Bitcoin keeps moving sideways in a tight range as regulatory pressure in the U.S. mounts with two lawsuits against major crypto exchanges. The number one crypto by market cap could yet see crab-like price action, but the bulls could catch a break in the short term, according to an analyst. As of this writing, Bitcoin…
On-chain data shows the Bitcoin realized loss metric has stayed at a low value recently, despite the volatility that the coin has experienced. Bitcoin Realized Loss Continues To Be At A Relatively Low Value According to data from the on-chain analytics firm Glassnode, investors realized just $112 million in losses during the recent plummet in…
Data from Santiment suggests that the latest Bitcoin rebound took place after most investors had given up on the idea of it happening. Bitcoin Observes Rebound After “Buy The Dip” Crowd Goes Silent According to data from the on-chain analytics firm Santiment, calls for buying the dip had mostly disappeared right before the actual rebound.…
Bitcoin price trimmed yesterday’s losses and climbed above $26,500. BTC is now again facing strong resistance near the $27,400 zone. Bitcoin started a fresh decline after it dived toward the $25,500 support. The price is trading above $26,500 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line…
Jack Dorsey, the former CEO of Twitter, while replying to a comment on June 6, alleged that Ethereum (ETH), the world’s second-largest cryptocurrency exchange, is a security under United States laws. This controversially implies that holders of ETH should, as directed by law, comply with rules enforced by the Securities and Exchange Commission (SEC). Dorsey Claims…
On-chain data shows yesterday’s Bitcoin crash from $27,300 to $25,800 alone sent 6.5% of the supply into a state of loss. Bitcoin Supply In Profit Shrunk Down To 62.5% Following The Price Plunge According to data from the on-chain analytics firm Glassnode, a further 1.26 million coins were lost after the latest price plummet. The…
Bitcoin (BTC) has experienced a negative reaction following the SEC’s continued crackdown on the crypto industry. The regulatory body recently filed a complaint against the largest exchange in the industry, Binance, contributing to Bitcoin’s decline. However, there may be a glimmer of hope for the cryptocurrency, as it has managed to recover the $26,000 level.…
The cryptocurrency market experienced a significant jolt as Bitcoin, the largest cryptocurrency by market capitalization, slipped below its previously plateaued threshold of $26,000. This downward movement has led to a surge in total liquidations, with traders losing more than $300 million within a span of 24 hours. The repercussions of this event are reverberating throughout…
Amid the continuous downward trend in the global crypto market, leading on-chain analytics firm Glassnode yesterday reported some significant movement recorded in the Bitcoin (BTC) and Stablecoin markets. According to Glassnode, the dominance of Bitcoin and stablecoin flows have seen “dramatic shifts” over the years. Changes In Bitcoin Supply Ownership In a series of tweets…
Bitcoin price is down 5% and trading below the $26,000 level. BTC is now at risk of a move toward the $25,000 support in the near term. Bitcoin started a sharp decline below the $27,000 level. The price is trading below $26,500 and the 100 hourly Simple moving average. There is a connecting bearish trend…