Tag: BTCUSDT

Bitcoin Hashrate Falls Off, Miners Expecting Pause In Bull Run?

On-chain data shows the Bitcoin Hashrate has seen a setback recently, a potential indication that miners may not believe the asset’s run would last. Bitcoin Mining Hashrate Has Declined Since Its All-Time High The “Hashrate” refers to a metric that keeps track of the miners’ total computing power currently attached to the Bitcoin network. This…

Bitcoin Miners Sold Over 3,000 BTC In The Past 48 Hours – Consolidation Phase Ahead?

Bitcoin has maintained its bullish momentum over the weekend, solidifying its position above the $90,000 mark. This milestone showcases Bitcoin’s resilience as it continues to captivate investors with its upward trajectory. The market has been buzzing with optimism as Bitcoin inches closer to new highs. However, recent on-chain data suggests that a potential pullback could…

Bitcoin Bulls Aren’t Backing Down: Rally Continues?

Bitcoin price saw a short-term correction below the $90,000 zone. BTC is now again rising and the bulls could now aim for a move above $94,000. Bitcoin started a fresh increase from the $86,600 zone. The price is trading above $88,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line…

Bitcoin Demand Outpaces Supply – On-Chain Metrics Reveal Low Seller Volume

Bitcoin spent the weekend trading within a relatively narrow range of $91,700 to $88,700, demonstrating robust price action. Despite the lack of significant price movement, the consistent ability to hold within this range underscores Bitcoin’s current strength and growing market confidence. Key data from CryptoQuant adds further optimism, revealing a notable reduction in selling pressure.…

Bitcoin MVRV Hits Critical Threshold For Profit Taking – What Does This Mean?

Bitcoin recorded another remarkable price performance in the past week, gaining by 19.16% according to data from CoinMarketCap. The crypto market leader established a new all-time high at $93,434 on Wednesday, as odds of achieving a six-figure market price by year’s end are now higher than before.  Amidst the current market euphoria, CryptoQuant analyst Amr…

Bitcoin Golden Multiplier Ratio: Analyst Says The Party Is Just Getting Started

Crypto analyst CryptoCon recently alluded to a Bitcoin ‘Golden Multiplier Ratio,’ which he suggested paints a very bullish picture of the Bitcoin price. Based on this, the analyst remarked that the party was just getting started, indicating that the flagship crypto is likely going much higher.  Bitcoin Golden Ratio Multiplier Indicates Price Is Going Higher…

Bitcoin Projected To Hit $1.5 Million By 2030, Says ARK Invest CEO Cathie Wood

Cathie Wood, CEO of asset manager and crypto ETF issuer ARK Invest, has long maintained her bullish outlook on Bitcoin, and her recent comments reinforce her optimistic projections for the largest cryptocurrency.  Following Donald Trump’s electoral victory over Vice President Kamala Harris last week and Bitcoin’s recent surge to an all-time high of $93,250, investor…

Bitcoin Exchange Reserves Hit 5-Year Low—What Does This Signal?

The Bitcoin market appears to have taken an intriguing turn as the asset’s reserves on centralized exchanges have hit the lowest levels since November 2018. This development, highlighted by a CryptoQuant analyst known as G a a h, points out a notable change in BTC’s investor behavior within the crypto space and also suggests quite…