Bitcoin addresses holding 1 BTC or more reach one million: Glassnode
[May 14, 2023 7:30 PM] Convicted buyers have bought up cheap Bitcoin as prices fell over the course of last year.
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Bitcoin, Ethereum Technical Analysis: BTC Rebounds From 2-Month Low, as Bulls Enter the Market
Bitcoin Price Dip Could Be Linked To On-Chain Activity
[May 13, 2023 5:58 AM] Bitcoin (BTC) has experienced downward price pressure in May, with the token failing to surpass the $30,000 resistance mark. This development could be linked to on-chain activities that indicate an increase in the number of Bitcoins sold on…
Bitcoin Plunges Below $27,000, Which Holder Groups Are Selling?
[May 12, 2023 12:07 PM] Bitcoin has plunged below the $27,000 mark during the past day. Here are the market segments that are possibly participating in this selloff. These Bitcoin Investors Have Been Spending Their Coins Recently In a new tweet, the on-chain analytics…
Bitcoin, Ethereum Technical Analysis: BTC Plunges Under $27,000, Hitting 7-Week Low
Total Liquidation Surpasses $140 Million As Bitcoin (BTC) Continues Downtrend
[May 12, 2023 6:40 AM] The crypto market experienced a significant downturn over the past 24 hours, leading to a total liquidation of over $140 million as Bitcoin (BTC) continues its downtrend. According to data from Coinglass, a record of approximately 57,585 traders…
Lisk Foundation To Convert 1,000 Bitcoin To ETH, Reason To Worry?
[May 12, 2023 5:50 AM] Max Kordek, the co-founder and CEO of Lisk recently announced via Twitter that the Lisk Foundation will convert 1,000 Bitcoin (BTC) to Ethereum (ETH) in the next 10 weeks, which will be held as part of the foundation’s long-term treasury. As…
Does The Bitcoin Price Dump Signal The Start Of Another Bear Market?
[May 12, 2023 4:50 AM] The last two days have been especially rocky for the Bitcoin price as it has fluctuated heavily between trying for a recovery and then crashing even further. As a result of this, the price of the digital asset has revisited the $26,000 level once…
Why Is Bitcoin And The Crypto Market Down Today?
[May 12, 2023 1:15 AM] Bitcoin price continues to fall, dragging the broader crypto market down with it. BTC is down 4.52% in the last 24 hours, while ETH is down 4.10%. With a current price of $26,289, Bitcoin records its lowest value since March 14 this year, when the…
Bitcoin Price Technical Breakdown Could Take BTC Toward $25K
[May 11, 2023 8:36 PM] Bitcoin price is moving lower below the $28,000 level. BTC is at risk of a downside break toward the $25,000 support in the near term. Bitcoin struggled to recover above the $27,500 and $27,800 resistance levels. The price is trading below $27,500…
Bitcoin Rebounds From $27,100 After Spike In Bearish Sentiment
[May 11, 2023 8:00 AM] Data shows the Bitcoin sentiment had turned quite bearish just before the asset’s price had rebounded up from the $27,100 level. Bitcoin Recovers Shortly After FUD Takes Over Market According to data from the on-chain analytics firm…
Whales Keep Buying Bitcoin, What They Might Know That You Don’t
[May 11, 2023 3:00 AM] The Bitcoin price took a major hit yesterday despite a positive surprise in the US Consumer Price Index (CPI), following a rumor that the US government sold 9,800 BTC related to Silk Road. Since then, the market has struggled to recover from the…
Bitcoin Price Turns Sell On Rallies As Bulls Struggle To Clear Hurdles
[May 10, 2023 9:03 PM] Bitcoin price is struggling to clear the $28,200 resistance. BTC is again moving lower and might decline toward the $27,000 support zone. Bitcoin attempted an upside break above $28,200 but failed. The price is trading below $28,000 and the 100…
Paypal’s Latest Report: $1 Billion in Crypto Assets, Holdings Are Predominantly BTC and ETH
[May 10, 2023 1:30 PM] Payments behemoth Paypal has disclosed in a Form 10-Q financial report filed with the U.S. Securities and Exchange Commission (SEC) that it is holding nearly $1 billion in cryptocurrency assets. This news comes on the heels of Paypal’s…
Bitcoin Supply Is Moving From American Holders To Asian Wallets: Glassnode
[May 10, 2023 12:00 PM] Data from Glassnode reveals the Bitcoin supply has been observing a shift from wallets based in America to those in Asia recently. Bitcoin Supplies Held By Asian And US Investors Have Gone Opposite Ways Recently According to data from the on-chain…
Should You Worry About Bitcoin Withdrawals On Exchanges? New Data Sheds Light
[May 10, 2023 9:00 AM] Bitcoin holders have been paying attention to the amount of BTC leaving crypto exchange platforms. Over the past week, the cryptocurrency’s liquidity has been moving, raising concerns about the stability of these venues and that marketmakers might…
