Bitcoin: Kraken Exchange Rises as a Formidable Competitor to Coinbase

In the competitive world of cryptocurrency exchanges, Coinbase has long held the top spot in the US by daily trading volume. However, Kraken Exchange, founded by Jesse Powell in 2011, is giving Coinbase a run for its money. This article summarizes five ways in which Kraken is making waves in the cryptocurrency market, particularly focusing on its emphasis on security.

5 Ways Kraken Exchange Is Giving Coinbase a Run for its Money

Coinbase is the leading crypto exchange in the US by daily trading volume and is publicly traded on Wall Street. But far out in Silicon Valley, Kraken is making waves. Kraken, founded by Jesse Powell in 2011, has developed a reputation for being a secure platform to trade cryptocurrencies. After the collapse of Mt. Gox, which lost 650,000 BTC worth $56 billion today due to a hack, Powell aimed to provide a more secure solution for the Bitcoin sector.

Bitcoin Price Analysis: Will the $80K Support Level Hold BTC After Recent Rejection?

Bitcoin’s price was rejected this week after briefly breaking above the 100-day MA, signaling a false breakout and insufficient bullish momentum. The asset now faces a substantial support range at the $80K mark, including the 0.5 ($84K) – 0.618 ($78K) Fibonacci retracement zone, which is expected to hold the price in the short term. This crucial region may lead to a new consolidation phase around $80K.

Bitcoin Hits Key Rally Zone – Is a Breakout Coming Soon?

Bitcoin [BTC] has shown clear signs of exhaustion in the market, dropping slightly by 0.84% over the last 24 hours. However, several indicators suggest that a rally is near, with Bitcoin potentially extending its move further. One critical metric aligning with the bullish narrative is the sell-side ratio, which compares investor spending within a specific period to the realized market capitalization. Currently, the sell-side ratio is at 0.086%, historically signaling the start of a major price rally when it drops to the 0.1% region or below.

Exclusive Interview: Arthur Hayes on Bitcoin Reserve, Meme Coins, and Trade Wars

In an exclusive interview with Cryptopolitan, Arthur Hayes, CIO of Maelstrom and co-founder of BitMEX, discussed the future of BTC and its challenges. Hayes warned that the mainstreaming of Bitcoin through ETFs, institutional adoption, and political backing could strip it of its rebel DNA. He also speculated that China might be ahead in the BTC accumulation race, hinting at Bitcoin becoming a weapon in the new Cold War amid rising US-China tensions and tariffs. However, Hayes did not complete his thought regarding the potential impact of mainstreaming on BTC’s rebel DNA.

Bitcoin Market Correction Signs Emerge as Short-Term Holders Face Losses

Bitcoin’s market dynamics are hinting at a potential correction. The annualized Sharpe Ratio has dipped to neutral levels, indicating consolidation amidst waning risk-adjusted returns. Additionally, the STH SOPR has fallen below 1, suggesting losses for short-term holders. This has led to increased market uncertainty and traders are left grappling with whether the recent signals point to consolidation or something more significant.