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Bitcoin Transaction Volume Up 94% In A Week As On-Chain Activity Hits Record low: What This Means For BTC’s Trajectory

The weekly Bitcoin transactional volume is up 94% with the network seeing $9. 1 billion of value transacted per day. Although the transaction volume rose sharply last week, the network is seeing a relatively low transaction count at the rate of 200k transactions daily according to Glassnode analysts. дальше »

2021-8-6 20:20


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Is The Prevailing Rally A Fakeout or Real BTC Rally? Why Recent 50% Tanking Explains The Former

During the weekend, Bitcoin recorded the largest single-day price pump of 12.5% in a single day in the last six weeks and the entire crypto market added more than $100 billion in value. The recent pump largely defies the expected bearish trend late last week, causing speculation by some analysts that it was a fake-out pump […] дальше »

2021-7-28 17:49


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Amid Extremely Divided Bitcoin Market, HODLers Show Remarkable Resilience

The Bitcoin market is currently indecisive on a bullish or bearish path, and this may exacerbate crypto volatility, says Glassnode analysts in their Monday analysis of the BTC on-chain activity. Even as the market continues to ponder the Grayscale GBTC unlock, the Purpose ETF product and over-the-counter inflows went down last week, which suggests low […] дальше »

2021-7-20 16:38


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Grayscale’s $1.5 Billion GBTC Unlock Nears – Why Analysts Are Predicting An Unfavorable Impact On Bitcoin Price

Bitcoin leads calmly this weekend tightly ranging between $33,000 and $34,500 ahead of this week’s unlocking of Grayscale Bitcoin Trust (GBTC) shares. The tight squeeze is closely linked to uncertainty by most investors who prefer not to take a side until the activity is concluded, a usual phenomenon with markets. Most Altcoins have also maintained […] дальше »

2021-7-13 18:47


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Amid Heavy Selling By Miners, Analysts Brace For Further Bearish Momentum

Activity on the Bitcoin network is beginning to ebb due to lack of clear signs as to the market direction, claims Glassnode, a popular blockchain analytics firm. Despite earlier reports that more whales were accumulating, data shows the demand for Bitcoin and Ethereum has “fallen drastically” in the past week. According to Glassnode, the BTC […] дальше »

2021-6-9 13:03


As The Market Struggles To Recover, Here Are 5 Cryptocurrencies Redditors Are Buying

Investor concerns about volatile technology stocks have been heightened by the wild collapse in cryptocurrency prices over the last week. Market analysts such as Cathie Wood, whose business, Ark Investment Management, is said to have the largest institutional investment in cryptocurrencies, have dismissed the recent drop in value of digital assets as a temporary setback, […] дальше »

2021-5-28 15:26