James Van Straten

Bitcoin’s Sharpe Ratio signals balanced risk-reward over five years

Quick Take A Sharpe Ratio for Bitcoin (BTC) +0.97  over the past five years presents a noteworthy observation, according to Jurrien Timmer, director of Global Macro at Fidelity. Despite the renowned volatility of Bitcoin, this ratio suggests that the digital asset has offered a close to even exchange between risk and excess return over the […]
The post Bitcoin’s Sharpe Ratio signals balanced risk-reward over five years appeared first on CryptoSlate.
Cryptocurrency

From freeze to flourish as Bitcoin hash rate showcases resilience

Quick Take The Bitcoin hash rate experienced a significant drop in the middle of January, triggered by the Texas freeze, which saw it plunge 6% from its record peak. However, this plunge was short-lived, as evidenced by Jan. 25, which witnessed the most significant single-day hash rate ever recorded, at an impressive 638eh/s, marking a […]
The post From freeze to flourish as Bitcoin hash rate showcases resilience appeared first on CryptoSlate.
Cryptocurrency

US debt spirals past $34 trillion with interest forecasted to hit $3 trillion by 2030

Quick Take The United States’ mounting debt structure currently stands at a staggering $34 trillion, according to usdebtclock.org. An escalating annualized interest accompanies this steep climb on the federal debt that exceeds $1 trillion and is projected to break through the $3 trillion threshold by Q4 2030, according to E.J. Antoni, an economist at Heritage […]
The post US debt spirals past $34 trillion with interest forecasted to hit $3 trillion by 2030 appeared first on CryptoSlate.
Cryptocurrency

Grayscale Bitcoin Trust balance sees 12% reduction as FTX bankruptcy stirs $3.5 billion outflow

Quick Take Recent data analysis from Glassnode reveals a substantial decrease in the balance of the Grayscale Bitcoin Trust ETF (GBTC), now estimated at around 553,000 Bitcoin, which is roughly 12% down from its high of 630,000 Bitcoin. A key contributing factor to this decline appears to be the increasing outflows, which have been estimated […]
The post Grayscale Bitcoin Trust balance sees 12% reduction as FTX bankruptcy stirs $3.5 billion outflow appeared first on CryptoSlate.
Cryptocurrency

Could Binance be on the verge of taking back its lead from CME in futures markets?

Quick Take The futures open interest market has witnessed a seismic shift, with CME rising to prominence, outpacing Binance to hit a 30% dominance. This ascension was propelled by the lead-up to the spot Bitcoin ETF, which saw a high of 136,000 Bitcoin allocated in CME on Jan. 10, which decreased to 112,000 Bitcoin by […]
The post Could Binance be on the verge of taking back its lead from CME in futures markets? appeared first on CryptoSlate.
Cryptocurrency

Standard Chartered: Possible $200k BTC by 2025 hinges on spot Bitcoin ETF approval

Quick Take Standard Chartered Bank’s recent report, dated Jan 8. 2024, provides an analytical perspective on a possible surge in Bitcoin’s price, contingent on the projected approval of spot ETFs by the US Securities and Exchange Commission (SEC). The report draws a significant comparison with historical gold price escalations following the approval of gold ETFs, […]
The post Standard Chartered: Possible $200k BTC by 2025 hinges on spot Bitcoin ETF approval appeared first on CryptoSlate.
Cryptocurrency

Global digital asset investments soar with $151 million inflow in first week of 2024

Quick Take The nascent year 2024 has marked a significant surge in digital asset investment products globally, amounting to inflows of $151 million in just the first week, as per the analysis by James Butterfill at Coinshares. The Grayscale vs SEC lawsuit seems to have only galvanized investors, leading to a substantial increase in inflows, […]
The post Global digital asset investments soar with $151 million inflow in first week of 2024 appeared first on CryptoSlate.
Cryptocurrency

November sees Bitcoin soar 7%, topping year-to-date highs amid U.S. bullishness

Quick Take November 2023 was another robust month for Bitcoin, which saw a surge of almost 7% over 30 days. The month was marked with several highlights, including setting a new year-to-date high by crossing the $38,000 mark. This was attributed to noticeable premiums on CME and Coinbase, signaling bullishness within the U.S. market. However, […]
The post November sees Bitcoin soar 7%, topping year-to-date highs amid U.S. bullishness appeared first on CryptoSlate.
Cryptocurrency

Binance sees whale outflows and retail inflows amidst leadership shuffle

Quick Take The current year has witnessed a unique trend on Binance, one of the world’s largest digital exchanges. By analyzing the netflows, a stark divergence can be observed with transactions of $1 million or more and those less than $1 million. Larger transactions are experiencing predominantly outflows, indicating that whales, or large holders of […]
The post Binance sees whale outflows and retail inflows amidst leadership shuffle appeared first on CryptoSlate.
Cryptocurrency

Despite record sales, Black Friday underscores Americans’ reliance on debt and credit

Quick Take According to CNBC analyst Carl Quintanilla, a staggering $9.8 billion was spent on Black Friday, reflecting a 7.5% increment from the previous year, suggesting robust consumer behavior. However, a source of concern lies in a parallel trend: many of these purchases appear to be financed through personal debt. Experian reports that the average […]
The post Despite record sales, Black Friday underscores Americans’ reliance on debt and credit appeared first on CryptoSlate.
Cryptocurrency

Bitcoin and gold show similar trends as miner shares fall behind spot prices

Quick Take CryptoSlate’s recent analysis has highlighted a growing divergence between Bitcoin miners and the spot price of Bitcoin, hypothesizing a link to the upcoming halving event next year. Intriguingly, this trend seems to echo in the world of precious metals, gold, to be precise. The spot price of gold reached $2,000 this week; this […]
The post Bitcoin and gold show similar trends as miner shares fall behind spot prices appeared first on CryptoSlate.
Cryptocurrency

Historic bubbles burst while Bitcoin bounces back

Quick Take Tulip Mania Historically, financial bubbles, once burst, have shown little propensity for recovery. The infamous Tulip Mania of the 17th century exemplifies this trend, with tulip prices soaring twenty times before crashing a staggering 99% in 1637, as reported by Investopedia. Japanese Real Estate Market The Japanese real estate market provides another poignant […]
The post Historic bubbles burst while Bitcoin bounces back appeared first on CryptoSlate.
Cryptocurrency

Record 70% of Bitcoin supply lies dormant for a year or more

Quick Take New data analysis reveals an unprecedented trend in the circulating supply of Bitcoin. A notable 70% of the supply has not been transacted within the past year, marking an all-time high for supply last active 1+ year. This cohort is experiencing an increased rate of dormancy. This trend, in large part, can be […]
The post Record 70% of Bitcoin supply lies dormant for a year or more appeared first on CryptoSlate.
Cryptocurrency