As Bitcoin price surged above $10K, USDT exchange inflows reached an 8-month high. Tether (USDT) exchange inflow has recently spiked to its highest level in the last 8 months, according to data from on-chain data provider Glassnode. Exchange inflows for the stablecoin reached a 2020 high yesterday as Bitcoin (BTC) soared to $10,270, although BTC […]
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The governments of China and the U.S. frame digital currency as part of their great-power competition, but instead they should work on this technology together. Today, the relationship between China and the United States is one of escalating competition. On Oct. 23, 2019, Facebook CEO Mark Zuckerberg testified before the U.S. House Financial Services Committee […]
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Profitability mimics the height of last year’s bull run, but the circumstances have changed beyond recognition in 2020. The vast majority of the Bitcoin (BTC) supply is now in profit after its price bull run to $11,400, data shows. Tracked by on-chain monitoring resource Glassnode, as of July 27, almost 95% of the Bitcoin supply […]
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Bitcoin price rallied to $11,394 and surging volume suggests bulls have plans to press the price even higher. Within the last hour Bitcoin (BTC) price pushed through the $11,000 level in a high volume surge which saw the price reach a new 2020 high at $11,394. At the time of publishing the price has pulled […]
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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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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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Gold builds on all-time highs as markets wait for news from the U.S. Federal Reserve and Bitcoin price volatility returns — where will it go? Bitcoin (BTC) begins a new week above $10,000 and teasing investors with more gains — will it last or is a correction already guaranteed? Cointelegraph takes a look at the […]
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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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The price of Ether has hit a new yearly high at $322, as three key factors appear to be catalyzing the rally. The price of Ethereum (ETH) has reached a new yearly high at $322, surpassing the previous high achieved in February 2020. Three key catalysts are seemingly behind the ETH rally. Since early 2020, […]
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