Why is Bitcoin stagnated despite $2B in spot ETF inflows?
Reasons for BTC’s weakness include Mt. Gox coin movements, regulatory actions, and the U.S. Senate’s anti-crypto lobby. Go to Source
Glassnode
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Glassnode Report Highlights Diverging Performance Between Bitcoin and Ethereum
The onchain analytics firm Glassnode has released a new report detailing the contrasting performance of bitcoin and ethereum during the 2023-24 cycle. The report highlights bitcoin’s resilience and ethereum’s comparative lag in speculative interest and price performance. Bitcoin’s Post-Halving Resilience Contrasts With Ethereum’s Struggles, Says Glassnode Glassnode researchers noted a significant divergence in performance between … Read more
Bitcoin could soon ‘BLOW higher’ on bullish candle hammer: Glassnode execs
Traders will be closely watching how Bitcoin’s weekly chart closes on May 12 to look for signs of the end of the downtrend. Go to Source
Long-Term Bitcoin Holders Begin ‘Taking Chips Off the Table’ at Record Highs, Analysis Shows
A recent study by onchain analysts at Glassnode reveals a significant increase in profit-taking activities as bitcoin surged to a new all-time high (ATH) of $73,794, marking a notable phase in the cryptocurrency’s market dynamics. Glassnode Highlights Intensified Profit-Taking Amidst Bitcoin’s Rally to New Heights Glassnode’s 13th weekly 2024 onchain analysis indicates a strategic shift … Read more
Bitcoin Ordinals haven’t wrestled blockspace from money TXs: Glassnode
Inscriptions have been acting more as a “packing filler,” stuffed into any remaining space once higher-value monetary transfers are packed into blocks, said the firm. Go to Source
Is Bitcoin’s record-low volatility and decline in short-term holders a bull market signal?
Traders believe that Bitcoin’s low volatility is a bull market signal, but their bias could be preventing them from acknowledging potentially negative macro outcomes. Go to Source
Bitcoin price is down, but data signals that $30K and above is the path of least resistance
Even with a price correction to $29,000, several Bitcoin price metrics show traders casting bets on a quick rebound. Go to Source Powered by WPeMatico
Bitcoin addresses holding 1 BTC or more reach one million: Glassnode
Convicted buyers have bought up cheap Bitcoin as prices fell over the course of last year. Go to Source Powered by WPeMatico
Ether hits 11-month high as post-Shapella withdrawals pass 1M ETH
Since the Shapella hard fork on April 12, Ether has seen a price gain of nearly 10%. Go to Source Powered by WPeMatico
London Stock Exchange’s LCH SA to Clear Bitcoin Futures and Options on GFO-X Through New Service
On April 13, 2023, the London Stock Exchange’s LCH division, a clearing house group serving major international exchanges and a wide range of over-the-counter (OTC) markets, announced its plans to offer clearing of bitcoin index futures and options contracts traded on GFO-X. Frank Soussan, the business lead at LCH Digital Asset Clear, stated during the … Read more
