[ad_1] Bitcoin (BTC) bought on exchanges every year since 2017 is now on average in profit, the latest data confirms. Compiled by on-chain analytics firm Glassnode, exchange withdrawal figures confirm that at $37,000, a user’s purchase is on aggregate “in the black.” Bitcoin exchange users claw back bear market losses Bitcoin returned multiple investor cohorts to profit when it retook $30,000 last month, but current prices are having an impact on BTC buyers who entered much earlier. According to Glassnode, which monitors the aggregate price at which coins left exchange wallets…
Read MoreDay: November 21, 2023
Crypto Analyst Calls for Ethereum To Massively Underperform Against Bitcoin, Says Now Is Not the Time for ETH
[ad_1] A closely followed crypto strategist warns that Ethereum (ETH) will continue to lag behind the flagship digital asset Bitcoin (BTC). Trader Credible Crypto tells his 353,200 followers on the social media platform X that the Ethereum versus Bitcoin pair (ETH/BTC) is still in a macro downtrend. According to the analyst, the ETH/BTC rally spurred by news that investment giant BlackRock filed for a spot market Ethereum exchange-traded fund (ETF) quickly faded, indicating the pair’s weakness. “ETH/BTC has almost fully retraced the ‘ETF pump’ from last week. Even that narrative…
Read MoreX Hall of Flame – Cointelegraph Magazine
[ad_1] Dominic Frisby recalls meeting MicroStrategy’s Michael Saylor for the first time at a crypto event. What started off as an awe-struck moment became confusing after things took an unexpected turn. “I saw Michael Saylor there. I was like, ‘Wow, that’s him!’” he tells Magazine. But it was Saylor who quickly came over and introduced himself before Frisby had a chance: “He just came up to me and said, ‘I’ve seen some of your videos, and I really like your work and what you’re doing. Would you like to come…
Read MoreBittrex Global to End Trading on Dec 4, 2023
[ad_1] Bittrex Global, headquartered in Liechtenstein, has announced its decision to wind down operations. This process will begin with a cessation of all trading activities effective December 4, 2023. This announcement follows a period of regulatory challenges and legal proceedings that have impacted the company’s operations. The wind-down process was detailed in an update published on the Bittrex Global website on November 20th. As per the announcement, from December 4th, the platform will restrict activities to withdrawals only, discontinuing all trading functions. Users holding U.S. dollar balances are mandated to…
Read MoreBillionaire Ray Dalio Warns US at Inflection Point Where Enormous Debt Could Witness Acceleration – Here’s Why
[ad_1] Investing legend Ray Dalio is warning that the United States is at a point where its enormous debt could become out of control. In a new CNBC interview, the billionaire says that the country is not generating enough revenue to meet financial obligations. “The longer term is that we are at a point in which we are borrowing money to pay debt service. And there is a process by which when you keep having debt growth faster than income growth, then that means you have debt service encroaching on…
Read MoreBitget expands ecosystem with the listing of Vertex (VRTX) token – CoinJournal
[ad_1] Victoria, Seychelles, November 21st, 2023, Chainwire Bitget, a leading cryptocurrency exchange and Web3 company, is excited to announce the listing of Vertex (VRTX) token, adding another layer of innovation to its robust platform. This strategic move further solidifies Bitget’s commitment to providing users with access to cutting-edge projects that drive the evolution of decentralized finance (DeFi). Vertex is a groundbreaking project in the decentralized finance (DeFi) space, offering a unique approach to liquidity provision and decentralized algorithmic trading. The platform boasts a sophisticated infrastructure that utilizes advanced technologies to…
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