Bitcoin News

Shares of Grayscale Bitcoin Trust Form Bullish Chart Pattern: Technical Analyst
The bullish reversal pattern would open doors for a 50% price rally, chart analysts said.

Arthur Hayes Proposes Bitcoin-Backed Stablecoin Called NakaDollar
The currency would rely on exchanges to maintain a peg to $1, the BitMEX co-founder said.

Crypto Options Market Flashes Bitcoin Warning as Silvergate Winds Down Operations
Bitcoin's options skew favors bearish put options by the most in two months.

Silvergate Collapse Dragging Down Bitcoin Volume
Data from CryptoQuant shows that active addresses and transfer volume have seen significant declines as Silvergate weighs heavy on the market.

U.S. Government's $1B Bitcoin Transfer Spooks Investors; Bitcoin Dips
The price of bitcoin dipped below $22,000 early Wednesday after authorities moved some of the bitcoin to Coinbase-controlled wallets.

First Mover Asia: Bitcoin Hits 3-Week Low, Lingers Near $21.7K Amid Ongoing Inflation Concerns
ALSO: Shaurya Malwa writes about Conic Finance, whose new tool for capturing high yields from stablecoin swapping service Curve has attracted over $60 million from depositors since its unveiling March 1. But at least one analyst questions whether it can deliver on its promise.

Bitcoin Whales Have Been Swimming in Different Directions
While the number of smaller whales has declined, the number of larger bitcoin whales has risen. What do the trends mean?

Embattled Crypto Lender Celsius Allocates $25M for Withdrawals, Burns $500M in WBTC
Celsius Network established a crypto wallet with $25 million of crypto assets for the lender’s custody account holders to withdraw, Arkham Intelligence said in a report. Eligible customers have withdrawn some $17.7 million of crypto assets, the firm’s chief executive said in a Wednesday court hearing.

Let’s Talk About Crypto Protocol Layers and Why Investors Must Examine Them
They’re the overflow rooms for the bustling Bitcoin and Ethereum ecosystems.

Bitcoin Climbs Above $22K as Powell Softens Tone on Day 2 of Congressional Testimony
The Fed chair said no decision has yet been made on the size of the coming March rate hike.

