Bitcoin ($BTC) price trades near $70,700, flat over the past 24 hours but still holding roughly 10% gains on the month. The 8-hour chart shows an ascending channel that has been building since early February, with multiple breakout attempts that have failed. Possible easing in geopolitical tensions has helped stabilize the price, but underneath, two
Circle Internet Group (CRCL) dropped 20% on March 24 after the Clarity Act’s draft language banned passive stablecoin yield, erasing an estimated $4.6 billion in market value. The sell-off hit as three forces converged on Circle simultaneously. A yield ban rattled investors, rival Tether ($USDT) announced a Big Four audit, and 16 $USDC business wallets
Bitcoin’s ($BTC) price has been volatile again this year. The largest cryptocurrency has fallen roughly 4% over the past week amid geopolitical tensions and macroeconomic headwinds. Amid this, four on-chain indicators are flashing caution signs. Glassnode’s Accumulation Trend Score is closer to zero. This level reflects distribution or inactivity across wallet cohorts. The analytics firm
Vienna-based crypto broker Bitpanda is launching a new blockchain network aimed at bringing tokenized assets into Europe’s regulated financial system, as institutions look to move toward always-on markets. The company said Wednesday that its “Vision Chain,” built with the Vision Web3 Foundation and Optimism OP$0.1126, will provide infrastructure for banks and fintechs to issue and
GameStop just dropped a mixed set of numbers in its latest earnings report on Tuesday, where Q4 net sales came in at $1.104 billion, down from $1.283 billion a year earlier.Even with that drop, net income still landed at $127.9 million, just under the $131.3 million reported in the prior-year quarter. GameStop also published its
Global giant BlackRock has made important statements regarding which cryptocurrencies are attracting the attention of institutional investors. Robert Mitchnick, head of digital assets at BlackRock, said that institutional investors are increasingly focusing on Bitcoin ($BTC) and Ethereum ($ETH). Speaking at the Digital Asset Summit in New York, Robert Mitchnick stated that institutional investors have recently
On Friday, bitcoin $BTC$71,039.44 options or derivative contracts worth billions will expire on crypto exchange Deribit. Traders might want to note that the dynamics of the expiry are such that $BTC’s market price could be lifted toward a very specific point: $75,000. Deribit, the world’s largest crypto options exchange, will settle bitcoin options contracts worth
The net outflow of Bitcoin from exchanges over the past month suggests that investors have started to accumulate the cryptocurrency, says a CryptoQuant analyst. March has been largely dominated by Bitcoin ($BTC) outflows from crypto exchanges, aside from one spike in inflows just before the asset tapped a six-week high of $76,000 on March 17,