Latest from Omkar Godbole
Bitcoin, Ether Could Face Risks From Potential Short Squeeze in Dollar Index, QCP Capital Says
A short squeeze refers to a rally stemming from traders squaring off their bearish short positions.
Fed Preview: Crypto Observers Believe Bitcoin Rally May Stall if Powell Does Not Signal End of Tightening
"We expect that Chair Powell may shy away from being definitive when it comes to a pause, which may disappoint the market," one crypto trader said.
First Mover Americas: BRC-20 Tokens Skyrocket
The latest price moves in crypto markets in context for May 2, 2023.
Number of Stablecoins Held on Exchanges Slips to 2-Year Low
While stablecoins' exchange balance has dropped by 44% this year, bitcoin's price has rallied by 70%.
'Bitcoin Request for Comment' Tokens Surge to $137M in Market Value
The BRC-20 standard sounds like the popular ERC-20, but the two are different, with the former lacking the ability to interact with smart contracts.
First Mover Americas: Bitcoin Ending Week on Positive Note
The latest price moves in crypto markets in context for April 28, 2023.
Bitcoin Held on Binance Surges to Record High of 692K BTC: Glassnode
The tally has increased by more than 50,000 bitcoins in four weeks, reversing the exodus seen late last year.
Long-Term Bitcoin Holders Are Profitable for First Time in 11 Months, Blockchain Data Shows
Bitcoin's "long-term holder spent output profitability ratio" shows coins moved on-chain that have a lifespan of at least 155 days or higher are being sold for a profit.
First Mover Americas: Lots of Bitcoin Futures Traders Cash Out
The latest price moves in crypto markets in context for April 27, 2023.
Bitcoin's Negative Correlation With Dollar Index Strengthens Ahead of U.S. GDP Data
The 90-day correlation coefficient between bitcoin and the dollar index has slipped to -0.70 from -0.11 four weeks ago.
