Exchange balances for ETH and BTC move in opposite directions in a new insight into investor sentiment. Ether (ETH) is trading at its highest since before the March coronavirus crash, but data suggests that investors have little interest in holding the second-largest cryptocurrency by market capitalization. Uploading findings using on-chain monitoring resource Glassnode on July […]
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Almost 60% of 13,000 people say they will “hodl” Bitcoin to the grave if the BTC price fails to trade above $10,000. Bitcoin (BTC) has succeeded in trolling infamous skeptic Peter Schiff as another attempt to discredit investors falls flat. In a fresh Twitter survey on July 14, Schiff asked how long BTC/USD should trade […]
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The wait for Bitcoin’s next big price move is nearly over, and the next few days will signal which direction that will be. “What’s the price of those Bitcoin’s you keep talking about?” a friend asks me. I look at my phone and it’s still averaging around $9,200. “About the same as last month mate,” […]
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On-chain and trading data signal that traders have abandoned Litecoin, but for some reason long-term investors are hoarding LTC. Price wise, Litecoin (LTC) has had a pretty rough year and currently the altcoin is down 51% over the past twelve months. The lack of GitHub activity and planned protocol upgrades have Litecoin co-founder Charlie Lee […]
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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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Analyst Justinas Baltrusaitis says Bitcoin’s return on investment from 2015 to 2020 puts the digital asset ahead of many traditional markets. Bitcoin had a nearly 3,500% return on investment since 2015, 70 times that of five traditional stock markets. According to a June 29 article at investor website Buy Shares, data analyst Justinas Baltrusaitis says […]
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61% of the Bitcoin supply has stayed in the same place for a year or more — the only time that happened was before its all-time highs. Bitcoin (BTC) hodlers are preparing for a bull run just like the one that led to $20,000 all-time highs in 2017, one metric suggests. According to on-chain monitoring […]
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A few major cryptocurrencies are attracting buyers on dips, which suggests that investor sentiment remains bullish. Only about 3.5 million Bitcoin (BTC) are available for trading, according to new data from blockchain analytics firm Chainalysis. The remaining 11.4 million are held as long-term investment and 3.7 million are believed to be lost. This suggests that […]
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Outspoken Bitcoin investor and host of the Keiser Report, Max Keiser, explains that his $400K BTC price prediction will coincide with the U.S. dollar’s collapse. Cointelegraph Markets spoke with Wall Street veteran and host of the Keiser Report, Max Keiser, who explains the increasingly important role of Bitcoin in geopolitics amid potential “hash wars” and […]
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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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