Bitcoin’s surge to $50,000 on Monday comes at a time of souped-up institutional demand, a possible pivot in interest rates, and incoming scarcity from the Bitcoin halving — a stark contrast from just two years ago. Data shows that the last time Bitcoin hit the $50,000 mark was in December 2021, a time when —…
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…
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 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…
The recently launched spot Bitcoin exchange-traded funds (ETFs) completed their first 20 trading sessions hitting the $10 billion milestone in assets under management (AUM). According to data from BitMEX Research, net flows for the nine ETFs reached $2.7 billion on Jan. 9, led by BlackRock’s IBIT fund, which currently holds Bitcoin worth $4 billion. The second…
Web3 security firm Blowfish has detected two new Solana drainers that can perform bit-flip attacks, according to a Feb. 9 analysis shared on X (formerly Twitter). The drainers, known as ‘Aqua’ and ‘Vanish,’ were flagged modifying a conditional within on-chain data, even after a user’s private key was used to sign a transaction. According to…
449
Views
0 Comments