Glassnode's latest weekly on-chain report indicates that long-term Bitcoin (BTC) investors are at a several-year high and that the markets are not yet saturated with profits. According to the report of the data provider Glassnode on November 22, it seems that those long-term investors (LTH) are reducing their spending while continuing to increase their positions.
Australian Senator Says DeFi Is Here to Stay
Jane Hume, an Australian politician, spoke about decentralized finance (DeFi) at the summit in Sydney on Monday. In his speech, referring to the Reserve Bank of Australia's description of crypto money as a whim, Hume stressed that it certainly is not. He also urged policymakers to cautiously adopt blockchain technology, such as DeFi, rather than act out of fear because it won't disappear anytime soon.
Citigroup to Hire 100 People For Its Crypto Division
Citigroup has announced to hire 100 people for its new crypto team. “We believe in the potential of blockchain and digital assets including the benefits of efficiency, instant processing, fractionalization, programmability, and transparency.” stated.
Bitcoin Price Could Hit $150,000 Due to Lack of "Resistance," Analyst Says
Inside Edge Capital Management founder Todd Gordon has revealed he believes the price of bitcoin could move to $150,000 in the future, as there’s no resistance for the cryptocurrency’s price to move up after it breaks past its all-time high above $69,000.
Ether Held on Centralized Exchanges Hits 3-Year Low
Ethereum reserves continue their fall, which began earlier this year. The deceleration of ETH held on centralized exchanges indicated bullish sentiment among the digital asset's broad investor base. Despite the increase in the price of the asset in recent weeks and since then it has reached all-time highs, the ETH held on the exchanges has continued to fall.
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