On-chain data shows the total number of Bitcoin whales surpassed a 3-year high above 1,800 over the past 3 months. Recently published data from glassnode shows there are currently more than 1,800 Bitcoin (BTC) whales. From a macro perspective, this increase in the number of whales can be considered bullish. The term whale is used […]
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The price of Bitcoin dropped below $9,000 as several factors put pressure on BTC/USD, including correlation with global stock markets. The price of Bitcoin (BTC) dropped below $9,000 from $9,660 within seven hours. The 7% plunge comes as $55 million worth of long futures contracts were liquidated on BitMEX. Four factors are likely behind the […]
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Australians can deposit money for a local Bitcoin exchange at the post office. Australians can now pay for Bitcoin (BTC) at the country’s post offices, thanks to a new collaboration. According to a June 24 announcement, customers of local cryptocurrency exchange Bitcoin.com.au will be able to pay for Bitcoin at more than 3,500 Australian Post […]
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The Bitcoin blockchain network recently saw its biggest mining difficulty adjustment in more than two years. Yet, the sentiment remains positive. The Bitcoin blockchain network experienced its biggest mining difficulty adjustment in over two years on June 17. Surprisingly, the hash rate of Bitcoin has not dropped off by a large margin. The response of […]
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Stock markets settling provides the background to a calmer status quo for Bitcoin, but upcoming events could soon change the mood. Bitcoin (BTC) begins a new week trading in a familiar corridor below $10,000 — will it stay there or is volatility actually incoming? Cointelegraph Markets’ weekly newsletter gives you five factors influencing Bitcoin’s price […]
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Exchanges’ fund flow ratio casts the spotlight on whale behavior after selling pressure sends BTC/USD below $9,000. Bitcoin (BTC) whales tend to dump large amounts of BTC on the market when exchanges are quiet in order to get attention. That was the conclusion from Ki Young Ju, CEO of on-chain analysis provider CryptoQuant, who eyed […]
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Selling by Bitcoin whales dropped BTC reserves at major exchanges and triggered today’s sell-off to $8,900. As the weekly open commenced Bitcoin price dropped below $9,000 in a rapid pullback, liquidating $30 million in longs on BitMEX alone. According to market data, part of the sell off was the movement of crypto whales closing positions […]
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On-chain data provides valuable insight into the Bitcoin network and BTC price action, but which metrics are useful for the average investor? The public nature of blockchains continuously generates an endless stream of data, as every single transaction and address leaves a clear trace. This information, known as on-chain data, provides a way to precisely […]
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Strengthening network fundamentals support the bullish case for Bitcoin price one month after the halving. Cointelegraph Markets’ post-halving Bitcoin (BTC) analysis report takes a deep look at the 2020 halving, its effect on the crypto market and miners, and how it compared to the previous halving events. The three main sections of this report are: […]
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Investment firm ETC Group plans to list a Bitcoin ETP on Germany’s Xetra digital stock exchange in late June. London-based ETC Group will list the first crypto exchange-traded product on Germany’s Xetra digital stock exchange this month. Traders in the UK, Italy and Austria will also be able to deal in shares of the new […]
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