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.
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.
Long-Term Bitcoin Holders are Accumulating Coins After Trimming Their Positions in the Early Bull Run
Long-term Bitcoin holders see the present steep plunge as the perfect opportunity to accumulate more coins.
