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08/05/21 01:00 by Anifowoshe Ibrahim
12K BTC Removed From Coinbase, Are Whales Relenting?
Coinbase, the largest exchange in the United States, has been the site of several big Bitcoin buy-ins this year.
Recent reports show sudden transfers of more than 10,000 BTC to private wallets are not... Read More
07/05/21 23:12 by Reynaldo Marquez
Bitcoin’s Price Pumps As Coinbase Bleeds Out 12,000 BTC
Bitcoin has reclaimed the high area around the $50,000. In the meantime, indicators are turning bullish as the cryptocurrency could be preparing for another leg-up into uncharted territory.
At the tim... Read More
04/05/21 23:16 by Reynaldo Marquez
This Analyst Predicts Massive Litecoin Rally And “Mental” Impact On Non Holders
Litecoin goes against the general market sentiment with a 24.5% and 57% rally in the higher timeframes. At the time of writing, LTC trades at $316 with 4.8% profits in the daily chart.
LTC on the offe... Read More
02/05/21 21:00 by Reynaldo Marquez
Funding Rates Low After 10K Rally, What This Means For Bitcoin’s Price
Bitcoin has been sitting above a critical support zone during the weekend. At the time of writing, BTC trades at $56.662 with sideways movement in the daily chart. In the weekly chart, the first crypt... Read More
29/04/21 21:43 by Brenda Ngari
Bitcoin Outflows From Miner Wallets Plummet To A Multi-Month Low — And That’s Crazy Bullish
Bitcoin miners mostly operate with fiat money and are repetitive sellers in the market, liquidating a portion of their stash to finance their daily operational expenses such as electricity costs.&nbs... Read More
27/04/21 12:48 by stevenhay
Key Fundamental Data Suggests Bitcoin May Defy Bears
Last weekend, the Bitcoin price fell below the psychologically significant support level of $50,000. Furthermore, the 50 day moving average was breached to the downside and some popular technical indi... Read More
13/04/21 21:00 by Reynaldo Marquez
Bitcoin Funding Flips Bullish, But Are Liquidations Imminent?
Bitcoin’s price has reached a new ATH after a long period of consolidation. At the time of writing, BTC is trading at $63.235 with 5.1% profits in the past day and 7.7% in the 7-day chart.
BTC o... Read More
10/04/21 22:00 by Reynaldo Marquez
How Bitcoin back above $60,000 could create a powerful upside move
After a consolidation phase spread over the last few weeks, Bitcoin is trading back above $60,000. With 3% gains in the daily chart, at the time of writing, and 2% profit in the weekly chart BTC still... Read More
04/04/21 23:00 by Reynaldo Marquez
Supply crunch incoming? Bitcoin miners stop selling
Bitcoin continues to consolidate in the high $50,000 area, meanwhile, its fundamentals are strengthening and seem to point towards a price breakout.
Analyst Ali Martinez has shared data from Glassnode... Read More
04/04/21 21:25 by Adrian Klent
Miner Selling Pressure Drops. Analyst Predicts Bitcoin Supply Crisis Underway
Fundamental factors carrying Bitcoin through the rally are increasing. From old-time buyers halting traditional sales patterns, to institutions accumulating more Bitcoin, the market is poised to move... Read More
24/03/21 19:57 by Reynaldo Marquez
Why these analysts predict a Bitcoin’s price at $80,000 by April?
With Bitcoin’s price barely holding above its support level, indicators are turning more bullish. After this period of sideways movement, BTC could be poised for a big upside move soon.
Glassnod... Read More
24/03/21 08:59 by Adrian Klent
Number Of Bitcoin Whales Holding At Least 100 BTC Burgeons
Bitcoin whales are multiplying on a daily basis, which means wallet addresses holding a larger sum of Bitcoin are also increasing. As Glassnode records in its weekly on-chain report, that over half o... Read More
18/03/21 11:23 by Adrian Klent
Bitcoin Miners Record A Whopping $52.3 Million In Daily Profit
Mining Bitcoin is becoming a highly profitable business for those skilled in the activity. Data published by Glassnode is shedding light on the booming industry of Bitcoin mining. In its weekly on-ch... Read More
15/03/21 14:34 by Yashu Gola
Latest Deutsche Bank Poll Leaves Bitcoin Prone to Hitting New Record High
Bitcoin expects to extend its prevailing bull run in the sessions ahead just as the US begins another vast spending program, including direct payments to its citizens who will receive up to $1,400 per... Read More
11/03/21 11:31 by John Kiguru
Bitcoin Held By Exchanges Hit Two-Year Low But Prices Face $55K Wall
Since shedding nearly 30% and dropping to the $45K lows, Bitcoin has found it hard to get back up. But this week, the digital asset has found some juice. Starting Monday, the digital asset climbed ab... Read More
24/02/21 13:18 by Steven Msoh
World’s First Bitcoin ETF Records Stellar Growth, AUM Crosses Half A Billion Dollars
The world’s first Bitcoin exchange-traded fund (ETF) launched in Canada last week to a great reception by investors. It set the record for the best-performing ETF in Canada and one of the top five ... Read More
04/02/21 14:55 by Bernice Nyambura
Bitcoin Supply Held By Whales Skyrockets As Glassnode Debunks High BTC Ownership Concentration Report
The distribution of bitcoin on various addresses on the bitcoin network shows whale accumulation and activity but isn’t an accurate measure of bitcoin ownership around the world.
