Join Our Telegram channel to stay up to date on breaking news coverage The price of Bitcoin has been anything but predictable for the past...

This is an opinion editorial by Logan Bolinger, a lawyer and the author of a free weekly newsletter about the intersection of Bitcoin, macroeconomics,...

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Advertisement &nbsp &nbsp John Deaton, the founder of “crypto law”, an outlet focused on key U.S. regulatory developments for the digital asset sector, has...

The latest issue of TapTools’ Weekly newsletter talked about Grayscale Smart Contract Platform Ex-Ethereum Fund (GSCPxE), which gives U.S. investors exposure to multiple major cryptocurrencies in the form of a security that they can own in a tax-sheltered account. Grayscale Investments, which is one of the world’s largest digital asset managers, launched this fund on 22 […]

The Progressive party does not always represent progressive ideals. Bitcoin is one such example where the values of progressivism do not align with politics.

Despite the four-month bearish price action, institutions continue to pile drive bitcoin, which might have scared away retail leverage traders. This is because institutions are focusing on longer-term horizons and see the potential for big profits in BTC’s growth over time. The recent large outflow of coins from the U.S.-based crypto exchange Coinbase is evident, according to blockchain analytics firm Glassnode. Related Reading | 82% Of Bitcoin Short-Term Holder Supply Now In Loss, Capitulation Ahead? The recent highly volatile markets have sent bitcoin prices tumbling, with a total of 31,130 bitcoin leaving Coinbase last week. This is the highest single-week outflow since 2017, data tracked by Glassnode. In a weekly newsletter published Monday, Glassnode said;  Large outflows like this one are actually part of a consistent trend in the Coinbase balance, which has been stair-stepping downwards over the last two years. As the largest exchange by BTC balance, and a preferred venue for U.S.-based institutions, this further supports the adoption of bitcoin as a macro asset by larger institutions. The crypto markets have experienced drought over the past week. The Nasdaq-listed exchange’s holding in bitcoin has dropped a four-year low of 649,500 BTC for just the second time since 2018. In addition, the amount of bitcoins held by all centralized exchanges has decreased to 2,519,403 BTC, the lowest number since November 2018. Withdrawal Bitcoins Moved To Inactive Wallets The Coinbase withdrawal may be driving up the price of Bitcoin. The declining exchange balance means fewer coins are available for liquidations on exchanges, which could lead to an increase in demand and push prices higher still – especially since those withdrawals have moved into largely inactive wallets. Additionally, Glassnode said; If we look at the Illiquid Supply Shock Ratio (ISSR), we can see a significant uptick this week. Suggesting that these withdrawn coins have been moved into a wallet with little-to-no history of spending. The ISSR is on an upwards trend, suggesting that these withdrawn coins transferred into a wallet with little-to-no history of spending. Related Reading | Bitcoin Detractor Peter Schiff Lays On What Will Trigger Bitcoin Recovery The current amount of supply held in Illiquid wallets is 3.2x larger than Liquid and Highly-Liquid combined. Meaning that many coins are still trapped there despite the recent bear market conditions. A similar metric to what we saw during the 2018 – 2020’s bear market. Major cryptocurrencies registered mostly small losses on Monday. As the European Parliament’s Committee on Economic and Monetary Affairs voted down a bill. That bill could have outlawed proof-of-work in EU territory. The markets were volatile yesterday as investors waited to hear what the Federal Reserve would do with today’s policy meeting. The NASDAQ100 fell 2%, while SPX500 Index dropped 0.75%. DJ30 closed flat following these declines in stock prices.  The crypto market experienced a mild correction, with Ethereum, BNB, Solana, and XRP losing 2%. Bitcoin also fell slightly 1.6% in value and trading under $40,000 at the time of writing. Featured image from Flickr, chart from Tradingview.com  

Crypto newsletters are an excellent way to stay up to date with the latest news, events, and developments surrounding the digital asset markets.

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Reading Time: 6 minutes The Whales have grown big, because they feast on the tiniest Algae This week, I was going to talk about something else. However, after monitoring a few chat rooms, I thought I’d address why many newbies, who bought crypto at the higher levels, are now selling their positions to save […]

Strong hands have now bought up practically all the supply from those who bought BTC at November’s all-time highs and since capitulated.

The number of daily active signers on Solana ($SOL), which are deemed a good proxy for daily active users, has jumped 300% since the network’s last update in late September, peaking at 299,000 in late January before dropping to 232,000. According to OurNetwork, a weekly newsletter focused on on-chain analytics, data from Dune Analytics shows […]

Reading Time: 5 minutes The week of Valentine’s Day is always a good time to tell the story of Fernando the Bull. I’ve read lots of reports and recommendations, many of which involve various types of technical analysis. Since the early days, I have been a big fan of using Elliot’s wave theory, especially […]