The first woman to gain more than a million YouTube subscribers is now going all-in on bitcoin to promote financial freedom to her loyal fanbase. “I kind of view bitcoin as similar to YouTube, which…
After PayPal & Paul Tudor Jones, Bitcoin Tops…
It’s been a big week for Bitcoin. At press time Bitcoin has held levels above $12,000 since Wednesday, and appeared to be on track to break through the $13,000 resistance. Join your industry leaders at…
PayPal’s Just Introduced a Bitcoin Onramp to 346…
Bitcoin’s price rocketed to $13,000 this morning after news broke regarding FinTech giant PayPal’s foray into the crypto market. It has long been rumored that the payment processing firm was cooking up a crypto-related feature.…
Seller shortage? Bitcoin exchange reserves plunge as BitMEX…
Bitcoin (BTC) exchange reserves are continuously plummeting as analysts pinpoint the trend to a shortage of sellers. Since the March crash, the reserves on exchanges rapidly fell from 2,950,000 BTC to 2,700,000 BTC. Within merely…
On-Chain Data Finds OKEx Holds $2.3 Billion Worth…
According to the researchers at Glassnode, OKEx holds $2.3 billion worth of Bitcoin. The report comes after the exchange temporarily suspended withdrawals on October 16. In a public statement, OKEx said that one of the…
Bitcoin whale clusters pinpoint critical levels BTC must…
Bitcoin (BTC) whale clusters point toward three critical price levels to maintain a bullish market structure in the near term. Whale clusters form when large investors purchase Bitcoin and do not move it, making it…
Bitcoin’s Network Health Plunges as New Investors Stop…
Bitcoin’s price has been facing some turbulence throughout the past couple of days and weeks, with buyers and sellers being unable to catalyze any clear momentum in either direction. Earlier this week, bulls roared when…
Profit taking Bitcoin miners won’t stop the next…
Historical data shows that some miners began to sell Bitcoin (BTC) at the end of July, leading to increased selling pressure in the cryptocurrency market. Eventually, the dominant cryptocurrency fell steeply from mid-August, recording a…
Coinbase Pro passes gas fees to users as…
Ethereum miners’ hourly revenue has hit a five-year record, with fees currently bringing in 2,275 ETH ($880K) per hour. The spike was triggered by yesterday’s announcement that Uniswap would airdrop it’s governance token UNI to…
Defi Economy Rebounds: Total-Value Locked Jumps 28% Capturing…
,The total-value locked (TVL) in decentralized finance (defi) economy has recaptured much of the value lost during the Sushiswap fiasco last week. At the time, the defi TVL tumbled down to $6.8 billion from the…
Bitcoin’s Hash Rate Hits New Highs, Leading to…
Bitcoin’s recent price turbulence has not been emblematic of its underlying strength, as the cryptocurrency’s hash rate has been plowing higher throughout the past several weeks and months, just setting another fresh all-time high. This…
Is Bitcoin Headed Back Below $10k? Uncertainty Grows…
This week tested Bitcoin’s mettle over the $10,000 level. After dipping from around $11,200 to roughly $10,250 from Thursday, September 3rd, to Friday, September 4th, Bitcoin has not shown any signs of rising back…
On-chain data signals increasing Bitcoin activity — But…
According to CryptoQuant CEO Ki Young-Ju, over-the-counter (OTC) Bitcoin (BTC) deals might be occurring in a way that is similar to the pattern seen in February 2019. According to the on-chain analyst, this is historically…
The Number of Bitcoin “Wholecoiners” Just Hit a…
Bitcoin investors have been accumulating the digital asset at a rapid pace throughout the past several days and weeks, with the cryptocurrency seeing massive inflows of capital in August while its price remained somewhat stagnant…
Glassnode report suggests the fair value of SUSHI…
Research by on-chain analytics provider, Glassnode, has taken a deep dive into the economics and value of the SUSHI token, revealing that it may be worth far less than its current price. And that's after…
Crypto Markets See Red: BTC Headed Back to…
