Category: Means
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Bitcoin Correlation With S&P 500 Hits 2-Year High – What This Means For Investors
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Bitcoin price has had another positive performance over the past seven days, looking to end the month and start October on a stronger footing. Continuing its resurgence over the past few weeks, the major cryptocurrency rose to a high of $66,000 on Friday, September 27. Recent data shows that there…
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What the Fed decision means for markets, beyond the near term By Investing.com
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The US Federal Reserve’s decision to cut interest rates by 50 basis points has sent markets into a tailspin, but many are wondering what the long-awaited dovish shift means beyond a short-term reaction. The Fed’s move on September 19 was widely expected, with the central bank also promising another 50…
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What the Fed decision means for markets, beyond the near term By Investing.com
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The US Federal Reserve’s decision to cut interest rates by 50 basis points has sent markets into a tailspin, but many are wondering what the long-awaited dovish shift means beyond a short-term reaction. The Fed’s move on September 19 was widely expected, with the central bank also promising another 50…
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Dogecoin Daily Transactions Reaches 2-Month High At 1.93 Million, What This Means For Price
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Dogecoin price action is lackluster It may change very soon. On-chain data also points to increased activity behind the scenes. In particular, on-chain analytics firm IntoTheBlock revealed a surge in daily transactions on the Dogecoin blockchain, pushing the number to its highest point since July. Doug has It’s not broken…
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Dogecoin Daily Transactions Reaches 2-Month High At 1.93 Million, What This Means For Price
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Dogecoin price action is lackluster It may change very soon. On-chain data also points to increased activity behind the scenes. In particular, on-chain analytics firm IntoTheBlock revealed a surge in daily transactions on the Dogecoin blockchain, pushing the number to its highest point since July. Doug has It’s not broken…
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Bitcoin Active Addresses Crash To 2021 Lows: What It Means
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On-chain data shows that the metric of active Bitcoin addresses has fallen to very low levels recently. Here’s what that could mean for the asset’s price. Active Bitcoin addresses over the 30-day average are now down to just 1 million As CryptoQuant author Axel Adler Jr. explains in a new…
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Bitcoin Active Addresses Crash To 2021 Lows: What It Means
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On-chain data shows that the metric of active Bitcoin addresses has fallen to very low levels recently. Here’s what that could mean for the asset’s price. Active Bitcoin addresses over the 30-day average are now down to just 1 million As CryptoQuant author Axel Adler Jr. explains in a new…
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Bitcoin Open Interest Growth Lags As Price Rebounds: Here’s What It Means For BTC
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As Bitcoin (BTC) recovers from its recent lows around $52,500, open interest in the digital asset is rising much slower than the asset’s price. Bitcoin price rise may be driven by forex market Cryptocurrency trader and investor Daan Crypto made an interesting observation about Bitcoin’s open interest and the asset’s…
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Bitcoin Sees 2 Consecutive Heikin Ashi Signals On The Weekly Chart, What This Means
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This article is also available in Spanish. Cryptocurrency Analyst Jesse Olson A second consecutive Heikin Ashi signal has been highlighted on the weekly chart of Bitcoin (BTC). This comes despite Bitcoin’s recent rally to Up to $58,000indicating that an upward reversal may be on the horizon. What does Heikin Ashi…
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Bitcoin 200-Day Average Signals Waning Bullish Momentum, Here’s What It Means For BTC Price
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This article is also available in Spanish. The 200-day simple moving average (SMA), a key long-term price indicator for Bitcoin, appears to be losing upward momentum as the U.S. economy slows. Added Fewer jobs in August 2024. Bitcoin must overcome the 200-day simple moving average to reverse the trend The…
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Bitcoin, XRP See Declining Whale Activity: What It Means
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This article is also available in Spanish. On-chain data shows that Bitcoin, XRP, and other leading cryptocurrencies have seen significantly less whale activity recently compared to earlier in the year. Bitcoin and XRP are among the assets seeing a decline in whale transactions In new mail In X, on-chain analytics…
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Bitcoin, XRP See Declining Whale Activity: What It Means
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This article is also available in Spanish. On-chain data shows that Bitcoin, XRP, and other leading cryptocurrencies have seen significantly less whale activity recently compared to earlier in the year. Bitcoin and XRP are among the assets seeing a decline in whale transactions In new mail In X, on-chain analytics…
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Ethereum Reserves On Exchanges Climb Sharply Here’s What It Means For ETH
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Although September started on a positive note, recent data shows that Ethereum Reserves Cryptocurrency exchange rates have seen a significant increase, raising questions about a potential impact on the market. The rise in the price of Ethereum on exchanges is seen as a change in investor sentiment, with some traders…
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Bitcoin In ‘Neutral’ Zone: What This Means, According To Analyst
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Bitcoin, the leading cryptocurrency and the largest digital asset, is currently trading at $58,877 after a somewhat negligible price action in the last day. According to Data from CoinMarketCapThe leading cryptocurrency saw more declines than increases in August, resulting in a decline of 8.46% over the month. As September begins,…
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Bitcoin In ‘Neutral’ Zone: What This Means, According To Analyst
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Bitcoin, the leading cryptocurrency and the largest digital asset, is currently trading at $58,877 after a somewhat negligible price action in the last day. According to Data from CoinMarketCapThe leading cryptocurrency saw more declines than increases in August, resulting in a decline of 8.46% over the month. As September begins,…
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Crypto Taxes: What New Zealand’s New Bill Proposal Means
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On 26 August 2024, New Zealand’s Minister of Revenue, Simon Watts, announced, foot A new bill has been introduced to the House of Representatives that could have major implications for the island nation’s cryptocurrency system. The OECD Cryptocurrency Reporting Framework will be implemented The new bill, titled Taxation (Annual Rates…
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Over 80% of Short-Term Bitcoin Holders Underwater — What This Means For BTC
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Meet Samuel Ideyemi, nicknamed HIM-buktu. A web3 content writer, journalist, and aspiring trader, Ideyemi is a multi-talented person. With his flair for words and sense of trends, he has written for several industry players, including AMBCrypto, Blockchain.News, Blockchain Reporter, and more. Edemi’s adventure into the world of cryptocurrencies was cinematic.…
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Over 80% of Short-Term Bitcoin Holders Underwater — What This Means For BTC
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Meet Samuel Ideyemi, nicknamed HIM-buktu. A web3 content writer, journalist, and aspiring trader, Ideyemi is a multi-talented person. With his flair for words and sense of trends, he has written for several industry players, including AMBCrypto, Blockchain.News, Blockchain Reporter, and more. Edemi’s adventure into the world of cryptocurrencies was cinematic.…
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What Harris vs. Trump means for cannabis stocks By Investing.com
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A potential shift in the political landscape is putting a spotlight on cannabis stocks. According to equity research firm Zuanic & Associates, the recent news that President Biden will not seek re-election has sparked a positive reaction in the cannabis sector. Analysts at the firm point out that the possibility…
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Ethereum Open Interest Rises By $1.5 Billion, What This Means?
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Simelor Valeti is a cryptocurrency writer who specializes in journalism and content creation. Although he started out writing on a variety of topics, Simelor quickly developed a knack for navigating the complexities and intricacies of the exciting world of blockchain and cryptocurrencies. Simelor is drawn to the efficiency of digital…