Bitcoin closed the week strongly with a fourth consecutive green candle for the first time since August 2021. Four weeks of positive momentum during a bear market is extremely rare. The last time printed four consecutive green candles during a bear market was during the COVID-19 crash recovery of May 2020. Prior to that, any…
Amid investor sentiment signaling ‘greed,’ cryptocurrency investment products saw weekly inflows of $117 million last week — the highest since July 2022, according to a CoinShares report. Investors are almost solely focusing on Bitcoin, which saw inflows of $116 million. Total assets under management (AuM) of investment products increased 43% from November lows to $28…
The demand for Bitcoin (BTC) in Nigeria has soared as the fiat notes are set to be invalidated. This rise in demand is causing BTC to be traded at a premium of up to 163.77% in Nigeria. At the time of writing, peer-to-peer traders are selling BTC at prices as high as $62.499 on LocalBitcoins….
IIC: Industrial Metaverse is one of the most promising machine economy use cases In a convergence of artificial intelligence and blockchain technology, the machine economy could contribute up to $15 trillion to the global economy by 2030, a PwC report said. 22 hours ago · 3 min read
After a weeklong rally that pushed Bitcoin (BTC) value above $23,000, the crypto market experienced a significant sell-off in the last 12 hours that liquidated $183.99 million, according to Coinglass data. Total liquidations over the last 24 hours stood at $223.43 million as of press time. Of these liquidations, 90.29% occurred on traders who took…
Analysis from the crypto financial services platform Matrixport uncovered a Bitcoin Lunar New Year trading strategy that has worked every year since 2015. Twitter user @tier10k explained that buying Bitcoin on Lunar New Year day, then selling ten days later, has yielded an average 9% return between 2015 and 2022. Further, this strategy has a…
Four wallets purchased Stargate Finance (STG) tokens before it recorded a 45% increase on Jan. 22 and sold all holdings shortly after, according to Lookonchain. Altogether, the investors spent $131,462 to purchase 266,200 STG tokens and sold them all for $181,416, scooping $49,954 in total profit. The transactions The address “0x6127” spent 20,000 USD Coin…
The bear market rally that perplexed much of the crypto industry continued into the weekend as Bitcoin hit $23,230 for the first time since August 2022. Bitcoin is now up 50% from its local low of $15,400. BTC-USD Bitcoin has moved into a leading position among global assets outperforming major asset classes across the board….
Former governor of the Indian central bank Raghuram Rajan said that the collapse in crypto prices last year suggests that the industry has received its deserved fate, according to Reuters. However, the fall in price will enable investors to focus on the “true value” of digital assets, distributed ledger technology and smart contracts, Rajan said….
A mysterious wallet purchased 6193.46 Rocket Pool (RPL) tokens 10 minutes before Binance announced the token’s listing, according to Wu Blockchain. Ten minutes after Binance’s announcement, the investor sold all RPL tokens and collected $55,397 in profit. The transfers The investor used Uniswap and swapped 190,000 Tether (USDT) for 190,024 USD Coin (USDC) first. They subsequently…