Gains earned by the bulls to the upside during the announcement of the interest rate were erased as the price fell back to the downside. It’s no news that several important macroeconomic factors have an impact on the price of Bitcoin. This has to do with the fact that bitcoin is typically traded against the […]
Crypto credit cards, also known as Bitcoin credit cards, are the new and improved version of traditional credit cards. They look and work just like a regular credit card, allowing you to use them wherever Visa, Mastercard, or Amex cards are accepted. They are usually issued by banks or financial institutions that give you a […]
A bill to make Bitcoin legal tender in the US was just put out by Senator Wendy Rogers. Senator Wendy Rogers is a senator in the US Senate. She has been an advocate for the legalization of cryptocurrency for the past few years. She asserted that Bitcoin ought to be regarded as a type of […]
Despite strategists’ cautions that Wednesday’s Fed meeting could cause a “bloodbath” in cryptocurrency markets, Bitcoin options markets continue to show short-term upside risks to the BTC price. The frequently watched 25% delta skew of Bitcoin options expiring in seven days was still at 4.44 as of January 30, not too far behind recent multi-year highs […]
In a major development for the cryptocurrency market, the Bitcoin Fear and Greed Index has once again entered the “greed” zone, signaling a positive shift in sentiment among investors. The index, which measures the general feeling of the community towards bitcoin, reached this level for the first time since March 30, 2022. The recent surge […]
On-chain analysis reveals that the use of leverage in trading Bitcoin has been significantly reduced, even as the market is currently experiencing an appreciation in the value of BTC. This could imply that traders and investors are bullish on Bitcoin but are hesitant to put all of their money into the market. The implication of […]
Recent on-chain data reveals a sharp increase in Bitcoin miner outflows, indicating that selling from this group may be to blame for the cryptocurrency’s recent slide to $20,400. According to an analyst’s post on CryptoQuant, miners deposited 669 BTC to exchanges on Wednesday. The “miner reserve,” which reflects the total amount of Bitcoin that miners […]
As of now, more than 37,000 BTC have been added to the large whales in the market. “Large whales” is a term typically used to refer to addresses holding more than 1000 BTC. According to the on-chain analysis by Santiment, all the Bitcoin holder groups, including the large whales, have begun to accumulate bitcoins in […]
Bitcoin (BTC), the world’s most popular cryptocurrency network, is slated to suffer a record-breaking difficulty rise in three days, on or around January 15, 2023. The network’s hash rate is currently 268.79 exahashes per second (EH/s), and on January 6, 2023, the blockchain’s computing power achieved an all-time high, peaking at 361.20 EH/s at block […]
