Bitcoin Miners are Now Holding BTC, Uptrend Likely in April

In brief: Bitcoin Miners’ Position Index (MPI) has been low since March 6th Bitcoin miners are now holding BTC rather than selling 90k Bitcoin options expired earlier today on Deribit, removing the anxiety of additional selling April could be a green month based on historical data Bitcoin miners are now holding their BTC rather than selling it in the crypto markets as witnessed when Bitcoin exceeded $42k. This is according to data from CryptoQuant.com that illustrates that the Bitcoin Miners’ Position Index (MPI) has been significantly low since March 6th.…

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Ethereum has Had Positive Returns for 10 of the last 12 Months

In brief: Ethereum’s monthly returns have been positive for 10 of the last 12 months Ethereum is well on its way towards closing March on a positive note The recent dip to $1,537 could set the pace for Ethereum retesting $2k in April The digital asset of Ethereum has had a volatile few days and the turmoil might have caused many traders to forget that ETH was valued at roughly $100 only one year ago. The latter price level was a result of the nerve-wracking crash of mid-March 2020, which…

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Italian Copyright Agency Selects Algorand to Create Over Four Million NFTs to Represent Author Rights

The non-fungible token fever witnessed over the last few months is catching the copyright management agencies’ attention. One of them, located in Italy, has chosen a blockchain company to create its own NFTs. SIAE Expects to Guarantee Copyright Protection With NFTs for the Next 139 Years According to the announcement, Società Italiana degli Autori ed Editori (SIAE), founded in 1883, picked Algorand to manage the rights of over 95,000 authors in the form of non-fungible tokens. Both parties had been working on the project since 2019, said Algorand. In a…

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With more options to buy Dogecoin on 1800 ATMs, more US residents will now buy DOGE

There’s some really good news coming from the United States for Dogecoin fans. Users in the US can now purchase the canine-themed cryptocurrency from 1800 ATMs in the country, courtesy of CoinFlip, an ATM provider. As per a tweet by CoinFlip, anyone who wishes to purchase DOGE in cash can visit any of the ATMs in their network. With this decision, CoinFlip will be one of the key beneficiaries of DOGE’s surging popularity.  One of the Most Famous Cryptocurrencies  Launched in 2013, Dogecoin soon became popular among the meme-loving community, thanks…

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Stock-to-flow creator doesn’t think Bitcoin’s bull market is done

Is Bitcoin’s macro upward journey over? PlanB says no. Bitcoin’s price seems to have stalled below $60,000 after attaining new all-time highs earlier in March. PlanB, a crypto analyst active on Twitter, thinks Bitcoin (BTC) may still have a lot of room to gallup however.  “IMO we are only ~4 months into the bull market and nowhere near the end of it,” PlanB tweeted on Friday. “Bitcoin is just getting started,” he added, showing Bitcoin’s current path on one of his Stock-to-Flow charts. Multiple Stock-to-Flow models exist for Bitcoin which show…

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