Author: Ethan Carter
Ethan is a seasoned cryptocurrency writer with extensive experience contributing to leading U.S.-based blockchain and fintech publications. His work blends in-depth market analysis with accessible explanations, making complex crypto topics understandable for a broad audience. Over the years, he has covered Bitcoin, Ethereum, DeFi, NFTs, and emerging blockchain trends, always with a focus on accuracy and insight. Ethan's articles have appeared on major crypto portals, where his expertise in market trends and investment strategies has earned him a loyal readership.
Bitcoin (BTC) might be hovering above $90,000, yet the data suggests that its price is signaling a notable risk-off indicator. CryptoQuant’s multi-metric risk-off oscillator remains close to the “High-Risk” zone, a position that has historically foreshadowed corrections and reduced the chances of a lasting bullish momentum. Key takeaways: Bitcoin’s risk-off signal is situated near the “High-Risk” area, which previously indicated a downturn. BTC’s Profit–Loss sentiment has reached a rare -3 level, suggesting a structural correction. With a -32% drawdown, BTC finds itself between a correction and capitulation zone, potentially leading to a prolonged decline within the $90,000 to $80,000 range.…
Jake Claver, the CEO of Digital Ascension Group, stated that ultra-wealthy families are quickly accumulating XRP, and he believes that many XRP holders are still unaware of how unique their position is. In a video shared on X, Claver disclosed that his company has recently engaged with large family offices making substantial investments in XRP. These remarks come at a time when XRP’s long-term outlook is gaining traction due to ETFs, indicating a shift among investors who had previously shunned cryptocurrencies entirely. Related Reading Wealthy Families Stealthily Amassing XRP Claver remarked that XRP ownership is currently very limited compared to…
Sure! Here’s a rewritten version of the content with the HTML tags intact: Key insights: The Federal Reserve’s transition from quantitative tightening and its rate cuts increase liquidity, rendering fixed-income investments less appealing. Rising credit risks in tech, highlighted by soaring Oracle debt protection costs, lead investors to search for alternative and limited assets like Bitcoin. Bitcoin (BTC) experienced a 4% drop on Friday, reaching a low of $88,140, which extends its decline to 19% since November. In contrast, the S&P 500 is now within 1% of its record high. This pronounced divergence could soon correct with a significant price…
My name is Godspower Owie, and I was raised in Edo State, Nigeria. Growing up with my three siblings, who have always been my role models and mentors, has greatly shaped my understanding of life. My parents are the foundation of my journey. They have consistently supported me through both good and challenging times, always standing by me when I felt lost in this world. Having such wonderful parents gives a sense of safety and security that I wouldn’t trade for anything. Three years ago, I was introduced to the world of cryptocurrency and found myself deeply intrigued. It began…
Congressional committees have moved forward with nominations for regulators tasked with overseeing crypto, but the full Senate has yet to confirm them. Additionally, we are running short on time for market structure discussions.PS: I will be in Washington, D.C. for the Blockchain Association’s annual summit. I’d love to meet up if you’re attending.You’re reading State of Crypto, a CoinDesk newsletter focused on the intersection of cryptocurrency and government. Click here to subscribe to future editions.The narrativeTwo weeks ago, this newsletter highlighted the dwindling opportunities for the crypto industry to secure legislative achievements by 2025. Now, as December unfolds and with…
BitMine Immersion Technologies, currently the largest corporate Ether holder globally, is actively purchasing during the dip, even as top traders in the industry anticipate a decline in Ethereum’s price.Recently, BitMine acquired $199 million in Ether (ETH) over the last two days, comprising a $68 million acquisition on Saturday and a subsequent $130.7 million purchase on Friday, according to data from blockchain platform Lookonchain.With these latest purchases, BitMine now owns $11.3 billion, or 3.08%, of the overall Ether supply, nearing its 5% target as reported by StrategicEthReserve.BitMine’s ongoing acquisitions reflect strong confidence in Ether’s potential for long-term growth. The firm also…
On Thursday, the US Commodity Futures Trading Commission (CFTC) declared that spot Bitcoin (BTC) and Ether (ETH) products will commence trading for the first time on its registered futures exchanges. Here are three reasons why this marks a significant development for the leading cryptocurrencies as we approach 2026.Main points:CFTC regulation grants BTC and ETH gold-like legitimacy, paving the way for increased institutional investments.Regulated US trading enhances liquidity, reduces volatility, and encourages crypto trading to return onshore.Bitcoin and Ethereum can evolve like goldA strong historical analogy for the CFTC’s decision can be drawn from the gold market. When gold was officially…
Sure! Here’s the rewritten content while keeping the HTML tags intact: On Friday, two long-idle Casascius coins, each containing 1,000 Bitcoin, were activated, releasing over $179 million that had remained dormant for more than 13 years. According to onchain data, one coin was minted in October 2012, when Bitcoin was valued at $11.69. The other originates from December 2011, when BTC was priced at $3.88, resulting in an impressive theoretical gain of nearly 2.3 million% since its minting. Historic Physical Coins Released Reports indicate that Casascius coins (metal coins) were created by Utah entrepreneur Mike Caldwell between 2011 and 2013…
The potential for a ‘Santa’ rally in Bitcoin could be driven by favorable macroeconomic conditions, particularly the upcoming decision on interest rates by the Federal Reserve. However, negative investor sentiment might be further impacted by any hawkish comments from central bank officials. According to Coinbase Institutional, enhanced liquidity conditions and increasing chances of a Federal Reserve interest rate cut could stimulate a recovery in the crypto market throughout December. “We believe that crypto is positioned for a December rebound as liquidity strengthens, Fed cut probabilities rise to 92% (as of Dec 4), and macroeconomic support grows,” reported Coinbase in a…
Bitcoin’s potential ‘Santa’ rally might be fueled by supportive macroeconomic factors, including the upcoming Federal Reserve interest rate decision, though any hawkish comments from central bank officials could dampen investor sentiment.According to Coinbase Institutional, enhanced liquidity conditions and increasing chances of a Federal Reserve interest rate cut might drive a recovery in the crypto market this December.“We believe crypto could be set for a December recovery as liquidity levels improve, with Fed cut odds rising to 92% (as of Dec 4), and macro tailwinds developing,” stated Coinbase in a report released on Friday.In October, Coinbase anticipated “weakness” in the crypto…