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News – Page 324 – BitcoTasks BLOG
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Bitcoin Long-Term Holders & Price Top: Glassnode Reveals Pattern

Bitcoin News

The on-chain analytics firm Glassnode has explained that Bitcoin tends to reach a potential top when the long-term holders show this pattern. Bitcoin Long-Term Holders Have Been Ramping Up Distribution In a new report, Glassnode discussed the influence that the BTC long-term holders have on the cryptocurrency’s supply dynamics. The “long-term holders” (LTHs) here refer…

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Bitcoin ETF Netflows May Experience Rebound If This Price Is Attained, Analyst Explains

Bitcoin

In line with the decline in Bitcoin’s price, the spot Bitcoin ETF market has appeared rather gloomy in recent days. According to data from analytics firm BitMEX Research, these BTC ETFs have recorded a negative netflow for the last four trading sessions.  This situation has been marked by large levels of Grayscale’s GBTC outflows and…

Bitcoin ETF Netflows May Experience Rebound If This Price Is Attained, Analyst Explains Read More »

Ethereum Drops Below The 100-Day Moving Average – What’s Next?

Ethereum

The crypto market is experiencing a pullback after Bitcoin, the leading cryptocurrency, reached a new all-time high. However, Ethereum (ETH) is not left out in this downward move. After setting a new yearly high of $4,094, the price of Ethereum has been moving downward and this has led to the price trading below the 100-day…

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March Sees Nearly $1 Billion In Ethereum Netflow To Centralized Exchanges – What’s Happening?

Ethereum

The price of Ethereum has not exactly lived up to its promise as the month has gone on, despite a stellar start to the month. While this bearish pressure has been widespread in the general cryptocurrency market, regulation uncertainty has been an additional concern for ETH, igniting a negative sentiment around the “king of altcoins.”…

March Sees Nearly $1 Billion In Ethereum Netflow To Centralized Exchanges – What’s Happening? Read More »

Ethereum Sees Notable Rise In Daily Activity, But Why Is Price Down?

Ethereum

Ethereum’s network has seen notable growth recently in both daily active users and daily transaction volume, yet the price of ETH, Ethereum’s native cryptocurrency, has undergone corrections in the past few days. Notably, Ethereum is down by over 10% in the past seven days, underperforming Bitcoin and the S&P 500. While this decline can be…

Ethereum Sees Notable Rise In Daily Activity, But Why Is Price Down? Read More »

Top Analyst’s Bold Prediction: XRP Set To Skyrocket 1,500%

Xrp

XRP, the native token of Ripple, is stirring up excitement in the crypto market with analysts predicting a potential short-term price explosion. However, the extent and timing of this surge remain a point of contention. In a recent analysis of the cryptocurrency market, several market analysts have expressed optimism about the short-term prospects of XRP,…

Top Analyst’s Bold Prediction: XRP Set To Skyrocket 1,500% Read More »

Bitcoin Addresses Add $1.6 Billion In BTC In A Single Day – Price Recovery Soon?

Bitcoin

The price performance of Bitcoin over the past week has been a source of concern for the majority of the crypto community. This has pretty much been the case for other cryptocurrencies in the market, with several large-cap tokens reversing their recently-accrued profits. However, some investors are treating the recent price decline as a rare…

Bitcoin Addresses Add $1.6 Billion In BTC In A Single Day – Price Recovery Soon? Read More »

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