitcoin, while analysts at JPMorgan say it could be a threat to Coinbase in the medium term.
Crypto markets added some 2% in the past 24 hours, with the artificial intelligence-focused token sector driving the most gains for weekend traders.
The notional open interest in BTC options listed on Deribit rose to a record $15 billion last week as traders scrambled to take bullish exposure.
The world’s largest cryptocurrency is expected to benefit from a number of positive catalysts in 2024, the report said.
Plots related to küresel central banks, U.S. financial conditions and the 10-year U.S. Treasury yield suggest the path of least resistance for the cryptocurrency is upward.
The Bitcoin app company is also partnering with Bitrefill to allow customers to hisse for goods via the Lightning Network.