The Currency analytics
By Pankaj K
Bitcoin climbed hard this week. The cryptocurrency surged 12% after getting hammered in recent sessions, with February 9 marking a pretty clear shift in how traders see things…
The rally happened right as the Coinbase Premium shot up. For folks who don't track this stuff, the Coinbase Premium basically measures how much more expensive Bitcoin trades on…
But market watchers aren't getting too excited yet. Bitcoin's been wild lately, swinging up and down in ways that catch even seasoned traders off guard.
Glassnode dropped some interesting data on February 9. The blockchain analytics firm said the Coinbase Premium Index hit its highest level in months, which backs up what traders…
The world's biggest crypto exchange reported trading volumes jumping as Bitcoin recovered. Traders were clearly active, probably trying to catch the bounce after Bitcoin's recent…
JP Morgan analysts aren't buying the hype though. The bank's crypto team warned that external factors could still wreck Bitcoin's party.
Bitcoin trades around $45,000 right now, according to CoinMarketCap. That's a solid recovery from where it was trading just days ago, but it's still way below the all-time highs…
Cathie Wood's Ark Invest made moves on February 8. The firm bought more Coinbase shares as the premium was spiking, which is pretty telling.
Kraken reported something interesting too. The exchange saw new account registrations surge over the past week.
CryptoQuant released data on February 10 showing Bitcoin reserves on exchanges dropped recently.
The crypto market remains pretty unpredictable. News moves prices fast, and sentiment can shift overnight.
The Federal Reserve's latest monetary policy signals have crypto traders parsing every word from Jerome Powell's recent statements.
Meanwhile, MicroStrategy continues building its Bitcoin treasury, with CEO Michael Saylor hinting at additional purchases during the company's latest earnings call.