News

Bitcoin Profit Cycle Turns Negative for First Time Since 2023: CryptoQuant

Bitcoin's profit cycle has turned negative for the first time since 2023, according to data from CryptoQuant. This shift indicates that more investors are selling at a loss rather than at a profit, raising concerns about market sentiment. The decline in profitability is attributed to various factors, including increased selling pressure and a lack of bullish momentum. Analysts suggest that this trend could lead to further price declines if it continues. The overall market is closely monitoring these developments as they may impact future trading strategies.

Read the full article: Decrypt

Bitcoin returns fail to match risks, just like 2022

Bitcoin's returns in 2023 have not compensated for the associated risks, mirroring the trends observed in 2022. Despite a notable price recovery, the volatility and potential for significant losses remain high, leading to a risk-return imbalance. Analysts highlight that investors are still grappling with the aftermath of last

DOJ Flags Three Crypto Cases in 'America First' Push Against Fraud

The U.S. Department of Justice (DOJ) has identified three significant cryptocurrency fraud cases as part of its "America First" initiative aimed at combating financial crimes. These cases involve allegations of fraudulent schemes that misled investors and misappropriated funds. The DOJ emphasizes its commitment to protecting consumers and

U.S. bitcoin ETF weekly outflows largest since November may signal BTC price bottom

Recent data indicates that U.S. Bitcoin exchange-traded funds (ETFs) experienced their largest weekly outflows since November, totaling approximately $70 million. This trend may suggest a potential price bottom for Bitcoin, as significant outflows often precede market recoveries. Analysts are closely monitoring these movements, as they could indicate shifting investor

New Jersey Man Sentenced to 12 Years for Using Bitcoin to Pay Chinese Fentanyl Suppliers

A New Jersey man has been sentenced to 12 years in prison for using Bitcoin to pay suppliers in China for fentanyl and other synthetic opioids. The individual, identified as 36-year-old Eric D. Dwyer, was convicted of conspiracy to manufacture and distribute controlled substances. Authorities revealed that Dwyer facilitated the

Read more

Bitcoin returns fail to match risks, just like 2022

DOJ Flags Three Crypto Cases in 'America First' Push Against Fraud

U.S. bitcoin ETF weekly outflows largest since November may signal BTC price bottom

New Jersey Man Sentenced to 12 Years for Using Bitcoin to Pay Chinese Fentanyl Suppliers