The prominent analytical platform CryptoQuant provided details of the changing role of Bitcoin. In a recent X post, the platform noted that over the past few years, BTC has not only become a means of payment but also has become an important investment tool. The latest on-chain data presents a notable trend. The number of […]
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Bitcoin Rumored As National Asset: $500k+ Price Targets And Global Impact
Popular crypto analyst Andrew Kang has recently brought quite a lot of attention to the cryptocurrency community with his thoughts on Bitcoin (BTC). In a recent X post, Kang revealed that numerous speculations are going on as to why some politicians are advocating for Bitcoin as a national asset that could be kept in the […]
Bitcoin On The Brink: Analyst Predicts Potential 3% Surge
Crypto analyst Ali Martinez recently pointed out a peculiar pattern in the behavior of Bitcoin. In a post on X, Martinez gave a detailed analysis and stated that Bitcoin is currently in an ascending parallel channel in the lower time frames. This could mean that the BTC is in the process of establishing an upward […]
Bitcoin Market Sees Temporary Dip After Old Coins Hit Exchanges
Top tier data analytical platform CryptoQuant provided some analysis of the recent Bitcoin market volatility. The analysis of the platform’s CDD data showed that there was a decrease in the price of BTC when older coins are moved to exchanges. This trend reveals how even a small amount of aged BTC could affect the market […]
Bitcoin Seller Pressure Rises As 4,623 BTC Hit Spot Exchanges In One Block
According to CryptoQuant, a prominent analytical service, a noteworthy shift has occurred in the Bitcoin market. A total of 4,623 Bitcoins was traded in spot exchanges in a single block on 8th July 2024, which has led to speculations regarding the future of the seller pressure. CryptoQuant analysts have offered a detailed analysis of futures […]
Bitcoin Struggling at $12,000 is Only a Small Problem
Time and Time again, a resistance zone is seemingly getting attention from the community, which becomes Bitcoin’s immediate forward struggle. During the early period of 2020, The resistance set by $10,450 was considered the next big proving point, and right now, the tale is repeating with respect to the $12,000. Bitcoin and Ethereum hit their […]