Cryptocurrency News
Addresses holding between 100 and 1,000 BTC have significantly increased their share of the circulating Bitcoin supply, now controlling 20.3%, or approximately 4.01 million BTC. This represents a 5% rise from the 3.82 million BTC held six months ago, indicating a growing trend of accumulation among large holders. Addresses holding […]
Addresses holding between 100 and 1,000 BTC have shown remarkable resilience amid recent market volatility. Over the past few months, these addresses have been steadily accumulating Bitcoin and now control 20.3% of the total circulating supply. This consistent accumulation highlights a strong belief in Bitcoin’s long-term value among significant holders. […]
Bitcoin traders on Binance are showing a slight bullish inclination, with 51.79% currently holding long positions on $BTC. However, caution is in the air as a recent observation on Bitcoin’s two-month chart by analyst Ali Martinez highlights a potential trend reversal. The Stochastic RSI has shifted from bullish to bearish, […]
The noticeable drop in whale activity across major cryptocurrencies has been evident in recent months. For Bitcoin and Ethereum, peak weeks for transactions over $100,000 reveal a significant reduction in whale engagement. For Bitcoin, whale transactions peaked at 115,100 during the week of March 13-19, 2024. By the week of […]
Last week saw Bitcoin through another major decline but after a lot of indecisiveness around a key level, it finally broke lower and closed the week strongly bearish. It currently looks ready for a bigger fall. We recall that August started painful for Bitcoin after falling from $70k in the […]
Bitcoin surged to a high of $61.2K today, coinciding with a bounce in the S&P 500. While it’s debated whether crypto is leading the equities market or the other way around, the strong correlation between the two is undeniable. Historically, Bitcoin tends to break out when its correlation with equities […]
The cryptocurrency market experienced a significant downturn, with Bitcoin and Ethereum plummeting to lows of $58,034 and $2,392, respectively. This resulted in a staggering $313 million in liquidations across the network, with long orders accounting for $282 million and short orders totaling $31.36 million. Bitcoin briefly fell to a low […]
The cryptocurrency market witnessed a brutal sell-off, with Bitcoin ($BTC) and Ethereum ($ETH) prices dropping by 7% and 10%, respectively. The carnage resulted in 87,405 traders being liquidated for a staggering $318.46 million in the past 24 hours. The price of $BTC dropped by ~7% and $ETH dropped by ~10%! […]
The Bitcoin bull market is officially back on track, according to the IFP index. On lower time frames, Bitcoin appears to be trading within a parallel channel, setting the stage for a potential price swing. The #Bitcoin bull market is officially back on, according to the IFP index! pic.twitter.com/oiTf00pwFL — […]
Since last week, Bitcoin’s price has increased notably following a sharp rise to $65k. It has paused buying and now looks calm with choppy price actions. A surge above the $70k level should confirm a bullish breakout. Bitcoin started this month rough following a massive breakdown from $63k to $49k […]
Babylon has officially launched its Bitcoin staking mainnet, and the response has been nothing short of extraordinary. The network saw a significant spike in activity, leading to Bitcoin transaction fees soaring by 120x, reaching a staggering 60 BTC, all due to the rush to participate in Babylon’s staking event. In […]
A recent snapshot of Bitcoin’s holder landscape reveals intriguing insights. As of August 21, 8.08 million addresses held mere crumbs of BTC, worth less than $1, while a mere 10,130 addresses boasted impressive holdings of over $10 million. Meanwhile, a staggering 54.07 million addresses held BTC at its current price, […]
Over the past six weeks, Bitcoin’s largest holders, specifically wallets containing between 100 to 1,000 BTC, have increased their holdings by an additional 94,700 coins. This accumulation comes as many traders, shaken by recent market volatility, have exited the crypto space, while key stakeholders have continued to bolster their positions. […]
Bitcoin’s price is still weak but has seen a small increase after rejecting $60,300 last weekend. However, it is gathering momentum as it forms a new bearish pattern with a 55.8% dominance at press time. After tapping $62,750 two weeks ago, Bitcoin marked resistance there and showed signs of weakness. […]
According to a recent report from CoinShares, digital asset investment products attracted a total inflow of $30 million last week. Bitcoin led the charge with $42 million in inflows, signaling renewed investor confidence as the cryptocurrency continues to navigate the early stages of the post-halving cycle. Ethereum, by contrast, saw […]
Bitcoin’s price performance in 2024 has closely mirrored the trends observed during previous halving years, such as 2016 and 2020. Historically, significant price surges have occurred in the fourth quarter, suggesting that if a rally is to happen, it may still be on the horizon. #Bitcoin price performance in halving […]
Yesterday, the crypto market witnessed a significant event: over $1 billion in USDT was withdrawn from exchanges, marking the largest outflow of Tether since May. While large deposits on exchanges are often seen as bullish, signaling that investors are preparing to buy assets, withdrawals can be more complex and open […]
Since Bitcoin’s all-time high (ATH) in March, the cryptocurrency market has seen significant supply distribution across all wallet sizes. However, recent trends indicate a shift, particularly among the largest wallets—often linked to exchange-traded funds (ETFs)—which are now returning to accumulation mode. This trend reversal suggests growing confidence among major holders. […]