Story Highlights Public Bitcoin miners sold over 15,000 $BTC after Bitcoin reached its record $126,000 price peak. Mining firm Cango sold 4,451 $BTC to reduce its growing $407 million debt burden. Some miners like Bitdeer and Core Scientific are selling $BTC to invest in AI data centers. Publicly listed Bitcoin mining companies have sold more
The supply of Bitcoin held on centralized crypto exchanges (CEXes) has experienced a massive decline, according to the latest onchain data provided by analytics firm CryptoQuant. Bitcoin exchange reserve across all platforms has nose-dived below 2,708,000 $BTC. This is the lowest level of exchange liquidity the market has seen since November 2018. The leading cryptocurrency
Bitcoin price has staged a sharp 18% recovery from its February lows near $62,530, briefly tagging $74,150 this week. The headlines call it a comeback. On-chain data tells a different story. BeInCrypto’s own on-chain research and Glassnode’s Week On-Chain report, released this week, together point to a market distributing into relief. Not one building toward
Bitcoin staged a brief relief rally above $74,000 on Thursday, but it has already petered out as analysts predict a persistent bear market will keep momentum subdued. “Bitcoin is still in a bear market despite the recent rally,” on-chain analytics company CryptoQuant said on Thursday. The platform’s Bull Score Index, a composite indicator that measures
Bitcoin is likely to outperform gold on price performance through to 2029 after gold’s strong recent rally, says macroeconomist Lyn Alden. “If I had to bet Bitcoin versus gold over the next two to three years, I would bet Bitcoin,” Alden said on the New Era Finance podcast on Wednesday. “Gun to my head, if
The recent surge in the price of the leading cryptocurrency, Bitcoin ($BTC), pushing it above $73,000, has fueled bullish sentiment. However, according to CryptoQuant, while Bitcoin’s rise looks encouraging, it appears to be a short-term relief rally rather than the beginning of a new bull cycle. Julio Moreno, head of research at CryptoQuant, said that
Bitcoin, the leading cryptocurrency, has slowed its recent recovery at a critical technical resistance level. According to analysts, the most important level determining BTC’s short-term direction will be the $70,000 support level. The analysis indicates that the Bitcoin price is stagnating in an area where two technically significant indicators intersect. Accordingly, the price is struggling
Vancouver, Canada – February 2025. City officials have delivered a stunning recommendation to abandon Vancouver’s ambitious initiative to become a ‘Bitcoin-friendly city,’ citing fundamental legal and financial constraints. This pivotal move, reported by Decrypt, represents a significant setback for a plan championed by Mayor Ken Sim and highlights the ongoing tension between municipal innovation and
Renowned macro analyst Alex Krüger is pushing back on a comparison that has taken hold across desks since strikes involving Iran began: that markets are replaying the 2022 Russia-Ukraine shock, with crypto and Bitcoin in particular tracing an uncomfortably familiar pattern. Yes, the setups rhyme, Krüger wrote in a March 4 Substack note. But he
Bitcoin is regaining strength after pushing back above the $70,000 level, a move that has helped restore a degree of bullish sentiment following weeks of heightened volatility. The recovery comes after a turbulent period for global markets, during which geopolitical developments and macro uncertainty triggered sharp swings in price action across risk assets. According to