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Greed, irrationality and anxiety have contributed to chaos in the crypto market. Investors should work on self-improvement if they want the industry to succeed. In 2021, it seemed as if 10 new Disneys — and the next 20 Picassos — were emerging from blockchain and various nonfungible token (NFT) collections. Exorbitant NFT values that year signaled strong belief in many projects. But two years later, those “next Disneys” have delivered little. The situation has created significant market frustration and disillusionment among investors and enthusiasts alike. Project failures are often attributed to founders. Yet, the greed, anxiety, and irrationality prevalent among Web3 participants have also played a substantial role in the ecosystem. Related: 3 theses that will drive Ethereum and Bitcoin in the next bull market We’re in a complex environment where even the most skilled and visionary founders find it challenging to navigate the market dynamics. This often leaves a trail of unfinished...

BTC price action has yet to match one Bitcoin trader's long-term target, but "patience is key," he says nearly one year later. Bitcoin (BTC) is nearing a key Fibonacci retracement level which could mark the top of its “pre- halving rally.” That is according to popular social media trader Titan of Crypto, who on Nov. 19 reiterated a pre- halving BTC price target of up to $50,000. Trader: $39,000 is pre-halving BTC price target range floor Bitcoin faces stiff resistance sliding back to the $40,000 mark; several attempts to crack it have failed in the past week. As Cointelegraph reported, the area immediately below also holds significance for aggregate market profitability, with $39,000 likely a breakeven point for those who bought in during the 2021 bull market. Titan of Crypto has also flagged $39,000 as an important boundary — this time, however, as the bottom of where BTC/USD should end up prior to the April 2024 block subsidy halving event. “The pre halving rally I...

Bitcoin holds higher BTC price levels into what looks to be a crunch week for crypto markets across the board. Bitcoin (BTC) starts a new week at comfortable highs as traders square off over BTC price action to come. As macroeconomic uncertainty continues to grow, Bitcoin is cementing its new trading zone above $30,000. The highest weekly close since early May 2022 is the latest achievement for bulls, and so far, bid support has allowed the market to avoid a deep retracement after last week’s snap 15% gains. How could the environment change for BTC/USD this week? As Bitcoin heads into the October monthly close, would-be volatility catalysts are brewing — not least thanks to the increasing geopolitical instability in the Middle East. Adding to the hurdles for risk assets to overcome is the United States Federal Reserve, which will decide on interest rate adjustments on Nov. 1. Under the hood, Bitcoin is looking better than ever, and the numbers prove it — network fundamentals are eithe...

BTC price gets a fresh boost from market calm over Fed interest rate policy, as Bitcoin traders eye further gains. Bitcoin (BTC) headed higher into the Sep. 14 Wall Street open despite fresh macro data showing resurgent United States inflation . BTC/USD 1-hour chart. Source: TradingView Bitcoin gains while U.S. PPI beats forecast Data from Cointelegraph Markets Pro and TradingView followed BTC price action as it made new September highs, topping out at $26,762. Bitcoin built on strength seen after the previous daily close, ignoring the implications of the U.S. inflation rebound as confirmed by both the Consumer Price Index (CPI) and Producer Price Index (PPI) August prints. The latter came in at 1.6% year-on-year against market expectations of 1.3%. Crypto nonetheless joined traditional markets in rejecting the idea that U.S. macro policy might stay more restrictive for longer in order to tame inflation . According to CME Group’s FedWatch Tool, there was practically no consensus over ...

Bitcoin sentiment is the worst one analyst has ever seen as BTC price action holds its own into Thanksgiving. Bitcoin (BTC) lingered near $16,500 at the Nov. 23 Wall Street open as United States markets awaited Thanksgiving cues. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Grayscale, GBTC still dominate crypto mood Data from Cointelegraph Markets Pro and TradingView showed BTC/USD shunning volatility after fresh two-year lows the day prior. The pair left analysts guessing the day before U.S. markets closed for the Thanksgiving holiday, with crypto commentators still focused on Digital Currency Group (DCG). Potential liquidity problems with DCG-owned Genesis Trading continued to agitate those already expecting further losses across Bitcoin and altcoins. As Cointelegraph reported, concerns had already spread to doubt the future of the Grayscale Bitcoin Trust (GBTC), the largest Bitcoin institutional investment vehicle with assets under management worth over $10 billion. ...

