Bitcoin velocity hits 12-year low as institutional demand drives up price
Bitcoin velocity hits 12-year low as institutional demand drives up priceDespite reaching an all-time high, Bitcoin’s velocity continues to drop, signaling a new era of institutional accumulation.
Happy α Sunday 💪⛓️🚀Our Sunday newsletter is dedicated to the recent content from CryptoSlate Alpha, the web3 membership designed to empower you with cutting-edge insights and expert knowledge. Built on top of Access Protocol, Alpha is incredibly easy to join — you only need a Solana self-custody wallet and a small amount of ACS tokens to stake, which will grant you access to all research and reports. For more information, see more about CryptoSlate Alpha. 🚀Are you a Web3 marketer? Join our new Web3 Marketing Insights channel here https://t.me/cryptoslate_web3. We’ll be sharing tips, strategies, and special announcements to help web3 marketers level up their game. 📖 α Weekly Research
Bitcoin velocity hits 12-year low as institutional demand drives up priceDespite reaching an all-time high, Bitcoin’s velocity continues to drop, signaling a new era of institutional accumulation. Regulated exchanges dominate Bitcoin trading volumesThe rising preference for regulated exchanges reflects the market's shift toward compliance and stability. α Top Insights
📖More α ResearchOptions wield outsized influence on Bitcoin’s volatilityDecember's options/futures open interest ratio spike shows how traders' hedging exacerbates Bitcoin’s price volatility. Bitcoin holds steady near $100,000 as selling pressure is absorbedDespite significant profit-taking, robust demand Bitcoin hovering near the $100,000 mark. Massive deleveraging stopped Bitcoin from breaking through $100kHigh leverage in derivative trading amplified Bitcoin's rally before subsequent deleveraging triggered a sharp correction.
|
Older messages
Donald Trump reportedly plans to leverage $200 billion US Treasury fund for Bitcoin reserves
Thursday, December 19, 2024
Trump's bold Treasury strategy could establish the US as a frontrunner in Bitcoin reserves amid global interest. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Bitfinex projects Bitcoin peaking at $290k in early 2026 if historical patterns repeat
Thursday, December 19, 2024
Historical indicators suggest Bitcoin's price could soar between $160000 and $290000, depending on market dynamics. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Bitcoin to hit $1 million by 2027 using new adoption pricing model
Thursday, December 19, 2024
Bitcoin modeled as a resource with fixed supply cap, raising potential for rapid price escalation amid growing demand and strategic reserves. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Ripple secures NYDFS greenlight to launch RLUSD stablecoin
Wednesday, December 11, 2024
Bard Garlinghouse confirmed the regulator approval, stating the stablecoin will go live soon. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Russian lawmaker proposes strategic Bitcoin reserve to counter geopolitical challenges
Tuesday, December 10, 2024
As Bitcoin gains traction globally, Tkachev's plan positions Russia to use digital currency as a hedge against geopolitical financial barriers. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
You Might Also Like
⚡ He *accidentally* built a life-changing newsletter business
Saturday, December 21, 2024
Watch & listen to learn how. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
SEC Commissioner predicts early improvements for crypto ETFs under new leadership
Saturday, December 21, 2024
Changes such as staking for Ethereum ETFs and in-kind redemptions for Bitcoin products will likely to happen early on, says Hester Peirce. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Weekly Project Updates: Sonic Mainnet Officially Launched, Opensea Hints at Token Launch, NFT Trading Volume Shows…
Saturday, December 21, 2024
Avery Ching, Co-Founder and Chief Technology Officer of Aptos, will assume the role of Chief Executive Officer to lead the company into its next phase. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Bitcoin pullback mirrors 2020 reversal 250 days post-halving, it then rose 140%
Friday, December 20, 2024
Repeating history? Bitcoin's cyclical journey suggests potential rise to $225000. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
WuBlockchain Weekly: Trump Pledges Full Support for Blockchain Industry Development, Nasdaq 100 Adds MicroStrategy…
Friday, December 20, 2024
The Federal Reserve announced its rate decision, setting the upper limit at 4.50%, in line with expectations and lower than the previous rate of 4.75%. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Reminder: Bitcoin Pushes Above $106K To Reach New ATH
Thursday, December 19, 2024
Jerome Powell Faces Pivotal Policy Decisions; Google Finally Launches Highly Anticipated New AI Agent Monday Dec 16, 2024 Sign Up Your Weekly Update On All Things Crypto TL;DR In this issue, we dive
Your biweekly source of crypto insights📈
Thursday, December 19, 2024
The $PENGU airdrop is only half claimed, but nearly a million wallets have participated in the drop already. 72% of those have sold or moved their ent A It's the talk of the town — most of the
Bitcoin falls to $100,000 following hawkish FOMC despite 25bp rate cut
Thursday, December 19, 2024
The profit-taking activity by long-term holders was met by new entrants' demand, reflecting a wealth shift movement. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
The story of BWEnews: China’s most Famous Cryptocurrency News Trader
Thursday, December 19, 2024
This provocative introduction comes from Vida, who claims to be the richest Gen Zer on Zhihu, with at least $7 million in available cash (approximately ¥51 million). ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Reminder: Bitcoin Makes History By Reaching Elusive $100K Mark
Thursday, December 19, 2024
We bring you the top stories in crypto every week! Stories like... Monday Dec 9, 2024 Sign Up Your Weekly Update On All Things Crypto TL;DR Welcome to this week's edition of CryptoWeekly Recap,