As Bitcoin teases the psychological barrier of $30,000, enthusiasts and analysts appear to be closely watching every price movement. The general sentiment so far seems to be not a question of ‘if’ but ‘when’ BTC will make its way past this significant mark. Glassnode founder, aptly named “Negentropic”, recently shed some light on Bitcoin’s current…
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Terra Luna Classic (LUNC), the cryptocurrency that powers the original Terra blockchain that saw a spectacular blow up in May 2022 after is UST algorithmic stablecoin lost its 1:1 peg to the US dollar, is lagging the broader market on Thursday. Last at around $0.000055 per token and a market cap of around $380 million,…
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Bitcoin edged slightly higher on Thursday, following comments from the Chair of the U.S. Securities and Exchange Commission (SEC), Gary Gensler. Gensler said the commission was currently reviewing eight to ten applications from firms looking to launch a bitcoin exchange-traded-fund (ETF). Bitcoin Bitcoin snapped a two-day losing streak on Thursday, as markets reacted to comments…
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Following recent geopolitical events, the correlation between gold and Bitcoin prices has once again come under scrutiny by market analysts. Here’s a comprehensive dive into the relationship and its implications. The Gold And Bitcoin Correlation After the recent Israel-Hamas war, gold experienced a rapid uptick in its price. This shift interestingly mirrored movements in the…
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Bitcoin price is slowly moving lower below the $28,500 level. BTC could drop toward the $28,000 level or the 100 hourly SMA before the bulls take a stand. Bitcoin is struggling to gain traction for a move above the $28,500 level. The price is trading above $27,750 and the 100 hourly Simple moving average. There…
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Tesla held onto its sizeable Bitcoin bags in the third quarter and upped its spending on artificial intelligence and research and development. Electric vehicle maker Tesla made no changes to its sizeable Bitcoin (BTC) holdings — the fifth quarter in a row — though it has directed more funds to double its computing capacity amid…
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A rare bullish crossover between two on-chain metrics could soon be forming for Bitcoin. Here’s when this analyst believes the cross would happen. Bitcoin Realized Prices Of Two UTXO Age Bands Are Moving Towards A Cross As explained by an analyst in a CryptoQuant Quicktake post, a bullish crossover is expected to happen soon for…
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Blue-chip cryptocurrencies are trading flat/with a modestly negative bias on Wednesday, as traders weigh up optimism regarding potential near-term approvals of spot Bitcoin ETF applications in the US against macro headwinds as US yields rise on strong US data. Bitcoin (BTC) was last trading in the $28,300s, down around 0.5% in the past 24 hours…
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Bitcoin stalled in today’s session, as traders consolidated gains, following a recent two-month high. The global market cap is trading 0.01% lower as of writing, with the cryptocurrency remaining above the $28,000 level. Ethereum has been marginally higher, and continues to hover around the $1,580 region. Bitcoin Bitcoin bulls consolidated recent gains on Wednesday, as…
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In a recent trend evident on crypto charts, Bitcoin dominance is once again on the rise, prompting some traders and investors to rethink their strategies concerning altcoins. An in-depth analysis of the data, coupled with insights from prominent crypto analysts, unveils several compelling reasons to exercise caution when considering an altcoin purchase at this moment.…
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