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.
Texas has officially become the first state in the US to purchase and hold Bitcoin (BTC), acquiring $5 million worth of BlackRock’s iShares Bitcoin Trust (IBIT) and approving an additional $5 million for direct, self-custodied BTC. This initiative arises at a surprising time of market decline characterized by ETF outflows, institutional caution, and stalled legislative efforts nationwide.In this week’s Byte-Sized Insight episode, we delve into Texas’s proactive stance while many others have withdrawn, exploring what this timing indicates about the state’s long-term outlook on digital assets.Earlier this year, over two dozen US states considered or debated legislation permitting public treasuries…
Two long-dormant Casascius coins — each backed by 1,000 Bitcoin — have been activated as of Friday, unlocking over $179 million that had been secured for more than 13 years.Onchain data reveals that one of the Casascius coins was minted in October 2012, when the price of Bitcoin was $11.69.The other coin was minted earlier in December 2011, at a value of just $3.88 per Bitcoin, leading to a theoretical return of approximately 2.3 million percent, excluding minting costs.A Brief History of Casascius CoinsCasascius coins are tangible metal coins or bars created by Utah entrepreneur Mike Caldwell, minted between 2011…
Bitcoin (BTC) is currently trading above $90,000, yet indicators suggest a pronounced risk-off signal. CryptoQuant’s multi-metric risk-off oscillator is hovering near the “High-Risk” zone, a historical indicator that often precedes market corrections and reduces the chances of a sustained bullish trend. Key takeaways: Bitcoin’s risk-off signal is situated close to “High-Risk” territory, which has historically signaled a bearish phase. BTC’s Profit–Loss sentiment has reached a rare -3 extreme, indicating a structural correction. BTC’s -32% drawdown finds it between a correction and capitulation zone, potentially prolonging the decline within the $90,000 to $80,000 range. Bitcoin is structurally weak near $90,000 CryptoQuant’s…
A widespread sentiment has emerged in the crypto community recently: “The four-year crypto market cycle is over.” Analysts from the Bull Theory contend that while the four-year cycle might be fading, the Bitcoin bull run is simply postponed and could extend until 2027. Reasons Behind the Potential End of the Four-Year Cycle In a recent social media post on platform X, formerly known as Twitter, analysts from Bull Theory pointed out that the traditional notion of Bitcoin following a predictable four-year cycle is diminishing. They underscored that major price fluctuations over the past decade were not exclusively linked to Halving…
Two previously inactive Casascius coins — each containing 1,000 Bitcoin — were activated on Friday, releasing over $179 million that had been dormant for over 13 years.Onchain data reveals that one of the Casascius coins was minted in October 2012, with Bitcoin priced at $11.69 at the time.The other was minted in December 2011, when Bitcoin was valued at just $3.88, resulting in a theoretical return of approximately 2.3 million percent for that coin, excluding minting costs.A Brief History of Casascius CoinsCasascius coins are physical metal collectibles created by Utah-based entrepreneur Mike Caldwell, minted between 2011 and 2013.Caldwell transformed Bitcoin…
Key takeaways:The Federal Reserve’s shift from quantitative tightening and rate adjustments enhances liquidity, making fixed-income assets less appealing.Rising tech credit risks, highlighted by elevated Oracle debt protection costs, drive investors towards alternative, rarer assets such as Bitcoin.Bitcoin (BTC) dropped 4% on Friday, hitting a low of $88,140, marking a 19% decline since November. Conversely, the S&P 500 is now less than 1% shy of its all-time peak. This stark contrast may soon be resolved with a substantial Bitcoin surge, supported by a significant shift in central bank strategy and rising credit stress.This confluence of factors could push Bitcoin toward the…
Strive, which ranks as the 14th-largest publicly traded Bitcoin treasury firm on Nasdaq, has called on MSCI to reevaluate its proposed move to exclude significant Bitcoin-holding companies from its indexes.In correspondence addressed to MSCI’s chairman and CEO, Henry Fernandez, Strive articulated that removing companies with over 50% of total assets in digital holdings would diminish passive investors’ access to growing sectors and would fail to accurately represent the companies in question.A loss of inclusion in MSCI indexes could pose a substantial setback for digital asset treasury firms. Analysts from JPMorgan previously cautioned that Strategy, a Bitcoin treasury firm featured in…
The Bank of Japan is set to increase interest rates during its December policy session, a move that would elevate the country’s benchmark rate to its highest since 1995 and could impact global risk markets, including cryptocurrencies.Sources close to the situation informed Bloomberg that officials are considering a 25-basis-point increase to 0.75% at the Dec. 19 meeting, provided there are no significant disruptions in global markets or Japan’s domestic outlook.The yen appreciated following the news, rising from just above 155 to approximately 154.56 per dollar on Friday.This development affects the yen-funded carry trade, a longstanding method in finance. Hedge funds…
Strive, the 14th largest Bitcoin treasury firm listed on Nasdaq, has called on MSCI to rethink its proposal to exclude significant Bitcoin-holding companies from its indexes.In a letter addressed to MSCI Chairman and CEO Henry Fernandez, Strive emphasized that excluding firms with digital asset holdings exceeding 50% of total assets would diminish passive investors’ access to growth sectors and fail to accurately represent the companies MSCI aims to include.Exclusion from MSCI indexes could seriously impact digital asset treasury firms. JPMorgan analysts had previously cautioned that Strategy, a Bitcoin treasury firm included in the MSCI World Index, could face a $2.8…
Although Bitcoin has recovered above the significant $90,000 level—a threshold that historically acts as a support for the cryptocurrency—the market displays indications that another correction might be on the horizon. Is the Bitcoin Price Recovery at Stake? Market analyst Rekt Fencer recently shared observations on social media platform X, previously known as Twitter, indicating that Bitcoin’s price may be setting up a “massive bull trap.” This term describes a misleading bullish signal where the price briefly exceeds a resistance level, in this case, the $90,000 mark, only to retrace and decline. Such movements can ensnare investors who entered during the…