Despite the widespread loss of confidence in crypto following the FTX collapse, Bitcoin's on-chain data gives investors hope.
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How bad is the current state of crypto? On-chain analyst explains
Despite the widespread loss of confidence in crypto following the FTX collapse, Bitcoin's on-chain data gives investors hope.
How bad is the current state of crypto? On-chain analyst explains
Despite the widespread loss of confidence in crypto following the FTX collapse, Bitcoin's on-chain data gives investors hope.
Price analysis 11/25: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, UNI
FTX’s collapse dealt a major blow to the already fragile sentiment among cryptocurrency investors. Although a quick recovery is unlikely, Blockchain analysis firm Chainalysis said that the crypto universe could emerge stronger from this crisis. Chainalysis’ research lead Eric Jardine arrived at the conclusion after comparing FTX’s fall to that of Mt. Gox.
Another calming statement came from Bloomberg Intelligence exchange-traded fund analyst James Seyffart, who said that there was a “99.9% chance” that the Grayscale Bitcoin Trust (GBTC) held the Bitcoin (BTC) it claimed. He added that GBTC was “unlikely” to be liquidated.
Daily cryptocurrency market performance. Source: Coin360The negative events of the past few days do not seem to have scared away the small investors who remain on an accumulating spree. According to blockchain analytics company Glassnode, the number of wallets holding at least one Bitcoin or more soared in November and reached 950,000.
Could Bitcoin and altcoins extend their recovery in the near term? Let’s study the charts of the top-10 cryptocurrencies to find out.
BTC/USDT
Bitcoin rebounded off $15,476 on Nov. 21, indicating that lower levels are attracting buying by the aggressive bulls. The relative strength index (RSI) has formed a bullish divergence, suggesting that the bears may be losing their grip.
Price analysis 11/25: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, UNI
Bitcoin and most major altcoins are witnessing a relief rally but higher levels are likely to attract strong selling by the bears.
Price analysis 11/25: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, UNI
Bitcoin and most major altcoins are witnessing a relief rally but higher levels are likely to attract strong selling by the bears.
FTX’s collapse could change crypto industry governance standards for good
Following FTX’s downfall, experts believe that centralized exchanges will be faced with increased regulatory scrutiny, potentially eliminating a lot of players from the fray.
1inch releases new tool to protect traders against ‘sandwich attacks’
The company said that the new tool works by allowing users to submit transactions directly to validators.
Binance publishes official Merkle Tree-based proof-of-reserves
Two weeks after its initial pledge for Merkle Tree-backed proof of funds, Binance releases its official response to liquidity transparency.
Binance publishes official Merkle Tree-based proof-of-reserves
Two weeks after its initial pledge for Merkle Tree-backed proof of funds, Binance releases its official response to liquidity transparency.
Here's how centralized exchanges aim to win back users after the FTX collapse
“We need to stop telling people to trust us and give them an actual reason to,” said Eric Demuth, the CEO of Bitpanda.
Turkey seizes FTX assets in the country amid the ongoing investigation
Turkey’s Financial Crimes Investigation Board has seized assets belonging to Sam Bankman-Fried after launching an investigation into FTX's affairs in the country.
Bitcoin addresses holding at least 1 BTC close in to a million
Exchange balances continue to deplete while the number of “wholecoiner” Bitcoin addresses hits new highs.
FTX stake in US bank raises concerns about banking loopholes
The chairman of the rural bank Jean Chalopin also happens to be the chairman of Deltec Bank, which has Tether and Alameda both on its client list.
FTX stake in US bank raises concerns about banking loopholes
The chairman of the rural bank Jean Chalopin also happens to be the chairman of Deltec Bank, which has Tether and Alameda both on its client list.
ConsenSys addresses MetaMask IP collection, claims nothing has changed
ConsenSys says the IP address data collected through MetaMask users will not be monetized or “exploited.”
Will Bitcoin hit $110K in 2023? 3 reasons to be bullish on BTC now
Bitcoin is printing significant bullish divergences with BTC price in line for a “massive bull run,” new analysis argues.
Will Bitcoin hit $110K in 2023? 3 reasons to be bullish on BTC now
Bitcoin (BTC) may follow stocks on a “massive bull run” as the weekly chart delivers a unique sign of strength.
The latest analysis from several well-known crypto names suggests it is time to give up the bear market narrative.
Despite everyone talking about a new macro BTC price low, possibly at $12,000, new perspectives demand a rethink.
Be it thanks to macro or just good old Bitcoin price cycles, there are three new reasons to flip bullish on Bitcoin in its current state near two-year lows.
Stocks rally could produce $110,000 BTC price
First in line is a theory involving a macro market catalyst, courtesy of macro analyst, Henrik Zeberg.
Crypto lender Matrixport seeks $100M funding despite lending crisis
Bitmain-backed crypto lender Matrixport is the other half of a new funding round targeting a $100 million raise.
How does the FTX collapse affect Dubai's crypto ecosystem?
CoinMENA CEO Talal Tabbaa believes that the FTX collapse will not change the vision of the UAE to become a global crypto hub.