The outage caused unbridled speculation over the cause on social media, with opinions ranging from retail entering the market to the exchange getting hacked. Coinbase is experiencing technical issues that have degraded site performance and caused many users to see a zero balance on their accounts. The exchange’s website and app are both down as…
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In Brief Bitcoin experiences a significant surge in outflows from centralized exchanges, totaling $540 million. This trend coincides with a rapid accumulation among whale addresses, showing bullish potential. These on-chain metrics have further bolstered the bullish sentiment pervading the market presently. Bitcoin is experiencing a surge in outflows from centralized crypto exchanges, hitting its…
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The put/call ratio for BTC stands at 0.76, reflecting that there are 76 put options for every 100 call options. Quick Take Feb. 23, the last Friday of the month, marks the expiration of an impressive $3.7 billion in Bitcoin (BTC) options, a situation that could notably influence the Bitcoin market, according to Deribit…
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In Brief David Orrell argues quantum mechanics, not Bitcoin, is the future of economics, offering deeper financial system insights. Quantum economics surpasses classical theories by embracing complexities and predicting economic behaviors accurately. He highlights quantum models’ potential in social sciences and decision-making, challenging classical economics’ assumptions. David Orrell, a mathematician and acclaimed author, argues that…
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Massive Bitcoin movement: Over 18,000 BTC withdrawn from Coinbase, impacting exchange balance significantly. Quick Take Data unveiled during Asia hours from Coinbase revealed a sizable withdrawal of over 18,000 Bitcoin, as confirmed by Arkham Intelligence, Glassnode, and Coinglass. This substantial outflow of nearly $1 billion has significantly influenced Coinbase’s exchange balance. The funds have been…
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Quick Take The Bitcoin ETF market exhibited a continued surge in net inflows on Feb. 13; the trading day saw a total positive net flow of $631 million across all providers, with a total net inflow of 12,736 BTC, according to BitMEX Research. BitMEX data shows that BlackRock IBIT marked a notable achievement with a…
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Bitcoin’s surge past $50,000 catalyzed a broader market upswing, propelling numerous large-cap alternative digital assets such as Ethereum (ETH), Solana (SOL), and others to significant gains. According to data from CryptoSlate, Ethereum saw a 7% uptick, reaching $2,661, while SOL surged 8% to hit $114. Among the top 10 digital assets, Avalanche’s AVAX spiked 6%…
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In Brief DWS Group warns of inflation and higher bond yields if Trump is re-elected. Rick Santelli highlights risks of high bond yields, suggesting market volatility. Trump’s CBDC stance and AI regulation views could inadvertently boost BTC. As the November presidential election approaches in the United States, speculation mounts about the potential repercussions of Donald…
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In Brief Putin criticizes Biden’s policies for undermining US dollar’s global reserve currency status. Sanctions and political use of USD lead to de-dollarization, with Russia shifting to yuan and ruble. Amidst US debt concerns, Bitcoin gains traction as a potential safe haven and investment. Russian President Vladimir Putin has leveled a severe warning against the…
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Market dynamics shift as Bitcoin approaches crucial 2024 supply halving. Quick Take The imminent halving event for Bitcoin in April 2024 will slash monthly issuance from 27,000 BTC to approximately 13,500 BTC and bring daily rewards down from 900 to 450 BTC, giving Bitcoin an inflation rate of less than 1%. Detailed analysis of individual cohorts…
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