An analyst has explained how a pattern forming in the Bitcoin Market Value to Realized Value (MVRV) could suggest now may be the time to buy. Bitcoin MVRV Momentum Could Reveal Buying Opportunity For BTC As analyst Ali explained in a new post on X, the MVRV Momentum has been pointing out buying opportunities for the cryptocurrency since the current bull run started. The MVRV ratio is a popular Bitcoin on-chain indicator that compares the asset’s market cap against its realized cap. The realized cap refers to a capitalization model for the asset that, in short, keeps track of the actual capital ..read more

Dogecoin is once again in the spotlight with speculation that DOGE payments are coming to X (formerly Twitter) as the platform looks to charge users a fee to post and interact on the platform. This was made public by owner Elon Musk, who said that the move was made in an effort to make sure new accounts being registered on the platform belonged to actual people. X Is Moving To Pay-To-Play In a bid to combat the growing bot problem on the X (formerly Twitter) social media platform, Elon Musk has proposed that there be a small fee for users. This fee will supposedly make it more expensive for bo ..read more

In recent developments, the US Department of Justice (DOJ) has been reevaluating its choice of law firm to oversee the cryptocurrency exchange Binance as an independent monitor.  The decision concerns the firm’s previous work for the now-bankrupt FTX exchange. The monitorships were part of the $4.3 billion deal in which Binance pleaded guilty to violating US money-laundering regulations and trade sanctions.  This development has prompted the DOJ to explore alternative options for the monitorship, while the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) intends to ..read more

Despite the active on-chain accumulation, demand for Bitcoin exchange-traded funds (ETFs) in the United States appears to have stagnated over the past four weeks, according to Ki Young Ju, the founder of CryptoQuant, an on-chain analytics platform. This assessment, the founder notes, is even when excluding ETF settlement transactions.  Spot Bitcoin ETF Demand Slumps In The United States Spot Bitcoin ETFs are crypto derivative products allowing investors, primarily regulated institutions and whales, to get exposure to the world’s most valuable coin while being saved the hassle of cust ..read more

Cross-border payment company, Ripple has sent out an urgent message to XRP members and the broader cryptocurrency community. In its message, the payments firm warns about the risks associated with crypto scams and provides valuable information on how crypto members can identify and avoid these types of risks.  Ripple Cautions About Scam Activities In a recent X (formerly Twitter) post, the Ripple team issued an urgent warning to XRP community members, informing them that neither Ripple nor its associated executives and employees will ever ask members to send XRP to them. The team proceede ..read more

John Deaton, a vocal advocate for XRP and broader cryptocurrency rights as well as current US Senate candidate, is reportedly considering involvement in Coinbase’s ongoing legal battle with the Securities and Exchange Commission (SEC). This news emerges as Coinbase seeks an interlocutory appeal to the 2nd Circuit Court of Appeals in its high-profile lawsuit against the SEC. Fox Business reporter Eleanor Terrett highlighted Deaton’s potential involvement on X, stating, “Is US Senate candidate John Deaton planning to get involved in the Coinbase case? Deaton served as amicus counsel in both the ..read more

On-chain data shows the Bitcoin whales have continued to hold onto their coins despite the fact that BTC has gone through bearish action recently. Bitcoin Whales Have Participated In Net Accumulation Since March 1st As explained by the on-chain analytics firm Santiment in a post on X, the large BTC holders in the market haven’t been shaken by the recent downturn in the price. The indicator of interest here is the “Supply Distribution,” which tells us about the total amount of Bitcoin that the various wallet groups in the sector are holding right now. Addresses are divided into these wallet gro ..read more

Key Dogecoin (DOGE) on-chain metrics recently turned bullish, suggesting that the foremost meme coin is well primed for a significant move to the upside. However, that hasn’t been the case, as Dogecoin’s price has declined lately.  Dogecoin On-Chain Metrics Are Bullish  Data from the market intelligence platform IntoTheBlock shows that 83% of Dogecoin holders are currently in profit at its current price level. Despite that, these investors have opted against offloading their tokens but have chosen to hold in anticipation of further price gains. This bullish mindset among these invest ..read more

Amidst a notable diplomatic engagement between the United States and Iraq, recent statements by Iraq’s Deputy Prime Minister Muhammad Ali Tamim have stirred speculation in the Bitcoin community regarding Iraq’s potential entry into BTC mining at a nation-state level. Will Iraq Start Mining Bitcoin? During a press conference with US Secretary of State Antony Blinken, Deputy Prime Minister Tamim discussed a range of initiatives aimed at modernizing Iraq’s energy sector and diversifying its economy. Among the topics addressed was the utilization of new technologies to capture flare gas, a byprodu ..read more

Over the weekend, the cryptocurrency markets were thrust into turmoil as escalating tensions in the Middle East sent shockwaves through global financial markets. Iran’s retaliatory drone and missile attack on Israel, following the bombing of the Iranian embassy in Syria, sparked fears of further conflict in the region. As a result, investors flocked to safe-haven assets, including cryptocurrencies, seeking refuge from the uncertainty. Amidst the chaos, Bitcoin, the leading cryptocurrency, initially saw a surge in dominance as investors sought its perceived safety. However, this uptick was shor ..read more