Bitcoin has steadily been falling since Thursday of this week–last Friday, Bitcoin was sitting comfortably around $11,440, where it largely remained before peaking just over $12,000 on Wednesday. The Most Diverse Audience to Date…
What now for Bitcoin price? September starts with…
On Sept. 1, a new Bitcoin monthly candle opened with significant optimism. The August monthly candle closed above $11,500 for the first time since the all-time high in 2017. But in the short term, traders…
Huge Ethereum buy wall sends ETH to a…
As the price of Ethereum’s Ether (ETH) surpassed $450, a huge buy wall on the major cryptocurrency exchange Bitfinex emerged. Shortly thereafter, ETH achieved $270, a 19-month high against Bitcoin (BTC). The price of Ether…
New crypto analytics app promises to make trading…
A new cloud-based platform called altFins is releasing a crypto analytics app that will allow investors and active crypto traders to screen, analyze, and trade altcoins across a multitude of exchanges. According to data from…
Bitcoin ‘Black Thursday’ Repeat Unlikely as Exchanges Have…
As Bitcoin (BTC) price pulled back below $12,000, some investors began to worry that another crypto market crash like one that occurred on March 11 would occur. However, data from CryptoQuant, an on-chain analysis firm,…
Bitcoin Investor Profitability Shows There’s Room for Major…
Bitcoin’s mounting fundamental strength has been forming a compelling case that upside may be imminent for the cryptocurrency. This underlying strength can be seen on multiple fronts, with the cryptocurrency’s market health growing due to…
98% of All Bitcoin Is Now Worth More…
Bitcoin (BTC) has delivered gains to its holders on almost 98% of all days since 2013, new data confirms. According to a dedicated social media-based monitoring resource which tracks profitability, buying Bitcoin has made its…
Bitcoin Price Above $11.5K as Key BTC Price…
Today Bitcoin (BTC) price rebounded from its recent low at $11,125 on Aug 11 to $11,617. This suggests traders are turning optimistic as key data show a significant amount of liquidity for BTC until $12,000.…
Small Investors are Flooding into Bitcoin as Whales…
The composition of Bitcoin’s investor base is rapidly shifting, with smaller investors garnering greater dominance over the total circulating BTC supply. This comes as the dominance of so-called crypto whales sees a sharp decline, signaling…
Over 90% of Ether Supply Is Now in…
As Ether (ETH) continues to hit new 2020 highs, the majority of ETH is now reportedly profitable. According to data from blockchain intelligence firm Glassnode, more than 90% of the circulating ETH is now in…
Over 90% of ETH’s Supply Now in Profit
More than 90% of ETH’s circulating supply is now in profit. The last time this level was observed was in early 2018 when the price of the cryptocurrency was $925. Research and analytics firm Glassnode…
Stocks Crash Can Stop $11.3K Bitcoin Price ‘In…
Bitcoin (BTC) is showing all the signs of further price gains but macro markets could still bring the bull run to an end, says Glassnode. In its latest weekly update, The Week On-Chain, the analytics…
Nearly 93% of the Bitcoin Supply is Profitable;…
Bitcoin’s intense uptrend throughout the past week led its price to highs of $11,400 before it lost some momentum and declined slightly. This latest uptrend has made it so that BTC is less than 45%…
93% of Bitcoin’s Supply Profitable at $11K, ‘Realized…
Onchain data shows that bitcoin’s breakout above $11,000 puts 93% of the circulating supply in a state of profit. Additionally, seven-day metrics show that bitcoin’s “realized price” has recovered from the low that took place…
Bitcoin’s Realized Price Action Shows Full Recovery From…
Another key metric points to the recovery of the Bitcoin (BTC) market — the current price has recently doubled the asset’s “realized” price. Bitcoin price versus realized price. Source: Glassnode. What is the “realized” price…
Macro Indicators Predict BTC Rally as Bitcoin Price…
Since early May, the price of Bitcoin has been at a standstill in a tight range between $8,500 and $10,000. For most of the past month, BTC has remained between $9,000 and $9,500 as realized…
