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news-imageJanuary 29, 2025

Bitcoin MPI Crossover Could Suggest Bull Run Still On

On-chain data shows the Bitcoin Miners' Position Index (MPI) has recently formed a crossover that has historically been bullish for the asset's price. Bitcoin MPI Has Seen Its 90-Day MA Cross Above The 365-Day As explained by an analyst in a CryptoQuant Quicktake post, the Bitcoin MPI momentum has recently given a bullish signal for Bitcoin.
Publisher: NewsBTC
Sentiment: Positive
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cover-imageThe Currency Analytics
January 30, 2025

Czech National Bank Plans 5% Bitcoin Investment for Reserves

The Czech National Bank (CNB) is considering investing 5% of its €140 billion in foreign reserves into Bitcoin. If approved, this would make the Czech Republic one of the first major Western countries to include cryptocurrency as part of its official foreign reserve holdings.

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cover-imageThe Currency Analytics
January 30, 2025

Bitcoin's Supply Squeeze Could Fuel Price Surge

Bitcoin (BTC) has been experiencing a strong accumulation phase, with nearly 4.85 million BTC withdrawn from exchanges since 2020. This surge in withdrawals highlights an increasing trend among investors to hold onto their Bitcoin, removing it from centralized exchanges (CEX) and signaling a belief in Bitcoin's long-term value.

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