Bitcoin whales resume accumulation, signaling confidence in market rally
Bitcoin whales resume accumulation, signaling confidence in market rallyBitcoin's 53% price ascent is accompanied by sustained accumulation, even at higher prices.
Happy Wednesday!The global crypto market cap is $1.6 trillion, with a 24-hour volume of $94.07 billion. The price of Bitcoin is $43,802.78, and BTC market dominance is 53.8%. The price of Ethereum is $2,254.04, and ETH market dominance is 17.0%. The best-performing sector is Gambling, which gained 22%. The Crypto Fear & Greed Index is currently Greed (72). Top News
Bitcoin whales resume accumulation, signaling confidence in market rallyBitcoin's 53% price ascent is accompanied by sustained accumulation, even at higher prices. Bitcoin developer’s ‘bug’ claim triggers ORDI token brief dip below $50Long traders lost around $5 million due to the price fluctuation of the ORDI token. Swiss city Lugano to accept Bitcoin, Tether for tax paymentsBitcoin and Tether join traditional payment methods for settling Lugano's public fees through Bitcoin Suisse. Latest InsightsMore NewsARAX Holdings acquires 20% stake in the Nemesis’ blockchain-based metaverseThe Nemesis will deploy on Core Blockchain, a platform from ARAX's recently acquired subsidiary Core Business Holdings. Bitcoin’s illiquid supply hits 10-year high, signaling strong investor convictionThe increase in Bitcoin's illiquid supply correlates with an upward trend in market valuation. Binance settlement likely a watershed moment in crypto regulation: CFTC CommissionerSpeaking at a FT event in London, CFTC Commissioner Kristin Johnson told current and would-be industry participants that "there is an increasingly clear template for how to operate. Take the hint." SEC says court, not jury, should determine security status of Terra’s crypto assetsThe SEC argues the matter at hand is a legal question, not a question of facts, and therefore should be left to the court. Spotlight on AI, digital assets at House subcommittee hearingMembers of the SEC, the Federal Reserve, and other agencies testified before the House Subcommittee on Digital Assets, Financial Technology, and Inclusion on Dec. 5 while legislation continues to languish. Soaring Bitcoin prices liquidate $272M, pushes Tether USDT supply above 90BObservers have suggested that USDT's increasing supply indicates an improving liquidity for the crypto market.
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A complete guide to all 21 major amendments to BlackRock’s latest ETF filing
Tuesday, December 5, 2023
BlackRock fine-tunes Bitcoin ETF proposal with critical amendments addressing security, valuation, and compliance concerns.
Blockstream CEO bets Bitcoin will hit $100K before the halving
Monday, December 4, 2023
Adam Back also believes that Bitcoin could potentially reach between $750000 to $1 million per token under a bullish scenario.
Bitcoin mining: A catalyst for energy sustainability
Sunday, December 3, 2023
Exploring how Bitcoin mining can actively contribute to the stability and efficiency of power systems.
SEC met with Grayscale and seven other spot Bitcoin ETF applicants in late November
Saturday, December 2, 2023
The Commission has seen back-to-back meetings with a long line of industry figures seeking its approval for a spot Bitcoin ETF.
SEC opens comment period for Fidelity’s proposed Ethereum ETF
Friday, December 1, 2023
The SEC has put out the call for public comments on Fidelity's proposed spot Ethereum ETF with a decision possible by March 2024.
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