Bitcoin Volatility Metrics Are Like November 2018 All…
Bitcoin’s ongoing low-volatility range play is reminiscent of the price doldrums observed ahead of a sudden 40% price crash in the second half of November 2018. This time, however, the price squeeze may end with…
Bitcoin Price Poised for ‘Imminent’ Breakout As Network…
The price of bitcoin could see an ‘imminent’ breakout, according to the latest Glassnode data. The data firm says bitcoin (BTC) has been flashing bullish for the past six weeks amid positive onchain activity. Meanwhile,…
Ethereum Activity Metric Hits Highest Level in 2…
Levels of activity on Ethereum have peaked to their highest in two years, going by one metric. The seven-day moving average of the number of active ether addresses rose to 405,014 on Friday – a…
Ethereum Activity Metric Hits Highest Level for 2…
Levels of activity on Ethereum have peaked to their highest in two years, going by one metric. The seven-day moving average of the number of active ether addresses rose to 405,014 on Friday – a…
Why an Analyst Isn’t Convinced Bitcoin Established a…
Many traders have argued over recent weeks that Bitcoin’s recent price action resembles a textbook top. As NewsBTC has covered extensively, there are a number of signs to corroborate this sentiment: Yet a trader has…
‘Boring’ Bitcoin Hits Multiple Record Highs in a…
After weeks of uninspired price action, Bitcoin hit new heights today on a variety of metrics: new addresses, active addresses, hourly transaction count and hourly spent outputs. Glassnode CTO Rafael Schultze-Kraft posted on twitter listing…
‘Boring’ Bitcoin Hits Multiple Year-to-Date Highs
After weeks of uninspired price action, Bitcoin hit new heights today on a variety of metrics: new addresses, active addresses, hourly transaction count and hourly spent outputs. Glassnode CTO Rafael Schultze-Kraft posted on twitter listing…
Only 27% of Circulating Bitcoin has Moved in…
Bitcoin’s ongoing bout of sideways trading has offered little insight into its mid-term outlook. New data now shows that Bitcoin’s price action throughout 2020 has been driven by a significantly limited number of market participants,…
Bullish Case for Bitcoin Grows as BTC Whale…
Recently published data from glassnode shows there are currently more than 1,800 Bitcoin (BTC) whales. From a macro perspective, this increase in the number of whales can be considered bullish. The term whale is used…
Record Breaking Unmoved Bitcoin Data Sparks Expectation of…
The amount of bitcoin that has not moved in over a year is at an all-time high. The last peak was in 2016, before the bitcoin bull run that saw the price spike to $20K.…
Bitcoin Still Up 27% This Year Despite Dismal…
Bitcoin (BTC) is still outperforming the top traditional financial assets so far in 2020 – even after a dour performance this month. At time of writing (10:00 UTC), bitcoin is trading around $9,170, representing a…
4 Reasons Bitcoin Price Suddenly Slid Below $9K,…
The price of Bitcoin (BTC) dropped below $9,000 from $9,660 within seven hours. The 7% plunge comes as $55 million worth of long futures contracts were liquidated on BitMEX. Four factors are likely behind the…
Crypto Long & Short: What Changed My Mind…
One of the things I most enjoy about working in the crypto sector (apart from my awesome colleagues and the constant flow of fascinating change) is the level of debate. I’m not being sarcastic –…
Bitcoin ‘Realized Cap’ Hits New High Similar to…
The “realized cap” of Bitcoin (BTC), a statistic observed by on-chain market analysis platform Glassnode, has hit a new all-time high on June 19. It may indicate an overall increase in new investors in the…
Number of Bitcoin ‘Whales’ Has Risen by 2%…
Bitcoin’s price rally has stalled since the cryptocurrency underwent its third halving on May 11, but investor confidence in the cryptocurrency’s long-term prospects remains strong, data shows. The halving event on May 11 saw the…
80% of Ether Supply in Profit Leads of…
According to crypto analytics firm Glassnode as of June 10, more than 80% of the Ether supply was in profit — leading to fears of a price drop. Glassnode posted a chart showing that the…
