Bitcoin Flatlines As LTH Distribution Hits 810K Coins: Demand Still Absorbing...
Bitcoin (BTC) is attempting to reclaim the $110,000 level after a sharp downside move pressured markets and triggered renewed volatility across the crypto landscape. While this pullback has been uncomfortable for short-term traders, it remains modest compared to the October 10 liquidation crash, which forced out excessive leverage and marked one of the most aggressive […]
Related News
Encouraging signs are appearing across altcoin charts, Michaël van de Poppe says, while Bitcoin offers no surprises with a comedown from 10-day highs. Bitcoin (BTC) stuck rigidly to its tight range on Dec. 23 as price action continued to contradict strong buying activity.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewHodlers busy accumulatingData from Cointelegraph Markets Pro and TradingView showed BTC/USD failing to hold $49,000 after hitting 10-day highs.The pair remained stuck in a trading zone only around $4,000 wide, a key factor fuelling bets that a “short squeeze” would....
After hitting its latest all-time high (ATH) on August 14, Bitcoin (BTC) has been on a steady decline, trading just above the $110,000 level at the time of writing. While some analysts opine that the crypto bull run may be over, on-chain data suggests that there is at least one more major leg up ahead for BTC. Bitcoin Bull Market Over? Not Quite According to a CryptoQuant Quicktake post by contributor CoinCare, as much as 50,000 BTC has been withdrawn over the past two days from crypto exchange Kraken. This was followed by another major withdrawal of 15,000 BTC. The CryptoQuant analyst....
Vertcoin recently announced the move to an elastic distribution model that will bring incredible stability to its value. Adam Rivera, one of the closely associated developers of Vertcoin elaborated the concept further by exemplifying the monopolized demand and supply rate in the market. Taking a jab at Bitcoin, he said: "Many prominent economists have commented that the biggest thing holding Bitcoin back from ubiquity is their inelastic distribution model. The problem is one of market volatility - supply does not ever adjust to demand and thus you get massive swings in price (bubbles and....
Everyone knows that global wealth is unevenly distributed. The top 1% has control over almost 50% of the global economy. But how does bitcoin wealth distribution compare to the global distribution of fiat and fixed assets? This gorgeous infographic explains: It turns out that the distribution of bitcoins among users is even more skewed than the distribution of traditional wealth across the globe. This is understandable, since bitcoin favours early adopters who either mined or purchased their coins a few years ago. Furthermore, the amount of bitcoins in circulation is capped at 21 million,....
According to a Hydro-Québec newsroom report, the company has asked the electricity transmission and distribution regulator, Régie de l’énergie, to cease offering services to crypto miners. The Hydro-Québec report stresses that “growth in electricity demand is expected to continue in Québec. Hydro-Québec Targets Blockchain Industry in Order to Stave off Electricity Demand Cryptocurrency miners in Québec may need to find new sources of energy if Hydro-Québec’s request to the lead distribution regulator Régie de l’énergie is approved. The request mentioned at the end of the electricity demand....