Bitcoin 10% Off Its Highs—But Hidden On-Chain Data Tells a Different Story
Bitcoin (BTC) remains under pressure after failing to recover momentum following its recent record high above $124,000. At the time of writing, the asset is trading at $112,0474, reflecting a decline of 7.5% in the past two weeks. The latest movements come as analysts examine on-chain metrics to assess whether the current slowdown represents a pause in the ongoing bull cycle or the beginning of a broader correction. One of the key indicators gaining attention is Bitcoin’s active addresses metric. According to PelinayPA, a contributor on CryptoQuant’s QuickTake platform, the number of....
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Bitcoin’s price action is still above the $100,000 threshold and within striking distance of its all-time high at $111,700, but its on-chain activity tells a completely different story. According to the latest report from on-chain analytics firm Glassnode, even though Bitcoin’s price is pushing to new heights, underlying blockchain metrics have slipped into territories more […]
There's been quite a few films related to bitcoin, and here's another. Freshly announced: EPIX has announced that the original documentary Deep Web: The Untold Story of Bitcoin and Silk Road is expected to make a world premiere on the premium network in 2015. The film, as the name would suggest, tells the story of websites hidden on the so-called Deep Web. These pages are non-indexed intentionally, and account for 96 percent of the world wide web, as it were. In particular, the film focuses on Silk Road, an illicit marketplace where users can purchase illegal products: narcotics, firearms,....
April is a time for the age-old Easter Egg Hunt in Western Society. Painted eggs are hidden throughout a given area as a treasure to be found by children on Easter Sunday. The game becomes more and more fun the more children you can include in the hunting game. In that spirit, this story may bring out the child in you, as a painter turned Bitcoin enthusiast has created works of art that can turn into a small digital fortune. Now, thousands of adults, just like you, are taking part in the static cryptographic treasure hunt, with valuable Bitcoin hiding in plain sight. Can you crack the....
Antivirus tycoon John McAfee says he has no hidden cryptocurrencies, no assets left as there were all seized by the Feds, no friends, and no regrets. He has shared his story from prison, where he says he has “never felt more free.” McAfee Says He Has No Cryptocurrencies, No Assets, No Friends but Also No Regrets John McAfee is still in a Spanish prison after he was arrested in October last year. He was charged by the U.S. Securities and Exchange Commission (SEC) with fraudulently pumping initial coin offerings (ICOs) and was indicted by the U.S. Department of Justice (DOJ) for....
Xrp was up by nearly 10% on Friday, as the token moved closer to a recent four-month high. The move comes as consumer sentiment data in the United States came in at 58.6, which is higher than August’s reading of 58.2. UNUS SED LEO was also in the green, climbing by as much as 12% in today’s session.
XRP
XRP was up by over 10% in today’s session, as prices moved closer towards a multi-month high.
Following a low of $0.4285 on Thursday, XRP/USD rallied to an intraday peak of $0.503 earlier in the day.
The move saw the token formerly known....