Bitcoin recently experienced a huge influx of new addresses being created on its network even as its price continued to decline, according to data analyzed by crypto market expert Ali Martinez. Martinez found that over 717,000 new Bitcoin addresses were generated on September 9, marking the largest single-day surge in new wallet addresses for the…
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Bitcoin and other major cryptocurrencies are seeing little price movement today, extending the phase of low volatility that the cryptocurrency market has been seeing over the past few days. The price of Bitcoin has been hovering around $25,600 for the majority of today, slightly below the $26,000 level at which it has been trading throughout…
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Bitcoin exchange inflows have reached one-month highs according to data from Glassnode, signaling increasing selling pressure as the price of Bitcoin has fallen below $26,000. The one-day moving average of bitcoin’s exchange net flow reached $9.75 million on August 16, marking the highest level seen in the past month. Glassnode also reported that the amount…
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