Glassnode data shows a decrease in the 7-Day MA of bitcoin leaving centralized exchanges with only 986.237 BTC getting withdrawn in the past...

Advertisement &nbsp &nbsp FTX’s implosion may have shaken the faith of long-term Bitcoin holders and whales. This can be seen in exchange outflows, whales...

Bitcoin (BTC) reached an all-time high of $68,788 per coin on November 10, 2021. Since then, the world’s most sought-after cryptocurrency has experienced extraordinary volatility, and the market has appeared reactive and fragile, with the Fear & Greed Index indicating a high level of doubt and uncertainty. Since January 5, the price of BTC has fluctuated…

The post Bitcoin Breaks Past The $40,000 Barrier Again – Can It Sustain The Momentum? appeared first on Bitcoin News Miner.

Ethereum is printing another bullish indicator in the market that points to an imminent price wave. Per on-chain data by IntoTheBlock, the Ethereum market has recorded its largest single-day exchange outflow in 2022.

Bitcoin’s price is at risk of going down because investors are funding short positions in Bitcoin by borrowing digital money from exchanges. Datamish shows that investors are funding short, causing the value of Bitcoin to go down. Bitcoin fell again on Friday, despite a surge in capital inflow from large wallet investors and institutions. Brevan Howard Asset Management LLP and Tudor Investment Corp refreshed their bitcoin holdings by adding more of the cryptocurrency to their portfolios. Related Reading | Bitcoin Outflows Spike As 30k BTC Exits Exchanges, Reserve Plunges Down The growing geopolitical tension and the increasingly tense crisis in Russian-Ukraine are negatively impacting investor risk appetites for both equities as well crypto. This has fueled a bearish narrative surrounding Bitcoin’s price, which plunged below $40,000 with no signs of letting up. Cryptocurrencies are not without their risks, and it seems that even large investors know this. On March 11th of 2022, survey data from Datamish showed 1,500 Bitcoin being lent out as short positions to finance those risks- a total debt amounting close enough for a 3,603 BTC loan. Following an increase in funding for short positions, there have usually been negative consequences such as price drops. Analysts have been monitoring the recent changes in Bitcoin price, predicting that it will continue to fall. They believe there is still a significant risk for an upcoming decline, even after its recent recovery. The Bitcoin price recovery is attributed to the first bearish Ichimoku breakout since December 4, 2021. Analysts believe Bitcoin price has formed a bottom in the $38,000 -$38500 range. This is an important confirmation zone for trading on bitcoin. This may signal more losses for investors who have been selling assets in anticipation of an upcoming crash. According To Reuters, Russians Flooded The UAE With Liquidation Requests In a Russia- drowning attempt to save their fortune, company executives and financial sources told Reuters that many Russians flooded the UAE’s cryptocurrency firms with liquidation requests. That’s not all they want to do. Some of these investors are looking for real estate in the UAE. While others plan to convert it into fiat and hide their money somewhere else – insiders reported. Related Reading | Bitcoin Exchange Withdrawals Suggests Whales Are Accumulating The Swiss financial industry is currently in chaos. In fact, brokers requested the withdrawal of billions of dollars worth of Bitcoin. The request came from their clients concerned that Switzerland might freeze all funds. One representative claims they have received requests for up to $2B.  The UAE has been a neutral ground for Russians and Belarusians who have come to Dubai with their money to avoid being left out during any wars that may break out. There’s even been talk of people bringing cryptocurrencies here because they know it will always stay safe no matter what side wins. According to sources in the UAE, many Russians purchase real estate with cryptocurrency. They’re using digital forms of money both ways – bringing their resources into Dubai while getting them out from other regions. Featured image from Pixabay, chart from Tradingview.com

Despite an uncertain global economy, geopolitical issues and extreme market volatility, large Bitcoin holders are still not ready to spend their digital assets.

A popular analyst says that the bull case for Bitcoin (BTC) is gaining steam amid strong price action, and that crypto is becoming “serious money” following recent geopolitical developments. In the latest TechnicalRoundup newsletter, the pseudonymous analyst known as Cred says that Bitcoin’s reclaim of the $40,000 level bodes well for the top crypto by […]

The post Bitcoin Bull Case Gains Steam As Crypto Becomes ‘Serious Money’ Amid Geopolitical Tensions: Crypto Analyst (Cred) appeared first on The Daily Hodl.

Cardano jumped 7% after Coinbase restarted withdrawals on Wednesday after many traders faced withdrawal issues a week ago so let’s take a closer look at today’s Cardano ADA news. Cardano’s rally was fueled by traders that regained confidence in the protocol and now the HKMA is taking a more gentle approach to retail crypto. Cardano […]