BTC price weakness continues into Wall Street trading, and Bitcoin has yet to rival seller capitulation from earlier this year. Bitcoin (BTC) stayed near two-month lows at the Aug. 18 Wall Street open as markets came to terms with extreme liquidations. "Drying liquidity" costs BTC price key support Data from Cointelegraph Markets Pro and TradingView showed BTC price action tracking sideways after a single daily candle spawned 8% losses. The largest cryptocurrency saw a cascade of liquidations across derivatives markets, with these accounting for an “outsized” majority amid relatively slack spot selling. “In Deribit it is likely that a large account got wiped, considering the immense short liquidation that occured together,” trading firm QCP Capital wrote in a market update sent to Telegram channel subscribers on the day. Bitcoin liquidations composite chart. Source: QCP Capital QCP, like others, noted that the market reaction to the alleged trigger — a write-down of SpaceX’...

Bitcoin-related funds saw outflows of $13 million over the past week, reversing five weeks of bullish inflows, according to Coinshares analyst James Butterfill. Bitcoin-related invest ment products appear to have lost some of their sheen among crypto invest ors, recording its first week of outflows since Blackrock filed for spot Bitcoin ETF in June. According to a July 24 report by CoinShares’ head of research, James Butterfill, Bitcoin (BTC) investment products saw outflows of $13 million for the week ending July 21, reversing five weeks of inflows. Short Bitcoin products also saw outflows of $5.5 million in the week. Bitcoin Fear and Greed Index is 50 ~ Neutral Current price: $29,178 pic.twitter.com/T1DMFpsX9p — Bitcoin Fear and Greed Index (@BitcoinFear) July 25, 2023 In contrast, Ethereum (ETH) and XRP (XRP) invest ment products recorded combined inflow of $9.2 million over the last week. Butterfill noted that Ethereum invest ment products were the best performer last week...

The Ethereum network has faced withdrawals from its smart contract applications, putting the recent ETH price rally in check. Ether (ETH) price faced resistance after hitting the $1,970 level on July 3. A number of factors capped the rally, including higher odds of more interest rate hikes in the coming months and a tighter regulatory cryptocurrency environment. Macro headwinds from the Fed Besides the external factors, the Ethereum network has faced withdrawals from its smart contract applications, which also put the June rally in check. Investors now question whether the tailwinds from Bitcoin’s (BTC) ETF requests have faded, opening room for a correction down to the $1,700 level last seen on June 16. The recent macroeconomic events may provide some hints, including the, U.S. Gross Domestic Product grew by an annualized 2% in the first quarter, Germany’s Consumer Price Index increased 6.8% in June versus the previous year, and The China Caixin global services purchasing managers’ i...

CoinShares, a digital asset management firm, has reported a significant influx of institutional capital into the crypto markets, indicating a positive shift in investor sentiment. This information comes from CoinShares’ most recent Digital Asset Fund Flows Weekly Report. According to the report , the crypto market s have seen the highest inflows for 2023, following BlackRock’s application for a bitcoin exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). You might also like: BlackRock nears bitcoin ETF filing, partnering with Coinbase custody The week witnessed the most significant weekly inflows since July 2022, amounting to $199 million. This influx corrected nearly half of the outflows observed over the previous nine consecutive weeks. The report further stated that exchange-traded product (ETP) trading volumes were 170% of the average for the current year, totaling $2.5 billion for the week. CoinShares attributes this renewed o...

BTC’s price could be on the verge of a bullish breakout, according to derivatives data, but ultimately the macroeconomic scenario will dictate the trend. Bitcoin’s  price has stabilized near $27,000 since May 13, displaying reduced volatility in the period. This movement is eerily similar to early April, when Bitcoin’s (BTC) 12-hour chart ranged between $27,800 and $28,700 for 11 days. Traders are now questioning whether a bullish breakout is the next possible outcome for the Bitcoin price . Bitcoin/USD price index, 12-hour. Source: TradingView According to technical Analysis , the sideways movement illustrates an ongoing conflict, meaning traders are unsure about the direction of Bitcoin’s next price trend. This is a consequence of balanced demand between buyers and sellers, which typically precedes periods of extreme price volatility and is triggered by big events. In other words, Bitcoin traders are waiting for a potential market trigger that could decisively push the BTC price...

A fresh report from Glassnode suggests that Bitcoin has built a solid foundation below the $30,000 level. Glassnode's latest analysis suggests that Bitcoin has built a strong foundation below the $30,000 level, and the current supply structure shows similarities to early 2016 and early 2019. The report shows that the Long-Term Holder (LTH) supply is just shy of a new all-time high with a total supply balance of 14.161 million BTC. In contrast, short-term holders (STH), who acquired coins after FTX failed, have seen their supply balance of 2.914 million BTC remain relatively constant in 2023. Long-term holders are unfazed despite major downturns By April 12, 155 days had passed since the FTX exchange collapsed on Nov. 8, 2022. The 155-day mark is crucial because it is the minimum length of time that a Bitcoin holder must have held their coins to be classified as a long-term holder (LTH). Thus, the supply distribution can be divided into two halves, first, before FTX’s collapse to r...

