Cryptocurrency News
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. […]
On June 24th, Bitcoin whales demonstrated their influence by accumulating a staggering $436 million worth of BTC. According to data from @intotheblock, holders who control at least 0.1% of the total Bitcoin supply increased their holdings by 7,130 BTC in a single day as Bitcoin’s price briefly dipped below $60,000. […]
Despite the prevailing market fear, uncertainty, and doubt (FUD), Bitcoin’s largest wallets have experienced a significant net inflow, marking the highest level since late May. Yesterday alone, holders controlling at least 0.1% of the total BTC supply added 7,130 BTC, valued at approximately $436 million, to their wallets. Despite market […]
Despite the stock market reaching new highs, Bitcoin and Ether have both declined over 10% from their yearly peaks. Other major cryptocurrencies such as Solana ($SOL), Cardano ($ADA), and Chainlink ($LINK) have experienced even steeper drops, each falling more than 25% from their recent highs. Despite the stock market reaching […]
Bitcoin is experiencing a downturn in exchange-related on-chain activity, indicating decreased investor interest and reduced network usage. Bitcoin's trend continues to lean bearish, currently hovering just above a critical demand zone. Keep an eye on the 61.9k to 63.8k range for potential support https://t.co/SzLyfHHNHM pic.twitter.com/gVtDu8DZj7 — IntoTheBlock (@intotheblock) June 21, […]
Ethereum spot ETFs are accumulating ETH regardless of price fluctuations, demonstrating strong confidence in the cryptocurrency’s long-term potential. Currently, 27.5% of the total ETH supply is staked, with 16.3% of this staked ETH being re-staked through protocols such as Eigenlayer. This indicates a robust interest in local yield among ETH […]
Bitcoin’s price range between $65K and $66K has fostered an environment of fear and disinterest among traders, leading to widespread capitulation. This extended level of Fear, Uncertainty, and Doubt (FUD) is rare, as traders continue to give up. However, this period of trader fatigue, combined with whale accumulation, often leads […]
Despite the S&P 500’s ongoing rally, Bitcoin has experienced a significant decline, marking a rare divergence between these sectors since the stabilization following the FTX collapse in late 2022. Typically, such market conditions would see cryptocurrencies experiencing a relief bounce to catch up. 📊 Bitcoin's plummet has come in spite […]
Bitcoin holders have experienced their largest 3-day drop in non-empty wallets since just before the March 14th all-time high. Unlike the previous surge, Bitcoin’s value has been declining, prompting traders to liquidate out of fear of further drops. Meanwhile, the number of Ethereum wallets continues to grow. 📊 Bitcoin holders […]
The cryptocurrency market is gripped by fear as Bitcoin has dropped to $65,000, its lowest value since May 16th. This decline has sparked a surge in mentions of selling or taking profit, indicating heightened panic among small traders. Such sentiment often precedes a temporary bounce, presenting potential buying opportunities amid […]