In the aftermath of a huge decline, the cryptocurrency market rose 5.57% in the last 24 hours, raising its entire market value to $2.35 trillion. Although the mood is still staying in the extreme fear zone, it sees cautious optimism, as the crypto Fear & Greed Index increased to 8
The Google search volume for the word “Bitcoin” has intensely increased in the last week as the price of the asset concisely slipped to the $60,000 level for the first time witnessed after October 2024. The provisional data from Google Trends reveals that the worldwide searches for Bitcoin attained a
On February 6, Shiba Inu witnesses potential gains after the rebound of Bitcoin from the $60,000 threshold. After the recovery, the traders again became speculative for altcoins, placing SHIB as one of the assets heavily profited by the return of liquidity to the market. The significant change in the price
One of the largest public Bitcoin treasury companies, Marathon Digital Holdings, transferred nearly $87million worth of Bitcoin to major crypto financial and investment firms, indicating potential selling pressure. On February 6, the on-chain analytics platform Lookonchain revealed that the Bitcoin Miner MARA Holdings transferred a total of 1,318 BTC valued
An analyst, Darkfost from CryptoQuant, has shared that at a time when crypto sell-offs boost, the inflows of stablecoin to exchanges have double-folded to $98 billion from the last levels. The increase of stablecoin inflows has crossed the 90-day average of $89 billion. The analyst further notes in the blog
Binance and Bybit have been said to have frozen withdrawals as a crypto sell-off continues to worsen in the marketplace. This freezing of withdrawals seems to have occurred as a result of a sell-off among the crypto assets in the marketplace. The recent sell-off appears to have influenced the decision
Metaplanet is a Bitcoin vault company based in Japan. And it was reported that they were committing themselves to buying even more Bitcoins despite the latest dips in price. In fact, the value of Bitcoin went down to around $60,000 in the past before it went back up to some
Eleven major U.S. public pension funds are now reporting substantial unrealized losses on microcap Strategy shares linked to Bitcoin. Their combined holdings of almost 1.8 million Strategy shares are currently worth $240 million. This is down from $577 million, which indicates a substantial drawdown. Market information reveals that this represents
Bitcoin price action saw a significant change as the Coinbase Premium Gap, an important metric of institutional demand, dropped to one of its lowest points this year, as highlighted by recent analysis from CryptoQuant. The Premium Gap measures the difference in price between Bitcoin transactions on Coinbase Pro, which is
Bhutan has shifted millions worth of Bitcoin from its sovereign wallets this week amid a broader crypto downturn that has seen its overall crypto asset holdings decline by more than 70% from its peak level of $1.14 billion. On-Chain analytics platform Arkham reveals that Bhutan’s sovereign investment arm, Druk Holding
