Breaking Down Bitcoin’s Selling Pressure | Chart of the Day

/ Investing / By Monkey Staff / August 31, 2024

Data analytics firm Kaiko took a deep dive into the factors that are causing bitcoin’s selling pressure, including the ongoing redistribution of funds to Mt. Gox creditors and governments’ BTC holdings. CoinDesk’s Jennifer Sanasie presents the “Chart of the Day.”

#cryptocurrency #digitalfinance #finance #bitcoin #crypto
Subscribe to CoinDesk on YouTube: https://www.youtube.com/user/CoinDesk?sub_confirmation=1

Site: https://www.coindesk.com
Twitter: https://www.twitter.com/coindesk
LinkedIn: https://www.linkedin.com/company/coindesk/
Instagram: https://www.instagram.com/coindesk
Facebook: https://www.facebook.com/CoinDesk
Newsletters: https://www.coindesk.com/newsletters

CoinDesk Podcast Network: https://open.spotify.com/show/2jyIhkvAQhed8AWDZiPpSP
Markets Daily Crypto Roundup: https://open.spotify.com/show/7sDXM8BlxsUqzL2IqmLqwE

CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community.

This article was originally published by Cryptocoingrowth.com. Read the original article here.

#Bitcoin can empower the underbanked community: U.S. Senate candidate John Deaton. #electioon2024September 14, 2024
#cryptocurrency #digitalfinance #finance #bitcoin #crypto Subscribe to CoinDesk on YouTube: https://www.youtube.com/user/CoinDesk?sub_confirmation=1 CoinDesk is the leading digital media, events and information services company for the crypto… Read more: #Bitcoin can empower the underbanked community: U.S. Senate candidate John Deaton. #electioon2024
Nvidia’s growth is slowing down: What it means for AI stocks | Need to KnowSeptember 14, 2024
[embedded content] Nvidia has driven massive growth in the stock market, fueled by the demand for its AI chips. But as Nvidia’s growth slows, concerns… Read more: Nvidia’s growth is slowing down: What it means for AI stocks | Need to Know
Can Celsius Stock Rebound? Analysts See 74% Upside PotentialSeptember 14, 2024
$33.69 +0.75 (+2.28%) (As of 09/13/2024 ET) 52-Week Range $31.55 ▼ $99.62 P/E Ratio 37.02 Price Target $57.64 Add to Watchlist Celsius Holdings, Inc. NASDAQ: CELH… Read more: Can Celsius Stock Rebound? Analysts See 74% Upside Potential
Chances of 50 Basis Point Fed Rate Cut Next Week Jump to 47% | Chart of the DaySeptember 14, 2024
The odds for the U.S. Federal Reserve to cut its benchmark fed funds rate by 50 basis points are on the rise, according to CME… Read more: Chances of 50 Basis Point Fed Rate Cut Next Week Jump to 47% | Chart of the Day
Is Bitcoin a ‘Trump Trade’? | Markets DailySeptember 13, 2024
On “Markets Daily”, Kaiko Research Analyst Adam Morgan McCarthy shares his outlook on the overall crypto market under the influence of a potential Fed interest… Read more: Is Bitcoin a ‘Trump Trade’? | Markets Daily
Will September Be Harder for Bitcoin Miners?; Worldcoin Faces Scrutiny in Singapore | CoinDesk DailySeptember 12, 2024
“CoinDesk Daily” host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as a Jefferies report said that bitcoin mining was notably… Read more: Will September Be Harder for Bitcoin Miners?; Worldcoin Faces Scrutiny in Singapore | CoinDesk Daily
Bitcoin Trading Volume Jumped to $2.8T in January to August Period | Chart of the DaySeptember 11, 2024
According to data from Kaiko, BTC’s cumulative trading volume amounted to $2.87 trillion from January to August. That’s nearly 20% higher than the volume of… Read more: Bitcoin Trading Volume Jumped to $2.8T in January to August Period | Chart of the Day
Matador Resources Insiders Keep Buying Its Stock, Should You?September 10, 2024
Key Points Matador Resources is a diversified mid-cap energy play that is growing and paying dividends. Analysts are leading to the high-end range, expecting at… Read more: Matador Resources Insiders Keep Buying Its Stock, Should You?
Why a 0.50% Fed Rate Cut Could Be Bad for Bitcoin | Chart of the DaySeptember 10, 2024
The U.S. jobs report from last Friday seems to have set the stage for the Federal Reserve to start cutting interest rates but 10x Research… Read more: Why a 0.50% Fed Rate Cut Could Be Bad for Bitcoin | Chart of the Day
Crypto Holders – This Altcoin Is About to DISRUPT The Telecom Industry | ZeebuSeptember 9, 2024
🟣 Earn Passive Stablecoin Yield – Start Staking w Zeebu:https://protocol.zeebu.com?inviteCode=1054010540 Zeebu Link Tree: https://linktr.ee/zeebuofficial 🔴 Best Crypto Exchange to Buy & Trade Bitcoin: https://partner.bybit.com/b/altcoindaily💰Grab up… Read more: Crypto Holders – This Altcoin Is About to DISRUPT The Telecom Industry | Zeebu