Tag Archives: Bitcoin (BTC) Price

The percentage of Bitcoin Unspent Transaction Outputs (UTXOs) in profit has fallen to its lowest level this year, last seen in October 2023. This decline in this metric aligns with the current plunge in bitcoin’s (BTC) price and the downward trajectory of the broader crypto market. According to a report by CryptoQuant analyst EgyHash, this could be a sign of an incoming massive rally. Bitcoin UTXOs in Profit Decline A Bitcoin UTXO refers to the amount of cryptocurrency that...

Bitcoin had finally seen a minor relief rally that drove it to $57,000 after the US jobs report when the bears reminded of their presence and pushed it south hard. The total liquidations have skyrocketed to about $150 million on a daily basis. The primary cryptocurrency has faced its fair share of adversity in the past week or so, as its price tumbled from $65,100 last Monday to $55,500 earlier today. This is when some positive news affected the market. As reported earlier...

In a post on X on Sept. 4, the American billionaire businessman said that Bitcoin has been an outsider to the TradFi community over the past five years, and it’s only now “dipping its toe into global finance.” He added that his firm, Cantor Fitzgerald, will help the traditional finance sector onboard Bitcoin as it wants new asset classes. “Cantor will help tradfi bring Bitcoin all the way in. Tradfi wants new asset classes, and BTC is here to stay.” TradFi Companies Want...

Bitcoin’s price is back above $58K, registering an increase of around 3% in the past 4 hours alone. As CryptoPotato reported earlier today, the market had shed some $100 billion off its total market capitalization as the BTC price dropped to a monthly low of under $56,000. Most of the altcoins followed suit, trading deep into red territory. ETH plunged to $2,400, while BNB bears were able to push the price toward $510. Fortunately, the bulls woke up and are now erasing much...

Alongside a lackluster market, there has been a significant decline in whale activity across most major crypto assets. According to the latest analysis by Santiment, Bitcoin and Ethereum are seeing noticeable drops in $100k+ transactions. Whale Activity Plummets During the highly active period of March 13-19, Bitcoin saw 115.1k transactions valued at over $100k each, reflecting intense activity from large holders. However, by 21-27 August, this number had nearly halved to...

A lot can change in the cryptocurrency markets within the span of the week. This is what happened to bitcoin and most altcoins since last Friday when BTC soared from around $60,000 to over $64,000 on Saturday after the bullish developments on US soil. Namely, Fed Chair Jerome Powell hinted at incoming interest rate cuts, and RFK endorsed pro-crypto presidential candidate Donald Trump and withdrew his campaign. The weekend for bitcoin was quiet despite the turbulence elsewhere...

Bitcoin appears to be struggling to position itself above $60,000. The world’s largest crypto asset by market cap is yet to recover from the fall earlier this week. As a result, its weekly losses compared to the surge last Friday stand at about 10%. However, its reserves on exchanges hitting new lows for the year paints a bullish picture. Bitcoin’s Dwindling Exchange Reserves As per CryptoQuant’s observation, bitcoin’s decrease in reserves suggests reduced selling pressure,...

Bitcoin’s price has yet to recover from the recent drop, consolidating without a clear indication of its future direction. However, there are some signs that it could drop further if it’s unable to overcome $60,000 soon. Recall that the largest digital asset slumped hard on Tuesday, dropping from over $63,000 to $58,000, before recovering slightly to its current levels of $60,000. Technical Analysis By TradingRage The Daily Chart On the daily timeframe, the asset has recently...

The realized capitalization of Bitcoin long-term holders (LTH) surpassed $10 billion this week for the first time ever. This highlighted the growing confidence among investors who hold the asset for extended periods, typically more than 155 days. The LTH metric is particularly crucial because it reflects the conviction of these holders in Bitcoin’s long-term potential, as they are less likely to sell during short-term market fluctuations. $10 Billion Milestone The latest...

TL;DR TRON was among the most talked-about crypto topics in the last week due to various potential reasons. AI-related cryptocurrencies and the GameFi sector also gained attention, with several tokens experiencing significant price increases over the same period. Those Making the Biggest Waves According to crypto analytics platform Santiment, the top 3 crypto social narratives that have created the most impression in the last seven days include bitcoin’s price, TRON, and...