Bitcoin Holds Steady at $70,000 Amid Capital Influx
The leading cryptocurrency has stabilized at the $70,000 mark. The market has been supported by a renewed influx of funds into US spot bitcoin-ETF.Glassnode is a blockchain data and intelligence platform providing insights into cryptocurrency markets.
Bitcoin Holds Steady at $70,000 Amid Capital Influx
The leading cryptocurrency has stabilized at the $70,000 mark. The market has been supported by a renewed influx of funds into US spot bitcoin-ETF.
Analysts Observe Significant Cryptocurrency Withdrawals from Exchanges
Last month's net outflow of the leading cryptocurrency from trading platforms indicated a shift by investors towards an accumulation phase, according to the analyst known as Darkfost.
Altcoin trading volumes slump 80%
Daily altcoin turnover on Binance has plunged 80% from its peaks to $7.7bn, signalling waning investor interest, an analyst said.
On-Chain Data Shows Bitcoin’s Limited Growth Potential
Bitcoin has weathered geopolitical tensions, but on-chain metrics indicate a lack of bullish momentum for a mid-term breakout, according to Glassnode.
Options traders bet on bitcoin hitting $80,000
Bitcoin has steadied around $70,000 after a bout of volatility. Options markets are eyeing $80,000 by early summer.
Analysts Identify $74,000 Breakthrough as Key to Bitcoin’s Next Rally
The price of the leading cryptocurrency rose by 7% over the week; the market's future direction hinges on breaking the $73,750-$74,400 range, according to analyst Omkar Godbole.
Bitcoin’s Correlation with Stocks Hits 2022 Low
The primary condition for significant growth in digital gold and altcoins will be their independent movement from traditional financial markets.
Crypto funds zero out bitcoin and ether positions for the first time
A market correction has pushed many professional investors into liquid assets or higher cash allocations.
Long-term bitcoin investors realise hefty losses, says Glassnode
Bitcoin’s drop to $60,000 put psychological pressure on long-term holders comparable to Terra’s May 2022 collapse, Glassnode said.
Glassnode Calls Bitcoin’s Current Drawdown ‘Moderate’
Glassnode says the current crypto market structure resembles 2015–17, marked by “moderate drawdowns”.
Glassnode Identifies $83,400 as Bitcoin’s Last Support Before Potential Price Drop
Glassnode analysts have observed the consolidation of the leading cryptocurrency's prices near key on-chain levels. The market requires confirmation of demand to avoid further structural weakening and a price decline.We use cookies to improve the quality of our service.
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