Cryptocurrency News
While Bitcoin dominance remains a key metric in the crypto space, Total Value Locked (TVL) has emerged as a crucial indicator, reflecting the strength and influence of various decentralized finance (DeFi) protocols. In the realm of decentralized exchanges (DEXs), Uniswap leads the pack with over 25% of the total TVL. […]
Bitcoin’s number of large holders, or “whales,” saw a significant rise as the cryptocurrency’s price bottomed around $59K on October 10th. Between October 10th and 13th, the network added 268 wallets holding between 100-1,000 BTC. This surge in whale activity likely played a role in the current bull rally. 🐳 […]
Bitcoin’s whale activity has reached its highest level in over ten weeks, with a staggering 11,697 transactions exceeding $100K recorded on Tuesday. Wednesday is on track to see a similar spike, indicating significant movement among large holders. 🐳 Bitcoin's whale transactions have spiked to their highest level in over 10 […]
Bitcoin has witnessed a notable resurgence in active addresses since September, marking a significant turnaround from a period of subdued performance. The metric for Bitcoin Active Address Momentum has surpassed both monthly and yearly moving averages, indicating a robust increase in user engagement and potential demand. Historically, such trends have […]
As Bitcoin began the week with a strong rally, briefly surpassing $66,000, traders are increasingly shifting their focus toward GameFi and memecoins. Interest in these altcoin sectors continues to rise, as discussion rates reflect growing attention from the market. 📊 With Bitcoin up to start the week and temporarily jumping […]
Last Thursday, Bitcoin reestablished support above the important $60k level following a quick recovery from a small retracement phase. The price currently appears strong as it resurges on a daily scale. Bitcoin’s price is growing stronger daily but trading is still captured in a falling channel for over seven months. […]
As the crypto market braces for the upcoming expiration of Bitcoin and Ethereum options, traders are closely watching pivotal price levels. A significant $1.10 billion in Bitcoin options and $466 million in Ethereum options are set to expire, bringing the “max pain” price into focus—$62,000 for Bitcoin and $2,500 for […]
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 […]