Cryptocurrency Insight
On-chain data shows that Bitcoin miners are making 12.4% of their income from fees after transaction counts reached an all-time high. Bitcoin miner revenue share of transaction fees has increased recently According to data from on-chain analytics firm glassnodeonly 254 trading days in the entire Read More
On-chain data shows that Bitcoin’s active addresses have surpassed levels seen in November 2021, suggesting demand for BTC is picking up. Bitcoin active addresses have seen steady growth recently As one analyst pointed out in a CryptoQuant post, there were concerns in February that the Read More
Long-term Bitcoin holders are once again bullish even as prices recover. This time around, the rate at which more investors are choosing to hold their coins longer is growing rapidly and is now back to 2021 levels when the last bull market was at its Read More
After regaining its bullish momentum, the market’s biggest cryptocurrency Bitcoin (BTC) briefly broke above its key resistance level of $28,700. However, the cryptocurrency pulled back and traded back within its range formed last week between $27,600 and $28,500. Despite this choppy price action, a recent Read More
Crypto investors are becoming more greedy as Bitcoin price breaks the $28,000 resistance. The Crypto Fear & Greed Index has now returned to levels not seen since November 2021, which was around the time the BTC price hit its all-time high. Crypto investors are very Read More
Over the years, Bitcoin has shown an increasingly strong positive correlation with the S&P 500 and other major US stock market indices. When the correlation weakens and turns negative, price movements in BTC can be especially substantial. The top cryptocurrency is now showing the biggest Read More