ANALYSIS
Bitcoin Transaction Volume Hit a 3-Month Low of $3.014 Billion
Bitcoin (BTC) gained momentum in the last 24 hours to trade at $37,200, and the transaction volume also hit a 3-month low of $3.014 billion.
76.7% of Bitcoin Supply is Illiquid- What This Means
On-chain analyst William Clemente III noted that Bitcoin price could continue going up in the long term because 76.7% of Bitcoin is illiquid.
Why Cryptocurrency Massive Energy Consumption Is Extravagant?
Overblown bitcoin energy consumption is leaving an adverse impact on environmental sustainability and different opinions exist of bitcoin miner experts regarding this major concern.
Bitcoin Supply Gets Back to Long-Term Holders
Bitcoin supply is finding its way back in the hands of long-term holders.
Gold Regains Its Old Shines While Bitcoin Struggles to Maintain $37,500 Level
Gold moves higher while Bitcoin still struggles to maintain the support of around $37,000.
All Crypto Assets Correlation Meets Greater Than 60% with Bitcoin
The correlation between Bitcoin and other cryptoassets like Ethereum (ETH) and Litecoin (LTC) is above 60%, as acknowledged by Messari Crypto researcher Mira Christianto.
Bitcoin Drops Down Nearly 50% from its Peak-Where is the Key Support Level?
The largest mainstream cryptocurrency Bitcoin continues another round of sell-off after a roller-coaster week trading. On Sunday, Bitcoin's biggest drop reached to 18% and fell to the lowest $31,111. This price was almost half of the $64,854 Bitcoin hit its All-Time High (ATH) on April 14 this year.
Ethereum Whale Transactions Ballooned to Levels Since January 2018
On-chain metrics provider Santiment acknowledged that ETH whale transactions went through the roof in the past week.
Bitcoin Lost Over $500 Billion in Market Capitalization With the Latest Correction
The downtrend witnessed in the Bitcoin market has caused the top cryptocurrency to shed more than $500 billion in market cap.
Bitcoin Crashed down to $30K-What’s Next?
Despite the price of Bitcoin (BTC) retracted by 30%, followed by a plummet intraday Wednesday. the bulls are trying to push Bitcoin stand firm over the 200-Exponential Moving Average (200-EMA) of around $42K.
