Category: Bitcoin News

New analysis from banking data company KlariVis found that 90% of community banks in its sample had customers transacting with Coinbase. Across 53 banks where transaction direction could be determined, $2.77 flowed to the crypto exchange for every $1.00 returning, resulting in a net $78.3 million deposit shift over 13 months. The study reviewed 225,577 Coinbase-related transactions across 92 community banks and found that transfers were heavily concentrated in money market accounts, where 96.3% of identifiable transaction volume represented funds leaving banks for the exchange. “In general, community banks can…

Bitcoin (BTC) is forming what may prove to be a fifth consecutive red monthly candle, which would be the longest losing streak since 2018. The silver lining is that data suggests that March may prove to be a profitable month for BTC. Previous multi-month downtrends were followed by 300% price gains Historical price data from CoinGlass confirms Bitcoin is now facing its fifth consecutive red month, down 15% this month after closing the previous four months in the red. The last time this happened was in 2018, when it entered…

A key volatility indicator for Bitcoin (BTC) has narrowed to its tightest measurement on record, a pattern that was followed by a multi-month rally in previous bull and bear markets. Will the Bollinger Bands indicator call the market bottom again? Record Bitcoin Bollinger Band compression hints at volatility Analyzing the monthly Bitcoin chart, crypto analyst Dorkchicken noted that BTC’s Bollinger Bands are currently at their “tightest” level on record. Such conditions have repeatedly led to bullish breakouts, with the only prior downtrend from similar conditions occurring in 2022, during the…

Bitcoin’s (BTC) market structure shifted into a corrective phase after losing a key onchain valuation level in late January. Glassnode data shows that BTC’s price is compressing within a 2024-era demand zone as liquidity conditions soften. At the same time, BTC’s supply is steadily shifting into long-term, retail-linked wallets while exchange activity has cooled. This mix of technical and onchain data, along with the current capital rotation, may shape the next steps for Bitcoin price. Bitcoin lost its active supply cost price, but holders defend $60,000 In its weekly “The…

Bitcoin (BTC) has four new key support levels to watch as a fresh wave of bearish BTC price action aims to push the market price below $50,000. Key points: Bitcoin’s realized prices remain important milestones as the market forms a long-term floor. Binance users’ deposit cost basis is next up as a safety net, says analysis. Realized losses reach levels unseen since the end of the 2022 bear market. BTC price analysis puts focus on Binance traders New analysis from Burak Kesmeci, a contributor to onchain analytics platform CryptoQuant, sees…

Across the globe, it remains common for crypto users to have their bank accounts frozen and transfers blocked, even as institutional adoption rises. Panos Mekras, co-founder and CEO of blockchain fintech Anodos Labs, began dealing with crypto in Greece in the late 2010s. Most Greek banks didn’t allow transfers to crypto exchanges back then. Mekras experienced blocked card payments until one bank finally permitted his transfers, but first, he was questioned to ensure he understood he was interacting with a “risky” counterparty. Mekras told Cointelegraph that those early rejections are…