An unprecedented number of BTC margin longs recently closed at Bitfinex, leaving analysts searching for explanations. Since May 2022, the Bitcoin (BTC) margin markets on the Bitfinex exchange have been plagued by an unusually high open interest of over $2.7 billion. This information alone should raise a red flag, especially in light of Bitcoin's price decline from $39,000 to less than $25,000 during the same period. Traders seeking to leverage their cryptocurrency position had borrowed over 105,000 Bitcoin. Currently, the cause of this anomaly is unknown, as well as the number of entities involved in the trade. Cheap borrowing favors high demand Bitfinex's sub-0.1% annual rate may be a contributing factor to the size of the Bitcoin lending market. To date, this has been the norm and it creates enormous incentives for borrowing, even if there is no current need. There are few traders who would turn down such a ridiculously inexpensive leverage opportunity. Margin borrowing can...

The total crypto market cap has stalled at the $1.2 trillion level, but derivatives data shows bulls are preparing for the next breakout. After gaining 11% between March 16 and March 18, the total crypto market capitalization has been battling resistance at the $1.2 trillion level. This same level was reached on August 14, 2022 and was followed by a 19.7% decline to $960 billion over the next two weeks. During the lateralization period between March 20 and March 27, Bitcoin (BTC) gained 0.3%, while Ether (ETH) posted modest gains of 1.6%. Total crypto market cap in USD, 12-hour. Source: TradingView One source of favorable short-term momentum is a change in the Federal Reserve’s monetary policy The U.S. Federal Reserve was forced to increase its balance sheet by $393 billion between March 9 and March 23 in order to provide short-term loans to failing banks. The objective of the plan was to reduce inflation, which has significantly impacted the cost of living and ultimately hampered ec...

Arbitrum’s upcoming ARB token has everyone excited about the next potential airdrop, and it looks like there’s more to come. Arbitrum developers announced an Airdrop of its governance token , ARB, to eligible users and DAOs on the Ethereum Layer-2 platform. An average user received around 625 ARB token s, which corresponds to around $625 to $1,250, according to pre-launch trading prices and popular estimations. The prospect of earning free money has instilled excitement around users looking to hunt the next airdrop opportunity. The airdrop farming activity also benefits the protocols by attracting liquidity and usage to the platform. The strategy is working well for both protocol developers and users. Moreover, the team's sale of a protocol’s token invokes securities laws, inducing significant legal risk for the developing teams. Thus, it is reasonable to assume that future protocols will use the same strategy to decentralize their protocols. Here are five potential airdrop opport...

Binance assured its users that this change will not impact them in any way, and that their funds will continue to be held in publicly verifiable addresses. Cryptocurrency exchange Binance announced on March 17 that it has replaced BUSD holdings in the Secure Asset Fund for Users (SAFU) with TrueUSD (TUSD) and Tether (USDT). The move comes in response to Paxos' recent decision to stop minting new Binance USD (BUSD), leading to a decrease in BUSD's market capitalization over time.  As Paxos will no longer be minting new BUSD, #Binance has swapped the BUSD in the SAFU Fund for TUSD & USDT. This change will have no impact on users, and the funds remain on publicly verifiable addresses. Funds are SAFU.https://t.co/edLVgpdCUQ — Binance (@binance) March 17, 2023 The Secure Asset Fund for Users (SAFU) is an emergency insurance fund that was established by Binance in July 2018 to protect users' funds in case of security breaches or other unforeseen events. Binance committed ...

BTC margin and options markets are steady, even as investors run for cover as crypto and stock prices fall. Bitcoin (BTC) traders saw continued downward pressure after the 5.5% decline in BTC price on March 7. Increased odds of further interest rate increases by the Federal Reserve and regulatory pressure in cryptocurrencies explain some of the movement. Financial markets showed signs of stress as the inverted bond curve reached its highest level since the 1980s. Longer-term dated yields have stalled at 4%, while two-year treasury notes traded above 5% yield in March. Since July, longer-dated treasury yields have failed to keep pace with the surging two-year benchmark, resulting in the inverted curve distortion that typically precedes economic downturns. According to Bloomberg, the indicator reached a full percentage point on March 7, the highest level since 1981, when Fed Chair Paul Volcker faced double-digit inflation. This week, BlackRock, the world's largest asset manager, in...