Bitcoin Accumulator Demand Skyrockets To Record 266K BTC – Strong Holder Conv...
Bitcoin is holding firm above the $110,000 level as investors await clarity on the US Federal Reserve’s monetary policy. The next Fed meeting has become a central focus, with speculation mounting that an interest rate cut could be announced, potentially reshaping risk appetite across global markets. For now, BTC is consolidating within a tight range, […]
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Bitcoin is entering a decisive phase after several days of consolidation and heightened volatility just below its all-time highs. The price has struggled to sustain momentum, raising concerns about weakening strength in the current trend. Bulls are now tasked with defending key support zones to prevent further bearish speculation and maintain the broader uptrend. Related […]
While most cryptocurrency markets are down today in value, dollar-pegged stablecoins have seen significant demand during the last 24 hours. Currently, the entire market valuation of all the stablecoins in existence is roughly $96 billion. The Rise of Fiat-Pegged Stablecoins Crypto assets like bitcoin (BTC) and ethereum (ETH) can be volatile and this has caused demand for stablecoins in recent years. Since July 2017, the stablecoin market has swelled considerably but after April 2020, it skyrocketed. One of the main use cases for stablecoins is so people can hedge their funds when crypto....
After setting a new all-time high of $124,500, Bitcoin is now battling to hold the $115,000 level as support. The bulls, who dominated just days ago, are struggling to spark a fresh rally, leaving the market in a delicate phase. While fundamentals such as institutional adoption and strong holder demand continue to support the broader […]
Despite Bitcoin (BTC) gaining notable traction over the past week – rising from approximately $85,000 on April 21 to nearly $95,000 today – the top cryptocurrency’s Demand Momentum remains significantly subdued, signalling caution among investors. Bitcoin Demand Momentum Continues To Be In Negative Zone According to a recent CryptoQuant Quicktake post by analyst Crazzyblockk, Bitcoin’s 30-day Demand Momentum is still firmly in negative territory. Currently, the 30-day Demand Momentum stands at around -483,860 BTC, while the 30-day Simple Moving Average (SMA) of the same metric....
Bitcoin has undergone an extremely strong rally over the past few weeks and months that has brought it from $10,000 to $24,000. The leading cryptocurrency currently trades for $23,000 after a slight correction. Analysts say that there is a “perfect storm” of demand trends for Bitcoin that has enabled this extremely strong rally. Bitcoin Rally is Being Driven by Critical Demand Trends BTC is expected to move even higher in the medium to long term […]