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Bitcoin News
Bitcoinist
2w
314
Image Credit: Bitcoinist
Bitcoin Open Interest Hits New All-Time High In The Past Week, Data Shows
- The Bitcoin open interest across all exchanges reached a new all-time high of $32.9 billion in the past week.
- Rising open interest suggests increased market speculation and higher volatility.
- The surge in open interest indicates fresh capital flowing into the cryptocurrency market.
- Despite the record open interest, the price of Bitcoin has seen a decline in the past 24 hours.
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18 Likes
Newsbtc
2w
96
Image Credit: Newsbtc
Bitcoin Bullish Outlook Confirmed By Critical Data – STH Overheating?
- Bitcoin is consolidating below the crucial $70,000 level after a volatile week of price fluctuations.
- Short-term holder (STH) coins are trading at a 6.2% net asset value (NAV) premium, indicating optimism among investors.
- The consolidation and rising demand among short-term holders create a favorable environment for potential price appreciation.
- Bitcoin's key levels to watch are $65,000 for support and $70,000 for a potential breakout and continuation of the bullish phase.
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5 Likes
Bitcoinist
2w
253
Image Credit: Bitcoinist
Why Did The Bitcoin And Ethereum Price Crash?
- The Bitcoin and Ethereum price crashed below $67,000 and $2,500 following an alleged investigation into the USDT issuer Tether by the US Department of Justice.
- The news sparked a major crypto market selloff due to fear and uncertainty among market participants.
- Israel's retaliatory attack on Iran also contributed to the price crash, causing panic in the market.
- The breakdown in the Bitcoin and Ethereum price is seen as a concerning sign, with potential selling pressure if the pattern continues.
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15 Likes
Bitcoinist
2w
310
Image Credit: Bitcoinist
Ethereum Continues Losing Ground To Bitcoin With ETH/BTC Ratio at Multi-Year Lows
- Ethereum (ETH) continues to underperform against Bitcoin (BTC) and has hit multi-year lows in the ETH/BTC ratio.
- ETH recorded a new low of 0.0365 against BTC, erasing all its gains since April 2021.
- ETH has declined by almost 58% against BTC since reaching a local high in December 2021.
- The lackluster price performance of ETH can be attributed to increasing competition from rival smart contract blockchains and the attention shifted towards Ethereum layer-2 solutions.
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Bitcoinist
3w
284
Image Credit: Bitcoinist
Bitcoin Realized Cap Sets New All-Time High, Market Cap Next?
- The Bitcoin Realized Cap has set a new all-time high (ATH) as capital inflows into Bitcoin have increased.
- The Realized Cap is a measure of the total amount of capital invested in Bitcoin based on the cost basis of all coins in circulation.
- The Realized Cap has been consistently growing, reaching a new record of over $646 billion.
- Despite the capital inflows, the Bitcoin price is currently trading around $68,000.
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17 Likes
Medium
3w
353
Image Credit: Medium
I Let AI Trade Crypto for Me — Here’s What I Learned
- AI trading bots are being used in cryptocurrency markets to automate buying and selling decisions
- AI trading bots use algorithms and machine learning to analyze market data and execute trades
- The profitability of these bots varies based on market conditions and strategies used
- Real-world performance of bots can differ significantly from backtesting results
- Building a successful bot requires skills in programming, data analysis, and a deep understanding of market conditions
- AI bots can effectively assist with arbitrage, by identifying price discrepancies and executing trades swiftly and efficiently
- Engaging with the trading community can provide valuable insights and shared experiences
- Continuous improvement and adaptation are key to success in automated crypto trading
- An adaptive mindset allows for the best use of AI's capabilities while managing challenges
- Automated systems are not a guarantee of success, but can enhance trading strategies if used wisely
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21 Likes
Medium
3w
419
Image Credit: Medium
The Ups and Downs of Letting AI Manage Crypto Portfolio
- AI-driven portfolio management utilizes algorithms and machine learning to analyze financial data for making investment decisions.
- Advantages of AI in finance include cost efficiency, 24/7 availability, and personalized investment strategies.
- Potential downsides of AI in finance include the lack of human touch, data privacy concerns, and questionable adaptability.
- AI-driven systems can offer lower fees and increased accessibility to novice investors.
- AI operates around the clock and can make quick decisions, adapting to changing market conditions.
- AI can analyze large amounts of data, creating customized strategies based on individual preferences and risk profiles.
- The potential downsides of AI include limited adaptability to unexpected events and the potential for limited customization.
- Balancing AI with human insights can provide personalized recommendations and emotional support during market volatility.
- Investors should evaluate their personal investment goals, stay informed about advancements in AI technology, and weigh the pros and cons before deciding on AI management for their investments.
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25 Likes
Coin Telegraph
3w
367
‘The Case for Bitcoin as a Reserve Asset’ — Bitcoin Policy Institute
- According to a recent paper from the Bitcoin Policy Institute, central banks should adopt Bitcoin as a reserve asset.
- The paper argues that Bitcoin can serve as a hedge against inflation, geopolitical risks, capital control risks, sovereign default, bank failures, and international sanctions imposed by the US government.
