Cryptocurrency News
Bitcoin experienced a sharp drop yesterday, hitting a 3-week low of $58.9K, but many traders are now identifying this dip as a prime buying opportunity. The shift in sentiment came after the release of the US Consumer Price Index (CPI) report, which fueled optimism around potential interest rate cuts. This […]
The appetite for Bitcoin among institutional investors is growing rapidly, with U.S. spot ETFs now holding an impressive $58 billion worth of the cryptocurrency. This amount represents approximately 4.6% of Bitcoin’s total circulating supply. Investment giants such as BlackRock, Fidelity, and Grayscale are actively buying Bitcoin, focusing their purchases within […]
According to NYDIG, Bitcoin has emerged as the best-performing asset of 2024, boasting a year-to-date gain of 49.2%, even in light of a lackluster Q3. A long-dormant whale, who recently reactivated after a lengthy period of inactivity, moved another $634,000 worth of Bitcoin to Kraken this morning. This whale’s BTC […]
In the third quarter of 2024, Bitcoin’s dominance surged to its highest level since April 2021, as $BTC traded sideways while both $ETH and smaller tokens reached new yearly lows. This trend suggests that Bitcoin is increasingly being viewed as a form of money, whereas Ethereum’s valuation appears more closely […]
Bitcoin fundamentally opened this month on a short after failing to push above $67k in the previous month. However, it appears to have found a strong footing and is now climbing back on a daily scale. The recent monthly drop in Bitcoin’s price was seemingly triggered by the new conflict […]
Despite an 86% plunge in Bitcoin transaction fees this quarter, market confidence remains resilient, with Bitcoin’s dominance hitting its highest level since April 2021. BTC's market share reached its highest since April 2021 this quarter Bitcoin's price traded mostly sideways throughout the quarter, while ETH and smaller tokens set new […]
Currently, 6% of all wrapped Bitcoin is being staked through various yield protocols, highlighting a growing trend in the market. The wrapped Bitcoin sector is primarily dominated by $WBTC and $BTCB, which together account for over 81% of the total supply. However, the landscape is evolving, with liquid staking and […]
Amid bearish sentiment and technical indicators suggesting potential further dips, a recent decline in Bitcoin futures liquidations is offering a glimmer of hope. On October 1, over 4,000 Bitcoin longs were liquidated, marking the second-largest liquidation event of the year. This massive shakeout hints at a potential local bottom, which […]
For the first time since its all-time high, Bitcoin has set a new technical higher high, with prices bouncing into the $66,000 region. This marks a pivotal moment, as several critical on-chain metrics have also reached higher levels, signaling growing market interest and activity. However, market volatility has surfaced, driven […]
Bitcoin’s impressive run continues, with a 23% gain over the past three weeks, pushing its value from $52,500 to over $65,000. A key driver of this momentum is the growing demand for the Bitcoin Spot ETF. Important Charts for Tracking Bullish Momentum Bitcoin has risen over 23% in the past […]
After consolidating under a key resistance for a week, Bitcoin broke up to a two-month high and lost steam. The price is facing down as it opens this week on a sell, currently looking for a solid support to bounce back. Starting this month on a bearish note, Bitcoin later […]
Bitcoin has experienced a remarkable 11.6% increase this September, igniting speculation about its potential for continued growth as we enter October, often referred to as “Uptober.” Will #BITCOIN continue the upward movement in Uptober… We have seen 11.6% increase in September which is incredible for #BTC. pic.twitter.com/IL6OR68FbK — JAHSON TRADING […]
Dogecoin ($DOGE) has surged past the crucial $0.111 resistance level, where over 36 billion DOGE are held by 62,270 addresses. If DOGE maintains this level, it could confirm a bullish breakout, opening the door for further gains. With no significant supply barriers in sight, the path toward $0.150 appears clear. […]
Bitcoin has officially crossed the $65,000 mark for the first time since August 1, marking a significant milestone in its price recovery. This surge can be largely attributed to continued accumulation by whales and sharks, who have collectively purchased $4.08 billion in Bitcoin over the past six months, preventing sustained […]
Bitcoin is now firmly in control of the cryptocurrency market, accounting for 73% of the total market share, a 6% increase in 2024 alone, according to analytics from Bitcoin. Investors have been steadily shifting from Ethereum to Bitcoin, driving the ETH/BTC ratio to its lowest point since April 2021. While […]
Bitcoin’s correlation with gold has been steadily increasing, reaching its highest level since March 2024. This growing connection highlights Bitcoin’s evolving role as a hedge against macroeconomic uncertainty, particularly in times of recession fears and diminishing confidence in the U.S. dollar. Investors seeking a “safe haven” are turning to Bitcoin, […]
In just two weeks, Bitcoin recovered well and turned bullish after finding solid ground above $52k in the last leg down. It saw rejection and faces hurdles after posting a notable 10% gain near the $65k level in a week. Since last week, Bitcoin has moved higher following a strong […]
Bitcoin has soared past $63,000, but the broader crypto market remains in the red. Major altcoins such as TON (-3.34%), SOL (-2.57%), and ETH (-0.11%) are seeing declines, reflecting cautious market sentiment. The overall crypto market capitalization now sits at $2.31 trillion, down by 0.39%, with Bitcoin’s dominance at 53.91%, […]