๐ค Galaxy Digital Analyst: The amount of #BTC distributed by Mt.Gox is expected to be less than the market expects, That's why There will be less selling pressure.
To receive โearlyโ payment, lenders made a 10% discount. We think about 75% of applicants are for BTC (~95k coins). Of this amount, approximately 20 thousand BTC should be sent to claim funds and 10 thousand coins should be sent to Bitcoinica BK, and 65 thousand coins will remain with individual creditors. These 65 thousand BTC/BCH is much less than the 141,868 coins that are regularly published in the press.
At the same time, he believes that sales may affect #BCH due to the low liquidity of the token.
To receive โearlyโ payment, lenders made a 10% discount. We think about 75% of applicants are for BTC (~95k coins). Of this amount, approximately 20 thousand BTC should be sent to claim funds and 10 thousand coins should be sent to Bitcoinica BK, and 65 thousand coins will remain with individual creditors. These 65 thousand BTC/BCH is much less than the 141,868 coins that are regularly published in the press.
At the same time, he believes that sales may affect #BCH due to the low liquidity of the token.
๐ฝ๐ The Biden administration is again hired his former cryptocurrency advisor Carol House (previously a crypto supporter) to the post of Special Advisor to the White House National Security Council.
๐ Kaiko report:
โช๏ธ #MNT Since October, Bybit's market share has grown from 8% to 16%, surpassing Coinbase to become the second largest exchange after Binance;
โช๏ธ Binance's #BNB dominance continues to erode, falling from 60% to 54% since October;
โช๏ธ The increase in volume on Bybit was mainly driven by both BTC and ETH;
โช๏ธ In contrast, Binance has seen stronger growth in altcoin volume, while the share of volume generated by BTC and ETH has dropped from 59% to 43%;
โช๏ธ Options traders are optimistic about the long-term prospects of #ETH;
โช๏ธ #BTC liquidity continues to decline over the weekend;
โช๏ธ Exchange token volumes have fallen fourfold since the 2021 bull run
โช๏ธ #MNT Since October, Bybit's market share has grown from 8% to 16%, surpassing Coinbase to become the second largest exchange after Binance;
โช๏ธ Binance's #BNB dominance continues to erode, falling from 60% to 54% since October;
โช๏ธ The increase in volume on Bybit was mainly driven by both BTC and ETH;
โช๏ธ In contrast, Binance has seen stronger growth in altcoin volume, while the share of volume generated by BTC and ETH has dropped from 59% to 43%;
โช๏ธ Options traders are optimistic about the long-term prospects of #ETH;
โช๏ธ #BTC liquidity continues to decline over the weekend;
โช๏ธ Exchange token volumes have fallen fourfold since the 2021 bull run
๐ #BTC Santiment: Since February 2023, the Bitcoin MVRV Ratio has dipped below -8.40% on four occasions, triggering BTC price jumps of 63%, 100%, 92%, and 28%.
Currently, with BTC priced under $60,000 and the MVRV Ratio at -8.96%, this might be an ideal time to buy the dip.
Currently, with BTC priced under $60,000 and the MVRV Ratio at -8.96%, this might be an ideal time to buy the dip.
๐ฅณ๐ #BTC Trump may head to Nashville to speak at Bitcoin 2024 conference: Axios theblock.com
๐ฑ #FUD Santiment: We're observing one of the highest social volume and dominance spikes for the word "bottom" in the last year.
Study what happened historically when similar events took place
Study what happened historically when similar events took place
๐ฎ๐ท๐ Iranian officials consider blockchain game "Hamster Kombat" a tool of "soft power" cointelegraph.com
๐ #BTC CryptoQuant: This is the strongest selling pressure in 2 months
๐ฅณ๐ #BTC Bitcoin will protect the wealth that artificial intelligence will create: Pompliano cointelegraph.com
๐ฅณ๐ RWA platform Swarm Markets will offer tokenized gold via NFTs as MiCA stablecoin regulations come into effect theblock.com