[ad_1] Data shows Ethereum’s year of high correlation with Bitcoin is coming to an end with the metric hitting ATH values. Ethereum Ends 2022 With All-Time High Correlation To Bitcoin According to the year-end report from Arcane Research, the global markets have all fallen strongly correlated this year. The “30-day correlations” is an indicator that […]
[ad_1] The Dogecoin price had recently faced intense selling pressure; however, over the last 48 hours, DOGE showed signs of recovery. At the moment, however, the meme coin was consolidating on its daily chart. In the past week, the Dogecoin price has slipped almost 4%. As Bitcoin depicted positive price action in the last 24 […]
[ad_1] The current Bitcoin cycle might be its “most challenging” one yet if the drawdown in this on-chain metric is anything to go by. Total Amount Held By 1k-10k BTC Value Band Has Sharply Gone Down Recently As pointed out by an analyst in a CryptoQuant post, the latest drawdown in the holdings of the […]
[ad_1] An analyst has explained that the absence of miners on the Ethereum network could be bullish for the ETHBTC ratio. Miners Provide A Persistent Selling Pressure On Bitcoin As explained in a tweet by Tom Dunleavy, a Messari research analyst, BTC miners sell almost all the coins they mine. The below chart contains data […]
[ad_1] The on-chain data for the stablecoin redemptions during the recent price plunge could suggest there aren’t many Bitcoin holders selling anymore. Stablecoin Redeem Count Has Remained Low Recently As pointed out by an analyst in a CryptoQuant post, large stablecoin redemptions have usually accompanied major declines in the Bitcoin price during this bear market. […]
[ad_1] 2022 is coming to an end, and our staff at NewsBTC decided to launch this Crypto Holiday Special to provide some perspective on the crypto industry. We will talk with multiple guests to understand this year’s highs and lows for crypto. In the spirit of Charles Dicken’s classic, “A Christmas Carol,” we’ll look into […]
[ad_1] 2022 is coming to an end, and our staff at NewsBTC decided to launch this Crypto Holiday Special to provide some perspective on the crypto industry. We will talk with multiple guests to understand this year’s highs and lows for crypto. In the spirit of Charles Dicken’s classic, “A Christmas Carol,” we’ll look into […]
[ad_1] FTX Token (FTT) saw massive gains on Thursday as news of former CEO Sam Bankman-Fried making bail spread across the space. The rapid uptick in the price of the token showed the positivity, albeit brief, that had spread across investors in the token. However, as the dust settles on the disgraced founder, the question […]
[ad_1] Bitcoin is stuck at its current levels, but the market might begin moving again before 2023 makes its entry. The key factors shaping global markets are changing, and cryptocurrencies are bound to follow the general trend into the new year. As of this writing, Bitcoin trades at $16,800 with sideways movement in the last […]
[ad_1] Bitcoin detractor and economist Peter Schiff has taken another swipe at the digital asset and MicroStrategy, a public company that is heavily invested in the digital asset. Schiff has always been vocal about his disdain for bitcoin and has now turned his attention to MicroStrategy and its former CEO, Michael Saylor. Why MicroStrategy Bought […]