Despite several major catalysts, Bitcoin’s price fell from its all-time high, reaching critical support. Summary Bitcoin’s price is falling despite record ETF inflows and adoption Stocks and gold have fared much better compared to BTC this week Still, declining confidence in the dollar may boost Bitcoin and gold Bitcoin’s price is slowing, despite record ETF
Key Takeaways Grayscale has partnered with Figment to introduce staking features for its Ethereum and Solana investment products. The partnership enables Grayscale’s clients to earn staking rewards through technical infrastructure provided by Figment. Grayscale, a digital asset manager, has partnered with Figment, an institutional staking services provider, to enable staking features for its Ethereum and
Bitcoin (BTC) state, following its new all-time high of $126,000, is facing tests from profit-taking and elevated leverage. As Glassnode reported on Oct. 8, mid-tier holders that have accumulated between 10 and 1,000 BTC have driven demand over recent weeks, while whale distribution has eased since earlier this year. The Trend Accumulation Score shows that
Fed Chair Jerome Powell avoided discussing monetary policy during his Oct. 9 Community Bank Conference remarks, supporting Bitcoin’s continued advance toward $150,000. Matt Mena, Crypto Research Strategist at 21Shares, stated in a note that this was a “strategic omission” by Powell. He characterized the narrow focus as “effectively a green light for risk assets” because
On Thursday, October 9, the co-founder and former CEO of Binance, Changpeng Zhao (CZ), made remarks on the latest adjustment made to the BNB Chain, emphasizing the extent to which the network fee has been reduced this year. In a statement that has stirred debates across the crypto community, Binance’s CZ revealed that the BNB
Key Takeaways Bitcoin’s brief dip to $120K triggered over $120 million in liquidations, led by Bitcoin, Ethereum, and Solana positions. Analysts describe the pullback as a healthy correction before potential continuation of the uptrend. Bitcoin pulled back to the $120,000 level today, triggering over $120 million in liquidations across major crypto assets within the past
Grayscale is exposing a problem of staking large reserves of ETH – the waiting time to stake the tokens is growing fast. Grayscale is trying to open its ETP to staking, preparing to deposit up to 300,000 tokens. Grayscale is performing a stress test on whether Ethereum ETF can also add staking. The investment company
A bill intended to establish a Bitcoin strategic reserve for the US state of Massachusetts received a tepid response after its first legislative action in eight months. In a Tuesday hearing of the Massachusetts legislature’s Joint Committee on Revenue, state Senator Peter Durant testified regarding the bill he sponsored, “an Act relative to a Bitcoin
Retail Bitcoin traders made themselves heard today, causing $700 million in crypto liquidations. The price of BTC fell by around $4,000 as on-chain activity spiked, even though institutions kept buying. Whether or not BTC keeps dropping or recovers soon, we need to pay attention to these dynamics. Corporate liquidity is very influential in the market,
Fed Board Member Michael Barr has taken a cautious stance regarding inflation and the monetary policy outlook in his recent statements. Barr noted that consumer spending has remained strong since the September meeting, while core personal consumption expenditures (PCE) inflation continues to rise. “The September rate cut was an appropriate decision, but the current policy