Crypto News

The US government sold 9,861 bitcoin on 14 March, netting over $215 million. 41,490 BTC remain from over 51,000 seized in November and will be sold in four batches this year. Court documents show that bitcoin is connected to the darknet market Silk Road. The US government, which says it recently sold 9,861 bitcoin ( BTC ), is reportedly looking to liquidate another 41,500 BTC before the end of the year. According to documents filed in court, the sale is for Bitcoin seized from entities connected to the infamous darknet marketplace Silk Road. The sale will occur in four batches this year. US government sold over $215 million worth of BTC Court documents show that the US government netted over $215 million when it sold 9,861.17 BTC out of the 51,351 bitcoin seized last November.  The liquidation occurred on 14 March, the court filing indicates, with this particular tranche of BTC forfeited by James Zhong following his arrest and arraignment over wire fraud related to Silk R...

Solana price is up 110% in the past three months. SOL closed in the red in February and is likely to end March 4% lower, but January ended with SOL 140% up. Crypto intelligence firm Messari has highlighted Solana’s growth potential as network navigates away from recent outages and other challenges. Solana price is negative on the monthly time frame in March, with SOL/USD at $20.88 currently seeing the token down 3% in the past 30 days. Notably, Solana price remains 80% down this past year and about 91% off its all-time highs of $260 reached in November 2021. However, the cryptocurrency is set for its best quarterly returns in nearly two years. This is despite all the downside pressure amid network challenges since late last year, with SOL’s returns over the past three months well over 100%. Messari highlights Solana growth potential Crypto market intelligence firm Messari recently highlighted Solana’s growth even as FUD spread, noting that trying to compare the blockchain to s...

The cryptocurrency market cap was around $1.24 trillion as Bitcoin price reclaimed the $28,500 level, with crypto poised to end the first quarter of 2023 higher. BTC price was up 24% in the past 30 days, and 83% up year-to-date. Crypto analyst Rekt Capital says Bitcoin is poised for a historic quarterly close, which could inform upward impetus over the next several months. #BTC is on the cusp of confirming its first Quarterly Bullish Engulfing Candle since early 2020 Historically, Quarterly Bullish Engulfing Candles have preceded multiple quarters of upside $BTC #Crypto #Bitcoin pic.twitter.com/Hyeew5HCy0 — Rekt Capital (@rektcapital) March 31, 2023 Meanwhile, bullish momentum over the past three months has also seen Ethereum price jump nearly 64% YTD. ETH with a daily close at current prices will see it end March 15% higher. The outlook for most top altcoins is the same, with XRP, Binance Coin (BNB), Polygon (MATIC) and Cardano (ADA) set to end Q1, 2023 higher. Bitco...

Ethereum Classic price is down 2.5% in the past 24 hours. ETC has failed to ride broader market sentiment, currently poised near $20. A breakdown amid increased sellig could push ETC/USD down 22% to lows of $16. Ethereum Classic ( ETC ) has not had a good March as has some of the top cryptocurrencies, including the top two of Bitcoin (BTC) and Ethereum (ETH). As BTC flirted with resistance around $29,000 on Thursday, and ETH price consolidated near $1,800, Ethereum Classic price looked primed for fresh losses at $20. ETC is flat on the weekly time frame and negative this past 30 days. ETC price: bulls need to hold $20 or risk double digit decline The Ethereum Classic price outlook on the daily chart has the ETC/USD pair rejecting at the key supply zone just above $20. The macro downtrend remains in place as bears push bulls from the resistance line of the long term symmetrical triangle pattern. Ethereum Classic price chart. Source: TradingView The daily RSI is almost flat a...

Bitcoin is on track for its third consecutive month of positive gains as investors continue to see it as a hedge against the recent bank failures . Bitcoin has been breaking up with equities What’s more interesting is that it’s no longer trading in lockstep with the S&P 500. In fact, data from Coin Metrics suggests the correlation between Bitcoin and equities is now the weakest since September 2021. That makes sense, of course, considering its valuation is not coupled with earnings growth as in the case of equities. According to Alex Thorn of Galaxy Digital: The correlation data shows that, at least recently, Bitcoin has indeed performed more like a safe-haven asset than a risk asset. Bitcoin is currently up about 70% for the year. Bitcoin is making a bond again with gold On the flip side, the banking crisis has helped Bitcoin reestablished the correlation it once shared with gold. That also signals its now regaining the status as a “ risk-off ” asset. Thorn added: Given...

