Category: Means
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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…
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Tiger mosquitos, Asian hornets and bed bugs: What climate change means for Europe’s ‘pest demographics’ haunting the Paris Olympics
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About an hour outside of Vienna, the Benny Market in Krems an der Donau prides itself on two things: low prices, and the freshest source of meat and produce. But on a balmy August day last year, shoppers looking for a locally sourced bargain found a more unusual, if less…
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Lawyer Explains What Ripple’s Latest Court Win Means For XRP
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On June 20, Ripple Labs Inc. A pivotal victory in its ongoing legal challenges, specifically in the federal class action lawsuit filed in the Northern District of California. the Status (4:18-cv-06753-PJH), presided over by Judge Phyllis J. Hamilton, has been closely watched by the XRP community due to its potential…
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DeFi Loans Surging To Record 11 Billion And What Does It Means For Market
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The decentralized finance (DeFi) scene has been on the rise recently, with the total value locked (TVL) in DeFi loans reaching $11 billion, the highest level in two years. This explosive growth has been driven by a myriad of factors, including the relentless pursuit of higher returns, the evolving strategies…
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Solana Cup And Handle Pattern Means An At Least 90% Move Against Ethereum, Analyst Says
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Jan Hubel and Jan Allemanco-founders of on-chain analytics platform Glassnode, recently suggested this Solana (Sunday) It could make a big move to the upside for the Ethereum pair. They pointed to the potential rise in the price of Ethereum as another reason why SOL is likely to rise. Solana will…
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Crypto Expert Explains What This Means
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Cryptocurrency analyst Rekt Capital has dropped a bizarre analysis about when Bitcoin might resume its upward trajectory. According to a post on the social media platform This prediction came amid speculation about when and if Bitcoin will continue to rise in price as the current price action of the cryptocurrency…
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Bitcoin & Ethereum Decouple From Trad Markets, What It Means
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Data suggests that Bitcoin and Ethereum have little correlation with traditional markets, implying that the cryptocurrency is determining its own fate. Bitcoin and Ethereum have been masters of their own destinies lately According to market intelligence platform data IntoTheBlockHowever, the correlation between BTC and ETH with traditional markets and commodities…