The unlikely reality of Bitcoin as a reserve currency
CryptoSlate's latest market report dives deep into the feasibility, implications, and potential consequences of Bitcoin becoming a reserve currency in the US.
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🗞️ α Weekly Report
The unlikely reality of Bitcoin as a reserve currency
CryptoSlate's latest market report dives deep into the feasibility, implications, and potential consequences of Bitcoin becoming a reserve currency in the US.
α Weekly Research
Bitcoin’s climb above $60k causes futures open interest to surge $2B in a day
Institutional interest surges as traders bet on Bitcoin's price rebound.
Realized losses minimal despite 80% of STH supply being underwater
Shallow losses suggest confidence among Bitcoin holders despite high underwater supply.
📈 α Top Insights
Bitcoin accumulation surges as miners and retail investors show confidence
Bybit emerges as dominant exchange with $2.5 billion BTC spot volume
📖More α Research
Grayscale outflows overshadow Ethereum ETF inflows
Grayscale's massive outflows dampened the early excitement for Ethereum ETFs.
Bitcoin sees record growth in long-term holder supply
Growth in Bitcoin ETFs could be behind record increase in long-term holder supply.
Bitcoin market cautious as longs and shorts balance out
Stable long/short ratios in futures suggest balanced market sentiment as Bitcoin holds at $60,000.