Bitcoin’s market structure beneficial to price post-halving — Grayscale
    12 Feb 2024
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    Fundamental changes to Bitcoin’s demand-supply equation are likely to have a greater impact on the cryptocurrency prices following the upcoming halving, according to an analysis from asset manager Grayscale. Historically, periods of price appreciation have followed halving events. However, a new factor will also impact Bitcoin performance for this April’s halving: exchange-traded funds (ETFs). “Beyond generally positive onchain…

    In inflation-torn Argentina, locals use ‘crypto caves’ — and avoid Bitcoin
    12 Feb 2024
    49 Views

    Argentines are using black market exchanges, known locally as “crypto caves,” to buy U.S. dollar stablecoins in a bid to escape strict currency controls and triple-digit inflation of the Argentine peso (ARS), and are reportedly shunning Bitcoin due to perceived volatility. Crypto caves are underground peer-to-peer exchanges operating secretly and tucked away in “non-visible places,” CryptoMarket’s…

    On-chain indicators suggest Bitcoin market is now ‘high risk’ — Glassnode
    12 Feb 2024
    107 Views

    On-chain indicators assessing Bitcoin’s BTC) value have entered a “high-risk” zone and could mean the cryptocurrency is in the initial stages of a bull market, says the crypto analysis platform Glassnode. In a Feb. 10 X post, Glassnode shared that an indicator to identify Bitcoin’s long-term valuation compared relative to its market value had pushed above the…