Recent on-chain reports have unveiled intriguing activities in the crypto space as Bitcoin ($BTC) and Wrapped Bitcoin ($WBTC) witnessed notable price movement. Lookonchain data indicates that a savvy whale made strategic moves after Bitcoin surpassed the $45,000 mark. The whale deposited a substantial 1,000 $BTC ($22.47M) into Binance after the […]
Tag: bitcoin
Bitcoin Exhibits Resilience Amidst Price Dip As Smart Whales Accumulate
Bitcoin encountered a minor setback, experiencing a $1,000 drop (-2.3%) on Monday. Notably, F2Pool deposited 1,000 BTC ($43.96 million) to Binance during this period, contributing to the slight decline, following a similar deposit two days prior. Why did the price of $BTC drop $1K (-2.3%) in the last 7 hours? […]
Arthur Hayes Shares Insights On Bitcoin’s Bullish Outlook
BitMEX Co-Founder, Arthur Hayes (@CryptoHayes), recently conveyed his perspective in a comprehensive post, urging caution among traders amidst the current cryptocurrency bull market. In his analysis, Hayes emphasized the need for tempered enthusiasm, asserting that the crypto bull market is still in its early phases. He drew a parallel between […]
Surge In Digital Asset Inflows In 2023; Significant Increase Despite Lower Than Previous Years
Data from 2023 indicates a substantial influx of $2.25 billion into digital asset investment products, marking it as the third-highest year since 2017. While 2020 and 2021 outpaced 2023 with $6.6 billion and $10.7 billion, respectively, the recent surge signifies a noteworthy recovery from the lower inflows observed in 2022, […]
Bitcoin Hits New Yearly High At $45,899 Amid Expectations Of ETF Approval
Today, Bitcoin, the largest cryptocurrency by market value, surpassed the $45,000 mark, reaching a notable $45,899 level. Investors’ optimism about the potential approval of spot Bitcoin Exchange Traded Funds (ETFs) in the US played a substantial role in driving this notable surge. Several factors, including the influx of funds into […]
Ethereum Gains Momentum Surpassing Bitcoin In Holder Numbers Amid Buterin’s Roadmap Update
Ethereum, the second-largest cryptocurrency globally, is gearing up for a potential surge, capturing the attention and anticipation of the crypto community. As of now, Ethereum is valued at $2,330, showcasing a daily increase of 1.64% and a monthly growth of 8.16%. This consistent uptrend fuels speculations that Ethereum might soon […]
Tether’s BTC Holdings Surge As Bitcoin NFT Sales Achieve New Heights
Tether, a major player in the crypto space, which is recognized for its fiat-backed stablecoins, has recently made a significant move involving the leading cryptocurrency, Bitcoin. This is coming as the continued craze around BRC-20 tokens is still very much in play. Many traders and investors are making arguments on […]
ORDINAL PROTOCOL PRICE ANALYSIS & PREDICTION (December 31) – ORDI Resurges This Week Despite Crypto Market Meltdown
ORDI advanced buying pressure this week and broke through previous resistance to reach a new milestone today. It currently shows no signs of weakness as it continues to gain traction. It remains one of the most traded BRC-20 tokens so far. For almost two months, ORDI has been on a […]
BITCOIN PRICE ANALYSIS & PREDICTION (December 30) – BTC Trades Sideways Amid Low Volatility, Where Is It Heading Next?
Bitcoin continued to suspend bullish to a sideway trend. Although it currently looks weak following a 1% loss in the past hour. It appeared to be gathering momentum for a big price movement. Since the price fell from $44,700 earlier this month, Bitcoin’s price has been moving sideways due to […]
BITCOIN PRICE ANALYSIS & PREDICTION (December 19) – BTC Signals Correction After Losing 7% Weekly, Is $40k Next Target?
The overall crypto market is down 1% today with Bitcoin dropping to its lowest level in two weeks. It has recovered briefly in the past hours but is likely to resume selling soon. Its dominance against altcoins currently stands at 52.1%. Bitcoin appeared to have finally suspended bullish after rejecting […]
Bitcoin Inscriptions Trigger Surge In Arbitrum Network Fees
The recent surge in Ordinals inscriptions, not limited to Bitcoin alone, has sent shockwaves through various blockchain networks, notably impacting Ethereum Virtual Machine (EVM) chains with a significant increase in gas spending during the weekend. Bitcoin’s inscription phenomenon has posed a unique set of challenges, and its repercussions have extended […]
Bitcoin Faces Decline Below $41,000 Price Level Mark Amid Hash Rate Surge
Bitcoin ($BTC) has encountered a noticeable setback in its growth trajectory over the past month, raising concerns about the sustainability of its recent climb to $44,000. Based on Ali’s chart on X, Bitcoin’s price has dipped below a critical supply zone, ranging from $41,200 to $42,400. Within this range, 1.87 […]
MultiBit (MUBI) Rockets To Unprecedented 76% Price Increase In Just 24 Hours
In a notable development, MultiBit has emerged as the pioneering dual-sided bridge, revolutionizing seamless cross-network transfers between BRC20 and ERC20 tokens. This innovative bridge, by facilitating effortless movement of cryptocurrency tokens between Ethereum Virtual Machine (EVM) networks like Ethereum and BNB blockchains, and the Bitcoin blockchain, significantly enhances cross-chain interoperability. […]
Bitcoin Ordinals Token $SATS Skyrockets Over 200% After Binance Exchange Listing
In a rapid turn of events, the Bitcoin Ordinals token $SATS has experienced a significant surge in value shortly after being listed on the renowned cryptocurrency exchange Binance. The recent bullish momentum is not isolated to $SATS alone, as Ordinals Brc-20 tokens have been witnessing substantial price gains, creating a […]
Bitcoin Achieves New Milestone, Surpassing Recent Yearly High, As It Hits $44,000 Level
Despite the notable sell-offs witnessed as Bitcoin breached the $40,000 threshold over the past weekend, the leading cryptocurrency has sustained its bullish trajectory. In the face of significant declines in major tech stocks, a surge in Treasury yields, and a retracement in gold prices following a previous record high, Bitcoin […]
BITCOIN PRICE ANALYSIS & PREDICTION (December 4) – Bitcoin Breaks Higher After Weeks Of Contraction, Targets $44,000
As Bitcoin failed to provide a lower price discount, the price continued to break higher – registering a total of 50% gain in the last 30 days. More rallies are expected if it keeps breaking higher. Bitcoin advanced rally last week after staying in a three-week consolidation phase. It entered […]
Bitcoin Surpasses Expectations, Setting New Records as November Concludes, December Historically Poses More Surges For Bitcoin
As we bid farewell to a bullish November, Bitcoin ($BTC), the world’s leading cryptocurrency, achieved remarkable milestones, boasting a noteworthy 10% gain for the month and reaching a yearly high at $38,415 this week. ——————————————— New Record Bitcoin Hashrate———————————————490,000,000,000,000,000,000x Hashes Per Second pic.twitter.com/4eCTPhFT9U — Documenting ₿itcoin 📄 (@DocumentingBTC) November 29, […]
BITCOIN PRICE ANALYSIS & PREDICTION (November 29) – BTC Extends Consolidation Amid Low Volume, Signals Potential Divergence
Since Bitcoin tested the upper boundary of its channel this month, the volatility dropped as it entered a consolidation phase. It is still trying to regain momentum on a daily but lacks enough volume to sustain the rally. Bitcoin’s consolidation phase extended this week amid low volatility. The trend is […]