The cryptocurrency market remains highly volatile, with Bitcoin struggling to hold above key support levels. Ethereum, XRP, and other major altcoins are also testing crucial price points, raising concerns among traders and investors. As recent market developments unfold, institutional moves and macroeconomic factors continue to shape the short-term outlook. Bitcoin Price Analysis (BTC/USDT) Bitcoin has […]
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 […]