On-chain exchange activity exploded during Bitcoin’s recent breakout, seemingly confirming the legitimacy of the price momentum. Bitcoin’s (BTC) recent breakout was accompanied by a massive spike in on-chain exchange volume activity, according to data from Glassnode. On-Chain exchange activity. Source: Glassnode. Unlike regular trading volume that is often artificially inflated by the exchanges, on-chain activity […]
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Bitcoin has made a decisive move above $10,500, which is likely to boost sentiment and pull several altcoins higher. Gold made a new lifetime high today, eclipsing the previous high made in 2011. This is possibly the result of investors buying the asset as a way to hedge against the possible debasing of fiat currencies […]
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Bloomberg is optimistic about Bitcoin price advancing beyond $12,000 in the near future on the strength of on-chain and off-chain indicators. Bloomberg’s mid-year report indicates that the price of Bitcoin (BTC) could soon rise above $12,000. Active addresses on the rise The report contends that both on-chain and off-chain indicators for Bitcoin point to the […]
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$10,390 briefly appears as optimism spills over into the new trading week, with safe-haven gold already at record highs against the dollar. Bitcoin (BTC) hit its highest in over ten months on July 27 as bulls took control and sent the largest cryptocurrency past $10,350. Market overview from Coin360. Data from Cointelegraph Markets and Coin360 […]
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New research from Xangle suggests on-chain activity may not be the best indicator to assess Ethereum, after the price failed to rally in Q2. Though some on-chain activity for Ethereum is similar to the conditions before the price rallied to its all-time high in 2018, it failed to demonstrate the same bullish behavior in 2020. […]
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On-chain data shows Bitcoin’s recent surge to $10K is not pressuring traders to sell, meaning BTC could rally higher. Bitcoin (BTC) may have only held $10,000 for a matter of hours, but according to glassnode, an on-chain monitoring resource, this moon is not like others in 2020. On July 26 Glassnode uploaded surprising data about […]
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Bitcoin finally moved above the $10K mark and analysis suggests that BTC and altcoins will continue to rally together. The total crypto market capitalization has reached $300 billion for the first time since mid-February, which is a huge positive as it suggests increased investor interest in cryptocurrencies. The interest has largely been in smaller altcoins […]
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Polyient Games’ Craig Russo believes that the NFT market has come to represent one of the “most attractive opportunities” across digital assets. Non-Fungible Tokens (NFTs) are emerging as a very popular blockchain trend in gaming, as they’re also now being used in the sports industry (ticketing), financial services, and as a way to sell and […]
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The price of Bitcoin is showing strength as it broke through a key level this week and putting $10,000 within reach once again. The price of Bitcoin (BTC) held the crucial support level of $9,000, after which a rally to $9,600 occurred, as anticipated in last week’s technical analysis. Nevertheless, the overall market trend for […]
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As Bitcoin price moved to $9.6K, the price of the Ethereum token Ether (ETH) is on the verge of rallying to a new 2020 high. Ether (ETH) price has shown an incredibly strong performance this week, rising more than 22% since the start of the week and currently less than one dollar away from setting […]
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