We're Repeating The 2017 Bitcoin Bull Cycle

The 2017 Bitcoin bull market was a wild ride, with prices soaring from under $200 to nearly $20,000. As we look at the current market, many are wondering if we might see a similar surge again. In this article, we’ll explore the data and trends that suggest we could be on the brink of another massive bull cycle.

Key TakeawaysThe current Bitcoin cycle shows strong correlations with the 2017 cycle.Historical data indicates potential for significant price increases.Investor behavior patterns are mirroring those from previous cycles.Understanding Bitcoin Bull Cycles

Bitcoin has had several bull cycles, each with its own unique characteristics. The most notable was in 2017, where the price…

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Berachain gets flooded with $1.6B in pre-launch liquidity

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As the hyped Berachain L1 gears up for a mainnet launch, an astounding $1.6 billion of liquidity has been deposited into “Boyco,” Berachain’s pre-launch liquidity platform on Ethereum. This flood of liquidity from airdrop farmers would technically make Berachain the 10th largest blockchain by TVL today.

In the past week, four Berachain Pendle pools (by Ethena and Etherfi) have already amassed a collective $515 million in TVL. This dwarves the entire TVL of its main competitor Spectra, which has shot up to $225 million since December.

Source: DefiLlama

The largest Berachain Pendle…

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Daily US Bitcoin ETFs Net Flow Analysis (As of On January 14, 2025)

On January 14, 2025, the U.S. Bitcoin ETFs experienced a significant net outflow totaling 2,245 BTC, equating to approximately $218.4 million in market value. This reflects a day marked by substantial withdrawals across various funds.

BlackRock’s Bitcoin ETF (Ticker: $IBIT) saw the most substantial gain for the day, adding 318 BTC to its holdings. Grayscale’s GBTC (Ticker: $GBTC) also experienced an inflow, albeit modest, gaining 117 BTC.

Conversely, Fidelity’s Bitcoin ETF (Ticker: $FBTC) faced the largest outflow, losing 1,223 BTC. ARK’s Bitcoin ETF (Ticker: $ARKB) also reported a significant decrease, with a reduction of 998 BTC. Invesco Galaxy’s Bitcoin ETF (Ticker: $BTCO) saw a considerable decrease as well, losing 257 BTC. Bitwise’s Bitcoin ETF (Ticker: $BITB) reported a loss of 201 BTC.

Other funds such as VanEck’s (Ticker: $HODL), Valkyrie’s (Ticker: $BRRR), Grayscale’s BTC fund (Ticker: $BTC), and Franklin Templeton’s (Ticker: $EZBC) showed stability with no changes reported.

This day’s net flow highlights a cautious or bearish sentiment among investors, with significant outflows from some leading funds balanced by smaller inflows into others, demonstrating a dynamic and responsive Bitcoin ETF market environment.

Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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ICF reports on cross-chain progress

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The ICF’s 2024 Cross-Chain Interoperability Report highlights the growth of cross-chain ecosystems, the role of key interoperability protocols and emerging trends shaping the future of decentralized networks.

As of October 2024 (the latest data the ICF included), total transaction volume across the top interoperability protocols exceeded $41 billion. Ethereum continues to dominate flows in nominal terms, leading both outflows (47.9%) and inflows (38.9%) across various blockchains. 

The most active cross-chain route is from Ethereum to Arbitrum, the report notes, with a total volume of…

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LATEST: New York and Bank of England Work Together on Crypto Regulations

The New York Department of Financial Services (NYDFS) has joined forces with the Bank of England (BOE) to introduce the Transatlantic Regulatory Exchange (TRE). This innovative partnership aims to synchronize global crypto regulations, fostering innovation while enhancing consumer protection in the digital asset space. The TRE will facilitate a staff exchange program starting in February, allowing regulatory experts from both organizations to share insights and strategies.

Through this initiative, seasoned professionals in digital payments and distributed ledger technology will participate in cross-border knowledge sharing. This collaboration will last up to a year, with the potential to extend, ensuring a profound integration of regulatory expertise. Participants will then reintegrate into their respective agencies, equipped to implement advanced regulatory frameworks that address the nuances of emerging financial technologies.

Sarah Breeden from BOE and NYDFS Superintendent Adrienne A. Harris have expressed their enthusiasm for the TRE’s potential to bolster financial stability and regulatory clarity across the financial sector. This initiative underscores the commitment of both New York and London to leading the charge in creating a safe, innovative, and transparent global financial ecosystem.

Source

Syria Exploring The Embrace of Bitcoin

Syria’s economy is in a bad state, to put it very mildly. Not only has the Middle Eastern nation been battered by over a decade of war, the Assad regime, which has been in power since 1971, has now been overthrown by a jihadist group. The conflict, which began in 2011, has devastated infrastructure, displaced millions, and led to economic sanctions from Western nations. These factors have crippled the local economy and trade, leading to severe inflation. The Syrian pound (SYP), which was once relatively stable, has lost over 99% of its value since the war began whilst hyperinflation has turned basic goods, like bread and fuel, into luxuries for ordinary citizens.

In the face of these…

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