Bitcoin Long-Term Holders Offload Over 177k BTC: Is A Price Surge Or Correction Next?
Bitcoin, often influenced by long-term holders’ (LTH) decisions, has witnessed significant selling activity among this investor group over the past week. While the reason behind the long-term holders offloading Bitcoin is not certain, the move appears to have impacted BTC, resulting in the recent correction in its price dropping below the $70,000 price mark. Bitcoin’s…
Tracking Bitcoin’s Profit Cycles: Could A New Market High Be Near?
Bitcoin price has seen many cycles over the years, marked by distinct growth phases, peaks, and corrections. To better understand these cycles, a CryptoQuant analyst, using the pseudonym ‘datascope,’ has highlighted the relevance of the UTXO Block Profit/Loss (P/L) Count Ratio Model. This tool offers unique insights into the balance of profitability and losses among…
TRON Reclaims Its Crown With 43% Dominance In Altcoin Transactions
The TRON network has been making a notable impact across altcoin ecosystems, regaining its position as the leading blockchain for transaction volume among major altcoin chains. According to a CryptoQuant analyst known as ‘Maartuun,’ TRON has shown substantial transaction dominance recently, handling roughly 43% of transactions across major altcoin blockchains as of October 30. This…
Bitcoin Volatility To Peak By November 8 As ‘Trump Trade’ Intensifies – Report
According to Bitfinex, Bitcoin (BTC) volatility is set to intensify over the next week. A “potent mix” of geopolitical and macroeconomic factors has significantly influenced the flagship crypto’s performance, with anticipation for the outcome of the US election and Q4’s close setting a potential target of $80,000 by year-end. Bitcoin Volatility About To Reach Its…
Stablecoins Signal Strong Bitcoin Demand: Could BTC Renew Its ATH Soon?
The recent activity in Bitcoin price and demand metrics suggests a potential resurgence in market interest, which could lead to a renewed all-time high. So far, Bitcoin has recently achieved a significant price rebound, reclaiming a trading level above $70,000 after a sustained period of resistance just below this price mark. This uptrend follows a…
Neiro Breaks Above Key Level Following 10% Weekly Drop, Is $0.0020 Next?
Despite Neiro (NEIRO)’s recent price drop, analysts and investors seem bullish on the memecoin. Some market watchers noted the cryptocurrency’s potential, suggesting the levels to watch ahead of the next bullish rally. Neiro Sees 10% Weekly Correction Neiro made the headlines three months ago after becoming an overnight sensation on the Ethereum Network. The memecoin…
Bitcoin Hash Ribbons Flash ‘Buy’ Signal: Analysts See New Highs On The Horizon
Bitcoin (BTC) has recently shown renewed strength in its market stance, with positive signals emerging from key market indicators. This emerging positivity in BTC’s market indicators comes on the heels of the asset seeing a gradual recovery in price over the past weeks. Earlier today, BTC again came closer to the $70,000 mark with a…
Bitcoin Dominates $3.4 Billion October Crypto Inflows—What’s Behind the Boom?
Investment activity in digital assets surged almost throughout October, as crypto investment products, especially that of Bitcoin, experienced substantial inflows, according to the latest data released by CoinShares. Last week alone, global crypto funds attracted $901 million in net inflows, pushing the total for the month to $3.4 billion. Bitcoin Dominates Inflows As Ethereum Sees…
Would Bitcoin Reclaim $70,000 Soon? Key Data Suggests New Investors Hold the Key
Bitcoin recent decline has led to a slight pushback in investor confidence and increased anticipation within the crypto community, with many now craving a rally back above $70,000 more than before. Amid this, a new analysis suggests that although the Bitcoin market could be on the brink of a major breakout, it hinges on a…
SUI To Face Another Pullback Following 5.3% Dip, Analysts Forecast 30% Correction
SUI, the native token of the Sui Network, has seen a 13% pullback in the past seven days, halting its bullish rally. The cryptocurrency broke from a 1-month structure, fueling a bearish sentiment among market watchers, who foresee further downside for the token. SUI Loses Key Support Zone SUI has been on a downtrend this…