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U.S. Institutions Are Driving Bitcoin Prices, Matrixport Research

[Jan 27, 2023 5:00 PM] Bitcoin prices have been on the rise in the last couple of weeks and the digital asset has been able to return to its November 2022 levels. This has been a much-needed boost for the market during this time, but an unexpected investor group is…

Bitcoin Supply In Loss Hits A 9-Month Low

[Jan 27, 2023 3:50 AM] According to on-chain data from CryptoQuant, a blockchain analytics platform, the Bitcoin supply in loss with the seven-day moving average stands at 32%, a nine-month low. This is the lowest level since April 2022, when the Bitcoin price was…

CryptoQuant’s Bitcoin PnL Index Forms Bullish Crossover

[Jan 26, 2023 7:18 AM] CryptoQuant’s Bitcoin on-chain PnL index has surged above its 365-day MA recently, a crossover that has historically signaled early bull markets. Bitcoin On-Chain PnL Index Has Formed A Bullish Crossover As per data from the on-chain…

Here’s Why The Bitcoin Price Rally Stalled For Now

[Jan 25, 2023 6:30 AM] The Bitcoin price rally has stalled for five days now. After BTC experienced a furious surge from $21,000 to $23,000 last Friday, the price is now in a consolidation phase. The reasons for this are diverse. As NewsBTC reported, Bitcoin’s…

Bitcoin Bull Trap Or Bull Run? This Is What Glassnode Says

[Jan 24, 2023 3:00 AM] The Bitcoin price is up 40% year-to-date (YTD) and has recaptured the $23,000 level. However, with ongoing concerns around DCG and Grayscale as well as macroeconomic uncertainties, many investors doubt the sustainability of the recent price rally…