Liquidity Unexpectedly Dries Up in the Repo Market Forcing the Fed to Inject $99 Billion in a Day, Fed’s Plans to Roll Recent Repos off Balance Sheet Already Failing, This Situation Is Creating Increasingly Favorable Conditions for a Bitcoin Rally

The repo market, which is a critical piece of financial infrastructure that provides interbank liquidity, has suddenly dried up again despite the Federal Reserve injecting $500 billion this month alone as detailed in a recent Crypto.IQ article. Basically, during the Jan. 7 repo operations, the Fed offered $35 billion of liquidity, but that was far… Read more

$100 Billion Of Bitcoin Has Been HODLED For More Than a Year

Despite Bitcoin (BTC) consistently losing value during the latter half of 2019, with the price dropping from $13,800 to as low as $6,000, the amount of Bitcoin (BTC) that is being HODLED has been steadily increasing. Apparently 12.58 million Bitcoins (BTC) have been HODLED for more than a year. This represents nearly 70% of all… Read more

Ripple (XRP) Being Delisted From BITBOX Due To No Longer Meeting Listing Standards

BITBOX has announced that they are delisting Ripple (XRP), since Ripple (XRP) apparently no longer meets the BITBOX listing standards despite being the 3rd most popular cryptocurrency with a market cap in excess of $9 billion. Specifically, BITBOX says “If a coin does not meet our standards based on its performance, reliability, liquidity, or law… Read more

Tulip Trust, Bonded Courier, One Million Bitcoin, a Massive Rolling Iceberg Order: Is Craig Wright the Bitcoin Version of Dr. Evil? Or Is It All a Fantasy?

In recent months and years, Craig Wright has periodically been at the center of attention in the crypto space. Wright has claimed numerous times to be Satoshi Nakamoto, even going as far as copyrighting Bitcoin’s (BTC) code and registering Satoshi Nakamoto as his pseudonym, without giving essential proof, which would be a message signed with… Read more

Bitcoin Has a Market Cap Greater Than the Physical Money Supply of 160 Different Countries

Bitcoin (BTC) has a market cap of $131 billion as of this writing. While this may pale in comparison to the value of global equities, which is $85 trillion, or the total global debt which is $255 trillion, it is still a greater amount of money than the physical cash in most of the countries… Read more

Extreme Greed Overtakes the Stock Market as Corporate Profits And Sales Completely Decouple from Stock Prices, Suggesting That the Economic Storm That Bitcoin Has Been Waiting for Is Approaching

As of this writing, the United States stock market is hovering around new all-time highs, with the Dow Jones Industrial Average at 28,600, the S&P 500 at 3,235, and the Nasdaq nearing 9.028. However, it appears the stock market has left reality behind as shown by several key indicators flashing red, and an economic hurricane… Read more

Cryptocurrency Transaction Frequency and USD Volume Increased Substantially in 2019, Boom and Bust Bubble Cycle Diminished

According to data from Chainalysis, the total USD volume of the top 25 cryptocurrencies increased by roughly 100% in 2019, from just under $50 billion per month to just under $100 billion per month. Simultaneously, transaction frequency increased by roughly 6 million transfers per month. Previously in 2018, USD volume and transaction frequency dropped severely,… Read more

Bitcoin Hash Rate Hits New All-Time High of 119 EH/s, Infamous Mining-Based Hash Ribbons Signal Suggests a Rally Is Coming

The Bitcoin (BTC) mining hash rate hit a new all-time high of 119 EH/s on the last day of 2019, equivalent to 119,000 PH/s and 119 million TH/s. At the beginning of the year the Bitcoin (BTC) mining hash rate was 42 EH/s, meaning the hash rate rose 183% in 2019. It is curious that… Read more

Tron Foundation to Unlock 33.25 Billion Tron (TRX) on New Year’s Day, Potentially Setting the Stage for a Price Collapse

The Tron Foundation is going to unlock 33.25 billion Tron (TRX) on New Year’s Day, which is only hours away. At that point the Tron Foundation will be able to do whatever they want with these coins, which are worth $442 million at this time, which is roughly half of the value of the current… Read more

The Altcoin Boom Goes Bust: Only 48 Cryptocurrencies Have More Than $1 Million Of Liquidity, 97% Of Cryptocurrencies Have Practically No Liquidity, And Bitcoin Dominates By Far

There are thousands of cryptocurrencies in existence today. CoinMarketCap lists 4,972 different cryptocurrencies, while CoinGecko lists 6,449 different cryptocurrencies. This makes it seem like the crypto space has an endless amount of variety. However, data shows that almost all of these cryptocurrencies have practically no liquidity and are pretty much dead. Larry Cermak analyzed liquidity… Read more