Author: Umar Hashmi
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Despite short-term weakening on price charts, BTC’s long-term outlook appeared positive. BTC exchange deposits have shrunk to 2016 lows. CryptoQuant analyst deem this a signal for a major rally for BTC in the long run. Since the 19th of December, Bitcoin [BTC] has struggled below $100K, but the cryptocurrency’s long-term outlook remains positive. According to CryptoQuant analyst Axel Adler, the amount of BTC being moved to exchanges has dropped to 2016 levels. Adler added that the last time BTC deposits on exchanges dropped this low, a major rally followed. “It typically suggests they prefer to keep their BTC in personal wallets rather than gearing…
Last time such a swift, decisive uptick occurred was in December 2020 – January 2021, and also right until early 2022. Stablecoins are a vital component of crypto markets Trends in exchange reserves can give clues about market sentiment and wider price trends Stablecoins are essential to facilitating a seamless crypto experience. It is a hedge against volatility since it is pegged to fiat and maintains its value. Stablecoins provide liquidity to the markets and eases complex activities such as lending, borrowing, and smart contract deployment in DeFi. It is also one of the harbingers of a bull run. Rising…
Bitcoin’s exchange reserves rose while netflows turned positive. Bitcoin’s exchanges reserves saw an upswing with +20k BTC inflows Bitcoin’s netflow turned positive after weeks of decline Since hitting an all-time high of $108k on the charts, Bitcoin [BTC] has struggled to maintain any momentum on the charts. In fact, the crypto has traded sideways over the past 2 weeks. At the time of writing, Bitcoin was trading at $94,480 following losses of 2.01% over a 24-hour timeframe. Needless to say, the prevailing market conditions have left analysts talking about BTC’s price trajectory, with some of them even anticipating a potential crash. IT…
There’s one common theme from the biggest crypto crimes of 2024: bad actors being brought to justice for wrongs that happened years ago. Beyond the dizzying highs and crushing lows that crypto has seen over the past year, there’s been no shortage of crime. Bull markets tend to embolden opportunistic thieves, with Chainalysis data revealing stolen funds topped $2.2 billion over the past 12 months. Here, you’ll find a rundown of the crypto crimes that grabbed headlines in 2024. A common theme? Justice for wrongs that happened years earlier. Courtesy: Tiffany Fong 1. Sam Bankman-Fried Sentenced We begin with one of the biggest crypto crimes on…