Cryptocurrency News
Bitcoin experienced a significant decline in new addresses at the beginning of June, reaching multi-year lows. However, this trend has reversed, with daily new addresses increasing by 35% since that low point, signaling renewed interest in the cryptocurrency. Bitcoin saw a significant dip in new addresses at the beginning of […]
After a short pullback last week, Bitcoin found support and resurged near a crucial resistance overnight with a 3% gain. It is currently on the verge of breaking out of a channel, poising for a massive run. Bitcoin has continued to take the bears by surprise with the latest price […]
Bitcoin has historically exhibited exponential gains during bull cycles, although each cycle has also seen significant drawdowns. The current upward momentum is driven by the anticipated approval and influence of spot ETFs, which are expected to bring more investors into the market. New inflows haven't even started yet “Bitcoin's upward […]
Bitcoin is currently in an accumulation phase, with significant activity suggesting strong potential for a rebound. Over the past month, 358,000 BTC has shifted to permanent holder addresses, reflecting a long-term bullish sentiment among large investors. In July alone, global spot ETF inflows amounted to 53,000 BTC, indicating substantial institutional […]
A significant whale with a staggering $173 million profit from Ethereum recently deposited 10,000 ETH, worth $34.2 million, to Kraken just hours before the price of Ethereum plunged. This whale’s strategic moves are noteworthy: – Withdrawals: In August and September 2022, the whale withdrew 96,639 ETH from Coinbase at an […]
The US government has recently deposited 58.74 BTC, valued at approximately $3.96 million, into Coinbase Prime. In 2024 alone, the US government has moved out a total of 6,261 BTC, worth around $392 million, primarily after the Bitcoin price increase in late February. Of this, 5,999 BTC, totaling $376 million, […]
Following a 30% recovery in the past three weeks, Bitcoin scaled through several key resistance levels to reach a new milestone today. It saw a sharp rejection and is now showing signs of weakness on the day. Adding $5k to its price in a week, Bitcoin reached its highest trading […]
Bitcoin whales, addresses holding 1,000 or more BTC, now possess a staggering 7.9 million BTC, marking a two-year high and representing 40% of the circulating supply. This accumulation trend signals strong confidence among large holders in the future value of Bitcoin. Bitcoin holdings for addresses containing 1,000 or more BTC […]
Recent movements in the Ethereum market indicate significant accumulation by large holders, suggesting bullish sentiment ahead of potential developments like Ethereum ETFs. SEC Commissioner Peirce’s recent comments hint at possible reconsideration of Ethereum ETFs, especially with features like staking potentially influencing regulatory decisions. NEW: SEC Commissioner Peirce tells me Ethereum […]
Recent developments in the Bitcoin market have showcased notable shifts in both supply and institutional interest. The market absorbed over 48,000 BTC from sell-offs sourced by the German Government, coinciding with anticipated Mt. Gox distributions in the near future. Bitcoin’s daily on-chain volume now hovers around $46.4 billion, comparable to […]
Posting a 20% gain in two weeks, Bitcoin broke through several crucial resistance levels and swiftly changed negative sentiment to positive. A monthly close above June’s high will confirm a complete trend reversal. Following the latest movement in Bitcoin’s price, which drove the global crypto market cap up lately, a […]
In the past 30 days, Bitcoin has witnessed notable shifts in ownership patterns, particularly among custodial wallets categorized as permanent holders, which have accumulated 85,000 BTC. These entities, distinct from ETFs, exchanges, or miners, have shown a steadfast commitment with no outflows recorded. Conversely, ETF holdings saw a net outflow […]
Bitcoin fell below $56,000 in the last 24 hours, marking a 5.87% drop, while Ethereum (ETH) plummeted below $3,000, suffering a 9.96% decline. The entire crypto market saw a massive liquidation of $576 million, with long orders accounting for $499 million of this total. Bitcoin fell below $56,000, a 24-hour […]
Bitcoin has dropped to a two-month low, with most altcoins experiencing even more significant declines. ‼️ BREAKING: #Bitcoin Drops Below $53K, Levels Last Seen Since February 2024. In the past 24 hours, 231,775 traders were liquidated, the total liquidations comes in at $669.48 million! 🟥#cryptomarket #cryptocrash #bitcoincrash pic.twitter.com/xezI6yjEvX — CoinEcho […]
Bitcoin went through serious reductions throughout last month but is now back in an upward range, gaining traction with a 3% surge in the last 24 hours. More growths may continue to leave the bears in disbelief. During last month’s sell-off, Bitcoin lost several support levels and fell to the […]
Throughout 2024, long-term Bitcoin holders have been steadily reducing their holdings. In May, there was a notable sell-off, with 160,000 BTC (approximately $10 billion) sold. This trend slowed somewhat in June, with 40,000 BTC leaving long-term holders’ wallets. Long-term BTC holders have been reducing their holdings throughout 2024. May saw […]
The Bitcoin network is experiencing a significant downturn in active addresses, with recent data showing a sharp decline. According to @intotheblock, the proportion of weekly active addresses has plummeted to 1.22%, a figure not seen since November 2010. This decline is further highlighted by the total number of active wallets, […]
VanEck’s recent filing for a Solana ETF briefly boosted SOL’s price, demonstrating the power of crowd optimism. The mere act of filing was enough to spark excitement among traders, leading to a temporary uptick in SOL’s value. 🥳 VanEck's filing for a Solana ETF caused SOL's price to surge today. […]