The recent surge in the price of Bitcoin has attracted the attention of large investors known as whales, who hold at least 1,000 BTC in their wallets. These whales have been taking advantage of the dip in Bitcoin’s price to accumulate more coins, with the number of addresses holding at least 1,000 BTC increasing by
Bitcoin
Recent data from crypto analytics firm Glassnode has indicated that the amount of Bitcoin held on Coinbase has dropped to a 9-year low. This decline, with a balance of 344,856 BTC on March 18, suggests that investors are opting to move their holdings off exchanges and hold for the long term rather than selling. This
As per Rekt Capital, a cryptocurrency expert and enthusiast, the recent Bitcoin pre-halving retrace bears a resemblance to the one that occurred in 2020 before the crypto asset surged to its previous all-time high. Bitcoin, being the largest cryptocurrency asset, is currently showcasing momentum as it climbs over $70,000, recovering from a recent downward trend.
In a recent analysis of the cryptocurrency market, Doctor Profit has highlighted key regions that could potentially drive Bitcoin’s price to new heights in a short amount of time. The community has been closely watching Bitcoin’s performance over the past week, and Doctor Profit’s insights have injected optimism among investors. Doctor Profit’s analysis delves into
Bitcoin, the ever-enigmatic digital currency, has analysts locked in a heated debate about its 2024 price trajectory. Will it soar to new heights, fueled by institutional adoption and mainstream acceptance, or will it face a reality check and revisit recent lows? The optimists, led by the prominent crypto analyst Cryptoyoddha, paint a picture of a
The previous week was tumultuous for Spot Bitcoin ETFs as they failed to attract strong inflows consistently day after day. This trend of consecutive daily outflows indicates a potential waning of bullish sentiment among institutional traders. The impact of this lackluster investor interest is evident in the price of Bitcoin, which dropped to as low
The recent decline in Bitcoin’s price has not only affected the overall cryptocurrency market but has also had a significant impact on the spot Bitcoin ETF market. Data from BitMEX Research has revealed that BTC ETFs have been experiencing negative netflows for the past four trading sessions. This downward trend has been particularly noticeable in
The recent surge in Bitcoin’s value to reclaim the $67,000 mark has left many traders reeling from unexpected liquidations. Approximately 86,047 traders suffered losses exceeding $250 million within a mere 24-hour period, as revealed by data provided by Coinglass. Major exchanges like Binance, OKX, Bybit, and Huobi were the battlegrounds for these significant financial setbacks,
After experiencing a significant drop, Bitcoin managed to recover as Wednesday came to a close, climbing from $61,000 to $67,000. This price jump sparked optimism in the cryptocurrency community, hinting at a potential bullish trend on the horizon. However, it is crucial to note that despite this recovery, Bitcoin has not reached its previous week’s
Bitcoin, the flagship crypto token, has shown promising fundamentals that suggest it is well-positioned for growth in the current bull market. Despite this positive outlook, the recent price decline of Bitcoin has raised concerns among investors. Data from the on-chain analysis platform CryptoQuant indicates that the supply of Bitcoin on exchanges has decreased by nearly
