On-chain data shows the Bitcoin aSOPR metric has dropped to lows not seen since December 2018, suggesting that holder capitulation is deepening. Bitcoin aSOPR Plummets To Lows Not Observed Since Almost 4 Years Ago As pointed out by an analyst in a CryptoQuant post, the current capitulation is deeper than during both the 2015 bear…
BTC’s price lost its all-time high of $18,000 as FTX fiascos continued to affect its price Price continues to look bearish with the market’s current state, as things look uncertain for most traders and investors BTC’s price bounces from a low of $15,500 on the daily timeframe as the price reclaims the 50 Exponential Moving…
After a year of near dormancy, Bitcoin funds of the rogue exchange BTC-e are on the move again. Chainalysis, an American blockchain analysis firm headquartered in New York City, is reporting that 10,000 BTC, worth about $165 million, have been transferred. The destination of the transactions are personal wallets, exchange deposit addresses and other services.…
Bitcoin price gained pace and was able to clear $16,500. BTC must settle above $17,000 to start a real recovery in the near term. Bitcoin started an upside correction and climbed above the $16,500 resistance. The price is trading above $16,400 and the 100 hourly simple moving average. There was a break above a major…
Data shows the crypto market has become highly correlation again in the past week as all indexes have been closing following Bitcoin. All Market Cap Weighted Crypto Indexes Have Been Moving Together Recently According to the latest weekly report from Arcane Research, the 30-day ETH-BTC correlation now has a value of 0.95. To assess the…
On-chain data shows Bitcoin is closing in on a crossover that has historically proved to be bullish for the price of the crypto. Bitcoin Short-Term And Long-Term UTXO Age Bands Approach Crossover As pointed out by an analyst in a CryptoQuant post, BTC has usually observed a significant rise following the formation of such a…
The Bitcoin price plunged to a new bear market low at $15,487 on Monday after rumors intensified that Genesis Trading and Digital Currency Group (DCG), which also owns Grayscale with its 635,000 BTC strong GBTC, would go bankrupt. Since then, the Bitcoin price is recording a relief rally. At press time, Bitcoin was trading at…
The crypto market often runs on a cycle of highs and lows. Conscious investors leverage the lows to enrich their wallets with assets awaiting the bull run. This quarter’s bearish trend is no exception. The past few weeks in the crypto market have been filled with massive losses following the FTX collapse. The extreme macroeconomic…
The Bitcoin price plunged to a new bear market low at $15,487 on Monday after rumors intensified that Genesis Trading and Digital Currency Group (DCG), which also owns Grayscale with its 635,000 BTC strong GBTC, would go bankrupt. Since then, the Bitcoin price is recording a relief rally. At press time, Bitcoin was trading at…
BTC’s price shows strength as price bounces off from a weekly low of $15,500 to trend higher, giving bulls some relief. BTC’s price continues to look strong as bearish sentiment for the market lingers, with things looking uncertain for most traders and investors. BTC’s price bounces from a low of $15,500 on the daily timeframe…