2021-1-28 05:34 |
Guggenheim CIO Scott Minerd has made another bearish prediction for short term Bitcoin prices.
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CryptoQuant data shows whale BTC inflows to Binance plunged from $8 billion in late November to about $2.74 billion today, signaling a sharp drop in selling.
CryptoQuant identifies the increasing institutional demand in Bitcoin accumulation, even with the current price decline. The post Bitcoin Institutional Demand Very Strong Despite Price Crash: CryptoQuant appeared first on Coinspeaker.
The cryptocurrency market has continued its poor start to the week as Bitcoin has dropped below the $91k level. The leading cryptocurrency is down 1. 6% in the last 24 hours and is now trading at $90,940.
A Bitcoin wallet that had remained inactive for more than 13 years moved 909. 38 BTC, worth about $84. 6 million, on Monday, according to on-chain data, drawing renewed attention to long-dormant holdings as the market shows tentative signs of stabilization.
Bitcoin is holding above $92,000, but spot ETF outflows and rising geopolitical tensions threaten to weaken the resistance. Will traders pile into the dip?
Approved with 99.89% support, the proposal updates issuance and buyback parameters that govern how INJ is removed from circulation over time.
The partnership builds upon previous work Bermuda’s government has done to attract crypto companies, including the passage of a comprehensive regulatory framework in 2018.