teatree (62)in #crypto • 4 days agoBitcoin continues to move sidewaysHere's the chart: source Lots of crypto people are impatient and puzzled about why bitcoin won't move past the highs it made in 2021. After all we've had the halvening.…teatree (62)in #crypto • 18 days agoHow long will Bitcoin remain range-bound?Waiting for bitcoin to move is like watching paint dry. The halvening was some months ago, but the market appears stuck. Here's the chart: source The latest excuse for…teatree (62)in #crypto • 24 days agoEthereum prices are on the moveLots of chatter about Ethereum ETFs getting approval from regulators. As always prices rise on the rumours. Here's the chart: source The most interesting thing about this…teatree (62)in #crypto • 28 days agoIt's Pizza Day!Here is a screenshot of the start of the conversation on bitcointalk that led to the first commercial transaction involving bitcoin: source Someone in Britain took him up…teatree (62)in #crypto • last monthCrypto mania hasn't yet happened in the current cycleHere is a graph comparing the bitcoin price to the number of views the Youtube crypto channels get: source At the height of the crypto mania in 2021, the Youtube crypto…teatree (62)in #crypto • last monthSteem's price is catching up with Hive'sHere is the graph of the price action over the last week: source As you can see, Steem has gone from $0.26 to $0.30 now, a 15% rise (though it did reach $0.33). Hive…teatree (62)in #crypto • last monthWhat caused the most recent Bitcoin sell-off?There are some arguments to be made that the launch of the Hong Kong Bitcoin ETF is to blame. Here are some charts: source Everything these days is governed by algorthmic…teatree (62)in #crypto • 2 months agoWhich cryptocurrencies are actually being used to pay for things?There are a number of crypto payment processors, like Coingate and Bitpay, that allow people to pay for goods and services using crypto in online retailers who have crypto…teatree (62)in #crypto • 2 months agoNow Silver is moving up! Surely Crypto's turn will come soon?On the heels of gold's surge above $2,300 an ounce, silver has started moving up. Here's the chart: source I suppose this is people thinking they've missed the gold surge…teatree (62)in #crypto • 2 months agoWhy is gold surging while bitcoin is moving sideways?I think the answer is the bond markets. US bond yields are rising which means bond prices are falling. In other words, investors are dumping bonds. But why? Because US…teatree (62)in #crypto • 2 months agoThe IMF tried to get El Salvador to revoke Bitcoin's legal tender statusI'm reading a fascinating long form account of El Salvadore's President Bukele. It mainly deals with his efforts to curb gang-related crime, but has this to say about his venture…teatree (62)in #crypto • 3 months agoLondon Stock Exchange to accept applications for Bitcoin-backed Exchange-Traded-NotesThe UK 2023 Financial Services Act instructed the Financial Conduct Authority (FCA) to come up with a framework that allowed investors to buy crypto in a safe way. The FCA has…teatree (62)in #crypto • 3 months agoThe European Central Bank has a go at BitcoinThis is what they wrote in response to the SEC in the United States giving approval to Bitcoin ETFs: On 10 January, the US Securities and Exchange Commission (SEC) approved…teatree (62)in #crypto • 4 months agoBitcoin pumped to $63,734!... before profit taking brought it down to around $61,000. Here is the one-day chart: source The move from $56,950 to $63,734 in a single day is a 12% move. HUGE in a…teatree (62)in #crypto • 4 months agoAll this crazy talk of $10 Hive - where would the money come from?Bitcoin has now passed $54,000, and is on it's way to reaching $69,000 (the previous all-time high) at the very least. Ethereum is above $3,100. So of course there has been a…teatree (62)in #crypto • 4 months agoGenesis gets permission to sell Grayscale Bitcoin Trust sharesGenesis Global (the crypto lender that was at the centre of a lot of "Earn" programs) is currently in the process of bankruptcy. Last week, the bankruptcy court gave Genesis…teatree (62)in #crypto • 4 months agoOTC desks are getting drained of bitcoinsLarge investors, including Wall Street types and the new Bitcoin ETFs, tend to buy their coins discreetly from Over The Counter (OTC) brokers, rather than through the exchanges.…teatree (62)in #crypto • 4 months agoHow are Bitcoin ETFs doing, one month in?It's a month since the SEC approved Bitcoin ETFs, and a net $2.8bn is now held in these ETFs. Here is the breakdown: source As you can see from the above graphic, most of…teatree (62)in #crypto • 4 months agoHive doesn't seem to be following the broad crypto market upIf you look at the top 100 cryptocurrencies, they all have upward sloping graphs - they're being pulled up by Bitcoin, which breached $50,000 yesterday, up from $22,200 this time…teatree (62)in #crypto • 4 months agoBitcoin wallets with more than 1000 bitcoins surgeThis is the ETF effect. 77 new wallets with balances of over 1000 Bitcoin have been added in the last 2 weeks alone. Here's the graph: source The SEC approved ETFs on…