The recent data from Glassnode has highlighted an intriguing trend amongst short-term Bitcoin holders. It has been reported that over 1.2 million BTC has been accumulated by short-term holders since December 2023. This accumulation surge comes at a time when Bitcoin has been attracting significant interest from investors, especially after the launch of Spot Bitcoin
Bitcoin
Crypto analyst PlanB has made a bold prediction that Bitcoin will hit $100,000 this year, despite the current bearish sentiments surrounding the cryptocurrency. In a video on his YouTube channel, PlanB stated that he believes Bitcoin reaching $100,000 is “inevitable.” He even suggested that $100,000 could just be the starting point for Bitcoin’s price in
The recent downturn in the Bitcoin price has sparked concern among investors, as the price dipped below $67,000. However, amidst this uncertainty, crypto analyst Michael van de Poppe has taken a different approach. He has encouraged the crypto community to see this as an opportunity to buy more Bitcoin at a lower price. In a
Recent on-chain data analysis has revealed that Tether, the world’s largest stablecoin issuer, has added a substantial amount of Bitcoin to its already significant holdings. The acquisition of 8,888 Bitcoin on March 31 has increased Tether’s total BTC reserves to nearly 75,400. This move positions Tether as one of the largest Bitcoin holders in the
As the Bitcoin Halving draws near, with less than 2,900 blocks remaining before miners’ rewards are halved, anticipation is building within the crypto community. The event, projected to occur in April around Block 840,000, is expected to have a profound impact on Bitcoin’s price trajectory. The Halving, occurring approximately every four years, is a deflationary
In the midst of all the hype surrounding Bitcoin and the upcoming Bitcoin Halving, crypto analyst Jason Pizzino has shed light on the potential of altcoins such as Ethereum (ETH) and Solana (SOL). Pizzino’s analysis suggests that Ethereum may be gearing up for a breakout in the near future, despite Bitcoin stealing the show with
Recently, cryptocurrency analyst Rekt Capital has observed a potential breakout process for Bitcoin (BTC) from a weekly range. This breakout process comes after Bitcoin has been trading within a range that the analyst referred to as Black-Black, following an 18% correction. The range is defined by the candle-bodied peak and upside-wicking peak from 2021. Rekt
The surge in the price of Bitcoin to around $70,000 has sparked anticipation among investors for a continued upward trend. Much of this surge can be attributed to the accumulation of Bitcoin by large whales. These whale addresses, holding substantial amounts of Bitcoin, have the power to influence the market with their transactions. However, recent
Recently, the Bitcoin price has shown signs of a notable resurgence in the market, drawing comparisons to the optimism often felt during Holy Week among Christians. This sudden surge has not only affected Bitcoin but has also impacted other major cryptocurrencies, leading to significant profits for investors in the last seven days. A well-known crypto
As Bitcoin investors bask in the recent 9.34% gain that saw the cryptocurrency trading above $71,000, all eyes are now on the upcoming halving event. Bitwise CEO, Hunter Horsley, has voiced his opinion on the significance of the impending halving, stating that it could be the most crucial event in Bitcoin’s trading history due to
