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Analyst says $20k BTC Price = $5k Years Ago
Mike McGlone, the well-known Bloomberg commodity analyst, claims that the $20,000 band for Bitcoin is similar to $5,000 in past years.
The famous analyst suggests that the current level can act as the new price floor.
Has Bitcoin Price…
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Bitcoin price rises to $20.7K as Fed’s Powell says more rate hikes ‘appropriate’
Bitcoin (BTC) checked losses while United States equities drifted down on June 22 as the Federal Reserve kept quiet on monetary policy.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewPowell keeps quiet on Fed movesData from…
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Solend Whale Moves $25M to Another Platform Despite Canceled Plans to Seize Their Wallet
Solend – a DeFi lending protocol built upon the Solana blockchain – attempted to take over a whale account that supposedly could put the protocol in trouble due to its colossal size of collateral at risk of being…
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‘Bitcoin dead’ Google searches hit new all-time high
Collapsing Bitcoin (BTC) prices are reviving renewed speculation about the demise of the leading cryptocurrency, according to Google search trends. Google searches for “Bitcoin dead” spiked in the week ending Friday, June 18, and likely…
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Ethereum Whales Are Accumulating These DeFi Tokens
According to the data of WhaleStats, a blockchain tracking service the top 100 Ethereum whales have their eye on WOO. Which is the utility token that powers WOO Network, and a decentralized exchange (DEX) that aims to provide deep liquidity…
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U.S. – Pushback Over 401k Bitcoin Plans
The Crypto Council for Innovation wants the Department to rescind its guidance on including crypto in 401(k) plans.
The Department has support from Senators Elizabeth Warren and Tina Smith.
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Russian Energy Giant Taps BitRiver to Mine BTC With Flared Natural Gas
Russia’s third-largest oil producer inks agreement with green crypto mining hosting company BitRiver to set up mining facilities on oil fields.
As debates rage on in North America about the alleged impact of bitcoin and Ethereum mining on…
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Babel Finance Pauses Crypto Withdrawals Following Liquidity Troubles
Babel Finance – an Asian crypto lending platform coming off a $2 billion valuation – has revealed that it is facing liquidity pressures. In response, it has paused all withdrawals and redemptions from the products on its…
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More Value in Digital Collectables Than Their Physical Counterparts, NFT Marketplace CEO Says
NFT collectibles saw $6 billion in trading volume in the first quarter of 2022
“If you want to be a global market, crypto is fundamentally the best deposit mechanism,” Dibbs CEO…
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Bitcoin (BTC) On-Chain Analysis: Market Metrics Show Capitulation
BeCrypto takes a look at Bitcoin (BTC) on-chain indicators, focusing this week on the Market-Value-To-Realized-Value (MVRV), Reserve Risk and Puell Multiple.
MVRV Z-Score
MVRV is defined as the ratio between the market and realized…
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