JPMorgan Analysts Say Bitcoin Is Cheap Compared to Gold, Estimate $170K Fair Value

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Asia Morning Briefing: BTC Steadie

The post Galaxy Digital transfers 900 Bitcoin to newly created wallet appeared on BitcoinEthereumNews.com. Key Takeaways Galaxy Digital transferred 900 Bitcoin, worth about $82 million, to a newly created wallet. The transaction is part of a pattern of significant Bitcoin movements among major players. Galaxy Digital, a digital asset management firm, transferred 900 Bitcoin to a newly created wallet today, according to data tracked by Lookonchain. The transaction highlights continued large-scale Bitcoin movements by major players in the crypto market. Galaxy Digital operates as a cryptocurrency-focused firm providing trading, investment, and blockchain technology advisory services to institutional clients. Earlier this year, the firm executed a historic 80,000 Bitcoin sale for a Satoshi-era crypto whale. Bitcoin was trading at $90,271 at the time of reporting, with high volatility as investors brace for the upcoming FOMC meeting. Source: https://cryptobriefing.com/galaxy-digital-transfers-900-bitcoin-new-wallet/

The post DOGE ETF Hype Fades as Whales Sell and Traders Await Decline appeared on BitcoinEthereumNews.com. Leading meme coin Dogecoin (DOGE) has struggled to gain momentum despite excitement surrounding the anticipated launch of a US-listed Dogecoin ETF this week. On-chain data reveals a decline in whale participation and a general uptick in coin selloffs across exchanges, hinting at the possibility of a deeper price pullback in the coming days. Sponsored Sponsored DOGE Faces Decline as Whales Hold Back, Traders Sell The market is anticipating the launch of Rex-Osprey’s Dogecoin ETF (DOJE) tomorrow, which is expected to give traditional investors direct exposure to Dogecoin’s price movements.  However, DOGE’s price performance has remained muted ahead of the milestone, signaling a lack of enthusiasm from traders. According to on-chain analytics platform Nansen, whale accumulation has slowed notably over the past week. Large investors, with wallets containing DOGE coins worth more than $1 million, appear unconvinced by the ETF narrative and have reduced their holdings by over 4% in the past week.  For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. Dogecoin Whale Activity. Source: Nansen When large holders reduce their accumulation, it signals a bearish shift in market sentiment. This reduced DOGE demand from significant players can lead to decreased buying pressure, potentially resulting in price stagnation or declines in the near term. Sponsored Sponsored Furthermore, DOGE’s exchange reserve has risen steadily in the past week, suggesting that more traders are transferring DOGE to exchanges with the intent to sell. As of this writing, the altcoin’s exchange balance sits at 28 billion DOGE, climbing by 12% in the past seven days. DOGE Balance on Exchanges. Source: Glassnode A rising exchange balance indicates that holders are moving their assets to trading platforms to sell rather than to hold. This influx of coins onto exchanges increases the available supply in…