Press Release

FASB rules ‘eliminate the poor optics’ that detered firms from crypto: Analyst

September 7, 2023 CryptoExpert

The United States Financial Accounting Standards Board’s new rules for crypto accounting will eliminate the “poor optics” that plagued companies holding digital assets, according to analysts from Berenberg Capital. On Sept. 6, the U.S. Financial Accounting Standards Board (FASB) approved new rules for cryptocurrencies with regard to how companies report the fair value of their […]

Bitcoin Realized Price and Minimum Volatility: Will BTC Plunge to $20,000?

Is a $20,000 Drop Ahead?

September 7, 2023 CryptoExpert

Bitcoin is currently in a very wobbly position. The price action remains just above fragile support in the $25,000 area. Its loss could lead to a sharp decline. On the other hand, the uptrend, which has been in place since the beginning of 20203, does not seem to be broken. There is a chance that […]

Bitcoin Mempool Clogged With Over 560K Unconfirmed Transactions Amid Search for Rare Sats

September 7, 2023 CryptoExpert

The Bitcoin network is currently overwhelmed with a backlog of unconfirmed transactions, with the average confirmation time hovering above 10.4 minutes. According to Mempool, there are around 560,000 transactions waiting to be confirmed on the Bitcoin protocol, whose memory usage has surged past 300 MB to 1GB, and transaction fees spiked to 20 satoshis per […]

Bitcoin Unscathed As Crypto Funds Bleed With $342 Million Outflow Streak

September 6, 2023 CryptoExpert

Bitcoin, the world’s leading crypto, has been spared from a recent negative occurrence that gripped the digital currency market. Crypto outflows took a breather last week, providing a glimmer of hope for an industry grappling with prolonged negative sentiment. According to recent data, digital-asset investment products saw $11.2 million flow out of the market, marking […]

Crypto market ‘dramatically underestimates’ bullishness of spot Bitcoin ETFs

September 6, 2023 CryptoExpert

The potential of a spot Bitcoin (BTC) exchange-traded fund (ETF) approval to drive prices up is dramatically underestimated by the crypto market, claim analysts from crypto research firm K33 — formerly Arcane Research. In a Sept. 5 market report, K33 senior analyst Vetle Lunde and vice president Anders Helseth said the last three months had […]

These Three Metrics Sound the Alarm of Bitcoin’s Shine Fading Away

Is Bitcoin Losing Its Luster? Three Shocking Metrics Say Yes!

September 5, 2023 CryptoExpert

Bitcoin has long been the bellwether in the cryptocurrency market, guiding sentiment and market dynamics. But recent metrics reveal an unsettling trend. Indeed, the pioneer digital currency appears to be losing its allure. Analyzing market data, search trends, trading volumes, and investor behavior reveals an unsettling pattern of declining interest. Bitcoin Trading Volumes Drop One […]

Spot Bitcoin ETF in America is ‘Inevitable:’ Former SEC Chair Claims

September 4, 2023 CryptoExpert

Jay Clayton – former Chairman of the US Securities and Exchange Commission (SEC) – thinks the regulator will sooner or later approve the launch of a spot Bitcoin exchange-traded fund (ETF). The agency recently decided to delay the applications of BlackRock and numerous other finance giants who displayed ambitions to introduce such a product. Clayton […]

What Traders Can Expect In The ‘Longest’ BTC Bear Market

September 4, 2023 CryptoExpert

Bitcoin (BTC) and the entire cryptocurrency market are currently caught in a sideways trading pattern, leaving investors grappling with uncertainty. In a market where prices can swing dramatically in a matter of minutes, such stability can be unsettling for traders. However, renowned crypto analyst Michaël van de Poppe, known for his insightful predictions, offers a […]

Bitcoin chart highlights $24.7K as analyst says ‘nothing has changed’

September 3, 2023 CryptoExpert

Bitcoin (BTC) stayed below $26,000 into the Sep. 3 weekly close as analysis brushed off overly bearish trader sentiment. BTC/USD 1-day chart. Source: TradingView BTC price weekly close puts $25,900 in focus Data from Cointelegraph Markets Pro and TradingView showed BTC price avoiding volatility over the weekend, operating in a tight $200 range. An absence […]