Market Trends – DIGIT INFO

Bitcoin ETFs Record Another Day of Losses; Ethereum ETFs Stay Neutral

DIGIT — Thu, 10 Oct 2024 14:31:20 +0000

On Wednesday, U.S. spot bitcoin exchange-traded funds (ETFs) faced another tough day, with the 12 funds seeing outflows totaling $30.59 million. In contrast, their spot ethereum ETF counterparts had an uneventful day, with all nine funds neither gaining nor losing value. Wednesday’s Spot Crypto ETF Action On Oct. 9, the 12 U.S. spot bitcoin ETFs […]

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BTC’s Future in Focus: 4 Key Factors That Could Drive or Stall Its 2024 Rally

DIGIT — Fri, 04 Oct 2024 21:02:51 +0000

At press time, the crypto economy is cruising at $2.14 trillion, following a modest uptick Friday morning. There are 88 days left in the year, 32 days until the 2024 U.S. Election Day, and 34 days until the Federal Reserve’s next meeting. With numerous developments, including rising tensions in the Middle East, a variety of […]

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Digital Collectibles Market Struggles as September NFT Sales Slide by 47.9%

DIGIT — Tue, 01 Oct 2024 13:30:53 +0000

Over the last two weeks, non-fungible token (NFT) sales have enjoyed steady week-over-week increases. However, when we compare the numbers from September to August, the story takes a different turn. Data from Cryptoslam.io reveals that September saw a 47.9% drop in total digital collectible sales compared to the previous month. NFT Market Faces Continued Decline […]

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Bitcoin Eyes a Positive Finish to September, Setting the Stage for ‘Uptober’

DIGIT — Sat, 28 Sep 2024 19:30:45 +0000

With two days remaining in September, bitcoin’s monthly gain stands at 11.11%, setting the stage for the widely anticipated ‘Uptober.’ Historically, October has been a strong month for bitcoin, delivering positive returns 81.82% of the time since 2013. ‘Uptober’ on the Horizon: Bitcoin Looks to Buck September’s Bearish History As of Saturday, Sept. 28, 2024, […]

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Bitcoin Technical Analysis: BTC Consolidates, Signaling Potential Breakout

DIGIT — Mon, 23 Sep 2024 11:36:03 +0000

Bitcoin is currently trading at $63,554, following a fluctuating 24-hour range between $62,479 and $64,687. Key technical indicators show mixed signals, with consolidation after recent resistance at $64,730. Traders are watching closely for potential entry points as market indecision sets in across multiple timeframes. Bitcoin On the 1-hour chart, bitcoin (BTC) shows signs of cooling […]

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Bitcoin Emerges as a ‘Unique Diversifier,’ Says Blackrock’s Latest Report

DIGIT — Wed, 18 Sep 2024 18:20:33 +0000

In a recent report, Blackrock, the largest digital asset manager, explores bitcoin’s role as a unique investment diversifier, highlighting its distinct risk and return factors compared to traditional assets. The financial institution’s report also discusses bitcoin’s growing appeal among institutional investors. Blackrock Report Sees Bitcoin as a Key Asset for Long-Term Portfolio Diversification Blackrock, the […]

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Bitcoin Technical Analysis: Mixed Signals Keep BTC Below $60K, Short-Term Rebound Possible

DIGIT — Mon, 16 Sep 2024 11:17:22 +0000

As of Sept. 16, 2024, bitcoin traded at $58,578, within a 24-hour range of $58,231 to $60,366. The leading crypto asset saw a daily trade volume of $26.95 billion, with a market cap of $1.15 trillion. Despite this high liquidity, bitcoin is struggling to break key resistance levels, as technical indicators show mixed momentum. Bitcoin […]

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Bitcoin Technical Analysis: Path to $58K Blocked by Heavy Resistance at $56,000

DIGIT — Mon, 09 Sep 2024 12:27:51 +0000

On September 9, 2024, bitcoin is trading for $55,321, rebounding from recent lows but facing strong resistance around the $56,000 mark. Oscillators and moving averages present a mixed picture, with signals split between sell and buy actions. Bitcoin Bitcoin’s price saw a short-term recovery, rising from a low of $53,636 on September 8 to $55,614. […]

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Crypto Market Wobbles: Helium Gains While Zcash Leads Week’s Declines

DIGIT — Mon, 02 Sep 2024 14:05:14 +0000

While bitcoin and ethereum dipped between 8.6% and 8% against the U.S. dollar, most crypto assets didn’t have a winning week. However, helium (HNT) bucked the trend, soaring by 15.43% against the dollar over the past seven days. On the flip side, zcash (ZEC) took the hardest hit, plummeting 28.63% during the same period. Crypto […]

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

DIGIT — Mon, 02 Sep 2024 13:40:07 +0000

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. […]

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