Bitcoin Hashrate Spikes to 120 Exahash: Difficulty Drops…
The Bitcoin hashrate is up this weekend after the network experienced it’s fourth negative difficulty adjustment this year. The Bitcoin (BTC) protocol’s difficulty adjustment dropped over 9% on June 4, giving miners who shut off…
Bitcoin Closing the May Candle Above $9,360 is…
Update (3 hours after the close): Bitcoin has closed the May candle above the crucial $9,360 level, managing to take $9,450. Analysts say this is “incredibly significant for bulls” and may show that there is…
Bitcoin Transaction Fees Decline as Network Congestion Eases
After facing a heavy load of transactions earlier this month, bitcoin’s (BTC) network has returned to a more normal level, recent developments suggest. The total amount of fees paid to miners was 80 BTC as…
Bull Run Imminent? Hodl Waves Chart Shows 60%…
According to the creator of the analytical bitcoin data web portal, Look Into Bitcoin, a chart often referred to as ‘Hodl Waves’ shows a bull run could be imminent. The web portal’s analyst Phillip Swift…
Bitcoin Risks Turning Bearish Due to Declining Market…
Bitcoin (BTC) risks sliding back into bearish territory should onchain activity and overall market health continue to decline, warns analytics firm Glassnode. The latest market update from Glassnode shows that the GNI index, which measures…
As Bitcoin Falls to 2-Week Lows, Small Investors…
With bitcoin’s price losing altitude again, small investors appear to be seeking exposure to the top cryptocurrency by market value. Prices fell by 9.8% last week to register bitcoin’s biggest weekly decline since the second…
50% Crypto Crash in March Was a “Nuclear…
Just nine weeks ago, the crypto market fell off the face of a cliff. Within 24 hours, from the peak to trough, the price of Bitcoin fell by more than 50% from ~$7,600 to $3,700.…
Why Bitcoin Claiming This Crucial Level Will Set…
After plunging as low as $8,800 on Thursday, Bitcoin has mounted a slight recovery to $9,300, bouncing back from this week’s shell-shock rumor that Satoshi Nakamoto is liquidating his coins. While it’s too soon to…
Bitcoin Has 140 times More Daily Active Addresses…
Bitcoin (BTC) continues to lead the popularity contest among the top cryptocurrencies — but it has fewer addresses with actual coins in them than Ethereum. According to data from on-chain market analyst Glassnode, Bitcoin has…
Bitcoin Price Drops 5% After Rejecting at Key…
Within the last hour Bitcoin (BTC) price abruptly dropped 4.9% from $9,800 to $9,324. The sharp correction came after the top ranked digital asset on CoinMarketCap failed to push through the $9,900-$10,000 resistance zone. At…
First Mover: Bitcoin Just Got Easier to Mine,…
Bitcoin's mining "difficulty" has undergone its first adjustment since last week's halving, dropping the figure by 6%. Mining difficulty is part of an automatic procedure that takes place on the Bitcoin blockchain every 2,016 data blocks, or roughly every…
Crucial On-Chain Metrics: Bitcoin on the Verge of…
While Bitcoin has seen its fair shares of rallies and crashes since the 2017 highs of $20,000, the cryptocurrency has not yet entered its fourth macro market cycle. Though a crucial on-chain indicator signals that…
This Metric Shows Bitcoin Is Undervalued Even After…
Bitcoin has witnessed triple-digit percentage gains over the past two months. Yet, one metric has turned quite bullish after the recent halving event, showing signs the cryptocurrency remains undervalued and still has room to run. …
Bitcoin’s Price Has Bounced But Miners May Still…
While bitcoin is fast reversing its pre-halving price drop, some miners still look to be leaving the network. At time of writing, the top cryptocurrency by market value is changing hands at $9,730, representing a…
Many Ether Whales Might Be Leaving for Bitcoin:…
While ether’s (ETH) price has risen by nearly 50% this year, the number of addresses holding large amounts of the currency, popularly known as whales, has declined significantly. The seven-day average of the number of…
2 Days After the Bitcoin Halving: Network ‘Remains…
