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7-Year-Old Sleeping Bitcoin Wallet Activates, Transfers $14M in BTC

7-Year-Old Sleeping Bitcoin Wallet Activates, Transfers M in BTCBefore bitcoin (BTC) hit an intraday peak of $70,016 per unit on Bitstamp on Monday, a dormant bitcoin wallet from July 27, 2017, moved 210 BTC, valued at over $14 million. 2017 Bitcoin Wallet Activity Resurfaces, 210 BTC Moved Ahead of $70K Peak In recent days, several long-inactive bitcoin addresses from 2017 have been reactivated. […]

El Salvador Reinforces Bitcoin Allegiance: Purchases BTC in Defiance of IMF Agreement

Bitcoin Short-Term Holders See Relief as Prices Rebound, Glassnode Reports

Bitcoin Short-Term Holders See Relief as Prices Rebound, Glassnode ReportsBitcoin prices have rebounded strongly, providing relief to short-term holders and leading to increased activity in perpetual futures markets, according to a report by onchain analytics firm Glassnode. The report highlights significant developments in market dynamics and the overall health of the cryptocurrency market. Glassnode Analysis Highlights Significant Gains for Bitcoin Short-Term Holders The latest […]

El Salvador Reinforces Bitcoin Allegiance: Purchases BTC in Defiance of IMF Agreement

Cryptoquant Report Analyzes Market Impact of New SEC-Approved Ethereum Spot ETFs

Cryptoquant Report Analyzes Market Impact of New SEC-Approved Ethereum Spot ETFsOn July 23, 2024, the U.S. Securities and Exchange Commission approved the launch of several ethereum (ETH) spot exchange-traded funds (ETFs), marking a significant development in the cryptocurrency market. The latest report from Cryptoquant delves into the implications and insights surrounding this launch, highlighting key factors investors may want to consider. Cryptoquant Analysis Explores Implications […]

El Salvador Reinforces Bitcoin Allegiance: Purchases BTC in Defiance of IMF Agreement

Research Shows Institutional Custodians and ETFs Drive Significant Bitcoin Market Movements

Research Shows Institutional Custodians and ETFs Drive Significant Bitcoin Market MovementsThe bitcoin market recently saw a significant sell-off, absorbing over 48,000 BTC from the German government. Amidst this and upcoming Mt Gox distributions, a report from Glassnode researchers explores how these sell-side forces and exchange-traded funds (ETFs) impact bitcoin’s price action. Glassnode Report Analyzes Sell-side Forces and ETF Impact on Bitcoin Centralized exchanges and ETF […]

El Salvador Reinforces Bitcoin Allegiance: Purchases BTC in Defiance of IMF Agreement

Analysis of Long-Term ‘Diamond Hand’ Bitcoin Holders Reveals Market Insights: Glassnode 

Analysis of Long-Term ‘Diamond Hand’ Bitcoin Holders Reveals Market Insights: Glassnode Recent data from Glassnode provides a detailed analysis of bitcoin’s long-term holders (LTH) and their impact on the cryptocurrency market. In the latest onchain report, researchers highlight key metrics and behaviors of LTHs to understand supply and demand dynamics. Bitcoin Market Trends and Long-Term Holders Analyzed in the Latest Glassnode Report Glassnode’s analysis shows that […]

El Salvador Reinforces Bitcoin Allegiance: Purchases BTC in Defiance of IMF Agreement

Bitcoin Premium in South Korea Increases, Reflecting Strong Local Demand

Bitcoin Premium in South Korea Increases, Reflecting Strong Local DemandAfter falling below $70,000, bitcoin has stabilized above the $69,000 mark. In contrast, South Korea has seen a notable rise in the premium for bitcoin. South Korea’s Bitcoin Premium Rebounds After Hitting Recent Low Recently, bitcoin (BTC) saw its infamous premium in South Korea drop below 1% after nearly hitting 10% in mid-April. Current data […]

El Salvador Reinforces Bitcoin Allegiance: Purchases BTC in Defiance of IMF Agreement

Bitcoin Technical Analysis: BTC Bulls Target Upper Resistance Aiming for New Highs

Bitcoin Technical Analysis: BTC Bulls Target Upper Resistance Aiming for New HighsBitcoin, priced at $70,875, has exhibited strong bullish trends within the last 24 hours, with intraday prices ranging from $68,819 to $71,339. The cryptocurrency boasts a market capitalization of $1.39 trillion and a 24-hour trade volume of $37.14 billion. Analyzing the 1-hour, 4-hour, and daily charts alongside oscillators and moving averages indicates continued positive momentum, […]

El Salvador Reinforces Bitcoin Allegiance: Purchases BTC in Defiance of IMF Agreement

Hedge Funds Adopt Net Short Positions on BTC and ETH Futures, Kaiko Analysis Reveals

Hedge Funds Adopt Net Short Positions on BTC and ETH Futures, Kaiko Analysis RevealsIn a recent analysis by Kaiko, it has been found that hedge funds are currently holding net short positions on bitcoin (BTC) and ether (ETH) futures. This strategic move reflects a cautious stance amid fluctuating market dynamics and speculative trading activities. Study Shows Hedge Funds’ Net Short Positions in Bitcoin and Ether Futures Amid Market […]

El Salvador Reinforces Bitcoin Allegiance: Purchases BTC in Defiance of IMF Agreement