Bitcoin short-term holders ‘over-reaction’ a factor in BTC’s drop below $50K — Glassnode
Glassnode says short-term holders have “carried the brunt” of losses from Bitcoin’s recent drop below $50,000. Go to Source
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Bitcoin whales now add just 1% to their BTC holdings per month
Bitcoin large-volume investors have slowed their BTC accumulation to a crawl versus the run-up to all-time highs earlier this year. Go to Source
Bitcoin seen following stocks as BTC price gains 2.5% to attack $61K
Bitcoin stands to gain from increasingly risk-on macro sentiment, but can it shift a stubborn BTC price range? Go to Source
3 reasons why Bitcoin won’t be ‘boring’ in September
While Bitcoin failed to close above the $60K psychological level on the weekly chart, the long-term holders (LTHs) continue to adopt a bullish strategy in 2024. Go to Source
Runes Transactions Dominate Bitcoin Network Amid Diverging Strategies In Leadership Race
On August 18, Runes transactions accounted for an impressive 70.52% of all Bitcoin transactions, a significant leap from their usual range of 40%-70% over the past month. Despite this dominance, the Runes Marketplace saw its lowest single-day transaction volume, registering just $907,000—marking the smallest secondary market activity since Runes’ inception. On August 18, Runes transactions … Read more
Kamala Harris’s Alleged ‘Crypto Reset’ Absent in Democratic Agenda
While the Republican platform addresses the issue of cryptocurrency and bitcoin, the Democratic Party’s latest platform remained silent on the matter. Adding to the buzz, there are whispers that Kamala Harris’s campaign might be eyeing Gary Gensler, the current head of the U.S. Securities and Exchange Commission, for the role of Treasury Secretary. Democrats’ Latest … Read more
Bitcoin’s range-bound price action could kickstart BNB, TON, AAVE and HNT
Bitcoin’s price consolidation could convince traders that it’s time to play with altcoins. BNB, TON, AAVE and HNT are the ones on Cointelegraph’s radar. Go to Source
Bitwise Expands European Presence Through Acquisition of ETC Group
Bitwise Asset Management has taken a bold step into the European market by acquiring ETC Group, a London-based provider of cryptocurrency exchange-traded products (ETPs). This strategic move increases Bitwise’s assets under management to over $4.5 billion, adding nine European-listed crypto ETPs to its expanding portfolio. Bitwise Enters European Market by Acquiring ETC Group, Boosting Crypto … Read more
US Bitcoin ETFs on the Verge of Controlling 1 Million BTC
According to the latest data collected on Aug. 16, 2024, the 12 spot bitcoin exchange-traded funds (ETFs) collectively hold around 910,153.83 BTC, which translates to over $53 billion at the current exchange rates. Leading the pack is Blackrock’s IBIT, holding the largest portion with 38.34% of the total BTC. 12 Spot Bitcoin ETFs Close in … Read more
Price analysis 8/19: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA
The S&P 500 Index is nearing its all-time high, but Bitcoin is struggling to rise above $60,000, pointing to further underperformance in the near term. Go to Source