Bitcoin Pulls Back To $71,000 As Profit-Takers Strike Again
Bitcoin has retraced back to the $71,000 level, as on-chain data shows profit-taking behavior among investors has once again witnessed a spike. Bitcoin Realized Profit Crossed $20M/Hour During Rally In a new post on X, on-chain analytics firm Glassnode has talked about the latest trend in the Bitcoin Realized Profit, which is an indicator that […]
Related News
The bitcoin market looks to be shrugging off increased selling pressure from profit takers after prices surged this week.
On-chain analytics firm Glassnode has revealed how the different Bitcoin investor cohorts have been reacting to the latest price dip. Bitcoin Conviction Buyers Are Stepping In, But Profit Takers Have Also Surged In a new post on X, Glassnode has discussed about the how the supply associated with the various Bitcoin behavioral cohorts has changed […]
Lightning transaction app Strike has announced cash back rewards for users, granting them returns on purchases thanks to Lightning Network efficiency. The post Strike Announces Cash Back, Letting Merchants Pass On Lighting Network’s No-Fee Benefits appeared first on Bitcoin Magazine.
Huobi Global saw an influx of larger-than-average bitcoin deposits soon before the price drop, an analyst said.
With the broader cryptocurrency market regaining bullish traction, Bitcoin, the largest digital asset, could once again be heading to its all-time high of $125,000. Following BTC’s renewed upward movement, millions of BTC have moved back into profit territory, reinforcing the strength of the ongoing rally. More Bitcoin Is Moving Back Into Profit A significant portion […]