Crypto Vesting

Today in crypto, Robinhood has entered the prediction markets with the launch of a new betting platform. In France, authorities have temporarily lifted judicial restrictions on Telegram founder Pavel Durov until April 7. Meanwhile, South Korea’s central bank has clarified that it has neither discussed nor considered the possibility of holding Bitcoin reserves.

Robinhood shares up 8% after launching betting markets hub

Robinhood has launched a betting markets hub as the online brokerage — best known for stock trading — expands its presence in emergent asset classes, including cryptocurrencies and event contracts, according to a March 17 announcement. 

Robinhood’s stock, HOOD, rose roughly 8% on the Nasdaq after the announcement, according to data from Google Finance.

The new betting feature will let users “trade contracts for what the upper bound of the target fed funds rate will be in May, as well as the upcoming men’s and women’s College

Read More at https://cointelegraph.com/news/what-happened-in-crypto-today?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742248965663&utm_campaign=rss_partner_inbound

Bitcoin (BTC) has undergone its second-largest correction of this bull run, according to analysts at crypto exchange Bitfinex. The correction, from the coin’s all-time high of $109,590 set on Jan. 20 to a low of $77,041 during the week of March 9-15, represents a 30% retracement triggered by selling pressure from short-term holders.

In its report, Bitfinex defines short-term holders as those who have bought within the last seven to 30 days. According to the exchange, they have suffered net unrealized losses and are often more subject to capitulation.

Bitfinex notes that ongoing outflows from Bitcoin ETFs, which totaled around $920 million during the week of March 9-15, suggest that institutional buyers have not yet returned with enough strength to combat selling pressure.

Bitcoin capital flow by short-term holders. Source: Glassnode/Bitfinex

Trading at around $84,357, Bitcoin has rebounded 9.5% from its low.

Read More at https://cointelegraph.com/news/bitcoin-30-retracement-selling-pressure-bitfinex?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742299378993&utm_campaign=rss_partner_inbound

Bitcoin (BTC) has undergone its second-largest correction of this bull run, according to analysts at crypto exchange Bitfinex. The correction, from the coin’s all-time high of $109,590 set on Jan. 20 to a low of $77,041 during the week of March 9-15, represents a 30% retracement triggered by selling pressure from short-term holders.

In its report, Bitfinex defines short-term holders as those who have bought within the last seven to 30 days. According to the exchange, they have suffered net unrealized losses and are often more subject to capitulation.

Bitfinex notes that ongoing outflows from Bitcoin ETFs, which totaled around $920 million during the week of March 9-15, suggest that institutional buyers have not yet returned with enough strength to combat selling pressure.

Bitcoin capital flow by short-term holders. Source: Glassnode/Bitfinex

Trading at around $84,357, Bitcoin has rebounded 9.5% from its low.

Read More at https://cointelegraph.com/news/bitcoin-30-retracement-selling-pressure-bitfinex?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742284683293&utm_campaign=rss_partner_inbound

Bitcoin (BTC) has undergone its second-largest correction of this bull run, according to analysts at crypto exchange Bitfinex. The correction, from the coin’s all-time high of $109,590 set on Jan. 20 to a low of $77,041 during the week of March 9-15, represents a 30% retracement triggered by selling pressure from short-term holders.

In its report, Bitfinex defines short-term holders as those who have bought within the last seven to 30 days. According to the exchange, they have suffered net unrealized losses and are often more subject to capitulation.

Bitfinex notes that ongoing outflows from Bitcoin ETFs, which totaled around $920 million during the week of March 9-15, suggest that institutional buyers have not yet returned with enough strength to combat selling pressure.

Bitcoin capital flow by short-term holders. Source: Glassnode/Bitfinex

Trading at around $84,357, Bitcoin has rebounded 9.5% from its low.

Read More at https://cointelegraph.com/news/bitcoin-30-retracement-selling-pressure-bitfinex?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742281287778&utm_campaign=rss_partner_inbound

Bitcoin (BTC) has undergone its second-largest correction of this bull run, according to analysts at crypto exchange Bitfinex. The correction, from the coin’s all-time high of $109,590 set on Jan. 20 to a low of $77,041 during the week of March 9-15, represents a 30% retracement triggered by selling pressure from short-term holders.

In its report, Bitfinex defines short-term holders as those who have bought within the last seven to 30 days. According to the exchange, they have suffered net unrealized losses and are often more subject to capitulation.

Bitfinex notes that ongoing outflows from Bitcoin ETFs, which totaled around $920 million during the week of March 9-15, suggest that institutional buyers have not yet returned with enough strength to combat selling pressure.

Bitcoin capital flow by short-term holders. Source: Glassnode/Bitfinex

Trading at around $84,357, Bitcoin has rebounded 9.5% from its low.

