$MARA broke out of its ascending triangle pattern with a 23% gain, signaling a bullish move for this bitcoin mining stock.
Month: February 2024
The Second Big Bang of Bitcoin: Institutional Adoption Accelerates
Watching history unfold! Fidelity Canada adds Bitcoin allocations to their All-in-One ETFs, marking a massive step forward in mainstream adoption. Feel like we’re experiencing the second big bang of BTC π Bullish beyond measure!
The Crumbling Fiat Empire: A Tale of NYCB and Bitcoin
The recent decline in New York Community Bancorp’s (NYCB) stock price can be traced back to several factors including a drop in profits, loan losses, and regulatory pressure. As CEO Thomas Cangemi stated, “It’s a secular change in the use of downtown real estate.” Despite these challenges, Bitcoin continues to rise in value, demonstrating its resilience against traditional monetary systems. In the ever-changing landscape of traditional finance, the latest headlines surrounding New York Community Bancorp (NYCB) serve as a stark reminder of the fragility inherent in our current financial system.…
Halving, Mining & Price: The Intertwined Fate of Bitcoin
The fate of #Bitcoin’s price, mining profits, and the overall health of the crypto ecosystem are intertwined as the next halving event looms in Apr 2024. Will the halving drive up prices or squeeze out less efficient players? Keep watch with us.
MicroStrategy Soars in Bitcoin Holdings Despite Quarterly Earnings Slip
Uncovering the latest in corporate Bitcoin investment! Our newest blog post explores how MicroStrategy’s recent Q4 earnings reveal falling revenues yet skyrocketing BTC reserves
BlackRock & Co.: Pioneering Bitcoin’s Integration into Traditional Finance
Greetings, fellow Bitcoinners! It’s an exciting day in our beloved crypto space, as BlackRock and its peers take center stage in the quest for mainstream acceptance. As regulatory clarity emerges, institutional giants see new opportunities to bring Bitcoin closer to traditional finance while ensuring investor protection. Larry Fink, the CEO of BlackRock, has recently expressed his views on Bitcoin, positioning it as a commodity instead of a traditional currency. This perspective highlights the significance of appreciating Bitcoin from an investment viewpoint, which is a notion that finds agreement among numerous…
ETFs Approved by SEC Impact Miners’ Reserves
Bitcoin miners are selling reserves since ETF approvals led to $1 bil. in BTC moves to exchanges. Main drivers include preparations for the Bitcoin halving, covering operation costs, and securing profits. Increased institutional involvement supports a positive outlook for miners. Recently, Bitcoin miners have been selling their asset reserves or using them to upgrade their capacity due to increasing inflows to cryptocurrency exchanges. A report from Bitfinex Alpha Market indicates that Bitcoin ETF approvals by the US Securities and Exchange Commission (SEC) have had an impact on miners’ reserves. As…
Monero Plunges Amidst Growing Regulatory Pressure: A Deep Dive into Binance’s Decision to Delist
Unpacking the recent news of Binance delisting Monero & its consequences. Is this a buying opportunity for $XMR holders or a red flag indicating the ‘slow demise’ of Binance?
Breaking Free: A Bitcoiner’s Analysis of the Bullish Breakout in the CDD Metric
Greetings fellow bitcoin enthusiasts! It seems like we might just be on the cusp of another exciting chapter in the world of bitcoin as the Binary Coin Days Destroyed (CDD) indicator breaks out of its accumulation zone. According to recent on-chain data, this development could potentially signal the return of a powerful rally for our beloved cryptoasset. For those unfamiliar with the concept, ‘coin days’ refer to the amount of time a single bitcoin remains untouched within the blockchain. Once moved, these so-called ‘coin days’ cease to exist; hence, the…
The Bitcoin ETF Race: A Tug-of-War Between Inflows and Outflows
Grayscale Bitcoin Trust (GBTC), which began January 2021 with a holding of 619,000 $BTC, has seen a decrease to 478,000 BTC as of now. While Grayscale holdings dwindle, financial giants Blackrock and Fidelity have stepped into the scene, acquiring a staggering 134,357 BTC ($5.7 billion) for their respective Spot Bitcoin ETFs. This sudden increase raises questions about whether everyday crypto enthusiasts will even have access to Bitcoin if large institutions snap it all up! Let us take a closer look at the state of the ETF race using 3 revealing…