Bitcoin hovers near $66.5k as Mt.Gox users ‘choose to hodl’

Bitcoin price still hovers above $66k despite Mt. Gox repayments. Analysts say on-chain data shows most BTC holders receiving the repayments are choosing to hodl. BTC price may benefit from this, with a potential to rebound to recent highs. Bitcoin traded to above $66,500 on Wednesday morning as the market looked to bounce following fresh […]

BTC hovers at $30k amid lowest historical volatility for 2023

BTC price is near the $30k mark, which bulls may be desperate to protect. Bitcoin’s  historical volatility is at its lowest level in 2023. Short-term bullish target could be above $34k, while major support is near $28.2k. Bitcoin’s price remains above $30,000 on Monday, but is seeing “remarkably little volatility.” According to a key technical […]

Bitcoin continues “boring action” as BTC hovers above $22k

Bitcoin on-chain exchange flows were $4 billion in and $4 billion out last week, Glassnode data shows. Crypto analyst Michael van de Poppe highlights BTC’s “boring price action” as bulls struggle above $22,000. BTC price saw downward action last week following a series of negative market related news. The global cryptocurrency market cap remains above […]