- The economist argues that Bitcoin's weak correlation with other financial instruments makes it an effective portfolio diversifier.
- Furthermore, Bitcoin's lack of counter-party risk makes it a valuable hedge against sovereign defaults and financial sanctions.
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22 Likes
Bitcoinist
3w
340
Image Credit: Bitcoinist
South Korea To Regulate Cross-Border Crypto Transactions In 2025
- South Korean authorities plan to regulate cross-border crypto transactions by the end of 2025 to combat tax evasion by foreign exchanges.
- The Korean government will create a legal basis to monitor and share cross-border crypto transactions with financial authorities.
- Companies involved in cross-border transactions with crypto assets must register and report transaction details to Korean financial authorities.
- The regulatory plan comes due to the increasing demand for cross-border transactions using crypto assets, which currently lack a legal basis.
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20 Likes
Bitcoinist
3w
135
Image Credit: Bitcoinist
Will Japan Launch Bitcoin And Ethereum Crypto ETFs? Key Industry Group Pushes for Approval
- A coalition of Japanese companies recommends focusing on Bitcoin (BTC) and Ethereum (ETH) for upcoming crypto ETFs in Japan.
- Japan has been cautious about approving crypto ETFs, but the coalition urges the regulator to prioritize BTC and ETH due to their market value and long-term performance.
- The coalition also advises Japan to reconsider its tax policies on crypto income to attract more digital currency investment.
- Key players in Japan's financial landscape, including Mitsubishi UFJ Trust and Banking Corp., Sumitomo Mitsui Trust Bank Ltd., and crypto exchange bitFlyer Inc., are part of the coalition.
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8 Likes
Medium
3w
43
Breaking Barriers: How Blockchain Can Empower the Unbanked and Transform Global Trade
- Blockchain technology can empower the unbanked population to access global markets and trade with greater ease and efficiency.
- The unbanked population faces significant challenges when attempting to participate in global marketplaces with limited access to financial services and technology, difficulties in meeting the requirements of digital transactions and limited trust in online transactions.
- Proper identification and documentation, trust in online transactions, cross-border payment challenges, currency conversion, and exchange rates are other significant challenges faced by the unbanked population.
- Language and cultural barriers, logistics, and shipping challenges, limited access to marketing and online presence, and regulatory and compliance hurdles are additional challenges that the unbanked population faces.
- Initiatives such as mobile banking, digital identity solutions, and blockchain-based payment systems can help extend financial inclusion, enabling unbanked entrepreneurs to access international markets and trade with greater ease and efficiency.
- Investing in startups that can make a genuine impact on the world can break the monopoly that traditional financial institutions have maintained for far too long.
- Blending Web 2 and Web 3 companies can challenge and transform the traditional financial sector and allow for wider crypto adoption.
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2 Likes
TronWeekly
3w
275
Image Credit: TronWeekly
Tether Dominance Rises, Hints At Potential Bitcoin Downturn: Report
- Tether Dominance (USDT.D) has been recently garnering market focus as it may indicate the upcoming bearish trend for Bitcoin.
- Recent price action of Tether suggests an inverse correlation with Bitcoin, indicating that the recent growth of Bitcoin may be temporary.
- Tether's rising dominance is seen as a flight to quality by investors, which typically occurs before Bitcoin volatility re-emerges.
- The increasing market share of Tether in the cryptocurrency market is a warning sign for those exposed to Bitcoin, suggesting potential market direction.
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16 Likes
TronWeekly
3w
219
Image Credit: TronWeekly
Bitcoin’s Big Peak: June Or September 2025? Key Cycle Dates To Watch
- Bitcoin’s potential peak is forecast for June or September 2025, based on historical cycle patterns and market trends.
- Key dates in mid-to-late 2025 mark a potential high for Bitcoin, with analysts watching closely for confirmation signals.
- Investors monitor Bitcoin’s progress as the crypto approaches critical cycle markers, with Fib 1 levels as a key guide.
- The potential cycle peak for Bitcoin is expected to be in mid to late 2025, with June and September being critical months.
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13 Likes
Newsbtc
3w
367
Image Credit: Newsbtc
SUI In Bear Territory: RSI Drop Suggests Further Downside Risk
- SUI has entered bearish territory as the Relative Strength Index (RSI) turns negative, indicating further downside risk.
- On the 4-hour chart, SUI is below the 100-day Simple Moving Average (SMA) and faces resistance at this level.
- The RSI has dropped to 23% on the 4-hour chart, suggesting selling activity may be overextended.
- If SUI breaks below the $1.4 support level, it could decline to $1.23, while holding above $1.4 may signal a reversal.
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22 Likes
Bitcoinist
3w
380
Image Credit: Bitcoinist
Netherlands Proposes Crypto Tax Compliance To Align With EU Standards
- The Netherlands is proposing tax monitoring rules on cryptocurrencies to align with EU standards.
- The government aims to pass a new policy that requires crypto service providers to gather and share user data with the Dutch taxation agency.
- The proposed legislation aims to combat tax avoidance and evasion and improve cooperation among EU members.
- The public has been invited to provide feedback on the proposed tax monitoring law until November 21.
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