On-chain data shows Bitcoin has broken above these three key levels in a manner reminiscent of the rally in April 2019. The last time Bitcoin displayed a breakout above all these levels was following the black swan COVID-19 crash. Bitcoin is trading around $22,900, up 8% in the last week. ...

Bitcoin has continued with its bullishness as it surged its price above the USD$23,000 level, a positive signal amid miners reduced the sales of their mined coins. On-chain flows indicate that the amount of Bitcoin moved from Bitcoin mining addresses to wallets owned by cryptocurrency exchanges has declined to multi-year lows. ...

The global cryptocurrency market cap stands at $1.05 trillion, representing a 0.19% increase in the last day. Chiliz’s price is gaining today, reflecting the positive moves of the general market. The asset has outperformed market leader Bitcoin today, which recorded a0.02% increase. ...

SushiSwap, the sixth-largest decentralized exchange (DEX) by 24 hours trading volume, has passed a proposal to relocate 100% of its trading fees to the treasury. CEO Jared Grey voiced warnings that the exchange treasury stability is numbered as it has “only 1.5 years of treasury runway left,” despite cutting annual operating expenses from $9 million to $5 million. ...

decentralized exchange (DEX) SushiSwap will soon redirect 100% of the platform’s trading fees to its treasury for operations and maintenance. CEO Jared Grey warned that the exchange “only has 1.5 years of treasury runway left,” even after slashing annual operating expenses from $9 million to $5 million. ...

This week on The Market Report, the resident experts at Cointelegraph discuss the real reasons behind the recent price pump in the market. Can this lead to a $25,000 Bitcoin (BTC) and beyond, or will some unforeseen event ruin the party? Tune in to find out. ...