Will Bitcoin observe a repeat of the rebound that took place after the crash back in March? Here’s what this on-chain metric suggests. Bitcoin Short-Term Holder SOPR Is Showing A Pattern Similar To March As an analyst in a CryptoQuant post explained, if the BTC short-term holder SOPR crosses above 1 in the coming days,…
Read more
The current sentiment among Bitcoin investors may hold the key to understanding whether the current drop is a buying opportunity or not. “Buy The Dip” Optimism Is Fading In The Bitcoin Market In a new insight post, the on-chain analytics firm Santiment has looked into how the trader sentiment has shifted in the BTC sector…
Read more
After the Bitcoin price crash last week, on-chain data reveals a picture that points to a “top-heavy” price. Glassnode’s latest insights shed light on the current market dynamics, where a significant chunk of the BTC spot supply finds itself with a cost basis either near or surpassing the prevailing price. “Here we see that 12.8%…
Read more
In the ever-evolving landscape of cryptocurrency, the price of Bitcoin price currently hovers at $26,051, experiencing a marginal decrease of 0.25% on Tuesday. While market dynamics remain fluid, recent developments and factors have caught the attention of both investors and enthusiasts. A significant development involves legalizing US sanctions against the Tornado Cash crypto platform, marking…
Read more
After last week’s sharp 10.5% decline, which marked Bitcoin (BTC)’s worst weekly performance so far this year, the BTC price has largely settled on Monday. Bitcoin was last moving sideways within thin ranges on either side of $26,000 as traders look ahead to the upcoming week…. Read More: Bitcoin Bears Eye Retest of Key $25,000…
Read more
Volatility is back for the Bitcoin price and the crypto market, but it currently favors the bears as value tumbles in the past few days. The nascent sector was moving sideways, but a liquidation cascade forced prices into critical support levels, but the worse might yet come if BTC fulfills a prophecy. As of this…
Read more
Bitcoin price just experienced one of its fastest and sharpest corrections in over a year, dropping 10% in a matter of minutes. The mass liquidations and panic from the selloff caused BTCUSD daily charts to reach the most oversold level since the COVID crash in early 2020. BTC Panic-Selling Reaches Extremes Not Seen Since COVID…
Read more
Digital asset miners are moving to other business ventures including offering high-powered technology services to artificial intelligence (AI) companies to improve earnings. A new report from JP Morgan shows that crypto-based mining firms are expanding their operations to include high-performance computing, reducing their dependency on core primary operations, cryptocurrency…. Read More: Bitcoin Miners Pivot To…
Read more
China’s economy slipping into deflation for the first time in more than two years might have negative near-term impacts on Bitcoin (BTC). In the latest episode of Macro Markets, analyst Marcel Pechman argued that deflation in China, which economists believe is an issue, would leave short to mid-term adverse impacts on Bitcoin, commodities, as well as stocks that rely…
Read more
In the dynamic realm of cryptocurrency, Bitcoin (BTC) continues to capture attention as it showcases a rise of over 0.50%, reaching $26,133 on Sunday. Notably, the support at $26,000 appears to have effectively prevented further losses for the cryptocurrency. Furthermore, the prominent entity MicroStrategy is contending with substantial unrealized losses amounting to $600 million due…
Read more
