Bitcoin’s 3-Week Consolidation Under $38K Has Bullish Undertone
The pullbacks have become less deep over the past three weeks, suggesting the building up of bullish sentiment, one observer said.
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The pullbacks have become less deep over the past three weeks, suggesting the building up of bullish sentiment, one observer said.
Someone paid $3.1 million in transaction fees for a bitcoin [BTC] transfer on Thursday. Bitcoin miner Antpool was rewarded for mining the block, it received the standard 6.25 BTC as well as 85.2163 BTC in fees for all transactions included in the block, on-chain data shows.
The latest price moves in bitcoin [BTC] and crypto markets in context for Nov. 23, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
The move appears to be in anticipation of the approval of spot bitcoin ETFs.
It appears bitcoin holders are not planning on offloading inventory at these price levels or any time soon, one observer said.
After a blockchain sleuth reported that the Bitcoin mining pool may have censored a transaction from an address blacklisted by U.S. authorities, critics responded, and so did the project’s co-founder.
The world’s largest crypto exchange agreed to settle U.S. criminal charges and its founder and CEO pled guilty and agreed to step down from the company.
The latest price moves in bitcoin [BTC] and crypto markets in context for Nov. 22, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Order book liquidity refers to the capacity to trade quickly at quoted prices.
We have seen interest in loading up more topside with strong demand for the March 2024 expiry calls, one OTC desk said.