In recent times, bitcoin has consistently remained above the $ 60,000 mark throughout the entire month of March. With its value soaring, many long-standing holders have started to transfer substantial quantities of dormant bitcoins from wallets that have not seen activity for years. March has emerged as a pivotal month for transactions involving these …
Bitcoin Futures Market Attracts Unprecedented Open Interest as Derivatives Appetite Grows
The latest bitcoin derivatives data indicates a continued climb in bitcoin futures open interest, hitting all-time peaks. Over the last day, statistics reveal an open interest of $ 32.30 billion across fourteen distinct bitcoin futures markets. Soaring Open Interest in BTC Futures Signals Growing Derivatives Market Friday, March 8, 2024, marked a notable day …
The March Revival — Unprecedented Movement of Early Bitcoin Hoards Move for the First Time in Years
As bitcoin’s value teeters on the brink of setting new price records, a significant batch of vintage bitcoins dating back from 2010 to 2017 has been transferred for the first time since their initial creation. Present data reveals that in the opening week of March 2024, a total of 4,237.73 ancient bitcoins, valued at over […]
Bitcoin Halving 2024 — Grayscale Study Reveals Unprecedented Market Evolution
According to the latest data, the countdown to the Bitcoin network’s halving event shows fewer than 10,000 blocks from becoming a reality. Further analysis suggests that the halving is anticipated to take place between April 19 and April 21, 2024, reducing the block rewards from the existing rate of 6.25 bitcoins per block to 3.125 […]
Black Swan Looms in 2024, Expert Warns of Unprecedented Economic Upheaval and US Election Disruption
The economic forecast for 2024 has undergone significant shifts, with lawmakers and the U.S. Federal Reserve anticipating a “soft landing” for the year. The prevailing belief is that while the economy will decelerate in 2024, the slowdown will be relatively mild. Nonetheless, financier and business magnate Gary Cardone predicts an impending black swan event in […]