Bitcoin’s August Slump: Dormant Wallets Stirred, But Vintage BTC Spending Slowed

Bitcoin faced a challenging August, with its price dipping by 8.6%. Data shows that although 84 previously inactive bitcoin wallets became active last month, the total amount of vintage BTC spent was lower in August than in July. Specifically, dormant wallets spent around 2,291 BTC from addresses that hadn’t been touched between 2011 and 2017. … Read more

Ethereum Technical Analysis: ETH Price Hovers in Consolidation Zone

On September 2, 2024, ethereum was priced at $2,517, with a 24-hour intraday range of $2,407 to $2,531. Over the past week, its price fluctuated between $2,409 and $2,740, reflecting ongoing volatility. With a 24-hour trading volume of $14 billion and a market capitalization of $302.85 billion, ether’s market dynamics remain under pressure as it … Read more

Bitcoin Technical Analysis: BTC Fails to Break Key Resistance Levels

On September 2, 2024, at 7:30 a.m. EDT, bitcoin’s price stood at $58,388, fluctuating within an intraday range of $57,257 to $58,698. With a trading volume of $29.57 billion and a market capitalization of $1.15 trillion, the leading crypto asset demonstrated significant volatility. Technical indicators reveal persistent downward momentum, suggesting that traders should remain cautious … Read more

Bilateral Settlement Between China and Russia Worsens Due to New Sanctions

The payment flow between China and Russia is being disrupted once again due to the enactment of a new package of sanctions that includes 46 Chinese companies allegedly assisting the Russian war effort. This has affected imports of dual-use products, which can be used for both military and civilian purposes, as well as other merchandise. … Read more