Five Weeks, Five Purchases: MicroStrategy Invests Another $2.1 Billion In Bitcoin
MicroStrategy, the business intelligence firm helmed by co-founder and Chairman Michael Saylor, has made headlines yet again with the announcement of a $2.1 billion Bitcoin (BTC) acquisition. Interestingly, this is the fifth consecutive Monday that the Tysons Corner, Virginia-based corporation has announced major acquisitions of the market’s leading crypto, demonstrating confidence in BTC’s prospects and…
XRP Price Eases Gains: Eyes on The Critical $2 Threshold
XRP price failed to extend gains above the $2.40 zone. The price is down over 10% and might even decline toward the $2.00 support zone. XRP price started a downside correction from the $2.50 resistance zone. The price is now trading below $2.30 and the 100-hourly Simple Moving Average. There is a connecting bearish trend…
Is Bitcoin Entering a New Phase? Analysts Break Down Key Trends
So far, the Bitcoin market continues to demonstrate resilience as it maintains its price above the $90,000 price market despite various factors influencing its price movements. Amid this, a CryptoQuant analyst, aytekin466, recently shared insights into whether the cryptocurrency could face another significant price correction. Are Major Corrections a Thing of the Past? aytekin disclosed…
Dogecoin (DOGE) Slips: Can Bulls Rally at The Support Line?
Dogecoin started a sharp downside correction below the $0.400 support against the US Dollar. DOGE is trading near the $0.3750 support and might bounce back. DOGE price started a fresh decline below the $0.420 level. The price is trading below the $0.40 level and the 100-hourly simple moving average. There is a connecting bearish trend…
Bitcoin HODLing Rewards: Long-Term Holders Selling At 326% Profit
On-chain data shows that long-term Bitcoin holders have been selling recently as their profits have ballooned to notable levels after the price surge. Bitcoin Long-Term Holders Have Been In Huge Profits Recently As CryptoQuant community analyst Maartunn explained in a new long-term holders” (LTHs) refer to the Bitcoin investors who have been holding onto their…
Large Ethereum Transactions Grow As ETH Breaks Yearly Highs
Ethereum (ETH) is making headlines as it trends toward the $4,100 mark, reaching a new yearly high of $4,096. This milestone, just $3 above the previous high set in March, signals a potential resurgence for the second-largest cryptocurrency by market capitalization. The price action has caught the attention of analysts and investors, particularly as Ethereum…
XRP To Maintain Price Rally As Whales Reload Amidst Price Dip- Details
In the last week, the price of XRP increased by 35% as the general crypto market maintains a stellar performance stretching over the last two months. Interestingly, recent developments in the XRP market indicate a sustained bullish outlook for the prominent altcoin. Whales Accumulate $288 Million XRP As Price Slides To $2.22 In an X…
Technical Analysis Puts XRP Price Above $5 In Next 3 Days, Whales Buy $288 Worth Of XRP
The XRP price is consolidating after a crazy 460% surge within four weeks that saw it breaking above $2.8 on December 3 for the first time since 2018. This consolidation saw the XRP price dropping to $2.22 on December 5 as many investors took some profits after the rally. Interestingly, on-chain data shows that XRP…
Ethereum Active Addresses Surge By 36% In Support Of Bullish Price Action – Details
Shortly after surging above $4,000 on December 6, Ethereum (ETH) has sunk into a state of consolidation showing no significant price action over the last day. With growing speculations over the altcoin’s next price movement, CryptoQuant analyst Burak Kesmeci has shared a report that suggests a sustained price rally by Ethereum. US Election Results Drive…
Dogecoin Sees Quiet Breakout As Data Signals Rally Continuation
Dogecoin has finally surged above the crucial $0.48 resistance level, briefly reaching $0.484 before pulling back slightly. This marks a significant development for the meme coin, as it had struggled to break past this level for weeks. The move has sparked renewed optimism among traders and investors who see potential for further upside. Key data…