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Bitcoin price started a steady increase and tested the $56,500 zone against the US Dollar. BTC is now correcting gains, with many supports near $54,000. Bitcoin traded as high as $56,694 before starting a downside correction. The price is still above the $54,000 support and the 100 hourly simple moving average. There was
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Bitcoin appears to be preparing for a move toward $60,000,
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Long-time Bitcoin (BTC) HODLers are refraining from selling their holdings, on-chain data from Glassnode shows. According to Glassnode’s "BTC Percent Supply Last Active 2+ Years" indicator, Bitcoin that was last moved well over two years ago reached a three-month low to 45.364%.BTC Percent Supply Last Active 2+ Years. Source: GlassnodeThis
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In brief:Bitcoin Miners’ Position Index (MPI) has been low since March 6thBitcoin miners are now holding BTC rather than selling90k Bitcoin options expired earlier today on Deribit, removing the anxiety of additional sellingApril could be a green month based on historical dataBitcoin miners are now holding their BTC rather than
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Bitcoin price extended its decline and traded close to $50,000 against the US Dollar. BTC is now consolidating losses and it is likely to start a recovery towards $55,000. Bitcoin extended its decline below $52,500 and $51,200 support levels. The price is now trading well below $55,000 and the 100 hourly simple
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Bitcoin (BTC) is showing tenacity above $50,000 on March 25. The 10% drop over the last 24 hours happened despite Tesla allowing customers to buy vehicles using BTC in addition to CEO Elon Musk affirming that it will not be converted to fiat currency.On March 22, the United States Federal Reserve chair,
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In brief:Bitcoin investors holding 1 BTC or less have continued to accumulate sats since March 2018This group of Bitcoin investors has weathered the volatility for 3 years and now own 5.2% of Bitcoin’s supplyHolders with 0.1 to 1 BTC increased significantly after the Coronavirus dip of March 2020Bitcoin holders owning
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Bitcoin price attempted a recovery above $56,000 against the US Dollar, but it struggled above $57,000. BTC trimmed gains and it even broke the $53,200 support zone. Bitcoin extended its decline below $53,200 and $53,000 support levels. The price is now trading well below $54,000 and the 100 hourly simple moving average. There
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The announcement fueled a short rally in BTC price despite its losing strength against the USD. Accepting Bitcoin payment is a major step in getting it into the mainstream financial ecosystem.Bitcoin (BTC) which seemed under pressure earlier today has now reversed its trajectory northwards. Thanks to Elon Musk who once
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Summary:Bitcoin is now a payment option when buying a TeslaElon Musk has also clarified that the Bitcoin paid to Tesla will be retained as BTC and not converted to fiatTesla accepting Bitcoin is a giant leap forward for BTC and digital asset adoptionBitcoin is once again above $55k and the
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