Bitcoin

  • Large Bitcoin wallets reach pre-FTX levels – What it means for BTC

    Addresses holding 1,000 or more have added more BTCs in the last four months. BTC maintained the bear trend with its current price trend. Bitcoin [BTC] has recently seen a rise in its price and the volume held by some addresses. This increase is significant as it approaches levels last seen before the FTX crash. Additionally, Bitcoin has now entered…

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  • Bitcoin repeats THIS historical pattern: Is a bull rally coming?

    Bitcoin saw a sharp rally in early May. The drop below the SSR oscillator bands was seen then- but will we see an extended rally hereon? Bitcoin [BTC] was trading at $67k at press time and threatened to break out past the range that it consolidated within over the past month. Fears around sell-offs around the halving period were losing…

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  • How Bitcoin can help Solana rise to a new ATH

    A 0.75 correlation coefficient showed Solana’s movements closely align with Bitcoin’s price. Negative sentiment around BTC and SOL could hinder immediate price gains. Solana’s [SOL] price could be set for a new All-Time High (ATH) according to Daniel Cheung, the co-founder of Syncracy Capital. Cheung posted this on X (formerly Twitter). According to him, Bitcoin’s [BTC] return to bullish territory…

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  • Bitcoin soars as exchange withdrawals dip: Further gains for BTC?

    Despite the massive price surge, BTC withdrawals from exchanges were relatively low. Activity on the Bitcoin ecosystem continued to decline. Bitcoin [BTC] has seen an unexpected surge in price over the last few days, which has inspired hope amongst traders and holders. Due to the surge in optimism, addresses have been holding on to your BTC. Withdrawals decline A minor…

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  • Bitcoin climbs above $67K: Will BTC cross $100K this time?

    Bitcoin’s price has increased by more than 10% in the last seven days.  BTC was testing resistance, and a breakout could start another bull rally.  Bitcoin [BTC] surprised investors last week as its price rallied by double digits. The trend sparked excitement in the market as expectations of BTC reclaiming $70k increased. In fact, if the latest data is to…

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  • BTC ETFs: Grayscale GBTC inflows near $1B in 1 week, analyst says…

    Institutional interest in Bitcoin grows, adding liquidity despite Grayscale’s recent high-fee withdrawals. Retail investors accumulate Bitcoin, enhancing decentralization, while whales show less interest. Bitcoin [BTC], the leading cryptocurrency, is beginning to recover from a week-long slump, currently valued at $67,093 with a 1.28% increase in the past 24 hours. Additionally, on the 17th of May, Farside Investors reported that Grayscale’s spot…

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  • Decoding Bitcoin’s recent price surge: This group leads the way

    Short-term holders began to accumulate large amounts of BTC. Whale accumulation of BTC slowed down. Bitcoin [BTC] witnessed a massive bump in price over the last few days, causing a surge in optimism amongst traders. But it wasn’t just traders that were showing optimism around BTC. Short term holders move in In the last few days, the Short Term Holders…

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  • As Bitcoin dominance drops, Chainlink exploits the market shift – How?

    LINK’s network activity increased along with its price.  Most metrics indicated a continued price rise, but a few suggested otherwise.  Chainlink [LINK] has gained much traction of late as its price rallied substantially during the last week. Interestingly, the token’s popularity rose while Bitcoin [BTC] dominance witnessed a slight drop in the recent past. Let’s take a closer look at…

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  • Bitcoin fees hit 3-month low: A $12M drop, explained

    Bitcoin’s total fees have dropped to a three-month low. Due to this, miners’ revenue derived from fees has declined. Bitcoin [BTC] network fees have fallen to a record low as the Layer 1 (L1) transaction volume continues to decline. In a post on X (formerly Twitter), on-chain data provider IntoTheBlock noted that transaction fees on the Bitcoin network plunged to…

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  • Tether Adds Fresh $1 Billion USDT To Supply, Bitcoin To Rally Again?

    According to data from CoinMarketCap, Bitcoin rose by 2.9% on Friday to trade above $67,000 for the first time since April 24. This positive price performance by the maiden cryptocurrency has been attributed to the low inflation levels reported in the latest Consumer Price Index (CPI) data.  However, Bitcoin is an asset subject to the influence of several forces. According…

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