The Bitcoin Sharpe ratio, which measures risk/reward potential, is in negative territory that is often associated with the end of bear markets, according to CryptoQuant analyst Darkfost. “The Sharpe ratio has just entered a particularly interesting zone, one that has historically aligned with the final phases of bear markets,” said the analyst on X on
A new report from digital asset manager CoinShares is pushing back on the growing narrative that bitcoin faces an imminent quantum computing crisis, arguing that only a small sliver of supply is realistically at risk in a way that could move markets. CoinShares is fourth-largest manager of digital asset exchange-traded products globally behind BlackRock, Grayscale,
According to Matrixport’s latest analysis, Bitcoin is attempting a recovery for a trend reversal after a wave of intense selling described as “capacitation.” The analysis stated that vulnerable positions were liquidated during the recent downturn, triggering a chain reaction that involved both passive selling pressure in the spot market and forced liquidations in derivatives markets.
Recent sharp fluctuations in the cryptocurrency markets have reinforced investors’ cautious stance, and experienced trader Eugene Ng Ah Sio has offered his assessment of Bitcoin. According to Eugene, the $60,000 level still stands out as a “reasonable” support point from a technical perspective, but there is no clear consensus on whether the market has bottomed
An unidentified Bitcoin holder sent 2.5 BTC, worth around $181,000, to the wallet tied to Satoshi Nakamoto, the pseudonymous architect of Bitcoin who published the network’s foundational whitepaper in 2008 before vanishing from public view around 2011, according to data from Arkham Intelligence. The transfer, which took place over the weekend, landed in the so-called
The crypto market has steadied after last week’s sell-off, with Bitcoin posting a double-digit rebound even as analysts caution the rally may not be sustained. The leading crypto is up 12% from Friday’s low of $62,822 and is currently trading at $70,998, according to CoinGecko data. The bounce coincides with an improvement in U.S. investor
A wallet long associated with Bitcoin’s elusive founder, Satoshi Nakamoto, just received 2.565 $BTC, worth over $150,000. Several analysts and DeFi researchers on X, among them 0xNobler, flagged the unusual transfer. That speculation ranged from theories that Satoshi may still be alive to suggestions that the transaction was merely a symbolic tip sent to the
Bitcoin price today trades near $68,582 after consolidating above the $67,000 support zone following last week’s crash to $60,000. The current drawdown of 54% from October’s all-time high has Bitwise CIO Matt Hougan drawing parallels to the 2018 and 2022 bear market bottoms, suggesting much of the bad news may already be priced in. Bitwise
Futures are slightly green heading into Monday, with S&P 500 up 0.2%, Nasdaq 100 up 0.3%, and Dow futures up 87 points, after a wild week of tech-led selling and a Friday bounce. Bitcoin reclaimed $70,000 after diving below $61,000 on Thursday night. Gold is holding above $5,000 and silver’s still near $77, all steady
The cryptocurrency community has unleashed a torrent of mockery and defiance against the Financial Times following the publication of a scathing opinion piece declaring that Bitcoin is effectively worthless. The article, penned by FT columnist Jemima Kelly and titled “Bitcoin is still about $70,000 too high,” argues that the leading cryptocurrency is destined to hit