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…
Tag: crypto
As Bitcoin Rises, Why is Ethereum Struggling To Catch Up? Analyst Explains
While Bitcoin has faced strong bullish momentum in recent weeks, achieving new all-time highs consistently for days, Ethereum has been an underperformer, unable to catch up with BTC’s bullish pace. Even compared to other crypto assets (altcoins) in the market, Ethereum has failed to make a major rally that melts faces. Instead, as Bitcoin achieved…
PNUT Climbs 200% For Fresh ATH After Elon Musk Tweet – Details
Peanut the Squirrel has rapidly gained prominence in the cryptocurrency sector, establishing itself as a leading memecoin on the Solana blockchain. Within a 24-hours span, PNUT surged almost 200% to attain an all-time high price of $2.4 on November 14, before stabilizing at approximately $2.23. This rapid ascent has rendered it the highest daily gainer and…
Bitcoin Hits $90K Milestone—Is A Path to $100K On The Horizon? Analyst Weighs In
Bitcoin has reached a major milestone by surpassing the $90,000 price mark, marking a significant moment in its ongoing bullish rally. The price surge has drawn the attention of existing investors and attracted a new wave of market participants. This influx is evidenced by the increase in UTXO (Unspent Transaction Output) Age Bands. This metric…
Record-Breaking Bitcoin Rally Post-Trump Victory Begins To Cool In Derivatives Trading, What’s Next?
The massive Bitcoin (BTC) rally following Donald Trump’s victory in the US presidential election is beginning to show signs of slowing down, particularly in the derivatives market, as evidenced by the leading digital asset’s retreat below the $90,000 mark on Thursday. Bitcoin Experiences Significant Liquidation Activity According to Bloomberg data, the premium for CME-listed Bitcoin…
Bitcoin Expert Predicts Correction To $78,000 CME Gap, Reveals Date For Next Bear Market
Bitcoin (BTC) has recently experienced a massive surge, rising over 39% since November 5th to reach a new record high of $93,250 on Wednesday. However, the largest cryptocurrency by market capitalization has since experienced a pullback and is currently trading around $88,800. Market analyst Quinten Francois has suggested that this retracement could extend further, potentially…
Binance Dominates As Bitcoin Futures Volume Hits New Peaks Amid Historic Price Rally
Bitcoin has continued its bullish momentum streak, reaching a new all-time high on November 13 and triggering a wave of activity across the crypto market. In particular, the futures market has been significantly impacted, with a surge in trading volume for the BTC/USDT pair. This increase has highlighted an intense period of market engagement, with…
XRP Ledger Booms: $44 Million In Transactions As Activity Soars
XRP has been experiencing a significant increase in on-chain activity, which has resulted in a recent surge in its popularity. Analysts and investors have expressed interest in the XRP Ledger, Ripple’s digital payment platform, due to its increased transaction throughput. CryptoQuant recently noted an increase in the NVT (Network Value to Transactions) Ratio of XRP…
Toncoin Liquidity and User Activity Reviewed by Analyst: Insights on Market Impacts
Toncoin (TON) has seen notable changes in its market dynamics so far, driven by supply variations and heightened user engagement across its ecosystem. Particularly, according to a recent analysis by CryptoQuant analyst Shiven Moodley, TON’s total supply has steadily grown, moving from approximately 5.01 billion tokens to around 5.1 billion tokens. This growth, however, comes…
Bitcoin Crosses $93,000 – Is There More Room for Gains or Are We Nearing a Peak?
Bitcoin has continued with its strong bullish momentum, trading at highs that have never before been seen. Today, the asset has achieved a new all-time high of roughly $93,477. This ATH was achieved not long ago following an earlier dip today to $85,000. However, at the time of writing, BTC has seen a slight pullback,…