On May 11, 2020, the Bitcoin network completed it’s third block reward halving and the network seems to be chugging along just fine. However, it may take a while longer to see the halving’s effect…
More Than $220M in Bitcoin Withdrawn from Crypto…
In mid-April, news.Bitcoin.com reported on a great number of BTC withdrawn from cryptocurrency trading platforms and after the third BTC halving, the trend has picked up once again. Data from Glassnode’s Bitcoin Exchange Net-Flow statistics…
This Eerie Fractal Predicts Bitcoin Will Slingshot Back…
There are many traders flipping bearish after Bitcoin’s strong retracement over the past day. As reported yesterday, Ethereum’s inability to hold $210 indicates that more downside is on its way for the leading altcoin. Ethereum…
Bitcoin Whales Have Been Buying En-Masse Since Early-2020:…
Unlike traditional assets, where many transactions are hidden, Bitcoin is almost entirely transparent. One may not know who made a transaction or who owns an address, yet people can gain access to data of transactions. It…
Bitcoin Briefly Hits $9K, Investors Remain Bullish
Bitcoin (BTC) failed to plant a flag above $9,000 early on Tuesday, even as on-chain data suggests spiking investor interest in the top cryptocurrency by market value. Prices rose to a high of $9,112 at…
Bitcoin Fails at $9K Hurdle Again, But Data…
Bitcoin (BTC) failed to plant a flag above $9,000 early on Tuesday, even as on-chain data suggests spiking investor interest in the top cryptocurrency by market value. Prices rose to a high of $9,112 at…
7 Days Left Until the Great Bitcoin Halving:…
On May 3, the research and analysis firm Glassnode reported that the overall BTC hashrate touched another all-time high above 140 exahash per second. As miners continue to hash away at the network, there are…
7 Days Left Until the Great Bitcoin Halving:…
Just recently the price of bitcoin jumped over the $9,000 per coin zone, but retracted back a hair not too long afterward. On May 3, the research and analysis firm Glassnode reported that the overall…
Crypto Long & Short: Why Bitcoin’s Big Rally…
Economic growth figures are starting to trickle in, and, as expected, they’re bad. Really bad. This past week the U.S. reported Q1 GDP growth as -4.8%. Italy’s GDP fell -4.5%, Spain came in at -5.2%, and France trumped that with a whopping -5.8%.…
Bitcoin Has Entered “Optimism” Phase — Is “Belief”…
Data from the blockchain intelligence company, Glassnode, suggests that Bitcoin (BTC) has entered the “Optimism” phase amongst traders. The metric subtracts the net unrealized loss from the net unrealized profit of all circulating Bitcoin supply…
Bitcoin Rises Back to $8.8K Even as US…
Bitcoin is up again Friday as losses are seen in U.S. stock futures. Following a rise of 23% over the last two days, though, the rally looks overstretched and the gains may be short-lived. At…
Bitcoin Rises Back to $8.8K Even as Futures…
Bitcoin is up again Friday as losses are seen in U.S. stocks futures. Following a rise of 23% over the last two days, though, the rally looks overstretched and the gains may be short-lived. At…
Bitcoin Rises Back to $8.8K Even as Futures…
Bitcoin is up again Friday as losses are seen in U.S. stocks futures. Following a rise of 23% over the last two days, though, the rally looks overstretched and the gains may be short-lived. At…
Bitcoin Whale Addresses Hit Highest Number Since August…
Large crypto investors, popularly known as “whales,” seem to be accumulating bitcoin amid the ongoing price rally. The seven-day moving average of the number of addresses holding 10,000 bitcoins or more rose to 111 on…
Bitcoin Hits Highest Level Since Black Thursday Amid…
Bitcoin's rally is gathering pace with the mining reward halving now just 14 days away. The top cryptocurrency by market value rose to $7,800 early on Monday to hit its highest level since March 12…
Bitcoin Halving Searches Go Parabolic: BTC Price Could…
Now just over two weeks out is 2020’s Bitcoin block reward reduction, also known as a “halving.” It’s an event that has become the topic of conversation for many watching the cryptocurrency space. The halving…