Bitcoin

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Bitcoin’s Bullish Turnaround: New Investor Influx Key To Sustained Growth

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Since early 2024, Bitcoin and Ethereum have experienced a decline in active addresses, a crucial metric for gauging market sentiment. For the bulls to regain control, an influx of new investors is essential. Current Market Snapshot: – Bitcoin active addresses: 1.17M (early 2024) → 855K – Ethereum active addresses: 382K (early 2024) → 312K Since … Read more

Uptober Off To A Rocky Start: Bitcoin And Ethereum Slide 4% Amid Geopolitical Tensions

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October, notoriously known as “Uptober” among crypto enthusiasts, has kicked off on a sour note. Bitcoin and Ethereum plummeted over 4% each, with $BTC hitting $61,750 and $ETH tumbling to $2,495. Uptober has started with a drop, with bitcoin and Ethereum dropping over 4% each 📉$BTC hit $61,750, while $ETH fell to $2,495 👀 This … Read more

Ohio Senator Pushes for Cryptocurrency Tax Payments With New Bill

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Ohio State Senator Niraj Antani has introduced a bill to legalize cryptocurrency payments for state and local taxes. Emphasizing the importance of cryptocurrency in the present economy, the bill requires Ohio to accept digital currencies like bitcoin and allows state retirement systems to invest in them. Antani highlights Ohio’s historical role in cryptocurrency adoption. Ohio … Read more

New Bitcoin Investors Show Confidence Amid Market Recovery, Says Glassnode 

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In a report by Glassnode and researchers Cryptovizart and Ukuria OC, bitcoin has reclaimed a key short-term cost basis after the Federal Reserve’s recent interest rate cut. This recovery signals the potential for further price momentum, although broader market conditions remain cautious. Bitcoin Reclaims Short-Term Cost Basis According to Glassnode, bitcoin’s price has risen above … Read more

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