Tezos price is poised between key suppport around $0.97 and major resistance at $1.28. XTZ bulls could target $2 in April if price breaks higher, or seek support at $0.70. The Tezos blockchain welcomed its 13th network upgrade dubbed Mumbai. The price of Tezos ( XTZ ) is down roughly 6.2% in the past 30 days, with declines of 1.2% seen in the past 24 hours. The market has largely been stable as far as XTZ price goes, with XTZ/USD hovering just above $1.10 since the retreat from highs of $1.50 in February. Tezos price is down 70% this past year, and more than 87% off its all-time highs of $9.12 reached in early October 2021. Tezos’ Smart Rollups go live via 13th protocol upgrade Tezos is a proof-of-stake (PoS) blockchain designed to be self-evolving or self-amending with adoption.It means the blockchain undergoes several upgrades as it looks to increase security and decentralisation.  Tezos’ liquid proof-of-stake consensus mechanism allows for the staking of XTZ, which is ...

1inch price broke higher on Thursday, rising by more than 10% on the day as 24-hour gains hit 16%.  A bullish scenario for 1INCH could see its price break to $1 in the short term.  The bearish case could materialise if sellers target $0.48.  1inch (1INCH) price is up 16% in the past 24 hours as of 8:45am ET on Thursday, with the cryptocurrency seeing huge buying pressure to invalidate a bearish formation that appeared after breaking lower mid-March . The 1INCH/USD pair is trading at its highest price level since 1 March, and the last 24 hours have been the best for bulls since 21 February 2023. 1INCH price breakout – what’s the short term target? The bounce from lows of $0.48 on Monday had the 1INCH/USD pair just shy of the $0.60 resistance level, with the technical picture suggesting bulls have taken control. Indeed, the bullish breakout has 1INCH price sporting a 4% green candle on the hourly time frame as prices of major coins reclaim key levels. As can...

Bitcoin addresses holding 10 or more BTC grew 71% in just over a year. According to on-chain data, 10,279 new BTC wallets joined the cohort holding 10+ bitcoin between February 2022 and March 2023. Wallets with 10-100 bitcoin cumulatively hold over 4.4 million BTC, or roughly 23% of supply. While cryptocurrency prices fell sharply as the bear market of 2022 saw massive contagion across the industry, the number of addresses holding 10+ bitcoins kept rising. Wallets in this category grew 71% between February 2022 and March 2023. 10.3k addresses with 10+ BTC added since February 2022 According to the latest data from crypto analytics platform Santiment, the number of addresses with more than 10 BTC have increased by 10,279 since February 2022. Per the data, total bitcoin holdings within this cohort remain largely stagnant. However, a 71% increase in the amount of addresses for the past year or so sees these wallets’ overall holdings approach the all-time highs reached in 2019....

Mike Novogratz is bullish on crypto, particularly the top two coins Bitcoin and Ethereum. The Galaxy Digital CEO says BTC and ETH been best risk-adjusted investments over the last few years. He also suggested during the company’s earnings call that the US risks losing its place as finanial and innovation leader. Galaxy Digital CEO Mike Novogratz says crypto is in “a good moment” highlighting the fact that Bitcoin and Ethereum have been the best risk-adjusted investments in the world over the past few years. The billionaire investor said this while commenting on the crypto market outlook during Galaxy Digital’s earnings call . He said: “I  look right now and say, “What’s the good?” Bitcoin is trading over $27,000, Ethereum over $1,700. On a risk-adjusted basis, that’s volatility adjusted, Sharpe ratio adjusted, Bitcoin and Ethereum have been the two best-performing assets in the world this year. They’ve been the two best-performing assets in the world over the last two year...

Bitcoin has recovered from lows of $26,690 reached after Binance-related regulatory news. XRP has outperformed after breaking above $0.50, while Ethereum reclaims $1,800. Bitcoin faces tough resistance at $28k-$30k. Bitcoin price is back above $28,000, trading as high as $28,600 on Wednesday morning as crypto looked to shake the downward pressure injected by this week’s regulatory related news. After the BTC price fell to lows of $26,690 following the CFTC charge against Binance CEO Changpeng Zhao and his crypto exchange, bulls have managed a 6% jump in the past 24 hours to push Bitcoin to the crucial $28,000 level. The gains for BTC have also come amid a broader crypto market upside, as traders shed the regulatory anxiety amid news that Hong Kong regulators were looking to make the city state a digital asset hub by encouraging banks to extend finance services to Bitcoin and cryptocurrency companies. Bitcoin bulls now face the task of breaching the thick resistance wall betwee...

