Off-chain markets now dominate bitcoin trading and price discovery, with derivatives leading the charge, the analysts said.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Risks of liquidation or collapse are real but far more nuanced than during past crypto crises, according to Presto Research.
U.S. spot Bitcoin ETFs' recent net inflow streak has extended to eight days, totaling $2.4 billion, despite relatively subdued price action.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Meanwhile, K33 launched a new share issuance plan to raise funds toward its 1,000 BTC treasury accumulation target.
Investors are starting to question the default status of the fiat money system, according to Bitwise CIO Matt Hougan.
Following its most recent bitcoin purchases last week, Strategy (ticker MSTR) now holds a total of 592,100 BTC.
Despite the positive ETF flows, analysts remain cautious amid the latest price dip as geopolitical tensions continue.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Bitcoin-based funds rebounded with $1.3 billion in net inflows, while Ethereum products continued their strongest run since February.
Cantor analysts reiterated an "overweight" rating on Coinbase stock and raised their 12-month price target from $253 to $292.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Meanwhile, U.S. regulatory momentum is building, with stablecoin legislation advancing and a market structure bill in the works.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
These strategies distort liquidity and sentiment, posing long-term risks to bitcoin's stability and adoption, the digital asset bank said.
With macro jitters rising ahead of today's CPI data, that caution might be the setup for the next breakout, according to K33.
Circle's IPO highlights the value of holding both crypto assets and crypto-related equities, according to Bitwise CIO Matt Hougan.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Mainstream interest is broadening beyond Bitcoin's "store of value" use case toward blockchain-based financial innovation, the analysts said.
Ethereum-based funds led for the second week in a row, while the usually dominant global Bitcoin investment products saw further net outflows.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Bitcoin could climb to $125,000 in June if a soft U.S. jobs report fuels expectations of early Fed rate cuts, according to Bitfinex analysts.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Rather than adding bitcoin in isolation, investors should consider it in the context of their entire risk budget, Hougan said.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
K33 also announced an initial purchase of 10 BTC ($1 million) on Tuesday after raising $6.2 million to launch its bitcoin treasury strategy.