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Billionaire Mike Novogratz Predicts Bitcoin Will Explode by Over 2,800% – But There’s a Catch

Galaxy Digital founder and CEO Mike Novogratz is predicting a meteoric ascent for Bitcoin (BTC) that could push the value of the king crypto...

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​$250,000 for Bitcoin in 2023; Is the Crypto Winter Coming to an End?

Nov 18, 2022 at 13:00 // News A well-known venture capitalist and cryptocurrency enthusiast Tim Draper believes Bitcoin will reach...

Japanese Banking Giant’s Subsidiary To Launch Bitcoin, Crypto Trading In 2023: Report

Laser Digital, the recently-launched cryptocurrency subsidiary of Nomura, Japan’s largest brokerage and investment bank, plans to significantly increase its staff to boost its suite...

$9 Billion European Digital Bank N26 Enables Bitcoin Trading

N26, a $9 billion European digital bank, is launching bitcoin and cryptocurrency trading services, per a report from CNBC.N26 Crypto, the bank’s newly formed...

The New Crypto Platform BitAlpha AI Is Here to Set Higher Standards

Nowadays, crypto exchange trades, particularly Bitcoin trading, have grown in popularity. Bitcoin trading is the simple act of purchasing and selling crypto assets with...

Bitget Review 2022: Crypto Exchange with BIG Potential!

<!-- --> Those of us who have been kicking around the crypto space for more than a day know all about...

Bitcoin Profit Review in Europe

Bitcoin trading and investing is a popular method of making money around the world. Millions of people hold or trade digital coins with the...

Bitcoin Trading Volume Declines, Rally Losing Steam Already?

Data shows the Bitcoin trading volume has further declined recently, suggesting that the latest rally may be losing steam. Bitcoin Spot Trading Volume Continues To Decline This Week According to the latest weekly report from Arcane Research,  the BTC spot volume has observed further decline in the past week. The “trading volume” is an indicator that measures the total amount of Bitcoin being involved in spot trades on any given day. When the value of this indicator goes up, it means more coins are now changing hands. This trend shows that the network is becoming more active. Usually, high volumes make up for an ideal environment for pushing any big price moves. This is because for sustaining such movements, you require a large amount of traders involved in the market. Which is precisely what high values of the metric represent. Related Reading | Data: Bitcoin Long-Term Holder Supply Has Stagnated Since October High On the other hand, declining volumes imply that the Bitcoin network is turning inactive. Such a trend may be a sign of general disinterest in the crypto among investors at the moment. Now, here is a chart that shows the trend in the BTC Trading Volume over the past year: The indicator's value seems to have been declining recently | Source: Arcane Research's The Weekly Update - Week 11, 2022 As you can see in the above graph, the Bitcoin daily volume has been on the decline for a while now. Over the past seven days, this downtrend looks to have continued. The 7-day average spot volume is currently around just $4 billion. In the last week, the metric’s value has surged to $7 billion on only a single day. Related Reading | Bitcoin Bullish Signal: Exchange Reserve Loses Another 50k BTC Over Past Week Price activity usually revives the indicator as it attracts more traders. However, market activity has been rather declining recently, despite the value of Bitcoin observing some sharp upliftment over the past couple of days. A lack of traders means that it’s unlikely this rally would be able to march any further. Just like much of the recent trend, the coin’s price may start consolidating now instead of catching any real movement. BTC Price At the time of writing, Bitcoin’s price floats around $42.2k, up 5% in the last seven days. Over the past month, the crypto has accumulated 10% in gains. The below chart shows the trend in the price of the coin over the last five days. Looks like the price of BTC broke past the $43k mark yesterday | Source: BTCUSD on TradingView As the chart shows, it seems like the Bitcoin rally has already started losing steam, just like the trading volume had indicated. Featured image from Unsplash.com, charts from TradingView.com, Arcane Research

Senator Warren’s Bill Will Hurt Crypto, Not Russia (Opinion)

Hiding behind a nationalistic cause doesn’t make sanctioning validators any less reckless or any more effective.

SoftBank-Backed Broker Avenue Debuts Bitcoin Trading

Avenue Securities now allows its over 500,000 Brazilian customers to buy, sell, and hold bitcoin in an integration with a third-party trading platform.

Regulatory concerns taking a toll: Bitcoin, Ethereum investment funds record $120 million in outflows 

After seven consecutive weeks of inflows, crypto investment products recorded significant outflows last week, according to the latest report by institutional crypto fund manager CoinShares.

The post Regulatory concerns taking a toll: Bitcoin, Ethereum investment funds record $120 million in outflows  appeared first on CryptoSlate.

Revolut Executive Quits Company to Establish New Crypto Startup

The Chief Revenue Officer at Revolut is reportedly leaving the company to launch his own Web3 startup.

Bitcoin Falls Below $40,000 Trimming The Gains From US Crypto Order

On Thursday, the cryptocurrency market experienced another roller-coaster day, with some coins declining. One such example is Bitcoin which fell 5.9% to $39,432 when writing these words. The bitcoin market is still bearish, with prices dipping below $40,000 today. This comes after a slew of positive news about US President Joe Biden’s executive order that will likely focus more on the crypto sector. The crypto markets were not looking very promising today, with Bitcoin declining heavily and many other coins dropping as well. For example, Ether, the second-largest cryptocurrency, fell as much as 4.4% to $2,589.  Related Reading | TA: Ethereum Trims Gains, What Could Spark A Fresh Increase It’s still too early to tell if this will have any long-term effects on the industry, but the market has seen enough sell-offs already where people might want investments in other cryptocurrencies or even just gold until things calm down again. Bitcoin rose as much as 11% on Wednesday following an executive order from Biden that appears to frame digital assets in a positive light. However, those gains proved fleeting, and traders soon realized the news didn’t live up to their expectations. As a result, Bitcoin is once again trading near its average price over the recent two months ($39,000). The cryptocurrency markets were not immune to the bearish trend that has plagued US stocks over recent weeks. As a result, Bitcoin’s price took another leg lower, mirroring developments in traditional financial markets just as futures on both S&P 500 and Nasdaq 100 indexes turned negative sound the same time. This is not surprising, considering how closely correlated cryptocurrencies are with major indices like SP500 or NDX100. Related Reading | TA: Bitcoin Corrects Gains, Why Dips Could be Attractive In Short-term Bitcoin Performance Against Others It’s been a rough year for cryptocurrencies thus far, with Bitcoin outperforming Ethereum and falling 17.6% while NASDAQ has dropped 17.1%. However, in 5 days, BTC has continued its strong performance against Ethereum but underperformed against NASDAQ. On March 9th, Google searches for “Bitcoin” shot up dramatically, but in the last 24 hours, they’ve steadied and declined slightly. The trade volume, too, went down, resulting in a crash of BTC below $40,000 per coin. According to a recent survey, most people think that Bitcoin will be worth more than $60,000 by the end of 2022. However, there is a lot of fear right now surrounding Bitcoin crashes and the possibility of regulations. Only 5% of people surveyed by JPMorgan believe that BTC will be worth more than $100,000 by the end of 2022. Featured image from Pixabay, chart from Tradingview.com

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