Bitcoin (BTC) has begun August on a bullish footing as the primary cryptocurrency extends its weekly gains to 15% and favorable conditions. BTC hit $42,600 a few hours ago, its highest point since May 20, although it failed to secure its position above the $42,000 level and currently trades around the $41,400 level. The recent […]
According to new data from on-chain analytics platform Glassnode, Bitcoin exchange balances have plummeted to their lowest levels since the bearish market in late 2018. A new report from market analyst Will Clemente shows that two massive outflows occurred over the past 24 hours. He noted that: “Two massive outflows today: one worth 23,530 BTC […]
According to new reports, Bitcoin (BTC) has entered neutral levels on the Fear and Greed Index for the first time since May 12. Before now, it remained in a drawn-out phase of either fear or extreme fear. The previous prolonged fear state emanated from the plummeting prices, overall stagnation, and investor indecisiveness seem recently. As […]
With the growing boom in the cryptocurrency industry and the fear of missing out on a trending investment, many investors buy into crypto projects without knowing what they are or do. While cryptocurrencies are trendy and very profitable, it helps to know exactly what it is you are venturing into. In this article, we will […]
Tesla released its Q2 earnings report yesterday, which showed that the company’s net Bitcoin (BTC) holding has a value of $1.311 billion as of June 30. The electronic vehicle manufacturer did not make any additional BTC purchase, nor did it sell any of its holdings in the second quarter of this year. Meanwhile, the cash […]
It appears that Bitcoin (BTC) bulls have regained control over the market in the past few days, which has pushed the cryptocurrency to an 18-day high near $35,000. At the same time, the altcoin sector has posted an immense recovery, flipping the broader market sentiment to bullish. The benchmark cryptocurrency’s bullish recovery began after it […]
Bitcoin is the biggest cryptocurrency in the world and is among the most popular digital coins among traders. For many, Bitcoin is a great investment option. Released back in 2009, Bitcoin is known for paving the way for other altcoins in the market. Cryptocurrency has seen a huge transformation in recent years. While some still […]
Bitcoin (BTC) witnessed a massive bullish spike yesterday following confidence-boosting comments from Elon Musk at an event on Wednesday. Musk reiterated his support for the benchmark cryptocurrency at a virtual panel hosted by Crypto Council for Innovation, which also hosted Jack Dorsey and Cathie Wood. Back in May, the Tesla CEO triggered the prevailing bearish […]
According to a recent study organized by Fidelity Digital Assets, seven out of ten global institutional investors (70%) will likely purchase cryptocurrency in the future. Meanwhile, 50% of the participants in the survey revealed that they already own cryptocurrencies. Most of the participants asserted that the highly volatile nature of digital assets was not enough […]
Despite the recent crash below the critical $30k level by Bitcoin (BTC), on-chain metrics from Glassnode suggest that whales are still on binge acquisition mode. According to the analytics platform’s weekly report released yesterday, the benchmark cryptocurrency’s reserves on crypto exchanges are on a steady decline despite having turned bearish since its sustained drop below […]
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