Bitcoin Crashes: Here’s Where The Nearest On-Chain Support Is
Bitcoin has observed a plunge during the past day. Here’s the nearest on-chain level that the asset would end up retesting if the drawdown elongates. 1 Week To 1 Month Bitcoin Holders Have Their Realized Price At $97,900 As pointed out by CryptoQuant author Axel Adler Jr in a new post on X, the Realized Price…
Bitcoin’s Exchange Transactions Hit Record Lows—What This Means For BTC’s Price
Bitcoin has experienced significant price movements in the past few days, largely influenced by macroeconomic developments and market fundamentals. Following the Federal Open Market Committee (FOMC) meeting and a speech by Federal Reserve Chair Jerome Powell, Bitcoin’s price dropped sharply below $99,000. However, the leading crypto quickly rebounded, climbing back to $104,000 earlier today before…
Bitcoin Decline Continues: Are Bulls Losing Control?
Bitcoin price extended losses and traded below the $100,000 zone. BTC is struggling and might continue to move down toward the $92,000 support zone. Bitcoin started a fresh decline from the $102,000 resistance zone. The price is trading below $102,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming…
Hut 8 Bitcoin Holdings Now Over $1 Billion With Latest Buy
Major North American Bitcoin (BTC) mining company Hut 8 has further expanded its BTC holdings with a $100 million acquisition. This latest purchase has pushed the company’s total reserves to over 10,096 BTC, valued at more than $1 billion at current market prices. Hut 8 Bitcoin Reserves Top $1 Billion The Miami-headquartered cryptocurrency mining firm…
From Wrapped Bitcoin To Justin Sun: Trump’s Crypto Platform Executes Major $10 Million Swap
In a notable development for Donald Trump’s crypto initiative, World Liberty Financial (WL), has reportedly exchanged approximately $10 million worth of wrapped Bitcoin (WBTC) for tokens associated with project adviser Justin Sun, founder of the TRON blockchain. World Liberty Financial Links With Justin Sun In Major Token Swap According to blockchain data analytics firm Nansen,…
Bitcoin Slips Below $100K: Is The Rally Losing Steam?
Bitcoin price started another decline below the $105,000 zone. BTC is down nearly 5% and attempting a close below the $100,000 support zone. Bitcoin started a fresh decline from the $108,000 resistance zone. The price is trading below $104,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with…
XRP Will Create Millionaires, Analyst Declares In Wealth Projection
Ripple’s digital asset is gaining traction in December 2024, generating a stir in the cryptocurrency market. XRP, the third-largest cryptocurrency by market capitalization, recently surpassed Tether (USDT). Analysts and investors alike are growing excited about the possibility for XRP holders to become among the wealthiest investors in the foreseeable future, as indicated by the recent…
Secret Bitcoin Driver: Exchanges Receiving $40 Million USDT Fuel Per Day
On-chain data shows a massive amount of the stablecoin USDT has been moving to exchanges recently, potentially acting as fuel for the Bitcoin and wider cryptocurrency rally. USDT Exchange Inflows Have Remained High Recently In a new Exchange Flow Balance” here refers to an indicator that keeps track of the net amount of a given…
Why XRP Is A Long-Term Gem, According To A Wealth Guru
A notable financial expert and wealth mentor, Linda Jones, has explained why XRP is a good long-term investment. In her video “Why Do I Hold XRP?”, she underlines the cryptocurrency’s potential to change finance. Many investors are watching XRP as a crypto market challenger due to Ripple’s progress and institutional involvement. Ripple Institutional Adoption Expanding…
Solana Poised For Growth In 2025 With Record $173 Million Q3 Funding—Report
According to Messari’s most recent analysis, Solana (SOL) is primed for explosive expansion in 2025, fueled by major funding, technological improvements, and growing institutional interest. The study indicates that in the third quarter of 2024 Solana’s ecosystem funding reached $173 million, the highest level since mid-2022. This money flow shows a strong conviction in Solana’s…