XRP price rose nearly 10% to highs above $0.50 on Tuesday. Ripple is set for a court decision in its battle with the SEC, with social dominance for XRP rising. XRP price is up amid increased volume, with support for the XRP/TUSD pair on Binance added on 29 March. The price of XRP soared nearly 10% on Tuesday morning to break above $0.50 for its highest level since early November. The XRP price is up 32% this past week. XRP’s gains came as the broader cryptocurrency market endured yet another slow day, with action muted as the community digested recent news around major cryptocurrency exchange Binance.  As of 11 am ET on 28 March, the XRP token traded at $0.5045, the highest price for the Ripple cryptocurrency since 5 November 2022 when it sharply dropped from above 50 cents to lows of $0.33. XRP price outlook amid volume spike Today’s upside comes after a week of growing positivity for XRP, with expectations over the SEC vs. Ripple Labs case helping return huge volume to...

The three German scientists formed ZeroSync Association to bring Zero-Knowledge Proofs to Bitcoin. The association has received sponsorship from Geometry Reaserch and StarkWare Industries. Geometry Reaserch is a crypto investment firm while StarkWare Industries is the software company behind StarkNet. Bitcoin currently uses the proof-of-work (PoW) consensus mechanism which in a way limits its scalability. Its rival blockchain Ethereum also used PoW but changed to Proof-of-Stake (PoS) consensus mechanism through the Merge Upgrade . Three German computer scientists have created a Swiss non-profit association called ZeroSync Association to help bring scalability to Bitcoin using zero-knowledge proofs (zk-proofs), a cryptographic technique whose popularity on Ethereum has surged considerably. What is Zero-knowledge Proofs? Zero-knowledge Proofs, commonly referred to as zk-proofs, is a cryptographic technique that uses cryptography to prove the validity of information revealing th...

BlockFi filed for Chapter 11 bankruptcy on November 28. Some Califonia users continued to repay their loans between November 11 and November 22 Users were not notified until November 22 that they could stop repaying their Loans “until further notice.” California’s financial watchdog, the Department of Financial Protection and Innovation (DFPI), had previously suspended BlockFi’s lending license for 30 days from November 11, 2022, before later revoking BlockFi’s CFC license on December 15, 2022. BlockFi halted client withdrawals on November 2022 and requested clients to deposit funds to BlockFi wallets or Interest Accounts for lack of clarity around the FTX collapse . The crypto lender later voluntarily filed for Chapter 11 Bankruptcy on November 28, 2022, alongside its eight other subsidiaries. The DFPI claimed that BlockFi failed to “provide timely notification to borrowers that they could stop repaying their BlockFi loans.” The watchdog claims that the crypto lender did not ...

Wood says Hindenburg’s recent short report on Block was ‘wildly misleading’. She bought more than 600,000 shares of the crypto company late last week. Block shares are down well over 30% versus their year-to-date high at writing. Block Inc (NYSE: SQ) was hit hard last week after Hindenburg Research revealed a short position in the crypto company – a sell-off that Cathie Wood saw as an opportunity to expand her exposure to this stock. How many Block shares did she buy? On Thursday, the influential investor mobilized three of her exchange-traded funds to load up on 338,000 shares of Block Inc. She grilled the short seller for “wildly misleading” investors as she shared a Twitter thread from an Ark associate Maximilian Friedrich that reads: All financial services companies, including banks, encounter and combat fraud, especially during COVID – Square and Cash App are no exception, although the short report makes it sound like it. Ark spent $16 million to purchase another 263...

Disney had picked Polygon for the metaverse project. Disney was targeting NFTs for its next-generation storytelling and consumer experiences. The company is currently in the process of streamlining its business. Disney started developing a metaverse strategy in mid-2022 and announced that they would tap the Polygon blockchain for the project. Earlier in October 2021, Citi released a report saying that Disney, Electronic Arts, and WWE were set to become some of the biggest beneficiaries of non-fungible tokens (NFTs) . The company further appeared to ramp up resource deployment by posting a job post for an expert in-house counsel for DeFi and NFTs in September 2022. The person Disney was looking to hire was required to be an experienced corporate attorney who would “work on transactions involving emerging technologies, including NFTs, blockchain, metaverse, and decentralized finance.” However, according to the Wall Street Journal, Disney’s metaverse plans appeared to be still un...

