The NFT market has experienced a significant shift in recent months, with Ethereum reclaiming its position as the top platform for NFT sales. Bitcoin, which briefly held the title in December with $881 million in NFT sales, has seen a steep decline. As of two days before the end of January, Bitcoin’s NFT volume stands
Bitcoin
Crypto analyst and long-term crypto investor Jelle has highlighted an interesting historical pattern that suggests that February could be bullish for Bitcoin. This would no doubt be a relief for BTC investors who have to deal with a bearish January for the flagship crypto token. In an X (formerly Twitter) post, Jelle noted that “February
January 2024 has been an incredibly eventful month for Bitcoin, filled with significant ups and downs. From the approval of spot Bitcoin ETFs by the SEC to a notable decrease in price and selloffs from the Grayscale BTC Trust, the cryptocurrency market has been anything but stable. However, amidst these tumultuous times, on-chain data has
Bitcoin recently experienced a surge in price, surpassing the $42,000 mark, following several days of trading below $40,000. This market recovery can be attributed to a combination of factors, including recent insights into the state of the US economy. On January 26, the release of the Personal Income Expenditures (PCE) price index, a key indicator
The recent announcement by the US government to sell a significant portion of its Bitcoin (BTC) holdings has sent shockwaves throughout the crypto community. With the market already facing selling pressure from various sources, the prospect of such a large sale has raised concerns about the potential impact on Bitcoin’s price and the broader crypto
China’s ban on Bitcoin in 2021 has not deterred Chinese investors from pursuing the popular cryptocurrency. In fact, Chinese investors remain resolute in their pursuit of Bitcoin and continue to pour substantial investment into it, according to a recent report by Reuters. This article delves into the reasons behind this trend and sheds light on
Amidst the current market turmoil, the Bitcoin Fear & Greed Index has experienced a sharp decline, plunging to its lowest level in over three months. This downward movement in the index is indicative of increasing fear among crypto investors, leading them to hold onto their investments instead of venturing into the market. The Bitcoin Fear
Rumors have once again resurfaced regarding a potential significant Bitcoin buy-in by two Middle Eastern countries: Saudi Arabia and Qatar. Recently, crypto analyst Justin Verrengia shed light on this speculation, suggesting that an official announcement could be made in the near future. While these rumors have caused a stir in the crypto community, it is
Bitcoin, the leading cryptocurrency, has been experiencing a significant decline in price recently, leading to speculation and predictions from various analysts and enthusiasts. In this article, we will delve into the insights provided by Chris J Terry, a prominent cryptocurrency analyst, and examine the factors contributing to the continuous downward trend. Additionally, we will explore
Bitcoin, the premier cryptocurrency, has experienced a lackluster performance in recent weeks, with a decrease of over 3% in its value according to CoinGecko data. However, a positive on-chain revelation provides some hope for a potential recovery. Popular crypto analyst Ali Martinez has revealed that the number of Bitcoin whales, entities holding at least 1,000
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