Bitcoin’s upward journey has caused analysts to focus on on-chain data for current market cycle insights. Key indicators that can guide investors through the euphoric phase of price discovery are revealed in recent Glassnode reports. A major aspect accentuated by this report is the Supply Profitability State showing the percentage of total coin supply for those […]
Bitcoin is consolidating near an all-time high and historically precedes explosive moves. The current pattern suggests the potential for significant upward momentum. Bitcoin’s price today is $69,395.14, with a 24-hour trading volume of $25.34B and a market cap of $2.65T. The BTC price increased 1.25% in the last 24 hours and surged by almost 6% […]
Over the last week, Bitcoin (BTC) investors enjoyed much profit as the crypto asset gained 8.34% to trade above $71,000, according to data from CoinMarketCap. At the time of writing, BTC is trading around $70,285, up 0.25% in the last 24 hours. Meanwhile, the leading cryptocurrency boasted a market cap of $1.38 trillion. The BTC […]
Santiment, one of the leading on-chain data analyst firms, has released recent data revealing the actions of Bitcoin’s whales as the market is trying to keep its price above $60,000. Observably, these whales are splitting their wallets, which could point to different strategies or risk management techniques employed by the ecosystem. 📊 #Bitcoin's whales are splitting wallets as […]
A recent report from Kaiko revealed that they had seen low weekend Bitcoin transactions in 2024. The report highlights that this week’s trade represents just 13% of the whole volume of Bitcoin, with a maximum of 1/4th from 2018 to 2021. This correlates with increasing institutional investors in the spiking Bitcoin market. Drop in Volume […]
After two weeks of consolidation, the world’s biggest cryptocurrency, Bitcoin (BTC), smashed past $57,000 earlier today in a massive breakout. As of press time, the Bitcoin price today is $ 56,141 with a 24-hour trading volume of $ 64.00B; the BTC price increased 8.98% in the last 24 hours, with its market cap going over $1.1 trillion […]
Bitcoin price prediction shows remarkable strength and significantly shrinks the chances of a major correction occurring before the much-anticipated pre-halving rally kicks in. If anything, many analysts believe BTC may have already confirmed the early stages of this pre-halving uptrend. The $52,000 mark, which has become a key support level for Bitcoin, is a level […]
Bitcoin (BTC), the biggest cryptocurrency by market cap, has experienced a surge beyond the $52,000 level lately. This shows continuous demand for BTC at increasingly higher levels. A report from CryptoQuant, an on-chain data analytics firm, indicated that more than “75% of new investments in Bitcoin” come from spot Bitcoin exchange-traded funds (ETFs). This has […]
This guide will explore some major cryptocurrencies that could be appealing investments for beginners and experienced crypto buyers. As the cryptocurrency market gains strength following the downturn of 2021-2022, the leading cryptocurrencies by market capitalization present some of the most apparent opportunities within digital assets. Large-cap crypto is the biggest and most established digital currency […]