Cryptocurrency News
In August, Bitcoin’s address activity experienced a notable surge, reaching its highest level in 3.5 months, with approximately 1.07 million unique addresses integrating into the Bitcoin network. This influx of new addresses represents the most significant growth since April 17th. The increased utility on the network is a positive indicator […]
In recent times, the Bitcoin market has witnessed a notable phenomenon – the rise of whales, individuals or entities holding substantial amounts of the digital asset. As of now, there are 15,870 addresses that possess at least 100 $BTC each, constituting a formidable collective force in the crypto space. The […]
Bitcoin’s recent surge above $30k indicates a potential reversal of the bearish sentiment that plagued the market in the past week. The price decline likely prompted many traders to capitulate and sell off their positions, leading to increased selling pressure. However, the current rise in trading volume suggests renewed interest […]
Today’s surge in WrappedBitcoin (WBTC) activity, driven by two significant 2,000 $WBTC moves, has led to a drop in exchange supply. This decrease in available WBTC on exchanges suggests increased demand and potential interest from investors and traders. The surge in on-chain transaction volume, reaching its highest level in over […]
Bitcoin adoption has indeed shown remarkable growth as indicated by the record-breaking Number of Addresses with a Non-Zero Balance, reaching an all-time high of 47.9 million. This surge in addresses with a positive balance signifies an increasing number of individuals and entities participating in the Bitcoin ecosystem, suggesting growing interest […]
The substantial decline of -255k BTC in the aggregate Whale balance since 30 May is a significant event in the world of cryptocurrencies, particularly in Bitcoin. The monthly balance decrease of -148k BTC is unprecedented and raises several important points that warrant further investigation. Potential Impacts Firstly, the actions of […]
The recent trends in the Bitcoin market indicate a shift towards self-custody as the supply of Bitcoin on exchanges continues to decrease. Despite experiencing a drop below the $30k mark last week, the market has not shown severe reactions, suggesting that fear, uncertainty, and doubt (#FUD) are not driving significant […]
The recent drop in the spot price of Bitcoin from $30,263 to $29,201 has resulted in -1.11 million BTC (equivalent to -5.9% of the total supply) going into an underwater position. This means that the current market value of these specific BTC holdings is lower than the price at which […]
The recent rebound of Bitcoin above $30,000 and the continuous growth of Bitcoin shark wallets are indicative of the market’s resilience and the ongoing interest of institutional investors. Increase In Number Of Large Addresses The increase in the number of large addresses, often associated with whales, signifies growing institutional involvement […]
In the second quarter of 2023, Bitcoin (BTC) faced a challenging period, marked by high volatility and declining trading volumes. Despite these obstacles, BTC managed to exhibit resilience and achieved modest gains, outperforming the overall crypto market. Bitcoin Holds Strong Position During Q2, BTC recorded a 6.9% increase in value, […]
The growing interest of several nations to join the BRICS alliance indicates a potential shift in the global financial landscape, posing a significant challenge to the dominance of the U.S. dollar. With countries like Saudi Arabia, the UAE, Bahrain, Argentina, Algeria, Egypt, Iran, and Indonesia formally applying for BRICS membership, […]
The announcement made by Democratic Presidential Candidate Robert F. Kennedy Jr. to back the US dollar with Bitcoin and exempt investors from capital gains taxes on Bitcoin profits is a bold and innovative proposal in the realm of cryptocurrency policies. Such a move could potentially have significant implications for both […]
The fact that the Bitcoin Long-Term Holder Supply is at an all-time high of 14.5 million BTC indicates a significant trend among mature investors: they are increasingly inclined to accumulate Bitcoin rather than distribute it. This observation carries important implications for the cryptocurrency market and reveals a growing confidence and […]
The acceptance of multiple Bitcoin exchange-traded fund (ETF) applications by the U.S. Securities and Exchange Commission (SEC) indicates a significant development for the crypto market. Notably, the SEC’s acceptance of applications from prominent financial institutions such as BlackRock, Fidelity Investments, WisdomTree, VanEck, Invesco, and ARK 21Shares demonstrates that regulators are […]
There are a few prominent politicians and their government who have expressed support for Bitcoin or shown an interest in cryptocurrency-related topics. Cynthia Lummis (United States): Cynthia Lummis, a U.S. Senator from Wyoming, has been an outspoken advocate for Bitcoin and digital currencies. She has highlighted the potential benefits of […]
The recent correction in the cryptocurrency market, with Bitcoin’s price dropping to $25,000, has had a significant impact on the supply dynamics and investor sentiment. One way to assess this impact is by examining the volume of supply that transitioned from being ‘in-loss’ to ‘in-profit’ during this correction. Over 2.47M […]
Recent information suggests that both sharks (experienced traders with large capital) and whales (entities with substantial cryptocurrency holdings) are closely observing the price range of Bitcoin, specifically in the $30k to $31k range. This indicates that these market participants are interested in this particular price level and are likely assessing […]
The recent inflation report in the US indicates that inflation rose only by 0.2% in June, which can be seen as positive news for owners of equities, gold, and silver. Surprisingly, the impact of this Consumer Price Index (CPI) report on the cryptocurrency market, particularly Bitcoin, has been minimal so […]