Bitcoin social sentiment decline may signal market bottom

Jeff Currie, the global head of commodities research at Goldman Sachs, described Bitcoin as a “risk-on” asset that is similar to copper as a hedge against inflation. 3161 Total views 4 Total shares Jeff Currie, the global head of commodities research at Goldman Sachs, has dismissed comparisons between Bitcoin and gold as an inflation hedge,…

Bitcoin (BTC) and select altcoins are showing signs of some buying near support levels. According to Arcane Research, the seven-day average real Bitcoin trading volume has dropped to the lowest level since July 2021. During the previous instance, the sharp drop in volume marked a bottom and led to a strong rally from August to…

Asset managers around the globe are losing confidence in the dollar, encouraging them to seek out inflation-resistant investments for their clients. 682 Total views 9 Total shares A new survey of global fund managers reveals that Bitcoin has climbed in the rankings of “most crowded trade” beating out traditional investments like gold and bonds. Bitcoin was…

In the current climate, which is pretty hostile for the digital assets industry following the failures of 2022, central bank digital currencies (CBDCs) are often perceived as “crypto killers.”This is hardly an overstatement, as financial authorities’ aspirations concerning CBDCs are relatively straightforward: return firmer control over the movement of money before it gets too decentralized.Governments…

Those who marched against Bitcoin this week claimed the cryptocurrency was too volatile and would allow businesses to "launder ill-gotten money." 1145 Total views 5 Total shares Protesters calling themselves the Popular Resistance and Rebellion Block have come out against El Salvador’s government passing a law making Bitcoin legal tender.A Tuesday tweet from local news…

Slack conversations between Terraform Labs' co-founders Do Kwon and Daniel Shin have exposed their contemplation of orchestrating fraudulent transactions on the Terra blockchain. 107 Total views 9 Total shares Terraform Labs co-founder Do Kwon has refuted the significance of Slack messages as evidence, which involved discussions with his co-founder Daniel Shin about manipulating transactions on the

According to the U.S. crypto exchange, only regulators’ actions in California, New Jersey, South Carolina, and Wisconsin require the pause in staking additional assets. 229 Total views 6 Total shares United States-based cryptocurrency exchange Coinbase has announced it will be temporarily stopping customers from staking additional assets in four states amid legal proceedings from local…

Ether (ETH) price is lagging Bitcoin's (BTC) price action by 13% in October, but is this relevant? To date, the altcoin has still outperformed BTC by 274% in 2021. However, traders tend to be short-sighted and some will question whether the Ethereum network can successfully migrate to proof of stake (PoS) validation and finally solve…

Bitcoin (BTC) futures are fast becoming the darling of institutional investors as open interest spikes 60% since the start of 2020. Data from monitoring resource Skew Markets shows that open interest across major futures offerings from exchanges now stands at more than $4 billion. BitMEX, OKEx futures open interest passes $1BOver half of that stems from two…