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Stay up to date on the latest crypto trends with our expert, in-depth coverage.
Bitcoin mining difficulty set to hit record high today amid US miner scrutiny
Bitcoin mining difficulty is expected to rise by 8% to a new all-time high.
Crypto Slate·2024/02/15 10:56
Will Genesis Dump $1.6 Billion Worth of Bitcoin and Ethereum Trust Shares on the Market?
Sales will be executed gradually under broker guidance to prevent sudden share dumping, which could negatively impact prices.
Cryptopotato·2024/02/15 10:31
Ripple Price Prediction: Will XRP Surge Beyond $2 in 2024?
Will XRP surge towards the coveted $2 mark this year? Here are four important factors to keep in mind.
Cryptopotato·2024/02/15 10:31
Cardano Skyrockets 7% Weekly, But Warning Signs Are Ahead: Three Things to Watch (ADA Price Analysis)
Cryptopotato·2024/02/15 10:31
ARK dumps first Coinbase and Robinhood shares since January
Cointelegraph·2024/02/15 09:00
Starknet’s STRK Distribution Acknowledges ‘Symbiotic Relationship’ Between Layer 1 and Layer 2 Tech
Starknet said that its token distribution event is far more than the regular “airdrops” conducted by crypto projects.
Cryptopotato·2024/02/15 08:46
Arcadia Collateral Risk Simulation: Progress Report 2
Cointime·2024/02/15 07:31
Gold ETFs bleed $2.4B so far this year as Bitcoin ETFs hit record volumes
Cointelegraph·2024/02/15 04:54
Bakkt approved for $150M securities sale to stem its cash bleed
Cointelegraph·2024/02/15 04:42
BTC Option Volumes Surge As $50k Hit
Cointime·2024/02/15 01:33
Flash
02:06
Grayscale: On-chain Metrics Show Bitcoin Is Undervalued, But Has Not Yet Reached Previous Cycle LowsBlockBeats News, June 10th, According to the latest report "Is Bitcoin Cheap Yet?" released by Zach Pandl, Director of Grayscale Research, as the Bitcoin price dropped below $60,000 and hit a new low in this cycle, a comprehensive analysis of various on-chain valuation indicators indicates that Bitcoin is currently undervalued. However, the attractiveness of this valuation is still weaker than the bottom of the previous market cycle (such as post-FTX collapse).
The report points out that a comprehensive valuation model composed of three on-chain indicators—NUPL (Net Unrealized Profit/Loss), Price/CVDD, and Market Cap/Thermo Cap—shows that the Bitcoin price is significantly below its long-term average. Nevertheless, Grayscale believes that the decline in this bear market cycle may be shallower than in previous cycles, due to reasons such as the relatively moderate rise in the previous bull market and market structure improvements resulting from the adoption of spot ETFs, wealth management platform allocations, and institutional adoption.
Regarding future trends, Grayscale believes that investors should pay close attention to two short-term catalysts: the progress of the U.S. "CLARITY Act" in the Senate and whether high-leverage Bitcoin holders can stabilize their balance sheets. The report states that institutions remain optimistic about the eventual passage of the CLARITY Act; however, it predicts that there is still considerable uncertainty about the market's perception of the outcome. The current price level provides a Dollar Cost Averaging (DCA) opportunity for long-term investors, while short-term traders may wait for further clarity on the CLARITY Act before making decisions.
00:58
Spot Gold Falls Below $4200/Ounce, Hits Nearly 3-Month Low On June 10, spot gold continued to decline, falling below $4200 per ounce for the first time since March 23, with a daily drop of 1.4%. (Jin Shi)
00:38
Bitmine Acquires Additional 75,000 ETH in Last 8 HoursOn June 10, according to monitoring by Lookonchain, Bitmine, the Ethereum treasury company owned by Tom Lee, has purchased an additional 75,000 ETH through an exchange and FalconX in the past 8 hours, valued at approximately $123 million.
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