by Koinat | Jan 31, 2024 | Market News
Bitcoin is experiencing a positive trend in its price performance, attributed to a surge in stablecoin “buying power” and an increase in their supply. Glassnode’s on-chain analytics data reveals a continuous decline in the stablecoin supply...
by Koinat | Jan 30, 2024 | Market News
Coinbase, the largest crypto exchange in the United States, has implemented commission fees for net conversions from USD Coin to U.S. dollars exceeding $75 million in a 30-day period. Exceptions will be made for members of Coinbase Exchange Liquidity...
by Koinat | Jan 30, 2024 | Market News
The cryptocurrency market is on edge as the Federal Reserve prepares to announce its first interest rate decision of 2024. Amid indications from the CME suggesting a 96.9% likelihood of unchanged interest rates, uncertainty looms. The shadow of a potential 25...
by Koinat | Jan 30, 2024 | Market News
In a strategic move, Invesco and Galaxy Asset Management have reduced the fee for their spot Bitcoin exchange-traded fund (ETF) from 0.39% to 0.25%, as revealed in the joint announcement on Monday. This adjustment aligns the sponsor fee for the Invesco Galaxy...
by Koinat | Jan 29, 2024 | Market News
Chris Burniske, former crypto lead at Ark Invest under Cathie Wood and current partner at Placeholder, suggests that Bitcoin (BTC) may not have hit its local bottom yet. Anticipating a potential decline to the $30,000-$36,000 range, he even contemplates the...
by Koinat | Jan 29, 2024 | Market News, Technical Analysis
Bitcoin’s recent retracement to $38,000, accurately predicted by analyst Markus Thielen of 10x Research, has led him to identify levels above $43,000 as optimal for new bullish positions on the cryptocurrency. Thielen emphasizes that reversal indicators are...
