As the holiday season approaches, anticipation in the cryptocurrency world heightens for the annual phenomenon known as the “Santa rally.” Amidst this festive period, market dynamics tend to shift. This season, there are several factors that could influence the last few months of the year. Institutional investment surge Cryptocurrency prices…

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Former FTX CEO Sam Bankman-Fried has concluded the testimony and cross-examination portion of his ongoing criminal case, Bloomberg reported on Oct. 31. Bankman-Fried acknowledged the existence of an $8 billion hidden debt within Alameda Research, which came to light after a bug was fixed in an account known as fiat@.…

Bitcoin (BTC) price surged by 26.5% in October and several indicators hit a one-year high, including the BTC futures premium and the Grayscale GBTC discount.  For this reason, it’s challenging to present a bearish thesis for BTC as data reflects the post-FTX-Alameda Research collapse recovery period and is also influenced…

Financial brokerage firm Bernstein predicts that Bitcoin (BTC) could reach a staggering high of $150,000 during the 2024-2027 cycle. $150k BTC According to commentators, Bernstein’s report highlighted the cyclical nature of Bitcoin price cycles, which typically follow four-year patterns coinciding with Bitcoin halving events. With the next Bitcoin halving expected…

The Bank for International Settlements (BIS) released a colorful and fact-filled Project mBridge update on Oct. 31. The publication combines technical and promotional discussions in a shift of tone as the project prepares to become a minimum viable project for commercial launch next year. The update gathers a significant amount…

Quick Take The People’s Bank of China’s (PBoC) continued liquidity injections into the market have been observed to coincide with significant movements in Bitcoin’s price. For instance, analyst Alessio Urban noted on Oct. 24 that as the PBoC’s liquidity injections surged, Bitcoin simultaneously broke above the $30,000 mark. A similar pattern…

DeFi enthusiasts know all too well the benefits that decentralization can bring to finance: trustless operations, innovation and greater control for users.  Yet, as with any transformational shift, growing pains are inevitable. Among these, fragmentation, particularly in terms of liquidity, casts a shadow over the DeFi horizon.  At its core,…

Quick Take CryptoSlate’s recent data analysis reveals intriguing patterns in Bitcoin profit-taking behaviors amid volatile market conditions. The analysis showed that the Bitcoin price level of $35,000 has acted as a short-term resistance, with a surge in profit-taking around this point. Specifically, on Oct. 24, over $1.5 billion of realized…