Bitcoin Mining Set to Hit New Record High – What’s Driving the Surge? Bitcoin / Source: Adobe The Bitcoin mining difficulty is about to be adjusted to a fresh record high, reflecting a continued rise in the number of mining machines competing to secure the network. According to data presented by CoinWarz.com, the BTC mining difficulty will be lifted from its current level of 49.55 trillion to 50.91 […]
Bitcoin supply in loss at 68% after BTC price drop from $31k local top Bitcoin supply in loss has risen to 68%, with 6.67 million BTC under water water at current spot price. Indeed, on-chain data shows 2.71 million BTC has fallen into loss as Bitcoin price dropped from the $31k local top. With sell-side risk ratio approaching its all-time lows, Glassnode analyst James Check says BTC could see […]
Bitcoin bulls tap Hong Kong news to test key resistance Bitcoin price rose to $27,500 on Coinbase early Tuesday, with the upside coinciding with positive crypto news from Hong Kong. This is after the Securities and Futures Commission (SFC) announced that registered exchanges will begin allowing retail investors to trade BTC and ETH from 1 June. Analysts say Bitcoin’s immediate price outlook needs a break […]
Bitcoin supply held by shrimps hits all-time high of 1.31 BTC Bitcoin wallets with less than 1 BTC now hold an all-time high of 1.31 million coins. Shrimps have been adding an average of 26,000 BTC every month, data shows. The growth of the shrimp cohort is a positive development for the Bitcoin network. The amount of Bitcoin held by “shrimps” – those wallet entities that […]
This Metric of Bitcoin (BTC) Price Momentum Just Fell to its Lowest Since March – Is Now a Good Time to Buy? Bitcoin. Source: Adobe A key metric that measures momentum in the Bitcoin price just fell to its weakest level since March. Last week, Bitcoin’s Z-score to its 200-Day Moving Average fell under 1.0, where it has remained more or less ever since. That means that the current Bitcoin price is only just under one standard […]
This Key On-chain Indicator Will Soon Join the List of Those Signalling a Bitcoin (BTC) Bull Market is Here Bitcoin. Source: Adobe An indicator that has reliably triggered ahead of the last three major Bitcoin bulls markets looks like it is about to turn green. Bitcoin’s Realized Price – the average price at the time at which each coin last moved – looks like it will soon cross above the Realized Price of Long-term […]
3 reasons why Lido DAO price jumped 40% in a week — Outperforming Bitcoin, Ethereum LDO price is well-positioned to gain another 50% by June based on a classic bullish reversal setup after Lido DAO rebounds 40%. Altcoin Watch Join us on social networks The price of Lido DAO (LDO) has rebounded to its three-week high of $2.21 as of May 16, up 40% when measured from its local low […]
Okx Introduces New Ordinals Marketplace Amid Bitcoin Inscription and BRC20 Buzz On Tuesday, the crypto firm Okx announced the launch of a new Ordinals marketplace. The platform is accessible via the Okx Wallet and will enable users to mint and trade Ordinal inscriptions and BRC20 tokens. While the Ordinals marketplace is still in its early stages, users can take advantage of the ability to view and […]
Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate Ahead of US Retail Sales Data Bitcoin consolidated below a key price floor on Tuesday, as markets were preparing for upcoming U.S. retail sales figures. Following two months of declines, sales in the United States are expected to rebound, as inflation cools off. Ethereum remains above the $1,800 level. Bitcoin Bitcoin (BTC) consolidated in today’s session, as markets were preparing for […]
Despite Transfers Lingering in the Mempool, Bitcoin’s Daily Transaction Rate Taps All-Time High Bitcoin is on a roll in 2023, breaking records left and right. For instance, on May 2, at block height 787,895, the cryptocurrency’s hashrate soared to 491 exahash per second (EH/s). Moreover, on April 20, at block height 786,240, the difficulty hit a new high of 48.71 trillion. But that’s not the only thing that’s […]
