2 days ago
The co-founders of the blockchain analysis platform Glassnode are laying out how Bitcoin ( BTC ) can reclaim six figures and more. Glassnode and Swissblock co-founders Jan Happel and Yann Alleman, who share the social media handle Negentropic, start by comparing BTC’s current situation to a similar scenario from a few years back. “Let’s look at the period from December 2020 to February 2021, which corresponds to a similar cycle phase and comparable price action. At that time, the outflow of liquidity coincided with a price correction, but network growth persisted. Likewise, when the price stabilized and a new influx of liquidity began, the price rebounded strongly.” According to Negentropic, liquidity could be the deciding factor in a Bitcoin price pump. “This suggests that we could potentially see a price pump once liquidity flows back into the market and the price does not drop to lower levels as long as network growth remains at bullish levels.” Source: Negentropic/X In an accompanying Swissblock post, the market intelligence firm suggests that profit-taking must calm down before BTC can rise again. “Profit-taking above $90,000 and near $100,000 has persisted among market participants (no surprise, as long-term holders continue to take profits). However, this selling pressure is gradually losing intensity. For price momentum to resume within the bullish territory, profit-taking must stabilize, and we need to avoid large volumes of selling that create spikes on the chart.” BTC is trading for $92,077 at time of writing, down 1.7% on the day. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Here’s How Bitcoin Could Potentially Witness a Price Pump, According to Glassnode Co-Founders appeared first on The Daily Hodl .
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Tether’s USDT Freezes Raise Questions About Privacy and Financial Surveillance in Cryptocurrency Transactions
Tether’s Financial Crimes Unit has made headlines with its stringent measures against illicit USDT transactions, emphasizing transparency in the cryptocurrency ecosystem. With nearly 50% of the $126 million in frozen The Daily Hodl
![Binance, the world’s largest cryptocurrency exchange, has obtained its 21st global regulatory authorization, this time from Banco Central do Brasil, marking a pivotal moment for crypto adoption in Latin America. The approval grants Binance a broker-dealer license in Brazil, the region’s most populous country. This milestone enables Binance to acquire Sim;paul, a São Paulo-based investment platform licensed to distribute securities and issue electronic money (EMI), as detailed in an announcement shared with Cointelegraph . With this authorization, Binance becomes the first cryptocurrency exchange to secure a broker-dealer license in Brazil. Top Crypto Exchange by Trading Volume At the time of publication, Binance maintained its lead in the market with a 24-hour trading volume surpassing $18.2 billion, nearly tripling Bybit’s $6.3 billion daily volume, according to Messari data. Brazil Leads in Crypto Regulation Brazil is advancing rapidly in crypto regulation. This latest regulatory approval follows Binance’s licensing achievements in Argentina, India, Kazakhstan, and Indonesia. “Brazil is making significant strides in crypto industry regulation,” said Guilherme Nazar, Binance’s head of Latin America. He added, “The [Brazilian] government has put forth a comprehensive proposal of rules for public consultation, and they invited both the industry and society to provide their suggestions. This collaborative approach should culminate in the publication of the final regulations by mid-year, according to central bank officials.” Latin America’s Crypto Growth Brazil ranks second in crypto adoption in Latin America, with over $90.3 billion worth of cryptocurrency value received in 2024, according to an Oct. 9 Chainalysis report. The region boasts four of the top 20 countries globally in terms of crypto adoption: Brazil, Mexico, Venezuela, and Argentina. Notably, Brazil was the first country to approve a spot Solana exchange-traded fund (ETF) on Aug. 7, 2024, setting a global precedent.](/image/6776bde0124af.jpg)
Binance Secures Regulatory Approval in Brazil, Expanding Crypto Adoption in Latin America
Binance, the world’s largest cryptocurrency exchange, has obtained its 21st global regulatory authorization, this time from Banco Central do Brasil, marking a pivotal moment for crypto adoption in Latin America. The approval grants Binance a broker-dealer license in Brazil, the region’s most populous country. This milestone enables Binance to acquire Sim;paul, a São Paulo-based investment platform licensed to distribute securities and issue electronic money (EMI), as detailed in an announcement shared with Cointelegraph . With this authorization, Binance becomes the first cryptocurrency exchange to secure a broker-dealer license in Brazil. Top Crypto Exchange by Trading Volume At the time of publication, Binance maintained its lead in the market with a 24-hour trading volume surpassing $18.2 billion, nearly tripling Bybit’s $6.3 billion daily volume, according to Messari data. Brazil Leads in Crypto Regulation Brazil is advancing rapidly in crypto regulation. This latest regulatory approval follows Binance’s licensing achievements in Argentina, India, Kazakhstan, and Indonesia. “Brazil is making significant strides in crypto industry regulation,” said Guilherme Nazar, Binance’s head of Latin America. He added, “The [Brazilian] government has put forth a comprehensive proposal of rules for public consultation, and they invited both the industry and society to provide their suggestions. This collaborative approach should culminate in the publication of the final regulations by mid-year, according to central bank officials.” Latin America’s Crypto Growth Brazil ranks second in crypto adoption in Latin America, with over $90.3 billion worth of cryptocurrency value received in 2024, according to an Oct. 9 Chainalysis report. The region boasts four of the top 20 countries globally in terms of crypto adoption: Brazil, Mexico, Venezuela, and Argentina. Notably, Brazil was the first country to approve a spot Solana exchange-traded fund (ETF) on Aug. 7, 2024, setting a global precedent. The Daily Hodl
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