MetaMask will expand from Ethereum Virtual Machine chains for the first time in May when it will add support for Solana, while Bitcoin will also be integrated in the third quarter. Crypto self-custodial wallet MetaMask is set to expand support to the Bitcoin and Solana networks and eventually remove gas fees as part of a…
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Assure DeFi CEO and crypto analyst Chapo predicts Market-Value-to-Realized-Value will peak around 3.2 this cycle, signaling the market top. Bitcoin’s Market-Value-to-Realized-Value (MVRV), an indicator that measures whether the asset is overvalued or not, shows that the cryptocurrency still has room to peak this cycle, according to a crypto analyst. “I predict a peak MVRV this…
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The Index, which measures overall sentiment in the crypto market, has not seen levels this low since the collapse of multiple crypto firms in 2022. A key Bitcoin and crypto sentiment tracker, the Crypto Fear & Greed Index, has fallen to its lowest score in more than two years as Bitcoin plummeted below $90,000. On…
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BlackRock’s iShares Bitcoin Trust has just recorded its biggest single day outflow since launching in 2024. Investors in BlackRock iShares Bitcoin Trust pulled out a record $420 million from the fund in a day as Bitcoin sunk to yearly lows. BlackRock’s spot Bitcoin ETF (IBIT) shed 5,000 BTC on Feb. 26, its largest outflow to date,…
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Elon Musk hit the headlines in late January for a reported plan to run parts of the US government on blockchain. The idea became an international story, even though Bloomberg’s sources were anonymous and neither Musk nor the US government announced anything official (Musk did express support for the idea on X however.) The concept clearly…
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Binance CEO Richard Teng says that crypto markets generally ”bounce back with remarkable resilience” after volatility due to macroeconomic events. The crypto market’s drop after US President Donald Trump confirmed that tariffs on Canada and Mexico are going forward is only short-term and likely won’t last long, says Binance CEO Richard Teng. “It’s important to…
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Bitcoin ETFs in the US have seen more than $2.4 billion in net outflows over February as Bitcoin struggles to maintain a price rally. US spot Bitcoin exchange-traded funds (ETFs) have seen their largest-ever daily net outflows as Bitcoin continues to trade below $90,000. The 11 Bitcoin funds on Feb. 25 together saw a net outflow…
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10x Research’s Markus Thielen says the demand for Bitcoin as a long-term asset could be “significantly smaller than the media portrays.” Spot Bitcoin exchange-traded fund investors have primarily been using the vehicle for arbitrage strategies, with just 44% of inflows tied to long-term investments, according to a crypto research firm. Spot Bitcoin ETFs in the…
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Bitcoin’s rangebound trading style is raising eyebrows among both traders and analysts despite the Bybit hack. Bitcoin eyed $95,000 into the Feb. 23 weekly close as signs pointed to a major BTC buy-in by business intelligence firm Strategy. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView Strategy CEO Saylor hints at BTC exposure increase Data from Markets Pro and TradingView showed a…
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The statement came shortly after Lookonchain reported Bybit had bought $742 million worth of Ether between Feb. 22 and 23. Bybit CEO Ben Zhou says his cryptocurrency exchange has fully replaced the $1.4 billion worth of Ether that was hacked on Feb. 21. A new audited proof-of-reserve report will be published very soon to show…
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