Connect with us

Hi, what are you looking for?

Crypto News

Crypto Market Is Recovering

Market sentiment in the United States around the crypto market is recovering, said the founder of crypto analytics portal CryptoQuant, based on the Coinbase Premium Index. For the first time since the collapse of major crypto exchange FTX, the index climbed into the green zone.

As reported by U.Today earlier, the Coinbase Premium Index helps the community understand the sentiment of large investors operating on the trading platform to professionals from the exchange of the same name. It also includes institutional investors, of which Coinbase has the majority, according to its third-quarter report this year.

The index is rising because of increased trading volume on the exchange, indicating a return of buying power and the start of the accumulation of positions in Bitcoin by these big players.

Is Bitcoin rally on the table?

The return of this crypto market weather vane to positive values is another confirmation of optimistic sentiment. It was not until two days ago that a large accumulation of Bitcoin also came to light, with almost 50,000 BTC purchased by various investors over a five-day period in late November. Even earlier, a historic high was reached in the number of wallets holding between 0.1 and 10 BTC.

The trend is clear and understandable. While fear ruled the crypto market, smart money got their bags out, caught the right moment and started buying.



The crypto market is bracing for a potential surge as the U.S. presidential election nears, with experts offering bold predictions for Bitcoin’s price trajectory....


The launch of new spot Bitcoin (CRYPTO: BTC) ETFs in January was a watershed event for the crypto industry. Arguably, it was Wall Street’s biggest new product...


US-based Wells Fargo publicly announced its spot Bitcoin ETF investments in a statement to the US Securities and Exchange Commission (SEC). On the other...

Bitcoin Mining

The mining industry for Bitcoins incurred a sizeable debt load during the bull market of 2021, which hurt their financial health during the subsequent...