Bitcoin has had a very positive couple of days as it accumulates a greater number of investors who decide to trust its potential. Are we facing an imminent bull run for Bitcoin?
Time to buy?
In recent months we have reported from CryptoTrend the various new investors who have opted for Bitcoin: MicroStrategy and Square are the most prominent.
But that’s only the superficial. On digging deeper, we came across a report from Chainalysis Markets Intel which concludes that, in addition to price increases, there has been an increase in confidence generated by the leading crypto.
Basically investors, from retailers to large hedge funds, are betting against fiat money and in favor of Bitcoin.
Ok but what does this imply? We can see these conclusions reflected in that more than 6.7 billion in Bitcoin are in the hands of companies that are listed on the stock market, according to Bitcoin Treasuries.
The above is just a small piece of evidence that Bitcoin is generating higher interest as a store of value. But, now the other question is: Should we expect a possible bull run for Bitcoin?
Just today a report was published by Glassnode entitled “The Week On-Chain”, where he noted that the growth in the number of Bitcoin whale accounts slowed throughout September.
But, beyond that, Glassnode assures that this is good for Bitcoin given that, when looking at the history of the crypto leader, “The beginning of a decline in the number of BTC whales has often meant increased interest from retail investors and the beginning of a race to the top of the market.”
What do you think? Will Bitcoin Experience a Bull Run Soon?
Governments that buy Bitcoin?
Today the well-known crypto analyst, WhalePanda, pointed on Twitter that governments around the world could start acquiring Bitcoin.
Probably reading this you have wrinkled your forehead with suspicion, you will not think. However, if we stop for a minute, perhaps the idea is not so far-fetched.
Various crypto market analysts have considered the acquisition of Bitcoin by governments as a possibility, especially as the leading crypto sets its path as a clear store of value.
Aave wants to bring DeFi closer to institutional use
Today Aave reported which would have received an investment of 25 million dollars from the companies Blockchain Capital, Standard Crypto, among others.
According to Decrypt, Stani Kulechov, CEO of the crypto protocol, “Aave raised funds from strategic investors to bring DeFi closer to institutional use and expand team size to serve growth in Asian markets”.
Ethereum sees light at the end of the crypto tunnel, right?
According to the latest DappRadar report, 96% of DeFi transactions are made on Ethereum. However, as the fever in the decentralized finance sector subsides, the use of Ethereum has declined considerably.
In this sense, the crypto market analysis firm, Santiment, found a slow, but steady drop in crypto usage since September 17.
Bad news? Not necessarily. The silver lining is that it offers calm for crypto and its development team after a hectic few months.
$ 11 million in the leading crypto of the era Satoshi moved
We recently reported on CryptoTrend that Bitcoins dating back to the Satoshi era were moved. Today again 1,000 BTC was moved to an address as noted by Kirill K, a professional cryptocurrency trader, on LinkedIn.
Obviously these are interesting news for the crypto market since they lead us to speculate on who could be the one that moved the crypto. Will he belong to the inner circle of Sathoshi Nakamoto?
In a few lines …
- Investigation details how an exploit in previous versions of Electrum allegedly generated $ 25 million in stolen Bitcoin.
- Crypto firm Grayscale Investments ad Today that Grayscale Ethereum Trust is registered under the Securities Exchange Act (SEC).
- BitMEX hires an experienced anti-money laundering specialist as its chief compliance officer in the wake of crypto charges.