Unprecedented Transfer: 30,000 Bitcoins Moved to Cold Storage in Just One Week
Unprecedented Move: 30,000 Bitcoins Transferred to Cold Storage in Just One Week 30,000 Bitcoins moved to cold storage in the past week. Activity suggests potential preparation for market changes. Move could indica ...
U.S. Investors Look to Hedge Bitcoin Risk Amid Default Concerns
A roughly 10% of U.S. investors have expressed their intention to hedge their bitcoin risk amid fears of an all-American default, Bloomberg writes. About 8% of professional investors surveyed and 11% of retail investors said they would be more willing to buy bitcoins than a ...
CEO of Circle Blames Banking Crisis and Regulatory Issues for USDC Market Capitalization Decline
According to the CEO of Circle, the decline in USDC's market capitalization can be attributed to the banking crisis and regulatory issues in the US crypto industry. Currently, USDC is the second largest stablecoin by market capitalization, with Tether (USDT) taking the top spot. In the summer ...
Bitcoin Onchain Metrics Signal Potential Rebound Despite Investor Confidence at Monthly Low
In April, bitcoin (BTC) recovered above $30 000 for the first time in 10 months, but has already rolled back 10%. However, a number of onchain metrics are giving bullish signals. This could bode well for a quick turnaroun Bitcoin (BTC) lost 10% in the last week, but onchain indicators suggest tha ...
Circle Reduces USDC Stablecoin Supply by $2.1 Billion
Circle, the issuer of the USDC stablecoin, has announced a reduction in the number of USDC in circulation. In the past week, Circle issued 500 million USDC while withdrawing 2.6 billion USDC from circulation, resulting in a $2.1 billion reduction in supply. As of March 17, there were still $34 ...