Bitcoin OG selling eases as dormant BTC movement hits 4-year low: Galaxy

Dormant BTC activity fell to its lowest level since Q3 2022, suggesting long-term holders have slowed distribution after heavy profit-taking.

Dormant BTC activity fell to its lowest level since Q3 2022, suggesting long-term holders have slowed distribution after heavy profit-taking.
US economists lowered their recession odds to 25% while raising inflation forecasts, according to a Wall Street Journal survey, leaving the Federal Reserve little room to cut interest rates this year. The shift matters for crypto markets. A higher-for-longer Fed removes the catalyst that risk assets had counted on for a second-half recovery. Survey Points…
Malaysian authorities have revoked the business license of Network School, a technology community founded by former Coinbase CTO Balaji Srinivasan. The decision followed scrutiny over alleged links to Israeli participants. However, local officials said they cancelled the license over business and premises violations. The Iskandar Puteri City Council ordered NS0 Malaysia Sdn Bhd to stop…
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Add ZyCrypto News On Google BlackRock CEO Larry Fink expressed renewed optimism about financial markets over the coming year, while also offering a more constructive assessment of Bitcoin, saying the cryptocurrency market has become more stable following the removal of excessive leverage. Speaking in a CNBC interview, Fink said, “I’m very bullish on the markets…
HYPE loses its uptrend as traders watch $47-$54, $38-$43, and $34 support zones after warning of deeper sell-off risk. HYPE has lost its uptrend, shifting trader attention to lower support zones and possible downside risk. Michaël van de Poppe said he will now take a more passive approach to trading HYPE. He noted that the…
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