Quick Take A trend emerged between Bitcoin and TLT, the U.S. long bond ETF, in early December as BTC denominated in TLT hit a triple top level previously seen in 2021. Bitcoin just rallied above $44,200 and is 36% off its all-time high of $69,000; it has showcased a significant dominance in relation to TLT…
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Quick Take Bitcoin’s hash rate has reached an unprecedented high, marking a fourteen-day moving average of 566 exahashes per second (EH/s). This surge follows Feb. 2, a 7.3% rise in difficulty adjustment, bringing it to a record-setting 75.50T. Over the past three weeks, since the Texas freeze-induced low…
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Quick Take Just before the U.S. market opened on Jan. 16, Grayscale, the world’s largest digital currency asset manager, initiated a significant transfer to Coinbase. The transactions involved shifting 9,000 BTC across nine separate transactions, each valued at around $43.7 million, towards a Coinbase Prime hot wallet…
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Quick Take A recent examination of the Federal Reserve’s balance sheet reveals a significant trend of quantitative tightening. The balance sheet has contracted by approximately $15 billion in the past week alone, signaling possible upcoming economic shifts. As noted by Charlie Bilello, the Chief Market Strategist at Creative Planning…
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Quick Take In 2024, the crypto market is set to witness two major events: the introduction of a Bitcoin spot ETF in January and the halving of Bitcoin block rewards in April. While both events will significantly influence the industry, the degree to which each event will affect market prices still remains a subject of
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