Bitcoin Price Blasts Above $28,000 Following 4.9% April CPI Report
[May 10, 2023 7:28 AM] Bitcoin price may have resumed its bullish momentum, following a cooler than expected April 2023 CPI report. The Consumer Price Index, a key measure of inflation, fell to 4.9% – lower than the expected 5.0%. As a result, crypto prices are climbing…
Bitcoin, Ethereum Technical Analysis: BTC Hovers Near Key Price Floor, Ahead of US Inflation Report
[May 10, 2023 6:30 AM] Bitcoin was hovering close to a key price floor near $27,300 on Wednesday, as markets anticipated the upcoming U.S. inflation report. Consumer prices for last month are expected to remain at 5%, which could be seen as justifying the Federal…
Bitcoin Funding Rates On BitMEX Turn Deep Red, Here’s Why This Is Bullish
[May 10, 2023 6:00 AM] Data shows the Bitcoin funding rates on the cryptocurrency exchange BitMEX have turned quite negative recently. Here’s why this may be bullish. Bitcoin Funding Rates On BitMEX Have Plunged To Deep Red Values As pointed out by an analyst in a…
Bitcoin Stagnates Below $27,800 Ahead Of CPI Release, What To Expect
[May 10, 2023 1:00 AM] The Bitcoin price has failed to break above the key resistance level of $27,800 since Monday. With today’s release of the US Consumer Price Index (CPI), a directional decision may be imminent: Will Bitcoin climb again towards $30,000 or is a…
Bitcoin ‘under siege’ by BRC-20 coins as fees soar, claims analyst
[May 9, 2023 11:07 PM] Bitcoin transactions and fees are at high levels, and 400,000 of them are still unconfirmed on the blockchain.
Bitcoin Price Consolidates Losses, This Resistance Might Trigger Another Drop
[May 9, 2023 8:29 PM] Bitcoin price is consolidating losses below $28,200. BTC could start another decline unless there is a clear move above the $28,500 resistance. Bitcoin is consolidating losses and trading above the $27,000 support. The price is trading below…
Matrixport Report: Here’s What Happens To Bitcoin If Inflation Continues To Fall
[May 9, 2023 5:00 PM] As Bitcoin became a more mainstream asset, its correlation with the stock market rose which meant it has been impacted by world events to a higher degree than it did before. This is evident with the asset’s reaction to the rising inflation and the…
Bitcoin Plunge Under $28,000 Only Temporary? This Metric Suggests So
[May 9, 2023 6:30 AM] Bitcoin has now plunged under the $28,000 level, but the data of an on-chain indicator may suggest that this drop could only be temporary. Bitcoin Short-Term Holder SOPR Has Dropped Just Under The 1 Level As pointed out by an analyst in a…
Bitcoin Bears Gains Strength – Is This Renewed Downtrend or Just Correction
[May 8, 2023 8:37 PM] Bitcoin price is moving lower below $28,000. BTC is approaching the $27,000 support, below which there is a risk of an extended decline to $25,500. Bitcoin is moving lower and trading below the $28,200 pivot level. The price is trading below…
Stacks (STX) Surges 10% Due To Bitcoin Network Congestion
[May 8, 2023 9:30 AM] While the Bitcoin and crypto markets are deep in the red, one altcoin stands out today, posting a double-digit price increase: Stacks (STX). Along with the Lightning Network, the project is considered the most promising layer-2 technology for…
Bitcoin To Drop Further? Whales Show Signs Of Dumping
[May 8, 2023 8:40 AM] On-chain data shows the Bitcoin exchange whale ratio has spiked recently, something that could lead to further downside in the asset’s value. Bitcoin Exchange Whale Ratio Has Sharply Surged Recently As pointed out by an analyst in a…
Bitcoin, Ethereum Technical Analysis: BTC Extends Declines, as Markets Continue to React to Nonfarm Payrolls
[May 8, 2023 7:01 AM] Bitcoin fell below $28,000 to start the week, as markets continued to react to last Friday’s United States nonfarm payrolls (NFP) report. The payrolls report came in at 250,000 versus expectations of 180,000 jobs. Ethereum was also lower, as…
Bitcoin Block 788695: The Day Transaction Fees Took The Crown
[May 8, 2023 3:18 AM] Bitcoin, the largest cryptocurrency by market capitalization and trading volume, sets another record with Block 788695 as transactions on its blockchain network spiral out of control. Recently, there has been an alarming rise in user transactions…
Why Is Bitcoin Down Today? Crypto Market Takes Another Hit
[May 8, 2023 1:00 AM] The Bitcoin price lost 4.2% over the past weekend and slid again to $28,000. The broader crypto market is also consistently in the red. The second largest cryptocurrency by market cap, Ethereum, is down 6% since Friday. Why Are Bitcoin And Crypto…