How Bitcoin’s road to new ATH was reflected in on-chain data
How Bitcoin’s road to new ATH was reflected in on-chain dataCryptoSlate's latest market report dives deep into on-chain data to better understand the market forces leading up to, during, and after Bitcoin's journey to the new ATH.
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How Bitcoin’s road to new ATH was reflected in on-chain dataCryptoSlate's latest market report dives deep into on-chain data to better understand the market forces leading up to, during, and after Bitcoin's journey to the new ATH. α Weekly ResearchCEXs saw record-breaking trading volume as Bitcoin touched ATHBitcoin's roller coaster ride up to its ATH of $69,000 triggered unprecedented trading volumes on centralized exchanges. Funding rates soared as traders bet big on Bitcoin’s future gains before correctionThe cost of holding Bitcoin long positions spiked, pointing to intensified bullish expectations and leverage concerns. α Top Insights
More α ResearchRecord high realized cap shows unprecedented economic investment in BitcoinThe Bitcoin network and its participants have never been as economically invested in BTC as as they are now. The Bitcoin market faces a critical moment amid soaring unrealized profitsSpot ETF inflows and bullish sentiment buoy Bitcoin, despite potential volatility from unrealized gains. Bitcoin’s surge to $57K did not result in liquidation storm, defying expected trendDespite Bitcoin's high flying, liquidations remain grounded — indicating a market that is cautious.
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Bitwise reveals major institutions will start investing in Bitcoin ETFs starting Q2
Saturday, March 9, 2024
Bitwise said it is in "serious due diligence discussions" with a variety of major financial and corporate entities interested in Bitcoin. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
AI crypto market cap doubles to $25 billion in 20 days
Friday, March 8, 2024
The same AI tokens had a market cap of just $10 billion three weeks ago. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
CFTC chair urges Congress to issue legislation for crypto regulations
Thursday, March 7, 2024
Rostin Behnam also told Congress that Bitcoin and Ethereum can only be considered commodities under the current regulatory frameworks. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Bitcoin and gold are becoming increasingly correlated in conservative investment strategies
Wednesday, March 6, 2024
Market trends suggest that investors are turning to gold and Bitcoin as a hedge against uncertain global conditions. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
BlackRock looking to include Bitcoin exposure in other funds
Tuesday, March 5, 2024
The asset manager has filed an amendment to include Bitcoin exposure in its Strategic Income Opportunities Fund (BSIIX). ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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The association sent a letter with five priorities to the President-elect, including regulatory clarity and ending crypto firms' "debanking." ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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Galaxy's CEO also warned that the market is currently heavy with leverage, with a correction until $80000 being possible after the $100000 is surpassed. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