Investors put $160M into crypto investment products amid concerns around traditional finance. Bitcoin recorded the largest inflows of $128 million as a six-week streak of outflows ended. Digital assets manager CoinShares also says Solana, Polygon and EXP recorded inflows. Inflows into digital asset investment products totaled $160 million last week, with the latest market report from digital assets manager CoinShares showing the largest share of inflows went into Bitcoin. CoinShares’ Digital Asset Fund Flows Weekly Report published Monday 27 March also highlighted that crypto investment products had ended a six-week streak of outflows. Digital asset investment products saw largest inflows since July 2022 According to CoinShares Head of Research James Buttefill, crypto investment products had recorded outflows totaling $408 million over the past six weeks.  However, last week saw institutional investors put the most funds into crypto-related products for the sector to regi...

Polygon Labs has announced its Polygon zkEVM is now live. MATIC, the native Polygon token is trading 8% down this past week and 3% down in the past 24 hours. The technical outlook for MATIC on the daily chart suggets bears have an advantage. Polygon price remains just above $1.08, with the cryptocurrency poised near the critical $1.00 level amid a market lull for most altcoins. But while MATIC has shed about 8% of its value over the past week, there’s a sense of positivity hovering around the Ethereum scaling project. In particular, the community is reveling in the latest development involving Polygon – the launch of the blockchain protocol’s highly anticipated zero-knowledge based network zkEVM . Polygon zkEVM mainnet beta went live at 10 am EDT and saw Ethereum co-founder Vitalik Buterin perform “the symbolic first transaction” at 10.30 am. Polygon zkEVM, which has been in development since last year, not only offers more scalability but also brings cheaper transactions to us...

Komodo is a leader in blockchain interoperability and atomic swap technology. It is the company behind the AtomicDEX app. Making AtomicDEX Mobile source code open-source makes it more trustless, secure, and interoperable. Komodo  has announced that it is open-sourcing its AtomicDEX Mobile codebase in an effort to make the application more trustless, secure and interoperable. By making it open-source, the app will be freely available and can be modified and distributed by anyone. The AtomixDEX app AtomicDEX is a non-custodial cryptocurrency wallet, crypto bridge, and cross-chain decentralized exchange combined into one application that is available on three GUIs (AtpomicDEX Web, AtomicDEX Mobile, and AtomicDEX Desktop). AtomixDEX Mobile will be one among a few of the decentralized applications that are open source contrary to blockchain protocols like Ethereum , which are open source. It is also important to note that most mobile crypto wallets in the market today use close...

MicroStrategy founder Michael Saylor announced the company had repaid the $205 million loan at a 22% discount. The company also bought 6,455 bitcoins worth $150 million. Saylor’s company currently holds more than 138,900 bitcoins. MicroStrategy, the world’s largest corporate holder of Bitcoin , has revealed it recently purchased more BTC.  The business intelligence company, founded by Bitcoin bull Michael Saylor, also announced on Monday that it had repaid the loan to the failed crypto-friendly bank Silvergate Bank. MicroStrategy repays $250 million loan, buys 6,455 BTC Saylor, referencing his company’s latest SEC filing , said that MicroStrategy has now fully repaid the $205 million loan it borrowed from Silvergate in March 2022. The company reportedly cleared the loan principal with a 22% discount, with Friday’s payoff seeing MicroStrategy clear the collateralized loan at $160 million. As a result, the company recouped its 34,619 BTC that had been pledged as collateral. ...

Key takeaways Binance has opened a regional hub in Georgia as it expands its global reach. The crypto exchange seeks to ramp up talent acquisition, promote blockchain education, and accelerate crypto adoption in the region. Binance has been active in the Georgian crypto space in recent months.  Binance expands its global reach Binance , the world’s largest cryptocurrency exchange by trading volume,  announced on Monday, March 27th, that it had opened a regional hub in Georgio. This  latest cryptocurrency news comes as the cryptocurrency exchange continues to expand its presence globally.  According to the cryptocurrency exchange, the hub would be dedicated to ramping up talent acquisition, promoting blockchain education, and accelerating crypto adoption in the region.  Binance’s Georgian division currently has 25 employees. The hub is working with the local public and private sectors to organise educational and hackathon events. Binance said it...

