On-chain data shows that Bitcoin whales have just had their most active hour in around three months as the asset has broken past $30,000. Bitcoin Whale Transaction Count Has Observed A Spike Recently According to data from the on-chain analytics firm Santiment, 259 whale transactions occurred two hours after the local top that the cryptocurrency…
A few hours after Bitcoin scaled the $30,000 mark, the global crypto market has been rocked by substantial liquidations. The past 24 hours alone have seen a drastic exodus of more than $260 million from the crypto market. This significant upheaval underlines the high-stakes, volatile nature of digital currency trading. Notably, traders currently at a…
Avalanche’s native cryptocurrency, AVAX, experienced a significant breakthrough when it successfully surpassed a crucial barrier at $13. This obstacle had proven to be a significant challenge for AVAX bulls in the previous weeks, hindering their upward momentum. However, drawing inspiration from Bitcoin’s impressive surge past the $30,000 mark, AVAX followed suit and decisively shattered this…
Dogecoin (DOGE) has recently experienced a rollercoaster ride. For over a week, its price struggled to break through the $0.063 resistance level, leaving investors uncertain about its future. However, there is a glimmer of hope as DOGE has managed to rebound from the support trendline of a channel pattern, sparking renewed interest and increasing accumulation…
Core Scientific, a prominent Bitcoin mining company, has recently made headlines as it filed for Chapter 11 bankruptcy protection. The move comes as the crypto industry grapples with the enduring effects of the ongoing crypto winter, impacting various firms in the sector. Core Scientific’s decision to seek bankruptcy protection is part of its strategy to…
On-chain data shows that derivative exchanges have observed elevated activity as Bitcoin has rallied towards the $29,000 level. Bitcoin Spot Vs Derivative Trading Volume Ratio Has Been Quite Low Recently As pointed out by an analyst in a CryptoQuant post, the latest price increase is mainly driven by the derivatives. The indicator of interest here…
Data shows the Bitcoin investor sentiment has turned to greed for the first time since May as the asset’s price has shot up towards the $29,000 level. Bitcoin Fear & Greed Index Is Pointing At “Greed” Now The “Fear & Greed Index” is an indicator that tells us about the general sentiment among the investors…
The crypto market has been thrown into a euphoric state over the last 24 hours as the price of Bitcoin has surged once more. In its latest run, the digital asset was able to retest the $29,000 resistance before being rejected but continues to hold up nicely above $28,000. This time around, dominance from US…
The dynamics of the crypto market never cease to enthrall, with bullish rallies and bearish downturns coloring the landscape. Yet, deciphering the key factors to ignite the next Bitcoin (BTC) bull run is no easy task. However, Nansen, a leading cryptocurrency analytics firm, recently voiced its perspective on this subject. In a report published on…