Macro conditions suggest Bitcoin (BTC) might face a multi-week performance slowdown if global M2 money supply peaks in September, according to a recent report by Delphi Digital. The BTC-M2 relationship using a 10-week offset shows M2 data already rolling over roughly 8% from projected September highs. Bitcoin has historically followed M2 peaks with performance lags,
I hate it when the bitcoin price falls — like it did this week, first from $118,000 to $115,000, and then $115,000 to $113,000 (and then $112,000 while I was writing; rude). It’s nerve-wrecking, terrifying and straight-up infuriating. We’re on this unavoidable monetary revolution and every identifiable sign is pointing in the same, upward direction
Bitcoin traded between $112,800 and $113,200 per coin from 9 to 11 a.m. Eastern on Aug. 21 as derivatives metrics showed steady open interest and heavier put activity over the past 24 hours. Futures Positioning Builds Across Venues; Binance and Bybit Trail CME Total bitcoin futures open interest (OI) stood at 711.18K BTC, equal to
Africa is catching up fast to the Web3 economy, and Kenya, which is considered a third-world country, is first in line. Bitcoin is beginning to take hold in Nairobi’s Kibera slum, thanks to Afribit. In Nairobi’s sprawling Kibera slum, one of Africa’s most densely populated and underserved urban settlements, an unconventional solution is taking root.
Bitcoin’s blockchain recorded one of the biggest moves of recent weeks as a total of 4,999 BTC, valued at $567,998,549 based on a reference price of $113,800 per coin, was transferred from a well-known whale address to a wallet that had never held coins before. To say the least, the sender’s wallet is long accustomed
A long-term Bitcoin indicator tracked by analyst bitcoindata21 is close to flashing again, pointing to the possibility of another price surge. The signal is triggered whenever the market touches a yellow upward trendline that has historically marked the beginning of major rallies. This observation comes at a time of subdued sentiment in the crypto market,
Fed Pushes Back on September Rate Cut A senior U.S. Federal Reserve official made it clear: “With current data, there’s no case for a September rate cut.” Inflation remains sticky, and the labor market is still resilient, giving the Fed little reason to ease up. For crypto, that’s bad news. A delayed cut means tight
Bitcoin’s recent price action may still be tracking its historic four-year halving cycle, despite some market predictions that rising institutional interest could break the pattern, according to onchain analytics firm Glassnode. “From a cyclical perspective, Bitcoin’s price action also echoes prior patterns,” Glassnode said in a markets report on Wednesday. Bitcoin shows signs of cool