Wood says Hindenburg’s recent short report on Block was ‘wildly misleading’. She bought more than 600,000 shares of the crypto company late last week. Block shares are down well over 30% versus their year-to-date high at writing. Block Inc (NYSE: SQ) was hit hard last week after Hindenburg Research revealed a short position in the crypto company – a sell-off that Cathie Wood saw as an opportunity to expand her exposure to this stock. How many Block shares did she buy? On Thursday, the influential investor mobilized three of her exchange-traded funds to load up on 338,000 shares of Block Inc. She grilled the short seller for “wildly misleading” investors as she shared a Twitter thread from an Ark associate Maximilian Friedrich that reads: All financial services companies, including banks, encounter and combat fraud, especially during COVID – Square and Cash App are no exception, although the short report makes it sound like it. Ark spent $16 million to purchase another 263...

Coinbase disclosed a Wells Notice from the US Securities and Exchange Commission (SEC). A Wells Notice usually comes before an enforcement action. Coinbase CEO Brian Armstrong says the company isn’t surprised with the SEC’s move. Coinbase CEO Brian Armstrong has commented on the company’s announcement that it had received a Wells Notice from the US Securities and Exchange Commission (SEC), saying via Twitter Spaces that the exchange wasn’t entirely surprised at the regulator’s action. Coinbase had 30 meetings with SEC, without feedback As reported on CNBC on Friday morning, Armstrong and other executives say they had engaged with the SEC before. “ Over a series of 30 meetings in the last nine months, we met with the SEC and shared details of the business and answered every question ,” the Coinbase CEO said. According to Armstrong, Coinbase spent millions of dollars in legal fees as they tried to explain everything about its business, including digital asset listings and stak...

Hindenburg Research reveals a short position in Block Inc. Block says it’s exploring legal action against the short seller. Wall Street has a consensus overweight rating on Block shares. Shares of Block Inc are trading 15% down on Thursday after Hindenburg Research revealed to have taken a short position in the financial technology company. Hindenburg’s reasons for short selling Block Hindenburg says the multinational conglomerate has an enormous number of fake or duplicate accounts at its celebrated Cash App platform. More alarmingly, its research that spanned over two years alleges many of those accounts to be involved in criminal activities, including sex trafficking. The report reads: Block has misled investors on key metrics and embraced predatory offerings and compliance worst-practices to fuel growth and profit from facilitation of fraud against consumers and government. In February, Block said its monthly active users went up 16% year-on-year to 51 million in Dece...

Terra LUNA crashed last year following the collapse of its Terra UST stablecoin project. The crash was followed by a hard fork where the current Terra LUNA token was created. There is news that Terra LUNA’s founder Do Kwon has been arrested. Terra (LUNA) price has dropped by about 7% after news of the arrest of the founder of Terraform Labs, Do Kwon, surfaced. At press time, LUNA was trading at $1.31. There are reports that Do Kwon was arrested in Montenegro; something that has been confirmed by Montenegro’s minister of interior Filip Adzic through a post on Twitter. U PODGORICI UHAPŠEN JEDAN OD NAJTRAŽENIJIH SVJETSKIH BJEGUNACA Crnogrska policija lišila je slobode lice za koje se sumnja da je jedan od najtraženijih bjegunaca, južnokorejski državljanin Do Kwon, suosnivač i izvršni direktor Terraform Labs sa sjedištem u Singapuru. 1/2 — Filip Adzic (@filip_adzic) March 23, 2023 A translation of the tweet reads: “Montenegrin police have detained a person suspected of bei...

Arbitrum is transitioning into a DAO. The network’s new ARB token airdrop is now live. The new ARB token is Arbitrum’s governance token. After a number of major cryptocurrency exchanges including Binance, Huobi, Coinbase , and MEXC  promised to list the new Arbitrum ARB token, the token has already been listed on several exchanges just a few hours after the ARB Airdrop went live. The listing comes even as users face issues claiming the new tokens and multiple sites faking the Arbitrum airdrop and causing the chain to lag. However, those eligible for the token airdrop have until September 23, 2023, to claim their tokens. About 625,000 wallet addresses are eligible for the Arbitrum airdrop which will see free distribution. 12.75% (1.275 billion tokens) of the ARB token supply will be distributed in the airdrop. Arbitrum transition into a DAO Arbitrum is a layer-2 solution for Ethereum  and it has started its decentralization and transformation journey into a decen...

