Bitcoin Exchange Depositing Addresses Plummet to Six-Year Low
The number of addresses sending inflow transactions to exchanges dropped to 132,100. A lower number of deposit addresses could indicate several factors. One possibility is that investors are holding onto their Bitcoin, anticipating future price increases. Another explanation could be a shift in trading activity towards other cryptocurrencies or derivatives markets... Details
Bhutan Surpasses El Salvador as a Major Bitcoin Holder in South Asia
Bhutan has emerged as a major Bitcoin holder in terms of cryptocurrency holdings, according to data from Arkham Intelligence. The on-chain analytics platform revealed that Bhutan holds 13,029 Bitcoin worth $758 million. This makes Bhutan the largest Bitcoin holder in South Asia, surpassing El Salvador, which holds 5,875 BTC worth $331 million... Details
Digital Asset Investment Products Rebound with $436M Inflows
Digital asset investment products have seen a turnaround, with inflows reaching $436 million following a prolonged period of outflows totaling $1.2 billion. The reversal is influenced by shifting market expectations, particularly the potential for a 50-basis-point interest rate cut, fueled by comments from NY Federal Reserve President Bill Dudley... Details
Trump Presidency Could Propel Bitcoin to $125K, Harris to $75K: Standard Chartered
Bitcoin is expected to end the year at new all-time highs regardless of who wins the US election, according to Investment Bank Standard Chartered analyst Geoff Kendrick. The U.S. presidential election’s impact on Bitcoin’s future trajectory matters less than it did when Joe Biden was the Democratic candidate... Details
Bitcoin In September ‘Seasonal Slog’: What Opportunities Should Traders Watch For?
In a September 10th NYDIG market update, Greg Cipolaro described the potential near-term catalysts for Bitcoin as “sparse,” as the leading cryptocurrency enters one of its toughest months. Historically, September has been challenging for Bitcoin holders, with a mean loss of 5.9% over the 13 years since 2011... Details
Telegram CEO Addresses Platform Abuse In First Comments Since Arrest
Telegram CEO Pavel Durov publicly addressed his recent arrest in France for the first time. He admitted the platform’s rapid growth to 950m users led to “growing pains” that enabled criminal misuse. Durov’s case has sparked debates on free speech, privacy and the responsibilities of tech CEOs... Details
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