ICYMI: institutional traders are no longer selling their holdings actively but buying relatively large volumes of spot $BTC BTC Bitcoin Coinbase
The main reason behind the spike in the discount was tied to Bitcoin's massive plunge on the market, which resulted in a 40% devaluation of the digital gold.
But according to the same index now, institutional traders are no longer selling their holdings actively but buying relatively large volumes of spot BTC, which pushed the index into the premium zone. It was the first time the indicator turned positive since April 2022 when the cryptocurrency market sell-off started.The index would be one of many indicators that are showing a potentially upcoming bounce on the cryptocurrency market.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Deutsche Bank: Crypto Freefall Could Continue Because of the System’s ComplexityAs bitcoin and other cryptocurrencies are speculative, high-risk assets, they are disproportionately affected by central bank tightening, the bank said.
Baca lebih lajut »
Virgin Islands court orders liquidation of crypto hedge fund Three Arrows CapitalThe turmoil that is now affecting the cryptocurrency market was brought further to light when a court in the British... Continue reading
Baca lebih lajut »
$BTC: El Salvador Gleefully Buys 500 More BitcoinsOn Thursday (January 30), the president of El Salvador, which is the first country in the world to give Bitcoin legal tender status, disclosed his country’s latest BTC purchase. As you may know, on 5 June 2021, Zap Solutions (a Bitcoin payments startup that uses the Lightning Network) Founder...
Baca lebih lajut »
MicroStrategy Grabs Another 480 Bitcoins, Now Holding 129,699 BTC⬆ +15 MicroStrategy Grabs Another 480 Bitcoins, Now Holding 129,699 BTC $BTC bitcoin cryptocurrency
Baca lebih lajut »
Why The SEC Will Reject Grayscale’s Bitcoin Linked Spot ETFThe U.S. Securities and Exchange Commission (SEC) will announce its decision on the Bitcoin-linked spot Exchanged Traded Funds (ETFs) proposals filed by investment giants Bitwise and Grayscale. The Commission is expected to make this announcement on the former by July 1st and on the latter by...
Baca lebih lajut »
Coinbase reportedly selling user geo-location data to U.S. immigration agencyCryptocurrency exchange Coinbase apparently will be providing the United States Immigration and Customs Enforcement agency (ICE) with data about cryptocurrency... Continue reading
Baca lebih lajut »