Cryptocurrency Insight
Breaking news: As Reuters just reported, US authorities are currently coordinating urgent talks to rescue the troubled First Republic Bank (FRC) – for Bitcoin, this could mean a rally once again if history repeats itself as in recent weeks. Already on Tuesday, BTC experienced a Read More
In recent days, Bitcoin price has lost its grip on the $30,000 level and has dropped back down to the $29,000 level. Naturally, this had some effect on the market, dragging some other currencies with it. But metrics point out that this drawdown is just Read More
The recent rise in Bitcoin’s price has been largely attributed to a variety of factors, such as the banking crisis, the dollar’s fall from dominance, and institutional adoption. However, recent data from Bank of America (BoA) analysts suggest that this increase may just be starting Read More
The current trend in Bitcoin’s MVRV index suggests that the cryptocurrency’s continued bullishness may have room to grow further. Bitcoin’s MVRV ratio has yet to reach its 4-year MA As pointed out by an analyst in a CryptoQuant post, the asset price recovery phase is Read More
On-chain data shows that Bitcoin investors have shifted towards aggressive accumulation recently, something that could help sustain the rally longer. Bitcoin Accumulation Trend Score trended towards 1 recently According to data from on-chain analytics firm glassnode, there is a structural similarity brewing between the current Read More
The price of Bitcoin is trading at over $28,000 per coin and is up nearly 78% year-to-date in 2023. This could be just a mere glimpse of things to come, which could be the biggest rally in cryptocurrencies in several years. – even outperforming the Read More
Bitcoin has recovered tremendously in the past week, due to the devastating news of the collapse of the Bank of Silicon Valley, among others. That sent the digital asset climbing to a nine-month high above $28,000 before correcting back lower. In its latest report, Matrixport Read More
While the US banking crisis seems to be getting worse by the day, the cryptocurrency market, including Bitcoin (BTC), has reacted to it in a positive manner. In recent weeks, BTC has risen by almost 40% despite the condition of the financial sector. According to Read More
On-chain data shows that Bitcoin price is now retesting its realized price. Can this help boost asset value and restart the rally? Bitcoin is now retesting its realized price of around $19,700 As an analyst pointed out in a CryptoQuant post, BTC must hold this Read More
Cycle expert Bob Loukas recently shared a long-term view of Bitcoin, which suggests the top cryptocurrency is poised for another uptrend. However, an equity-driven “bump” remains in the way. In this post, we will explain what Loukas means and what can happen when this obstacle Read More