Glassnode Observes Narrowing BTC Trading Range Indicating High Short-Term Volatility
This is what Glassnode The figure is only 3.4% This could indicate high volatility in the short term The BTC trading range has narrowed to 3.4% according to Glassnode. Usually such market behavior indicates high volatility in the short term. The tr ...
Number of Bitcoin Wallets Holding 1 BTC Exceeds 1 Million, Making it More Accessible to Investors
Analytics company Glassnode reported that the number of wallets on the Bitcoin network that hold at least 1 BTC exceeded 1 million on May 13. Analysts attribute the marked increase in the figure to a 65% drop in bitcoin last year, which made it much more accessible to inves ...
Bitcoin Long-Term Holders Increase Dramatically, Number Reaches Nearly 45 Million
According to Santiment's analytics, there has been a significant increase in the number of long-term Bitcoin investors. Currently, almost 45 million individuals and businesses are holding Bitcoin for the long haul, marking the highest growth rate since early 2021. It's worth noting that back t ...
Analysts Expect Bitcoin to Surpass $30,000 This Week
Several analysts of the cryptocurrency market at once expect an increase in the cost of bitcoin above $30,000 this week. Bitcoin analyst Willy Woo shared macro indicators on Twitter, confirming, in his opinion, the uptrend of the first cryptocurrency in terms of capitaliz ...
Glassnode Report Shows Almost Half of Total Bitcoins Dormant for Over Two Years
Glassnode recently released data indicating that almost 50% of the total volume of bitcoins has been withdrawn from circulation and has remained dormant for over two years. This amounts to roughly 9.45 million BTC, which at current prices is worth approximately $270 billion. Additionally, near ...
Tether’s Market Cap Surges by $15 Billion in Q1 2023, Reaching All-Time High
In the first quarter of 2023, the stablecoin Tether's market capitalization surged by $15 billion, breaking its previous record set in May 2022. As reported by the cryptocurrency explorer CoinMarketCap, USDT's market capitalization surged by over 20% in the first three months of the year, reachin ...