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According to him, if the U.S. Federal Reserve continues to raise interest rates, half of Coinbase’s revenue could be made up of the exchange’s subscription services, which are tied to a partnership with stablecoin issuer Circle. In addition, the “many positives” that have yet to be priced into the exchange’s
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Current market conditions hinder bullish market movements even for Bitcoin, which is arguably the king of cryptocurrencies. Recently, a crypto analyst named nino released an analysis showing that long-term Bitcoin positions are being liquidated. As this develops, experts in the cryptocurrency market have warned that the U.S. Federal Reserve’s efforts to
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On-chain data shows Bitcoin long-term holders are dumping their coins as BTC plummets below the $17,000 level. Bitcoin Long-Term Holder SOPR Spikes Today As pointed out by an analyst in a CryptoQuant post, some BTC long-term holders seem to have taken profits in the past day. The relevant indicator here is the
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Having taken a prolonged beating, Tesla stock stokes fresh concern as Goldman cuts price target and Twitter worries alienate investors.Tesla Inc (NASDAQ: TSLA) stock recently fell after Goldman Sachs cut its price target from $305 to $235. However, the banking giant maintained its Buy rating on the electric vehicle maker’s stock due to
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Place/Date: - December 12th, 2022 at 4:09 pm UTC · 3 min read Source: Dogeliens Photo: DogeliensThis year will undoubtedly be remembered as one of the worst in crypto history, and much of it would be due to the ongoing bear market.
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BTC Conviction is at an all-time high as long-term investors keep adding to their BTC stack unfazed by the recent news and fallouts according to data from Glassnode.Crypto has been declared dead quite a few times as Fear and Uncertainty is at highs in the crypto industry. Although low conviction
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A recent survey sponsored by the Nasdaq-listed crypto exchange Coinbase shows that institutional investors increased their allocations during the crypto winter. The firm emphasized that there is “a strong signal of the acceptance of crypto as an asset class” and “the price outlook over the long term remains positive.” Coinbase’s Institutional
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EY’s global blockchain leader says that for the first time ever, crypto’s price swings do not have that big of an impact on the long-term growth of the industry. Nonetheless, he stressed: “It is also important that regulators crack down on obvious Ponzi schemes faster and with more severity.” EY’s Brody
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On-chain data shows Bitcoin long-term holders have ramped up their selling recently, something that could lead to further plunge in the crypto’s price. Bitcoin Exchange Inflow CDD Has Spiked Up Over The Last Day As pointed out by an analyst in a CryptoQuant post, the current rise in the CDD is the
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The Bitcoin and crypto market is still wallowing in turmoil from the collapse of the FTX exchange. Many crypto assets have followed a correlation with the decline of FTX Token, FTT. As a result, the past few days brought an intense bearish pull on the prices of virtual assets. With the
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