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Peter Schiff Predicts Further Bitcoin Plunge Ahead of Mt Gox Payouts — Declares BTC in Official Bear Market

Economist and gold advocate Peter Schiff has highlighted bitcoin’s recent decline, declaring the cryptocurrency “back in official bear market territory.” He predicts further bitcoin price decline before Mt. Gox creditors…

Continue ReadingPeter Schiff Predicts Further Bitcoin Plunge Ahead of Mt Gox Payouts — Declares BTC in Official Bear Market

Analysis of Long-Term ‘Diamond Hand’ Bitcoin Holders Reveals Market Insights: Glassnode 

Recent data from Glassnode provides a detailed analysis of bitcoin’s long-term holders (LTH) and their impact on the cryptocurrency market. In the latest onchain report, researchers highlight key metrics and…

Continue ReadingAnalysis of Long-Term ‘Diamond Hand’ Bitcoin Holders Reveals Market Insights: Glassnode 

From $3 Billion to $2.83 Billion: German Government Transfers Another Cache of Bitcoin

According to data from Arkham Intelligence, since Jun. 23, 2024, the German government has moved 820 BTC, valued at slightly above $50 million. A substantial portion of these funds was…

Continue ReadingFrom $3 Billion to $2.83 Billion: German Government Transfers Another Cache of Bitcoin

Crypto Fear & Greed Index Sees Largest Single-Day Decline in Years, Hits 18-Month Low

The Crypto Fear and Greed Index, which measures market sentiment for Bitcoin and the broader cryptocurrency industry, has tanked to its lowest score in nearly 18 months. This development follows…

Continue ReadingCrypto Fear & Greed Index Sees Largest Single-Day Decline in Years, Hits 18-Month Low

Galaxy Digital’s Alex Thorn: Mt Gox Bitcoin Distributions Unlikely to Disrupt Market

After a decade-long wait, creditors of the defunct Mt Gox exchange are set to receive in-kind distributions of bitcoin and bitcoin cash starting in July. The head of research from…

Continue ReadingGalaxy Digital’s Alex Thorn: Mt Gox Bitcoin Distributions Unlikely to Disrupt Market