Cryptocurrency News
The last week of June began on a somber note with Bitcoin falling 5%, dropping its value below $62,000. This decline triggered a ripple effect across the altcoin market, particularly affecting the highly volatile meme cryptocurrency sector. Shiba Inu (SHIB), the second-largest meme cryptocurrency by market capitalization, experienced a 5.5% […]
Bitcoin’s fear and greed index neutrally stands at 55 after weeks of decline. It just lost grip again and fell into the $61k range, looking poise for a massive sell-offs. This crucial support line may pose a threat. Bitcoin’s daily outlook is getting uglier by the day following a steady […]
As the trading week comes to a close, Bitcoin is hovering in the $63,000 to $64,000 range. A significant supply barrier has formed, with approximately 5.45 million addresses having acquired 3.03 million BTC between $64,300 and $70,800. This concentration of holdings at higher prices poses a risk of a steep […]
Despite the stock market reaching new highs, Bitcoin and Ether have both declined over 10% from their yearly peaks. Other major cryptocurrencies such as Solana ($SOL), Cardano ($ADA), and Chainlink ($LINK) have experienced even steeper drops, each falling more than 25% from their recent highs. Despite the stock market reaching […]
Bitcoin is experiencing a downturn in exchange-related on-chain activity, indicating decreased investor interest and reduced network usage. Bitcoin's trend continues to lean bearish, currently hovering just above a critical demand zone. Keep an eye on the 61.9k to 63.8k range for potential support https://t.co/SzLyfHHNHM pic.twitter.com/gVtDu8DZj7 — IntoTheBlock (@intotheblock) June 21, […]
Bitcoin’s price range between $65K and $66K has fostered an environment of fear and disinterest among traders, leading to widespread capitulation. This extended level of Fear, Uncertainty, and Doubt (FUD) is rare, as traders continue to give up. However, this period of trader fatigue, combined with whale accumulation, often leads […]
Despite the S&P 500’s ongoing rally, Bitcoin has experienced a significant decline, marking a rare divergence between these sectors since the stabilization following the FTX collapse in late 2022. Typically, such market conditions would see cryptocurrencies experiencing a relief bounce to catch up. 📊 Bitcoin's plummet has come in spite […]
Bitcoin holders have experienced their largest 3-day drop in non-empty wallets since just before the March 14th all-time high. Unlike the previous surge, Bitcoin’s value has been declining, prompting traders to liquidate out of fear of further drops. Meanwhile, the number of Ethereum wallets continues to grow. 📊 Bitcoin holders […]
Bitcoin’s dominance has not changed much since it lost the $70k level two weeks ago. However, the price is down by 6% weekly following the latest reductions. Its fear and greed index now stands neutrally at 55. Starting this month on a strong note, Bitcoin encountered resistance and halted buying […]
The cryptocurrency market is gripped by fear as Bitcoin has dropped to $65,000, its lowest value since May 16th. This decline has sparked a surge in mentions of selling or taking profit, indicating heightened panic among small traders. Such sentiment often precedes a temporary bounce, presenting potential buying opportunities amid […]
The supply of Bitcoin on exchanges has plummeted to its lowest level since December 2021, with only around 942,000 coins available. In contrast, Ethereum and Tether are seeing increased inflows. Historically, the limited supply of Bitcoin available for sale reduces the overall drop-off risk for the entire cryptocurrency market. 😎 […]
Bitcoin ETF trading volume surged to its highest level since May 15, according to data from the seven largest ETFs. This spike in volume often signals a potential price turnaround for Bitcoin. 📊 Bitcoin ETF volume has jumped to its highest level since May 15th, according to data from the […]
Bitcoin saw a sharp 4% drop today, falling below the $67,000 mark. Historically, Bitcoin has faced challenges during the third quarter, with an average return of 6.49% and a median return of -2.57%. Beware! Historically, #Bitcoin has struggled in Q3, with an average return of 6.49% and a median return of […]
Last week, digital asset investment products experienced significant inflows totaling $2 billion, pushing the cumulative inflows over the past five weeks to $4.3 billion. Bitcoin led this influx with a substantial $1.97 billion, while Ethereum saw its largest weekly inflow since March, totaling $69 million. Last week, digital asset investment […]
Following the recent shakeout in the global market, Bitcoin BTC lost a key psychological level and closed at a loss last week. It is still weak on the day, looking for solid ground to resume its bullish trajectory. Last Friday came with a big shockwave in the entire crypto […]
Bitcoin’s long-term holders (LTH) are seeing negligible losses, with only 4,900 BTC, or a mere 0.03% of the total LTH supply, acquired above the current spot price. This minimal loss highlights the small number of holders who bought at the peak of the 2021 cycle and have held their positions […]
While Bitcoin’s market cap of $1.41 trillion significantly outpaces Ethereum’s $458.91 billion by a factor of 3.1, a closer look at wallet data reveals an intriguing narrative. Ethereum’s decentralized finance (DeFi) ecosystem, staking activities, and smaller average wallet sizes contribute to a higher number of unique holders. Specifically, Ethereum boasts […]
Since mid-March, there has been a notable increase in the amount of Bitcoin held by large holders. Addresses holding over 1,000 BTC now collectively control more than 40% of the total Bitcoin supply. This accumulation trend has coincided with a recent surge in Bitcoin’s price, which is currently up by […]