How will the crypto industry fare in the new year? Another year has come and gone. The rollercoaster that was 2020 requires little (if any) preamble. It must be said, however, that the blockchain segment experienced something of a return to form during these otherwise painful latter days. Indeed, we closed the year with prices […]
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High-net-worth investors, or whales, have been buying Bitcoin more aggressively since Christmas, on-chain data show. Bitcoin (BTC) whales have been buying more since Christmas, on-chain data shows. This indicates that high-net-worth investors are continuing to eat up the supply of BTC. It is nearly impossible to segregate institutional investors from individual investors through on-chain data. […]
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Daily highs of $23,625 for Bitcoin price show fresh bullish appetite. Bitcoin (BTC) price hit highs above $23,500 on Dec. 22 as Monday’s weakness flipped to see bulls challenge previous levels. BTC price in 5.2% daily gains Data from Cointelegraph Markets, Coin360 and TradingView show BTC/USD returning to positions lost over the weekend, topping out […]
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Here’s what traders expect after Bitcoin’s surge above $23,600 triggered a $138 million squeeze on short contracts and led BTC price to $24,200. The price of Bitcoin (BTC) surpassed $24,000 on Dec. 19, reaching a new all-time high. On Coinbase, BTC peaked at $24,200 and has since consolidated into the $23,500 to $23,800 range. Three […]
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Bitcoin hits a fresh all-time high of $24,210 on Coinbase as volatility ensures the weekend bulls are not yet done. Bitcoin (BTC) set a new all-time high on Dec. 19 as markets continued to deliver surprises in weekend trading. BTC price just hit another all-time high Data from Cointelegraph Markets and Tradingview showed BTC/USD just […]
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The Binance Futures funding rate overtook Deribit on Dec. 18, which has historically led to Bitcoin to consolidate or pull back. The Bitcoin (BTC) futures funding rate on Binance Futures overtook Deribit on Dec.18, according to data from CryptoQuant. Historically, when this happened, the dominant cryptocurrency saw a local top or consolidation. The funding rate […]
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Institutions make mincemeat of the whales who just recently held huge sway over market sentiment below $20,000. Bitcoin (BTC) is seeing a new kind of “flippening” above $20,000 as its original whales keep selling their coins to bigger institutional buyers. Data from on-chain analytics service CryptoQuant shows that despite long-term investors rushing to offload BTC […]
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Another $1,000 CME futures gap opens but Bitcoin shows clear strength as it aims to tackle pivotal $20,000 resistance. Bitcoin (BTC) begins a new trading week within 5% of the mythical $20,000 price level — but can it get there this time? As the largest cryptocurrency lines up for another shot at overcoming seminal resistance, […]
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Bitcoin price may have hit a multi-year high, but numerous fundamental factors signal that even better days are ahead. The end of 2020 has been lighting up crypto-centric subreddits and feeds of Bitcoin hodlers as the appetite for the digital bullion reaches an all-time high. The explosion has been accelerated via the adoption of the […]
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The Bitcoin Miners’ Position Index achieved a three-year high, indicating that miners are likely in a selling mood. Bitcoin (BTC) miners appear to be selling large amounts of BTC once again. Data from CryptoQuant shows that the BTC Miners’ Position Index — a metric tracking the ratio of BTC leaving miners’ wallets — achieved a […]
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