The market has since made back some of those losses, gaining an extra $139 billion, with the global crypto market cap sitting at around $1.87 trillion.

As another week comes to a close in this eventful macroeconomic climate, let’s take…

The post Could this on-chain metric catapult Ethereum’s price? appeared first on Coin Journal.

The crypto markets were higher this morning, with the majority of the top 10…

The post Highlights March 17: Cryptos in the green, Wall Street higher despite rate hikes appeared first on Coin Journal.

Bitcoin and equities rallied late in the session, suggesting rate hikes may be mostly priced in and may not push markets down in the future

The post Market Wrap: BTC, Stocks Rally in Late Session Following Fed’s Rate Increase appeared first on Blockworks.

Crypto markets took the Fed hike well in stride, with BTC and ETH posting modest gains.

Despite the four-month bearish price action, institutions continue to pile drive bitcoin, which might have scared away retail leverage traders. This is because institutions are focusing on longer-term horizons and see the potential for big profits in BTC’s growth over time. The recent large outflow of coins from the U.S.-based crypto exchange Coinbase is evident, according to blockchain analytics firm Glassnode. Related Reading | 82% Of Bitcoin Short-Term Holder Supply Now In Loss, Capitulation Ahead? The recent highly volatile markets have sent bitcoin prices tumbling, with a total of 31,130 bitcoin leaving Coinbase last week. This is the highest single-week outflow since 2017, data tracked by Glassnode. In a weekly newsletter published Monday, Glassnode said;  Large outflows like this one are actually part of a consistent trend in the Coinbase balance, which has been stair-stepping downwards over the last two years. As the largest exchange by BTC balance, and a preferred venue for U.S.-based institutions, this further supports the adoption of bitcoin as a macro asset by larger institutions. The crypto markets have experienced drought over the past week. The Nasdaq-listed exchange’s holding in bitcoin has dropped a four-year low of 649,500 BTC for just the second time since 2018. In addition, the amount of bitcoins held by all centralized exchanges has decreased to 2,519,403 BTC, the lowest number since November 2018. Withdrawal Bitcoins Moved To Inactive Wallets The Coinbase withdrawal may be driving up the price of Bitcoin. The declining exchange balance means fewer coins are available for liquidations on exchanges, which could lead to an increase in demand and push prices higher still – especially since those withdrawals have moved into largely inactive wallets. Additionally, Glassnode said; If we look at the Illiquid Supply Shock Ratio (ISSR), we can see a significant uptick this week. Suggesting that these withdrawn coins have been moved into a wallet with little-to-no history of spending. The ISSR is on an upwards trend, suggesting that these withdrawn coins transferred into a wallet with little-to-no history of spending. Related Reading | Bitcoin Detractor Peter Schiff Lays On What Will Trigger Bitcoin Recovery The current amount of supply held in Illiquid wallets is 3.2x larger than Liquid and Highly-Liquid combined. Meaning that many coins are still trapped there despite the recent bear market conditions. A similar metric to what we saw during the 2018 – 2020’s bear market. Major cryptocurrencies registered mostly small losses on Monday. As the European Parliament’s Committee on Economic and Monetary Affairs voted down a bill. That bill could have outlawed proof-of-work in EU territory. The markets were volatile yesterday as investors waited to hear what the Federal Reserve would do with today’s policy meeting. The NASDAQ100 fell 2%, while SPX500 Index dropped 0.75%. DJ30 closed flat following these declines in stock prices.  The crypto market experienced a mild correction, with Ethereum, BNB, Solana, and XRP losing 2%. Bitcoin also fell slightly 1.6% in value and trading under $40,000 at the time of writing. Featured image from Flickr, chart from Tradingview.com  

A widely followed crypto strategist says that Ethereum (ETH) competitor Terra (LUNA) is poised to hit new all-time highs despite general sideways action across the crypto markets. Pseudonymous trader Kaleo tells his 473,900 Twitter followers that decentralized finance (DeFi) payment network Terra (LUNA) could soar by at least 70% if it manages to surpass its […]

The post Analyst Says One Ethereum Rival May Soon Witness Meteoric Rally, Far Outperforming Bitcoin and Crypto Markets appeared first on The Daily Hodl.

A popular crypto analyst is taking a macro look at Bitcoin (BTC) to get a clearer picture of where the leading crypto asset is heading after several months of volatility. In a new strategy session, Benjamin Cowen first tells his 719,000 YouTube subscribers that regardless of short-term price fluctuations, Bitcoin and the crypto space, in […]

The post Analyst Benjamin Cowen Says Bitcoin and Crypto Markets Primed To Rally Higher Despite Short-Term Volatility appeared first on The Daily Hodl.

The EU bill to regulate crypto removed language that would have effectively banned mining, sending crypto markets up, while equities fell amid tensions with Russia

The post Market Wrap: Crypto Rises as European Mining Ban Falls Through appeared first on Blockworks.

The latest draft of the controversial MiCA report still contains language that could stop crypto service providers from transacting in proof of work coins.

The post Today’s EU MiCA vote could ban exchanges from listing proof of work crypto assets appeared first on CryptoSlate.

An under-the-radar altcoin is surging as Bitcoin and most of the crypto markets move sideways. The smart contract blockchain platform Waves (WAVES) is trading at $25.27 at time of writing, up more than 37% from where it was priced one week ago. Zooming out, the 51st-ranked crypto asset by market cap is up more than […]

The post Smart Contract Altcoin Surges 117% in Just One Month, Outshining Bitcoin and Crypto Market appeared first on The Daily Hodl.

Ethereum was once again trading close to its support of $2,550 on Saturday, as crypto markets continue to consolidate. Following strong gains on Tuesday, BTC and ETH have both mainly traded sideways, as price uncertainty grips markets. Bitcoin Bitcoin is down just over 1% as of writing, as the world’s largest cryptocurrency continued to trade…

The post Bitcoin, Ethereum Technical Analysis: ETH Remains Close to Support of $2,550 to Start the Weekend appeared first on Bitcoin News Miner.