Onchain Data Suggests Bitcoin Sell-Off Fueled by New Investors
While the covid-19 outbreak has caused economic calamity, cryptocurrencies have regained some of the losses that devastated digital currency markets on March
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OnChain
Bitcoin On-Chain Analytics at Odds With Sub-$8K Bitcoin Price Forecasts
At the start of February, the cryptocurrency market was doing fairly well with many altcoins pressing above their 2-year old descending trendlines and breaking above the 200-day moving average on astonishingly high volume surges that provided investors with double and triple-digit returns on a nearly daily basis.By Feb. 13,
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On-chain Activity Suggests Bitcoin Price Volatility Will Continue, Thanks to ‘Whales’
Bitcoin's (BTC) price volatility spiked in January and could further increase over the near term because “whales” have surfaced.The cryptocurrency’s annualized volatility grew roughly eight percentage points in January to a three-month high of 58.2 percent, according to Kraken’s monthly report. Volatility rose as bitcoin’s price rallied from lows near $6,850
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Almost $9 Billion of Bitcoin Moved On-Chain in 1 Hour: Record
On Dec. 4, $8.9 billion in Bitcoin (BTC) were moved on the blockchain in a single hour, excluding change volume, which is Bitcoin that returns to the sender.Bitcoin’s high transaction volume was pointed out by Rafael Schultze-Kraft, the co-founder of on-chain market intelligence firm Glassnode. In a tweet on
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On-Chain Metrics Pour Cold Water on Bearish Bias
Bitcoin price (BTC) has taken a bearish course, leading some analysts to call for a drop to $8,300 and a few even suggest $7,100 is where the digital asset will bottom.Over the weekend, the price attempted to recover from the dip to $8,600 and a quick pop to $9,141
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