Former US President Donald Trump is now accepting Shiba Inu for his campaign donations. Besides SHIB, the Trump campaign also accepts Bitcoin, Ethereum, Dogecoin, Solana, and XRP. In his “Make America Great Again” campaign, the presidential candidate presents himself as the defender of American freedom and innovation prepared to welcome new technologies. There were speculations […]
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Bullish Signals Abound As Bitcoin Supply Tightens To Historic Levels
The Bitcoin supply is currently experiencing historic levels of tightness, with Long-Term investors holding an all-time high of coins and significant accumulation ongoing, according to Glassnode’s recent on-chain report. Various on-chain supply metrics highlight this tightness. The data indicates that Illiquid, HODLed, and Long-Term Holder Supply metrics are all at historical highs, underlining the scarcity […]
Glassnode Co-Founder Dubs $28k Bitcoin Level Crucial Amidst Surging Prices
In the cryptocurrency world, swift and unexpected price movements can often leave investors in a state of awe. Glassnode’s co-founder, known as “Negentropic” on Twitter, recently highlighted a price level that’s sending ripples across the crypto space. Why is $28,000 for Bitcoin suddenly such a critical point of interest? After Negentropic’s tweet caught the crypto community’s attention, […]
Ethereum Whale’s $23.8M Transfer To OKEx Sparks Crypto Speculation
In a surprising twist, the cryptocurrency world is buzzing with the revelation of an enigmatic Ethereum (ETH) whale conducting a breathtaking transfer of 15,000 Ethereum tokens to the esteemed crypto exchange, OKEx. As reported by the renowned crypto news source ‘Whale Alert,’ this remarkable transaction boasts a substantial value of $23.8 million, plunging the entire […]
Bitcoin Holders Optimistic Amid Price Stagnation, Eyes On SEC ETF Decision
In the face of Bitcoin’s recent price stability, dedicated holders of the leading cryptocurrency maintain unwavering confidence in an imminent bullish rally. Their optimism is primarily driven by the potential approval of a spot BTC ETF by the U.S. Securities and Exchange Commission (SEC), with expectations ranging from late 2023 to sometime in 2024. Over […]
Bitcoin Network Sparks Intrigue As Block Fullness Reaches All-Time High
In a groundbreaking revelation, the Bitcoin network finds itself in uncharted territory as it grapples with the longest period of block fullness in its history, as per the latest data from Dune. Over 461,000 transactions are queuing up in the mempool, sparking intense curiosity and in-depth scrutiny within digital currencies. James Check, widely acknowledged as […]
Bitcoin Accumulation Surge As Exchange Reserves Hit All-Time Lows
In a surprising turn of events, on-chain data reveals a striking trend in Bitcoin. With BTC prices experiencing a $27,106 dip, holders are not panicking but are accumulating. Exchange reserves have plummeted to their lowest levels this year, signaling a newfound confidence in the cryptocurrency. Glassnode’s latest chart tracking active Bitcoin supply unveils an unprecedented […]
Bitcoin Addresses Surge Amid Price Drop – Analysts Bullish On Long-Term Uptrend
The Bitcoin (BTC) market is undergoing a sturdy consolidation phase, with its price hovering around $29,000. This prolonged period of stability has left investors perplexed amidst the subdued price volatility. However, beneath the surface, on-chain data paints a more optimistic picture of the world’s leading cryptocurrency. Despite the recent correction from $32,000 to $29,000, the […]
Bitcoin’s Block 800,000: Journey Of 14.5 Years In A Neat 497GB Package
In a world where cryptocurrencies continue to captivate the financial landscape, Bitcoin stands as the reigning champion, boasting a rich and eventful history. Today, as Block 800,000 was successfully mined, the crypto community witnesses yet another milestone etched into the digital ledger. Lead On-chain Analyst at Glassnode, Checkɱate, took to Twitter to share the momentous occasion. The […]
Bitcoin Market Remains Constrained In Tight Trading Range Despite Temporary Price High
Bitcoin (BTC) reached a temporary yearly price high of $31.7k, but the overall market remains stagnant within an exceptionally narrow trading range. Various metrics indicate a slow and steady capital inflow, reminiscent of the choppy market conditions witnessed in 2016 and 2019-2020. The latest Week On-Chain Glassnode report sheds light on the current state of […]