Global markets are exhibiting mixed trends due to risks related to the Strait of Hormuz and tensions between the US and Iran, while attention is focused on the non-farm payroll data to be released in the US today. On the other hand, the leading cryptocurrency Bitcoin ($BTC) and altcoins experienced a rapid recovery, but this
The amount of Bitcoin sitting on centralized exchanges just dropped below 2.708 million $BTC. That’s the lowest reserve level since November 2018, when Donald Trump was dealing with midterm election results and Bitcoin was trading under $4,000. Back then, low exchange reserves meant nobody cared enough to trade. Today, it likely means the opposite —
The latest streak of inflows in US spot Bitcoin exchange-traded funds (ETFs) was interrupted by fresh outflows as the $BTC price dipped below $71,000 on Thursday. Spot Bitcoin ($BTC) ETFs saw $228 million in net outflows on Thursday, ending the three-day inflow streak of about $1.1 billion, according to SoSoValue data. While weekly inflows still
New data points to a strengthening trend of long-term investment in the cryptocurrency market. According to data shared by the on-chain analytics company Santiment, the number of Bitcoin wallets has reached an all-time high. The total number of Bitcoin wallets has risen to a record 58.45 million. According to analysts, this increase indicates that adoption
Story Highlights Kazakhstan’s central bank plans to invest $350 million in cryptocurrencies including Bitcoin, Ethereum, and related digital assets. The National Bank of Kazakhstan will fund the crypto investment using its gold and foreign exchange reserves. Officials say the crypto investment plan will begin around April or May after selecting suitable companies. Kazakhstan, known as
Story Highlights Crypto whale Wei Zhao predicts Bitcoin could surge to $500K as AI adoption accelerates globally. Coinbase AI wallets and Circle nano-payments could enable machine-to-machine crypto transactions using Bitcoin and stablecoins. Bitcoin currently trades near $71K, but Zhao says historical cycle signals suggest another massive rally. Flagship cryptocurrency Bitcoin, which has been struggling since
As became known thanks to data from Santiment, the number of Bitcoin in nonempty wallets has reached a new all-time high above 58.45 million. The flagship cryptocurrency has seen network activity grow with this all-time high. In addition, the number of Bitcoin on known exchange wallets has fallen to the lowest level since December 2017.
Story Highlights Bitcoin is down 3% today and clinging to a critical support level that could decide its next major move. A $471M liquidation event just reset the market but analysts can’t agree on what comes next. One analyst says $80K is still on the table for March. Another warns $67,500 is the real risk.