The sudden crash of Bitcoin below $50,000 on August 5 sent shockwaves throughout the crypto market, leading to panic selling and liquidations of many positions. Although the price has since recovered by 20%, short-term holders are still facing unrealized losses. Glassnode’s recent report sheds light on the factors behind this market downturn, specifically pointing to
Bitcoin
Bitcoin (BTC) experienced a sudden surge of over 6% in response to the news of the Federal Reserve’s potential rate cut. This unexpected announcement by Federal Reserve Chairman Jerome Powell sparked renewed volatility in the Bitcoin market. Crucial on-chain data from CryptoQuant paints a hopeful picture for Bitcoin traders. The data indicates that traders are
Opeyemi is not just any writer – he is a passionate enthusiast in the world of cryptocurrency. Despite not originally setting out to explore the digital asset industry, he has found himself deeply engrossed in it for over two years now. What started as a mere curiosity has blossomed into a full-blown passion for unraveling
Opeyemi is not just a casual observer in the world of cryptocurrency. He is truly passionate about the industry and has dedicated himself to unraveling its complexities. While some may see analyzing price charts as a tedious task, Opeyemi finds it fascinating. What sets him apart is his ability to connect price movements to on-chain
The Bitcoin market is known for its extreme volatility, with the price of the cryptocurrency fluctuating wildly from month to month. Investors and analysts often look at historical data to try to predict the future performance of Bitcoin, but even with years of data available, it remains a challenging task. As August comes to a
The Bitcoin price has experienced numerous bull and bear cycles throughout its existence, each with its own unique characteristics and trends. As such, market analysts often rely on historical data to make predictions about the future performance of the cryptocurrency. One prominent analyst, PlanB, recently shared insights on social media regarding the current state of
Opeyemi is a writer who has ventured into the world of cryptocurrency with great enthusiasm. Despite not initially choosing the digital asset industry, he has found himself captivated by it for the past two years. His passion for unraveling the complexities of blockchain technology and staying updated on the latest cryptocurrency trends is evident in
A recent analysis by a crypto analyst, identified as ‘Mags,’ has revealed a new bearish death cross formation for Bitcoin, the leading cryptocurrency in the world. This signal is concerning as it indicates a potential short-term weakness in the Bitcoin market. The death cross occurs when the 50-day Moving Average crosses below the 200-day Moving
As uncertainties loom over the macro side, Bitcoin continues to trade sideways, leaving investors undecided about their next move. Crypto analyst Michael van de Poppe has raised concerns about Bitcoin potentially dropping to as low as $48,000. He emphasized that if the Consumer Price Index (CPI) inflation data turns out poorly, Bitcoin could break below
The landscape of Bitcoin holders has shifted significantly in recent years, with institutions emerging as the dominant players in the market. Gone are the days when private individuals held the majority of Bitcoin. Today, the list of top Bitcoin wallets is primarily populated by governments and major companies, with only the enigmatic Satoshi Nakamoto retaining
