Miners Are Sending Bitcoins to Exchanges Again – And That May Be Bearish

Miners Are Sending Bitcoins to Exchanges Again – And That May Be Bearish

Bitcoin outflows from miner wallets have spiked, with the majority of coins finding their way onto cryptocurrency exchanges. The net flow of coins into or out of miner addresses fell to -2,935 BTC on Tuesday to hit the lowest level since June 2019, according to data source Glassnode. To put it another way, miner wallets witnessed the […]

Fidelity Says a Third of Big Institutions Own Crypto Assets

Fidelity Says a Third of Big Institutions Own Crypto Assets

About a third of large institutional investors own digital assets such as Bitcoin, according to a survey from Fidelity Investments. Across the U.S. and Europe, 36% of the survey’s 774 respondents said they own cryptocurrencies or derivatives. In the U.S., 27% of institutions — including pension funds, family offices, investment advisers and digital and traditional […]

Ethereum Has Become Bitcoin’s Top Off-Chain Destination

Ethereum Has Become Bitcoin’s Top Off-Chain Destination

Since 2016, software engineers have worked to extend the oldest and largest cryptocurrency’s use cases through a variety of companion protocols, like the Lightning Network for payments or the Liquid Network for trading. But to date, the most popular off-chain protocols that use bitcoin (the currency, with a small “b”) run on the largest rival to Bitcoin (the […]

Ether Leads Bitcoin on Price as Investors Prepare for Staking Arrival

Ether Leads Bitcoin on Price as Investors Prepare for Staking Arrival

Bitcoin, the top cryptocurrency by market value, rose by over 8% last week and ended May with a 9.5% gain. That came after bitcoin jumped by nearly 35% in April, according to CoinDesk’s Bitcoin Price Index. Meanwhile, ether’s price rose by 16% last week and 12% for the month of May. Growth in ether’s non-price metrics, too, has […]

First Mover: Chainlink ‘Marines’ Are HODLing and Here’s Why You Should Care

First Mover: Chainlink ‘Marines’ Are HODLing and Here’s Why You Should Care

Diving deeper into the realm of the more than 5,000 cryptocurrencies in existence, things get even more speculative – with traders often jumping on fast-moving and thinly traded tokens for a quick profit and then quickly moving on to the next hot trade. That’s why it’s so notable that holders of one token, Chainlink (LINK), appear to […]

Coinbase Says That 60% of Its Bitcoin Buyers Go Into Altcoins

Coinbase Says That 60% of Its Bitcoin Buyers Go Into Altcoins

Major cryptoasset exchange Coinbase claims that although most of its users initially favor bitcoin (BTC), the vast majority also go on to trade altcoins and other digital assets. In a blog post, the platform claimed, “Among customers with at least five purchases, 60% start with bitcoin but just 24% stick exclusively to BTC.” It means that 60% of BTC […]