Bitcoin exchange reserve hits 2,666,753 BTC, a level not seen since August 2019. The supply picture looks familiar. The market cycle does not. The last time this many Bitcoin sat off exchanges, a cup of coffee still cost less than a satoshi’s worth of BTC at today’s price. August 2019. The reserve number was 2,666,753 […]
The post Exchange Reserve Hits 6-Year Low. What’s Different This Time Could Shock You appeared first on Live Bitcoin News.
Ethereum (ETH) has followed Bitcoin (BTC) and much of the wider crypto market lower over the past 48 hours, dropping below the key $2,000 support level and reigniting concerns among some investors that a longer bear phase could be underway. Even with the recent slide, Standard Chartered’s Digital Assets Research Head, Geoff Kendrick, says the bank is not backing away from its bullish long-term outlook for Ethereum. Ethereum Price Will Catch Up In a note to investors on Thursday, Kendrick reaffirmed Standard Chartered’s core projection for Ethereum’s performance over the next four years, including its end-2030 target of $40,000 for ETH. He linked the current weakness to something investors may eventually look back on as a confusing, even misleading, signal. Rather than treating the price drop as proof that the network is weakening, Kendrick argued that Ethereum’s usage metrics are continuing to improve even as the token’s market value loses ground. Related Reading: Hyperliquid (HYPE)
A May 28 morning slide to a session low of $72,642 pushed bitcoin closer to locking in an overall loss for May, extending a weeklong retreat from its May 25 peak of $78,000. Key Takeaways: Bitcoin fell to a session low of $72,642 on Thursday morning, threatening to close May with a monthly loss. Volatile […]
XRP is testing critical demand levels as selling pressure keeps the price under stress, and participants on both sides of the trade search for the structural signal that determines whether the current level holds or gives way to further decline. The price action is tense — and a CryptoQuant analyst has identified a shift in the exchange flow data on Binance that adds a specific structural dimension to the current test that the price chart alone cannot reveal. Related Reading: Bitcoin Sends An Unusual Signal After Miner Inflows Top 20,000 BTC – Analyst Explains The Setup The metric the analyst examines tracks the spread between whale activity and retail activity in XRP outflows on Binance. A measure of how dominant large holders are relative to smaller participants in the exchange’s flow structure. The latest reading places that spread at 88.3%, a level that sits near its lowest range since May 2024. Whales continue to dominate XRP outflows on Binance, but the gap between their activity
Timechainindex.com founder Sani first posted the news on X, drawing attention to a quietly filed New York Supreme Court case in which three anonymous plaintiffs are seeking legal title to roughly 3.8 million BTC worth approximately $293 billion, a pool of dormant coins that includes addresses widely attributed to Bitcoin creator Satoshi Nakamoto. Galaxy Research’s […]
Chipmaker Sequans has ended its Bitcoin treasury strategy, selling most of its holdings to clear debt. French chipmaker Sequans has ended its Bitcoin treasury strategy after less than a year. The company sold part of its holdings to redeem convertible…
Ethereum's potential price surge could reshape crypto markets, emphasizing DeFi's role and challenging Bitcoin's dominance amid regulatory risks.
The post Standard Chartered reaffirms $40K Ethereum price target amid DeFi dominance appeared first on Crypto Briefing.
