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➡️ Follow @Bitcoins to get latest news, Fundamentals and TA about bitcoin and the crypto market.
2017: Credit Suisse CEO Tidjane Thiam is skeptical about Bitcoin saying $BTC is "the very definition of speculation and the very definition of a bubble" + "a currency with anti-money laundering challenges".
2023: Credit Suisse is struggling and will be acquired by UBS; besides, more than 130 U.S. banks are actively involved in crypto.
Seems like Thiam doesn't really know the definition of a bubble 😏
@bitcoins
🆙 Number of active $BTC-holding addresses over the decade:
⦁ 1k in July 2010
⦁ 1.3m by April 2021 (at the height of that year's cryptoboom)
⦁ 850k by March 2023
@bitcoins
Yea, we are talking now!!
📍 Follow @Coins for the hottest news in crypto.
💥 Historically, Bitcoin has had an inverse correlation with the U.S Dollar. Over the past month, this negative correlation has mostly disappeared amid a wider market rally.
@bitcoins
😁 Trending on Twitter rn in Business & Finance:
❌ Bitcoin
✅ Bitcion
@bitcoins
Hodlers' Bags Continue to Grow - The amount of BTC owned by addresses holding for over one year just set a new all-time high
Bitcoin hodlers now own over two thirds of all circulating supply.
Following the BTFD mantra, this group of addresses typically increases their holdings in the bear market, as we saw in 2022.
If history rhymes, this group is unlikely to start selling their holdings until we reach close to the previous all-time high ($69,000).
This points to Bitcoin's scarcity as the majority of long-term holders have been historically unwilling to sell shortly after the bottom.
@bitcoins
Comparison of the change in Bitcoin wallets over the course of the 2021-23 cycle shows that small entities, with < 50 BTC, have absorbed the largest volume of coins, sourced from Whales, Miners and Exchanges.
@Bitcoins
As the news of the Silicon Valley Bank failure hit, investors sought refuge in BTC and ETH. Approximately 0.144% of all BTC and 0.325% all ETH in circulation was withdrawn from exchange reserves, a similar self-custody response pattern to the FTX collapse.
@Bitcoins
Bitcoin’s record 67.7% of coins have not moved for more than 1 year.
These people must gladly sell you their $BTC somewhere around $500,000-$1,000,000 one day 😏
@bitcoins
The number of transactions in the Bitcoin mempool has surpassed three-year highs.
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Fiat currency is a promise from your government.
Account balance is a promise from your bank.
Bitcoin is a guarantee, verified by you.
@bitcoins
Bitcoin market depth on top CEXs hit its lowest level since May 2022.
@bitcoins
The Fear and Greed Index has reached 68 points - the highest value in almost a year and a half.
@bitcoins
📈 Bitcoin has experienced one of the best performing weeks of price action in history, closing up 35.8% on the week. Several on-chain indicators suggest that the Bitcoin market is transitioning out of conditions historically associated with deep bear markets.
https://insights.glassnode.com/the-week-onchain-week-12-2023/?&utm_source=gn_twitter&utm_medium=tweet_woc&utm_campaign=woc_12_2023
@bitcoins
Digital asset investment products saw outflows for the 6th consecutive week totaling $95m, with the 5-week total being $406m, representing 1.2% of total assets under management (AuM).
@bitcoins
The banking system explained in 10s.
https://www.reddit.com/r/Bitcoin/comments/11tg2pd/the_banking_system
@bitcoins
A new @TheEconomist front page for March 18th - 24th.
#Bitcoin is THE bank.
RT if you agree: https://twitter.com/CryptoCoinCoach/status/1636338698462674945
BTC correlation with European stocks is at its lowest level in over two years. BTC/Nasdaq correlation reaches second lowest level in over a year. Crypto starting to diverge from stocks.
@bitcoins
Textbook perfect Bitcoin "Bump & Run Reversal" bottom is back and the target is over $100,000.
You heard it here first. Well, whenever that happens! 😉
📍 Follow @Coins for the hottest news in crypto.
Global clothing brand GUESS now accepts Bitcoin payments in Lugano, Switzerland 🇨🇭
@Bitcoins
Banks are failing, and a record high 67.7% of all BTC has not moved on over 1 year.
The stage is set for a parabolic bull run unlike any other.
Hyperbitcoinization is here.
@bitcoins