Read More at https://cointelegraph.com/news/bitcoin-30-retracement-selling-pressure-bitfinex?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742277644138&utm_campaign=rss_partner_inbound

Bitcoin (BTC) has undergone its second-largest correction of this bull run, according to analysts at crypto exchange Bitfinex. The correction, from the coin’s all-time high of $109,590 set on Jan. 20 to a low of $77,041 during the week of March 9-15, represents a 30% retracement triggered by selling pressure from short-term holders.

In its report, Bitfinex defines short-term holders as those who have bought within the last seven to 30 days. According to the exchange, they have suffered net unrealized losses and are often more subject to capitulation.

Bitfinex notes that ongoing outflows from Bitcoin ETFs, which totaled around $920 million during the week of March 9-15, suggest that institutional buyers have not yet returned with enough strength to combat selling pressure.

Bitcoin capital flow by short-term holders. Source: Glassnode/Bitfinex

Trading at around $84,357, Bitcoin has rebounded 9.5% from its low.

Read More at https://cointelegraph.com/news/bitcoin-30-retracement-selling-pressure-bitfinex?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Bitcoin (BTC) has undergone its second-largest correction of this bull run, according to analysts at crypto exchange Bitfinex. The correction, from the coin’s all-time high of $109,590 set on Jan. 20 to a low of $77,041 during the week of March 9-15, represents a 30% retracement triggered by selling pressure from short-term holders.

In its report, Bitfinex defines short-term holders as those who have bought within the last seven to 30 days. According to the exchange, they have suffered net unrealized losses and are often more subject to capitulation.

Bitfinex notes that ongoing outflows from Bitcoin ETFs, which totaled around $920 million during the week of March 9-15, suggest that institutional buyers have not yet returned with enough strength to combat selling pressure.

Bitcoin capital flow by short-term holders. Source: Glassnode/Bitfinex

Trading at around $84,357, Bitcoin has rebounded 9.5% from its low.

Read More at https://cointelegraph.com/news/bitcoin-30-retracement-selling-pressure-bitfinex?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742248965663&utm_campaign=rss_partner_inbound

Bitcoin (BTC) has undergone its second-largest correction of this bull run, according to analysts at crypto exchange Bitfinex. The correction, from the coin’s all-time high of $109,590 set on Jan. 20 to a low of $77,041 during the week of March 9-15, represents a 30% retracement triggered by selling pressure from short-term holders.

In its report, Bitfinex defines short-term holders as those who have bought within the last seven to 30 days. According to the exchange, they have suffered net unrealized losses and are often more subject to capitulation.

Bitfinex notes that ongoing outflows from Bitcoin ETFs, which totaled around $920 million during the week of March 9-15, suggest that institutional buyers have not yet returned with enough strength to combat selling pressure.

Bitcoin capital flow by short-term holders. Source: Glassnode/Bitfinex

Trading at around $84,357, Bitcoin has rebounded 9.5% from its low.

Read More at https://cointelegraph.com/news/bitcoin-30-retracement-selling-pressure-bitfinex?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742245286491&utm_campaign=rss_partner_inbound

Bitcoin (BTC) has fallen 12% since March 2, when it nearly reached $94,000. Interestingly, during the same period, the US dollar weakened against a basket of foreign currencies, which is usually seen as a positive sign for scarce assets like BTC.

Investors are now puzzled as to why Bitcoin hasn’t reacted positively to the declining DXY and what could be the next factor to trigger a decoupling from this trend.

US Dollar Index (DXY, left) vs. Bitcoin/USD (right). Source: TradingView / Cointelegraph

Up to mid-2024, the US Dollar Index (DXY) had an inverse relationship with Bitcoin’s price, meaning the cryptocurrency often rose when the dollar weakened. During that time, Bitcoin was widely viewed as a hedge against inflation, thanks to its lack of correlation with the stock market and its fixed monetary policy, similar to digital gold.

However, correlation does not imply causation, and the past eight months

Read More at https://cointelegraph.com/news/bitcoin-price-fails-to-go-parabolic-as-the-us-dollar-index-dxy-falls-why?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742299378993&utm_campaign=rss_partner_inbound

Bitcoin (BTC) has fallen 12% since March 2, when it nearly reached $94,000. Interestingly, during the same period, the US dollar weakened against a basket of foreign currencies, which is usually seen as a positive sign for scarce assets like BTC.

Investors are now puzzled as to why Bitcoin hasn’t reacted positively to the declining DXY and what could be the next factor to trigger a decoupling from this trend.

US Dollar Index (DXY, left) vs. Bitcoin/USD (right). Source: TradingView / Cointelegraph

Up to mid-2024, the US Dollar Index (DXY) had an inverse relationship with Bitcoin’s price, meaning the cryptocurrency often rose when the dollar weakened. During that time, Bitcoin was widely viewed as a hedge against inflation, thanks to its lack of correlation with the stock market and its fixed monetary policy, similar to digital gold.

However, correlation does not imply causation, and the past eight months

Read More at https://cointelegraph.com/news/bitcoin-price-fails-to-go-parabolic-as-the-us-dollar-index-dxy-falls-why?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742284683293&utm_campaign=rss_partner_inbound