El Salvador’s Bitcoin holdings grow by 162 BTC with daily buys
With each new Bitcoin purchase, the country’s financial future becomes increasingly tied to the fortunes of an unpredictable crypto market. Go to Source
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Bitcoin’s Dominance Soars To 56% As Long-Term Holders Maintain Strong Conviction
Bitcoin, the leading digital asset, continues to solidify its dominance in the cryptocurrency market, now commanding an impressive 56% of the total market capitalization. This surge in dominance, rising from 38% in November 2022 to 56% today, reflects the unwavering confidence of Bitcoin’s long-term holders, who have been steadily accumulating BTC beneath the surface. #Bitcoin, … Read more
Bitcoin exchange inflow has fallen sharply in August — CryptoQuant
Exchange inflow gauges potential selling pressure, with high inflow suggesting high sell pressure and low inflow suggesting low pressure. Go to Source
3 reasons why Bitcoin price could hit $68K in September
Bitcoin’s technical setup and onchain data hint at a short upside recovery in the making. Go to Source
Babylon Staking Sparks Bitcoin Fee Surge: Transfers Hit $105 Before Plummeting
On Aug. 22, Bitcoin’s onchain transaction fees took off, soaring to more than 1,250 satoshis per virtual byte (sat/vB), which translated to over $105 per transfer at 8:45 a.m. EDT. However, by 9:40 a.m. EDT on Thursday, fees had dropped to 625 sat/vB or $53.26 per transaction. Bitcoin Miners Rejoice as Fees Hit $105 The … Read more
Bitcoin ‘parabolic’ rally may start in Q4, according to historical price data
Q4 could be a blockbuster moment for Bitcoin price as a multi-year historical price trend holds up. Go to Source
Dormant Bitcoin Wallets From 2013 and 2014 Come Alive Moving $20.3M
As bitcoin hovers just below the $60,000 mark, two long-dormant bitcoin wallets, untouched since 2014 and 2013, sprang to life, moving a total of 342.59 BTC, valued at $20.3 million at today’s rates. 2 Vintage Bitcoin Wallets Suddenly Awaken, Moving $20.3 Million On Wednesday, a bitcoin wallet that had been inactive since Aug. 18, 2014—almost … Read more
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
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
Bank of Ghana Unveils Proposed Virtual Asset Regulations
The Bank of Ghana has released draft regulations aimed at creating a framework for the cryptocurrency industry. The rules are designed to protect consumers, prevent financial crimes, and encourage financial inclusion. Virtual asset service providers (VASPs) will be required to register and meet strict standards, while commercial banks are prohibited from dealing directly with virtual … Read more