The bitcoin market has hit a phase of tranquility, where investor enthusiasm has cooled, and speculative activity has sharply decreased. According to a thorough report from Glassnode, this quiet spell might be setting the stage for an uptick in market volatility. Glassnode Analysis Shows Bitcoin Market Entering a Tranquil Phase Amid Decline in Speculative Activity […]
Grayscale CEO Sees GBTC Reaching Equilibrium, Expects Outflows to Ease
Crypto asset manager Grayscale Investments believes that GBTC “has started to reach a little bit of an equilibrium,” says CEO Michael Sonnenshein, noting that some anticipated outflows from the firm’s spot bitcoin exchange-traded fund (ETF) are “largely behind us.” The crypto asset manager also expects GBTC’s fees to come down “as markets mature.” Grayscale’s CEO […]
Ethereum Technical Analysis: Oscillators and Averages Signal a Tense Equilibrium
Ethereum’s journey through financial markets on March 18, 2024, showcases a complex landscape marked by its recent price movements and technical indicators. Amidst a volatile environment, ether is priced at $ 3,578 per unit, reflecting the intricate dance between buyers and sellers. Ethereum The 24-hour trading range for ethereum (ETH) oscillated between $ …
Bitcoin Technical Analysis: BTC Price Reflects Market Equilibrium and Consolidation
While precious metals such as gold and silver ascend and the stock market concludes its eighth consecutive week of gains, bitcoin steadies at $ 43,638 amidst a market teeming with intricate technical indicators. Bitcoin Bitcoin’s current price is situated within a 24-hour range of $ 43,412 to $ 44,243, reflecting short-term volatility. …