Cryptocurrency analysis firm Alphractal and its founder João Wedson have shared a striking assessment of Bitcoin’s long-term price movements. According to the company, despite its recent upward momentum, Bitcoin has not yet broken through a critical resistance level on the Long-Term Power Law chart. The following statements were included in the Alphactal statement: Bitcoin is
New statistical evidence has emerged, suggesting that bitcoin’s (BTC) market dynamics are now intricately linked to the ebb and flow on Wall Street. Recently, the 90-day correlation coefficient between bitcoin’s 30-day implied volatility indices – Volmex’s BVIV and Deribit’s DVOL – and the S&P 500 VIX hit a record high of 0.88, according to data
The recent price records for BTC coincided with a wave of old whales moving their coins. Some suggested this may be a drive to take profits, but there may be another reason, as more old whales are dusted with transactions containing warning messages. There may be one common reason as to why old whales are
On July 2, Protos asked whether the bitcoin (BTC) treasury company bubble had popped. At that time, the mania had already been cooling for weeks, with many companies trading decidedly lower than their initial days on public markets. Today, weeks later, additional data show things didn’t — and look unlikely — get any better. According
Bitcoin price is eyeing a fresh increase above the $118,500 resistance. BTC must clear the $120,250 resistance zone to gain bullish momentum in the near term. Bitcoin started a fresh increase after it cleared the $118,000 zone. The price is trading above $118,600 and the 100 hourly Simple moving average. There is a key bullish
As Bitcoin (BTC) continues to trade near its all-time high (ATH) of $123,218, concerns over rising exchange deposits are mounting. However, fresh on-chain data reveals a significant contrast between the current rally and previous ones – most notably, a decline in BTC deposits to exchanges. Bitcoin Flow Pulse Shows Low Exchange Activity According to a
Block joined the S&P 500 on July 23, replacing Hess after the oil producer’s $54 billion acquisition by Chevron, a reshuffle that sent Block’s stock up 10.7% from the July 18 open of $72.01 to $79.69 by press time. The company announced the addition on July 18, prompting investors to position ahead of index-tracking funds
Arkham has cleared up the confusion around the U.S. government’s cryptocurrency holdings after alarm spread throughout the cryptocurrency community following the release of public records from the U.S. Marshals Service. The blockchain data tracking firm, Arkham Intelligence, has compiled data showing the U.S. government’s Bitcoin holdings across several agencies to clarify the confusion around the
A growing number of traditional companies are beginning to experiment with digital assets as part of their corporate treasury strategies, signaling a shift in how businesses view crypto’s role in financial management. This week alone, companies from sectors as diverse as agriculture, consumer manufacturing and even a nearly 80-year-old Japanese textile company announced allocations to
Jack Dorsey’s Block (XYZ) has started adding the first customers for its Bitcoin payments service, just as the firm joins the S&P 500. Shares of the NYSE-listed company, which owns Square, Cash App, and TIDAL, closed up 0.5% but have risen more than 14% over the past week. Dorsey stepped down as CEO Twitter, the