Number of Bitcoin Wallets With At Least 1 BTC Hits 1 Million – Smart Money Still Moving In? Bitcoin. Source: Adobe Last Friday was a historic day for the Bitcoin network. For the first time in Bitcoin’s history, the number of wallet addresses holding at least 1 BTC entire token surpassed one million. The consistent rise in the number of so-called “wholecoiner” Bitcoin wallets, which resumed in 2022 after pausing in 2020 and […]
Bitcoin Price Outlook for May Midway through May and bitcoin has mostly fallen lower, as markets digested several key pieces of economic data. The headline was another rate hike by the Federal Reserve, which came as U.S. non-farm payrolls rose marginally higher than expected. Heading into the last fortnight of the month, could bulls be on the brink of returning? […]
Bitcoin price prediction: analyst’s BTC forecast amid bulls attempts to reclaim key area Bitcoin price has recovered from its dip to $25,800, with price currently above $27,400. BTC could continue to bounce into the $28,000-$30,000 range as broader market sentiment improves. However, an analyst’s Bitcoin price prediction suggests bad news for BTC if $27,600 becomes new resistance level. The price of Bitcoin as of May 15, 2023 9:50 […]
Bitcoin, Ethereum Technical Analysis: BTC Rebounds From 2-Month Low, Climbing Back Above $27,000 Bitcoin was back in the green on Monday, as prices climbed back above the $27,000 level to start the week. Prices slipped to a two-month low over the weekend, however momentum has marginally shifted. Ethereum was also higher today. Bitcoin Bitcoin (BTC) jumped back above the $27,000 level to start the week, as sentiment showed […]
Bitcoin Will Probably Retest $25K But Bears Beware, On-chain Indicators Suggest BTC Price in Early-Stage Bull Market
Crypto price prediction: Bitcoin, Ethereum and KAVA after CPI data Bitcoin price broke to $28,200 while Ethereum hovered above $1,800 as stocks climbed on US CPI data. KAVA price also rose, jumping 11% amid the positive sentiment and increased network activity. BTC, ETH and KAVA are trading near key technical levels. The global cryptocurrency market rose 1.8% on Wednesday to $1.2 trillion as investors reacted […]
Bitcoin Network in Flux as BRC-20 Craze Sends Transaction Fees Towards Multi-Year Highs – What Next for BTC Price? Bitcoin. Source: Adobe The Bitcoin network is in flux amid a surge in the popularity of BRC-20 tokens, a new Bitcoin blockchain-based fungible token standard inspired by the Ethereum blockchain’s ecosystem of ERC-20 tokens. The BRC-20 standard, which was developed and deployed by a pseudonymous Twitter user by the name of Domo only just over […]
Bitcoin To Drop Further? Whales Show Signs Of Dumping On-chain data shows the Bitcoin exchange whale ratio has spiked recently, something that could lead to further downside in the asset’s value. Bitcoin Exchange Whale Ratio Has Sharply Surged Recently As pointed out by an analyst in a CryptoQuant post, the exchange whale ratio is currently at its highest level since September 2019. The “exchange […]
Bitcoin, Ethereum Technical Analysis: BTC Extends Declines, as Markets Continue to React to Nonfarm Payrolls
'Bitcoin is not under attack:' BTC maxis allay fears of a DoS offensive Concerns circulated on Crypto Twitter of a denial of service (DoS) attack on the Bitcoin network. News Own this piece of history Collect this article as an NFT Join us on social networks A sudden spike in Bitcoin (BTC) transaction fees and unconfirmed transactions sparked concern on Crypto Twitter over the weekend of a potential […]
Bitcoin Price Faces Another Rejection, Risk of Renewed Downtrend Increases Bitcoin price failed to clear the $30,000 resistance. BTC is declining and remains at risk of a move toward the $27,200 support zone. Bitcoin is moving lower from the $29,750 resistance zone. The price is trading below $28,800 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance […]
4 Reasons To Be Bullish On Bitcoin In Short-And Mid-Term The Bitcoin price continues to consolidate within the trading range between $27,800 and $30,000. Even though the buy side currently seems to have lost momentum and the bears feel in control, there are numerous good arguments why the Bitcoin price will write new yearly highs in the short and medium term. 4-Hour Chart Of Bitcoin […]
