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BTC Down 8% This Week, Slightly Up Over Past 30 Days

Bitcoin’s price continued to bounce around $40,000 this week, with an 8% drop over the last seven days but a slight positive increase when looking at the past 30 days. Plus, a conversation about momentum signals and the 100-week moving average as “All About Bitcoin” host Christine Lee presents the “Chart of the Day.”

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BTC Withdrawals Signal Possible Bull Run Ahead

The current rate at which bitcoin is being withdrawn from exchanges resembles that of May and September 2020 and September 2021, possibly indicating a bull case for BTC. Plus, a conversation about on-chain activity and sell-side risk as “All About Bitcoin” host Christine Lee presents the “Chart of the Day.”

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BTC Jumps Above $41K, Correlation with Nasdaq Increasing

CoinDesk Markets Reporter Damanick Dantes discusses bitcoin’s increasing correlation with tech stocks and the Nasdaq 100. Plus, insights into the potential market impact of the Luna Foundation Guard’s BTC purchases, and the current sentiment among traders in the options and futures markets.

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BitPay Co-Founder on Launching Bitcoin Lightning Network Payment Services

BitPay co-founder Tony Gallippi discusses the crypto payment company’s newly added support for transactions on the Lightning Network, offering increased speed and efficiency. Plus, the growth of crypto payments in emerging markets, tax implications and bitcoin's varying use cases. 

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Former Ethereum Developer Virgil Griffith Sentenced to 5+ Years in Prison for North Korea Trip

CoinDesk U.S. Regulatory Reporter Cheyenne Ligon discusses the sentencing of former Ethereum developer Virgil Griffith, who will be serving over five years in prison for breaking international sanctions during his 2019 trip to Pyongyang. Ligon discusses her take on the purpose of Griffith’s trip to North Korea, his role in the Ethereum Foundation, and the atmosphere in the courtroom. 

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Medley Global Advisors Exec on BTC Price Outlook As CPI Jumps 8.5% in March

Medley Global Advisors’ Ben Emons discusses BTC price action as the Consumer Price Index (CPI) reaches a 40-year high of 8.5%. Emons explains bitcoin’s connection to inflation and the idea of “digital inflation,” noting the economic impact of rising gas prices.

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Bitcoin Held by Funds Drops Over $240M Ahead of CPI Release

A ByteTree Chart shows the number of coins held by U.S. and Canadian closed-ended funds, and Canadian and European ETFs have dropped by almost 5,800 BTC, worth $243 million, ahead of the CPI release.

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BTC Approaching $37-$40K Support Following Bitcoin 2022 Conference

Arca’s David Nage discusses his take on why BTC is approaching a support zone of only $37-$40K amid the excitement of the Bitcoin 2022 conference in Miami and the Luna Foundation Guard’s ongoing BTC purchasing spree. Nage tells why bitcoin is a “supply and demand asset,” noting possible sell-offs as investors prepare their taxes.

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How ‘Taro’ Could Bring Stablecoins and NFTs to Bitcoin

CoinDesk Research Analyst George Kaloudis discusses the announcement of the Taproot-powered protocol Taro (Taproot Asset Representation Overlay). Kaloudis explains Taro’s potential to bring new assets like stablecoins and NFTs to the Bitcoin network and its proposed use of “embedded consensus” technology.

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BTC’s 60-Day Correlation With S&P 500 Nears All-Time High

A chart from CoinMetrics indicates bitcoin’s 60-day correlation with the S&P 500 is nearing its all-time high after a dip in late February. Plus, the dollar index (DXY) reaching two-year highs today as “All About Bitcoin” host Christine Lee presents the “Chart of the Day.”

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