U.S. SEC issued a Wells notice to Coinbase on Wednesday. Coinbase chief legal officer Paul Grewal’s remarks in response. Coinbase stock slipped more than 10% in extended hours. Coinbase Global Inc (NASDAQ: COIN) is trading over 10% down in extended hours after receiving a “Wells notice” from the SEC for potentially violating U.S. securities laws. Here’s what we know so far Remember that such a notice often signals the agency’s intent to formally press charges. Still, Coinbase says the Wells notice does not provide enough information on potential violations and so it will stick to regular operations for now. The company believes these potential enforcement actions would relate to aspects of the Company’s spot market, staking service Coinbase Earn, Coinbase Prime, and Coinbase Wallet. Last month, the Securities and Exchange Commission had issued a similar notice to Paxos (blockchain infrastructure platform) as well. Chief legal officer Grewal’s remarks The news arrives abo...

The Telegram messaging app facilitates buying and selling of crypto through its @wallet bot. Telegram users can buy and sell BTC on the app’s wallet. Besides, they can also send some of the cryptocurrencies via chats. Tether’s USDT has been added to Telegram’s @wallet bot and the app’s users can now send and receive USDT via chats. The move expands Telegram’s list of allowed cryptocurrencies on the @wallet bot. Telegram’s cryptocurrency journey Telegram’s crypto journey goes back years back when the messaging app started developing the Open Network (TON) blockchain network that initially harboured the Toncoin (TON) token although the project was later abandoned in 2020 after legal battles with the US Securities and Exchange Commission (SEC). Telegram however kept the TON project alive despite abandoning the Open Network. Members of the Telegram community called The TON Foundation have since continued to advance the TON project. And although Telegram is not directly involved...

Nimiq is the first non-custodial wallet to implement gas-abstracted USDC for Polygon Gas abstraction is an innovative feature that allows blockchain users to pay required network fees using whatever token they hold in their wallet. Seamless transactions via USDC will help further adoption of digital assets as an everyday payment method. Blockchain payments provider Nimiq has expanded access to its gas-abstracted USD Coin (USDC) transactions to the Polygon network. The feature is available via Nimiq’s non-custodial wallet, the platform announced on Wednesday. Making crypto payments easy and seamless Polygon allows for gas-abstracted transactions, where users can pay network fees in MATIC even if they are sending another coin. For instance, if a user only has USDC in their wallet, they can still send payments over the Polygon network and pay network fees in MATIC – despite not having any MATIC in their wallet . Nimiq wallet has a built-in smart contract functionality, or rela...

Fluidity Money seeks to incentivize blockchain use by rewarding users when they use their crypto. The platform is offering a cashback system employing a new yield-generating mechanism. Cashback payouts are currently in stablecoins like USDT and USDC. DeFi protocol Fluidity Money has announced a cashback program that will see businesses reward their customers when they pay for goods and services using crypto. The goal is to incentivize more people into using their crypto for payments by rewarding them whenever they do so. According to Fluidity, the “spend-to-earn” program is a collaboration with enterprise crypto payments app Request Finance. Cashback payouts in stablecoins Fluidity says the new cashback program will also allow merchants to earn rewards when they integrate crypto payments. “ Request Finance helps thousands of enterprise teams and DAOs use stablecoins easily. We wanted to work with them to introduce this cashback program as a fun way of rewarding people for us...

Bitcoin is outperforming commodities and gold so far in 2023, with BTC showing a 10x outperformance of the precious metal. Mike McGlone, a senior macro strategist at Bloomberg Intelligence, says Bitcoin could be in a new super cycle. He earlier noted BTC above $25,000 demonstrated the cryptocurrency’s divergent strength. Mike McGlone, a senior macro strategist at Bloomberg Intelligence, has noted that the crypto sector could be looking at a new super cycle amid bitcoin ’s outperformance of commodities. According to the analyst, Bitcoin (BTC) is so far beating top performing commodity asset gold in 2023, with BTC up nearly 10x more to suggest the flagship cryptocurrency may be in a super cycle. BTC price is up 79% year-to-date at the time of writing. Comparatiely, gold price has only gained 5.8% YTD, currently poised around $1,942.  McGlone shared the outlook in comments shared via Twitter on Tuesday, his view of the market coming as bitcoin price continued to hover above $...