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Bitcoin Records $40B+ In Capital Outflows As ‘Humpback’ Whales Intensify Selling – Details

Over the last week, the Bitcoin price has continued to see sustained selling pressure, with the flagship cryptocurrency trading around $73,400. According to recent on-chain data, changes in key market structures suggest Bitcoin might remain in this bearish state in the near to mid-term. Related Reading: Bitcoin Has Hit A Ceiling, Analyst Says No Buying Until Price Hits This Level Realized Cap Metric Reflects Growing Capital Outflows  In a recent post on QuickTake, on-chain analyst Carmelo Alemán revealed a notable decline in Bitcoin’s Realized Cap values. The analyst notes that, since January

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CryptoSlate

Next week’s CLARITY Act markup could fall apart over Trump family crypto ethics fight

The CLARITY Act is finally moving toward a long-awaited Senate Banking Committee markup next week, but its path is being complicated by a fight over whether Congress should impose new ethics restrictions on federal officials and elected leaders involved with the crypto industry. On May 7, crypto journalist Eleanor Terrett reported that the draft text […] The post Next week’s CLARITY Act markup could fall apart over Trump family crypto ethics fight appeared first on CryptoSlate.

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