May 09, 2021

Glassnode: Whales have Resumed Accumulation of Bitcoin

A new on-chain analysis from Glassnode shows that Bitcoin (BTC) wallets with 100 to 1000 coins have acquiring BTC coins. The Glassnode data on Bitcoin was published on Twitter by Lex Moskovski, the CIO of Moskovski Capital. According to the data, this is a new development since the BTC sell-off in ...

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May 06, 2021

Bitcoin Continues to Attract Big Bucks Amid Market Dominance Decline

The world’s largest cryptocurrency, Bitcoin (BTC), is reported to have attracted about $442 million in BTC-related investments over the last week. According to the weekly digital asset fund flows report by CoinShares, the total inflow of capital into the crypto space peaked at $489 million at the e...

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May 04, 2021

Bitcoin Market Analysis — May 4

Bitcoin (BTC) got struck by immense volatility yesterday as the benchmark cryptocurrency dipped by over $4k after touching the $59k high. Meanwhile, Ethereum (ETH), Binance Coin (BNB), and Dogecoin (DOGE) continued to print record highs after record highs. Ethereum has been on a bullish roll for a ...

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May 02, 2021

CryptoQuant Data Suggests that Whales Kept Buying Bitcoin Through Last Month’s Dip

According to an on-chain data report from CryptoQuant, Bitcoin (BTC) whales took advantage of the April crash to stock up on BTC. Additionally, the report noted that the prospect for another upward price surge is still very likely, as traders struggle to break the $58k resistance. Following an over...

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April 29, 2021

US SEC Postpones Decision Date for VanEck’s Bitcoin ETF

The US Securities and Exchange Commission (SEC) has announced that its final decision on VanEck’s Bitcoin ETF proposal will suffer a 45-day delay. With this delay, the Grayscale Bitcoin Trust (GBTC) holds a monopoly on institutional investments looking for Bitcoin (BTC) exposure. Grayscale is the p...

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April 27, 2021

Glassnode Reports Surge in Bitcoin On-Chain Activities, as Transfer Volume Reaches Record High

Glassnode, an on-chain analytics provider, has posted a weekly activity report for the Bitcoin (BTC) network, noting that several milestones and record highs have gotten triggered for various metrics. The report suggested that the peaks in on-chain transaction volume and fees indicate that the corr...

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April 25, 2021

On-Chain Data Suggests Bitcoin’s Bullish Bias Still Intact

Despite the massive plunge suffered over the past week, on-chain data proposes that demand for Bitcoin (BTC) is still intact. The data revealed that the declining number of BTC stored on exchanges and miners’ refusal to sell their coins is indicative that the benchmark cryptocurrency could resume i...

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April 22, 2021

Guggenheim Chief Investment Officer: Bitcoin to Drop to $20 – $30k Range

Scott Minerd, the Chief Investment Officer at Guggenheim Partners, has made a gloomy prediction for Bitcoin (BTC). Minerd also holds the title of chairman of Guggenheim Investments, the global asset management and investment advisory arm of Guggenheim Partners. Guggenheim Investments is responsible...

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April 20, 2021

Federal Reserve Bank President: Bitcoin is a Store of Value

President of the Federal Reserve Bank of Dallas Robert Kaplan made some positive comments about Bitcoin (BTC) and central bank digital currencies (CBDCs) at the Texas A&M Bitcoin Conference 2021 hosted by Mays Business School on Friday. Firstly, Kaplan distinguished between what he understood a...

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