While the price of bitcoin is 38% lower than its $69K price high three months ago, the amount of bitcoin on exchanges is at its lowest figure since April 2021. At the end of July last year, there was 2.59 million bitcoin held by crypto trading platforms, and today there’s only 2.36 million held by…
Read more
Cryptocurrencies were initially in the red to start the week, despite several crypto firms securing lucrative Super Bowl ad slots. Over 100 million viewers watched the “crypto bowl” advertisements, however bitcoin prices started lower on Monday. Bitcoin BTC/USD is lower for a fifth consecutive session to start the week, as markets gave up all of…
Read more
Bitcoin price failed to stay above the USD 43,200 level and extended decline. BTC traded below USD 42,000 to move into a bearish zone. It is currently (05:40 UTC) down 1% in a day and is showing bearish signs and might revisit the USD 40,000 zone. Similarly, most major altcoins are also moving lower. ETH…
Read more
On-chain metrics detect strong “sophisticated passive buying” on spot exchanges and a rise in the movements of Bitcoin to whale wallets. “Sophisticated passive buying” on Bitcoin (BTC) spot exchanges coincides with the trend of BTC leaving exchanges to cold storage. Adjusted Bitcoin supply shock. Source: Willy Woo The price recovery witnessed in the Bitcoin market…
Read more
Bitcoin daily active addresses are on the rise. This has followed the uptick in price after the market crash. As time has gone on and the price has been down for a while, investors are taking this to be a time where they can stock up on the digital asset for cheap. This has led…
Read more
Bitcoin price started a downside correction below the USD 44,000 level. BTC even declined below USD 43,000, but the bulls appeared near USD 42,500. It is currently (11:02 UTC) consolidating near USD 43,500, with a key hurdle near USD 44,500. Similarly, most major altcoins are above important uptrend support lines. ETH spiked below USD…
Read more
Bitcoin price climbed above the USD 45,500 resistance level. However, BTC failed to continue higher and started a fresh decline below USD 44,000. It is currently (04:17 UTC) trading near USD 43,200, with a bearish angle. Similarly, most major altcoins also declined. ETH traded below the USD 3,120 support level. XRP dropped below the…
Read more
The number of Bitcoin addresses holding at least 1,000 BTC has risen in recent weeks. Bitcoin (BTC) addresses holding at least 1,000 BTC, the so-called whales, have started accumulating more tokens during the recent market recovery. As of Feb. 10, the total supply in these addresses was 8.096 million BTC versus 7.95 million on Jan.…
Read more
Prices of ethereum and bitcoin were volatile on Thursday, as markets reacted to U.S. inflation data. Bitcoin briefly recaptured the $45,000 level, but sold off after the data was released. Bitcoin Bitcoin started the day in the green, hitting the $45,000 mark in the process, however as the U.S. equity session opened, prices weighed, as…
Read more
Bitcoin price remained well bid above the USD 43,000 level. BTC started a fresh increase and traded above the USD 44,000 level. It is currently (11:52 UTC) gaining pace and is trading around USD 45,000. Similarly, most major altcoins are gaining bullish momentum. ETH is back above USD 3,200 and might rally to USD…
Read more
