Bitcoin hints at sell signal after hitting 3-month high
Bitcoin price hit $30,369 on Saturday, its highest level since July. While bulls could push higher in coming weeks, the immediate outlook suggests a bearish flip. Crypto analyst Ali points to the TD Sequential indicator as hinting at a sell signal. Bitcoin price rose to its highest level since July when it broke above $30k […]
Shiba Memu shines as investor buying power hits 6-month high
Shiba Memu presale has hit $3.6 million as more investors buy into AI meme coin. Meanwhile, stablecoin on exchanges is at a 6-month high, led by massive whale deposits. What does spike in exchange buying power means for crypto, Shiba Memu? Although the crypto market is still largely in the accumulation phase amid the latest […]
Bitcoin mining difficulty hits all-time high, above 50 trillion hashes
Key Takeaways Bitcoin mining difficulty has surpassed 50 trillion hashes for the first time ever Higher difficulty means more competition and less profit for miners, but also more security for the Bitcoin network Higher mining difficulty means greater energy input required to mine Bitcoin, meaning greater cost for miners Mining stocks have underperformed Bitcoin significantly […]
Bitcoin network hash rate hit a record high in May
Bitcoin network activity climbed for the fifth month straight. Mining difficulty and transaction fee also climbed in May. The world’s largest cryptocurrency lost about 8.0% last month. Bitcoin may have lost about 8.0% last month on macro uncertainty but the network activity remained incredibly strong. JPMorgan analyst expects a slowdown in hash rate In May, […]
Social Engagements Of BabyDogeCoin are at a 3-month High
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Long-term Bitcoin holders at all-time high, but price not cooperating
Key Takeaways Two-thirds of the Bitcoin supply has not moved in over a year Metrics for percent of supply unmoved in 2+, 3+ and 5+ years also at all-time highs The average hold period for Bitcoin on-chain is 3.8 years Despite thesis that dwindling supply will boost price, this has not proved the case thus […]
Optimism token OP hits all-time high Bedrock upgrade news
OP has rallied over 30% in the past 24 hours, reaching a new all-time high of $2.97 on Coinbase Optimism is outperforming major coins even as cryptocurrencies rally on Thursday. Gains for Optimism comes amid buying pressure after news of an upgrade proposal planned for activation on 15 March. Optimism is rallying again as excitement […]
Nearly 13 million bitcoins have not moved in over a year, an all-time high
Key Takeaways An all-time high of 12.7 million bitcoins have not moved in over a year That translates to two-thirds of the circulating supply Only 7% of bitcoins have moved in the last month History shows that long-term holders tend to rise as price falls, which may seem counter-intuitive The real story is a little […]
Bitcoin wallets with 100+ coins hit new one-year high
Bitcoin addresses with 100 or more coins hit 16,120 on 19 December 2022. Each address is worth $1.67 million at current prices, increasing the number of Bitcoin millionaires to the highest level since December 2021. Data also shows hodling is on the rise despite crypto winter, with 46% of BTC last active in 2+ years […]
Why has the Grayscale Bitcoin Trust discount hit an all-time high?
Key Takeaways Grayscale is the largest Bitcoin fund in the world Discount to underlying asset (Bitcoin) has reached record levels, breaching 50% Concern about reserves, higher fees and other hurdles explain the discount, which likely won’t close anytime soon The discount to net asset value of the Grayscale Bitcoin trust is at all-time highs. […]