Mandy Williams

New York

Reporter at CryptoPotato

Long live #crypto

Articles

Spanish Coffee Chain Vanadi Wants to Invest $1B in Bitcoin: Report

3 days ago | cryptopotato.com | Mandy Williams

The list of companies embracing bitcoin and adding the digital asset to their corporate treasuries continues to grow by the day. The Spanish coffee chain Vanadi Coffee may become the latest addition to that list if its board of directors approves a proposal to invest €1 billion (over $1.1 billion) in BTC. Local media Alicante Plaza reported that Vanadi will propose making a billion-dollar investment in bitcoin during the next shareholders’ meeting slated for June 29.
Bitcoin Sees Intense Surge in Realized Profits Following Ascent to $111K: Glassnode

3 days ago | cryptopotato.com | Mandy Williams

Bitcoin investors have been aggressively taking profits since the cryptocurrency recorded a new all-time high (ATH) above $111,000. Although the asset has retracted over the past week and has been consolidating around $105,000, traders are still offloading their bags to realize gains. This is evident in Glassnode’s Entity-Adjusted Spent Output Profit Ratio, which shows that investors are seeing a high level of profitability recorded on less than 8% of trading days.
Here Are 3 Reasons Behind ETH’s Surge Past $2.6K

3 days ago | cryptopotato.com | Mandy Williams

The second-largest cryptocurrency by market capitalization has maintained a price range between $2,500 and $2,600 for over a month. However, recent data shows that the asset has surpassed the $2,600 price mark, hovering around $2,650. Several factors have contributed to ETH’s price stabilization around this level over the past few weeks. This article highlights three key reasons. Why the ETH Increase? One potential factor is the continuous inflow to Ether-focused exchange-traded funds (ETFs).
Bitcoin Derivatives Market Shows Signs of Overheating, Further Pain Incoming? (Bitfinex)

4 days ago | cryptopotato.com | Mandy Williams

Over the last almost two weeks, bitcoin has been experiencing its first meaningful correction since the recovery from April lows. The asset has dropped about 8% from its all-time high (ATH), marking a cool-off period from what analysts at the crypto exchange Bitfinex called one of the sharpest recovery rallies in recent history. While the cryptocurrency continues to retrace its steps, the Bitcoin derivatives market is showing signs of overheating.
Older Bitcoin Holders Show Signs of Selling Exhaustion - What Does This Mean?

4 days ago | cryptopotato.com | Mandy Williams

A few days ago, analysts at the market research and intelligence firm Glassnode discovered that older Bitcoin holders were leading the sell-off that triggered BTC’s correction. Currently, it appears that this investor cohort is showing signs of selling exhaustion. Considering historical data, this development is a positive one for bitcoin’s price trajectory in the coming weeks.
Hope for Altcoins? Analysts Predict Epic Finale to This Bull Cycle

5 days ago | cryptopotato.com | Mandy Williams

A lot of market dynamics witnessed in past bull cycles have played out differently in this one. One of them is the on-chain patterns and trends that precede altcoin seasons, which refer to periods when alternative cryptocurrencies outperform bitcoin (BTC). While traders are skeptical that the market will witness an altseason before this cycle is over, analysts at the on-chain data intelligence platform CryptoQuant believe that all hope is not yet lost.
These Metrics Are Overheating While Bitcoin Remains Bullish: CryptoQuant

6 days ago | cryptopotato.com | Mandy Williams

Bitcoin (BTC) is well within a bull market, but certain metrics suggest that the cryptocurrency may have reached a short-term top. This means that BTC may experience a significant price correction before another rally ensues. A report from the market analytics platform CryptoQuant revealed that the metrics that appear to be overheating are those pertaining to Bitcoin’s demand growth. Regardless, Bitcoin’s overall conditions remain bullish, and the CryptoQuant’s Bull Score Index is at 80.
Ripple-Backed Hidden Road Unveils Crypto OTC Swaps Platform For US Institutions

1 week ago | cryptopotato.com | Mandy Williams

The digital asset infrastructure provider Ripple is gradually actualizing its vision of becoming a powerhouse for institutional liquidity flows. The firm’s recently acquired prime brokerage platform, Hidden Road, has launched a crypto over-the-counter (OTC) service for institutions in the U.S.According to an official release from Hidden Road, the brokerage will enable U.S. institutional clients to settle OTC swaps across leading cryptocurrencies with cash.
Crypto Whale Wynn Who Bet $1B on BTC Gets Liquidated for $118M Amid Price Dip

1 week ago | cryptopotato.com | Mandy Williams

The pseudonymous cryptocurrency trader, James Wynn, who bet more than $1 billion on bitcoin (BTC) about a week ago, is currently suffering losses after being wrecked for more than $118 million. This liquidation was triggered by bitcoin’s dip below $105,000 early Friday. According to data from Arkham Intelligence, Wynn has been liquidated on four positions so far, totaling 1,134 BTC (over $118.8 million).
Older Bitcoin Holders Are Spending Their BTC Again: Profit-taking or Strategic Reallocation?

1 week ago | cryptopotato.com | Mandy Williams

As bitcoin cools off from the latest rally, BTC sitting in wallets belonging to long-term holders has begun to move again. This raises the question of whether these moves are profit-taking by this investor cohort or merely strategic reallocation for further price appreciation. Data from the market research and intelligence firm Glassnode shows that the rise in spending has driven the aggregate volume from the one-year to 5-year cohorts to $4.02 billion. This is the highest level since February.