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Bitcoin has recently hit the $71,000 mark but has since been floating in a state of indecisiveness. This period of stagnation often precedes a significant market movement, but predicting which direction the price will take remains a challenge. One crypto analyst, Alan Santana, has delved into the Bitcoin chart to provide insights into the potential
The recent surge in Bitcoin’s price, reaching $70,000, has sparked optimism among long-term holders as they see their investments move into the profit zone. One key indicator of this positive sentiment is the return of the Coinbase Premium, which has now turned positive after trading in the negative since May 18. The Coinbase Premium Index
The recent price surge in Bitcoin has resulted in long-term holders profiting from their holdings. According to a market report by on-chain analytics platform Glassnode, long-term holders (LTH) are currently in profit, with only a negligible amount of 4,900 BTC (0.03% of LTH) acquired above Bitcoin’s current price. These long-term holders are mainly individuals who
Bitcoin’s price has shown signs of returning to a choppy market condition, dimming hopes of an imminent breakout to new highs. However, despite the current stagnation, the ongoing bull cycle may not be over yet. Recent on-chain observations reveal that Bitcoin has entered a phase known as the “Euphoria Wave” over the past few months.
The Ethereum meme coin market has recently witnessed a resurgence, with Baby Apu Apustaja (BAPU) leading the pack in terms of overnight gains. The coin’s market price surged to $0.000000059, representing an impressive 24-hour change of +8,522%. The project’s fundamentals, coupled with a creative marketing campaign, have propelled Baby Apu Apustaja into the spotlight, capturing
The European Securities and Markets Authority (ESMA) has identified Maximum Extractable Value (MEV) as a form of illegal market abuse under the proposed technical standards for the Markets in Crypto-Assets (MiCA) regulation. This development has raised concerns within the crypto industry, as highlighted by Patrick Hansen, a well-known commentator on crypto regulations, on Twitter. According
In recent news, popular crypto influencer GCR fell victim to a hack on Twitter, resulting in a compromised account and misleading price predictions. This incident sheds light on the vulnerability of social media platforms to such scams and the potential impact on the cryptocurrency market. Let’s delve into the details of the hack and its
After the recent Bitcoin halving in April, the cryptocurrency market has been eagerly waiting for a potential price breakout. Bitcoin did see a rise to $71,443, but it quickly retraced to $66,936. Renowned analyst Rekt Capital has provided insights into this price movement and predicted a potential bullish run for Bitcoin in the coming months.
Glassnode’s recent market report highlighted the slowdown in new capital flowing into the Bitcoin network, suggesting that the lack of demand could be hindering the cryptocurrency’s price from reaching new highs. The Realized Cap metric, which estimates the value of each Bitcoin based on the last time it was traded, currently stands at $574 billion.