The premium on Grayscale Investment’s GBTC, which turned negative for the first time on February 23, is continuing its downward slide. As the latest Glassnode data shows, the GBTC was trading at a record low discount of -11.92% on March 4, 2021. According to the same data, this new low […]

Global investment bank Goldman Sachs is seeing huge institutional demand for bitcoin with no signs of abating. A survey of Goldman’s institutional clients shows that 61% expect to increase their cryptocurrency holdings. Meanwhile, 76% say the price of bitcoin could reach $100,000 this year. Goldman Sachs Sees No Signs of […]

Key Takeaways Bitcoin sits on top of a significant support wall that may allow it to rebound towards new all-time highs. Ethereum’s upcoming protocol update could be the catalyst that ignites another bull rally.  XRP remains one of the most popular cryptocurrencies in Asia Pacific despite its legal uncertainty in […]

Key Takeaways Crypto Briefings’ CB10 portfolio reconstitution for March resulted in increased allocation in Bitcoin and Cardano’s ADA. The increasing concerns about Ethereum’s rising fees seems to have created a strong tailwind for competition. Dogecoin entered the CB10 index replacing AAVE. Crypto Briefing’s CB10 experimental index was able to cushion […]

Saxo Bank, a Danish multi-asset brokerage, published its monthly trading metrics for February 2021, reporting a solid uptick overall but a marginal gain in foreign exchange demand. According to the broker’s numbers, the total volume of forex trading last month stood at $119.8 billion, increasing only 1.3 percent from January’s […]

Key Takeaways Canadian Bitcoin ETF by Purpose Investments added $600 million Bitcoin since launch in mid-February. Grayscale’s GBTC trust saw a significant drop in inflows from January and compared to the total unlocking in February. As Grayscale’s GBTC premiums slide into negative territory, JP Morgan’s analyst cites profit booking and […]

The first bitcoin exchange-traded fund (ETF) in North America now holds over 11,000 bitcoins. Purpose Bitcoin ETF saw strong interest at launch. An ETF researcher explained that the surge in interest was evidence of some combination of pent-up demand, the price of bitcoin, and investors switching from other means of […]

Key Takeaways VeChain (VET) prices have risen by more than 50% over the past week after a retest of a crucial support level. The downswing seems to have been the last opportunity for sidelined investors to buy VET at a discount.  If buying pressure continues mounting, this altcoin could rise […]

GMO Click, the Japanese retail brokerage giant, has published the trading metrics of the various platforms managed by it for February 2021, showing minor recovery on a monthly basis but a significant year-over-year rise in demand. GMO Click is one of the largest retail foreign exchange venues, primarily managing two […]

Institutional exchange LMAX Digital is seeing further strong volumes as interest in crypto-based trading continues to soar. The platform, however, reported a 14 percent drop in the average daily volume on its spot market. The ADV figure stood at $1.68 billion in February 2021, which is down from January’s $1.96 […]