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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 to predict the timing for a new BTC price rally. According to the analyst, when the cryptocurrency surpasses the 1 million
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Nonfungible tokens appear to be an idea whose time has come. Originally developed for use with collectible trading-card games, NFTs can represent almost any unique asset. Outside of the gamer context, the first NFT to gain widespread popularity was probably CryptoKitties, which were released back in 2017.Related: CryptoKitties’ Dieter Shirley
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Bitcoin is wobbling in a critical support zone. New indicators are bullish and point to a continuation in the rally. Moskovski Capital CIO Lex Moskovski shared data from Glassnode showing that a trend in Bitcoin miners has reversed. Since the beginning of March, this sector began to increase its level of
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In brief:Barstool Sports’ Dave Portnoy has admitted that he ‘f*ucked up’ when he sold his Bitcoin last yearMr. Portnoy explained that he could not handle the ups and downs of BitcoinHe added that he bet on himself and what he knewCrypto Twitter has lauded Portnoy for ‘being man enough’ to
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In brief:Selling by Bitcoin miners seems to have slowed downThe reducing selling pressure could provide an opportunity for Bitcoin to break $50kMargin short positions have also capitulated pointing to a bullish future for BitcoinBitcoin could soon test $54k or even $60k in the days to followSelling by Bitcoin miners appears
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Bitcoin has gained significant media attention in recent days, in line with its price rise to nearly $50,000, the institutional implications of Tesla’s recent $1.5B purchase. Nassim Nicholas Taleb, who previously worked as a risk analyst and options trader, views Bitcoin (BTC) less than optimistically, however.“I've been getting rid of my
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Origin Protocol's OUSD was up nearly 50% at press time. Source
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Quick take:Bitcoin Miners’ Position Index has hit an 8 year highAccording to the CEO of CryptoQuant, miners have been selling their Bitcoin since BTC hit $42kThe selling is ongoing and the main reason BTC is bearish at least in the short termOver 116k BTC options expire this Friday and could
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Bitcoin has faced some massive selling pressure throughout the past few days and weeks, with buyers losing their edge over the market as sellers target further downside This weakness caused the crypto to dip all the way down towards $30,000 this morning before it was able to find some serious support There’s
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Bitcoin (BTC) whales in South Korea have been selling heavily across major exchanges throughout the past week. Data shows that multiple $100 million deposits to Bithumb have been spotted in the last three days alone.By volume, South Korea has a much smaller cryptocurrency exchange market compared to the United States.
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