Latest on-chain reports from Glassnode show that cryptocurrency investors withdrew Bitcoin (BTC) at the most aggressive rate ever recorded in June, with exchange outflows topping 151,000 BTC worth over $3 billion. Notably, the number of active addresses has plunged by 13% since November 2021, following the commencement of the bear cycle. As of July 4, […]
On-chain analytics platform Glassnode suggested in a recent report that Bitcoin (BTC) has hit its lowest level in the ongoing bearish cycle as network activity plummets on a lack of new users. Glassnode asserted that June was Bitcoin’s worst trying month in over ten years, adding that the benchmark cryptocurrency is near its bottom as […]
Last Thursday, Jacobi Asset Management announced that it plans to launch the first Bitcoin exchange-traded-fund (ETF) in Europe on the Euronext exchange. This comes despite the raging volatility currently getting recorded in the crypto market, signaling notable confidence in the market. The digital asset management company noted that its Bitcoin ETF would begin trading on […]
Bitcoin (BTC) has dropped by an additional 21% over the last two weeks with miners suffering a serious backlash from the crash. Now, a recent report from Bloomberg shows that several loans backed by mining rigs are in distress. CFO and co-founder of Luxor technologies, Ethan Vera, estimated that about $4 billion worth of mining […]
As the crypto market valuation tanks under the $1 trillion mark and Bitcoin (BTC) struggles with the $20,000 mark, China has heightened its anti-Bitcoin campaign. State-run Chinese newspaper Economic Daily recently advised Bitcoin investors to adopt extreme caution as it predicted that the benchmark cryptocurrency is “heading to zero.” This misinformation comes as an ongoing […]
Cryptocurrency exchange Paxful recently reported that Nigerians ranked among the highest in Bitcoin (BTC) trading over the last seven months. This was despite the existing restrictions by the Central Bank of Nigeria on crypto transactions within the country and falling prices. In its report dated June 20, 2022, Paxful revealed that crypto transaction volume by […]
Bitcoin (BTC) and the crypto market are in a race to the bottom as waves of sell-offs continue to erode massive value from the industry. The last 24 hours have been one of turmoil for the crypto market, with liquidations running in the hundreds of millions. BTC surrendered the critical $20,000 base yesterday, slumping to […]
Bitcoin (BTC), and the broader crypto market, suffered a horrendous meltdown on Monday, shedding over 10% off its value amid expectations of an even more aggressive Federal Reserve rate hike prospect as inflation rages. The benchmark cryptocurrency slumped to the $20,800 low in the Asian session on Tuesday but pared back some of its losses […]
On-chain reports show that Bitcoin (BTC) investors continue accumulating more coins despite the persistent downtrend. The benchmark cryptocurrency currently trades over 50% lower from its all-time high of $69,000. Many analysts argue that the recent increased BTC accumulation could be an early pointer to an imminent bull run. The latest report from on-chain analytics provider […]