This is accordi... Read More
24/12/20 11:00 by Nick Chong
Wall Street Veteran Kickstarts Own Bitcoin Fund With $25m Investment
Wall Street has been all over Bitcoin over the past few months due to the growth in the need for an inflation hedge and a relative stagnation in the price of gold relative to other asset classes. This... Read More
22/12/20 19:43 by Yashu Gola
Bitcoin Miners Turn Savers as Price Hits All-Time High; What It Means
Bitcoin miners used to be the biggest cryptocurrency dumpers when its price traded near all-time highs. Nevertheless, their sentiment has changed drastically in the latest price rally.
Data fetched fr... Read More
22/12/20 11:00 by Nick Chong
Analyst: Bitcoin Could Be Forming a Local Top as Indicators Overbought
Bitcoin has undergone a strong correction since the $24,300 highs seen this past weekend. The leading cryptocurrency currently trades for $22,600 though fell as low as $21,800 around 24 hours ago.
BTC... Read More
04/12/20 20:17 by Yashu Gola
Bitcoin Veterans Dump Long-Term Holdings as Price Nears $20K
Traders who have held Bitcoin for more than 155 days are selling their stash as its price eyes $20,000, a Glassnode study revealed.
ASOL (Please Don’t Read it Loud)
The on-chain analysis platfor... Read More
01/12/20 15:25 by Brenda Ngari
Current Bull Cycle Could Send Bitcoin As High As $590,000, This On-Chain Metric Shows
Bitcoin made history on Monday by breaking past its previous all-time high. While a near-term pullback could be possible, pundits have suggested that this rally is quite different from 2017 where bit... Read More
30/11/20 16:28 by Brenda Ngari
Bitcoin Mining Difficulty Closes In On All-Time High As Price Returns To $19,600
Mining difficulty on the bitcoin network has increased by nearly 9% today as investors push the price of the number one cryptocurrency back into the $19,500s. The increase in the mining difficulty re... Read More
19/11/20 08:07 by Jide Idowu
Over 25,000 Bitcoin Addresses Were Created Within An Hour – What This Means
According to data from Glassnode, almost 25,000 new bitcoin wallet addresses were registered within an hour on November 18, 2020. Although this data didn’t show whether the wallets were created... Read More
18/11/20 14:12 by Yashu Gola
3 On-Chain Metrics Show Why Bitcoin Price Could Hit $20K
Bitcoin inched towards $18,500 on Tuesday night. A sell-off occurred, and the cryptocurrency lost its support base of $18,000 in the early Wednesday hours. But ahead of the US session, it managed to s... Read More
09/11/20 12:51 by Samuel Wan
Bitcoin Boom Pulls in Flood of New Investors Despite Macro Uncertainty
Against a backdrop of macro uncertainty, the past month has seen a stellar run of form for Bitcoin. But the number one cryptocurrency by market cap topped out last Friday at $16k, having gained 45% si... Read More
03/11/20 18:15 by Brenda Ngari
Bitcoin Records Largest Mining Difficulty Drop Since 2011. Here’s What It Really Means
Bitcoin just saw its biggest single mining difficulty drop since 2011. According to data from Glassnode, bitcoin’s mining difficulty adjusted downward by roughly 16%, its largest negative adjustmen... Read More
02/11/20 12:16 by Yashu Gola
Ethereum Active Supply Hits 17-Month Low; How Does It Impact Price?
The active supply of Ethereum (ETH), measured on a 6-12 month timeframe, has dipped to its 17-month low.
Data fetched by Glassnode shows that there are now over 15.1 million ETH available for accumula... Read More
28/10/20 17:00 by Joseph Young
The Number of Bitcoin Millionaires Cross 20k—Why It’s Not a Good Sign
According to the data from Glassnode, the number of millionaire Bitcoin holders surpassed 20,000. Albeit the figure shows many investors are profitable after BTC’s recent rally, it might also sh... Read More
27/10/20 19:59 by Adrian Klent
Over 50% Of Bitcoin’s Market Cap Consists Of Unrealized Profits
The market capitalization of a cryptocurrency asset may not be the most accurate metric for the calculation of the value of a digital currency, but its importance in serving as a tool for investors, ... Read More