In Brief Long-term technical analysis suggests a peak of Bitcoin price in the $155,000 – $175,000 range. Although subsequent cycles are weakening, Bitcoin still has a chance to surge 10x from the macro bottom at $15,495. The peak of the current BTC cycle should be reached between April and August 2025. This week Bitcoin touched its…
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MicroStrategy is looking to raise $600 million to buy more Bitcoin for its $13 billion stack after its stock surged 23% on March 4. MicroStrategy announced plans to offer $600 million in convertible senior notes due 2030 to fund further acquisitions of Bitcoin after its stock price surged 20% in the early hours of trading on…
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In Brief Anthony Scaramucci makes his case for why Biden’s presidency positively influences crypto and financial markets. Advocating for traditional societal structures, Scaramucci sees them as vital for crypto’s success. Biden’s adherence to the rule of law is expected to expedite crypto regulations, providing a stable legal framework. Anthony Scaramucci, founder and managing partner of…
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On-chain data shows the stability is a result of strong investor confidence, evidenced by over 1 million addresses accumulating over 671,000 BTC. The crypto market has entered March with its foot firmly on the accelerator despite showing signs of a slight slowdown from its recent rapid ascent. Bitcoin (BTC) has continued to hover around the $62,000 mark,…
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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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