President Donald Trump has officially signed an executive order to establish a US Bitcoin reserve and a digital asset stockpile, but the reaction from the crypto Market has been negative. Despite the potential for the reserve to reduce the amount of Bitcoin in circulation, analysts suggest that it won’t appreciably boost its value since the ...
Bitcoin’s price has fallen sharply, dipping below $80,000, marking a 20% decline in just a week. This ongoing slump is raising concerns in the Market, with little indication of recovery. Insights from tugbachain on the CryptoQuant platform reveal important trends in Bitcoin’s Market behavior, particularly the UTXO Realized Price Age Distribution, which shows how different ...
Recent on-chain data shows that Bitcoin network activity has significantly dropped over the past few months, reaching its lowest levels since March 2024. According to CryptoQuant’s Julio Moreno, the mempool—a space where pending transactions wait for processing—has become unusually empty, indicating reduced demand for transactions. This downturn is largely due to the waning excitement around ...
Bitcoin faced a notable decline on Friday, dropping below $102,000, signaling the end of a challenging trading week. Despite a generally positive start to January, Bitcoin has struggled to sustain its bullish momentum, with only a slight increase from its all-time high. Glassnode, a blockchain analytics firm, has identified a critical support level at $98,000, ...
Recent analysis indicates that a decline in Bitcoin prices by the year’s end could spark an altcoin rally. A virtual asset management firm, QCP Capital, highlighted that $20 billion in Bitcoin and Ethereum options will expire soon, contributing to increased volatility in Bitcoin. As it struggles to break past the $100,000 mark, the potential for ...
On December 24, 2024, Bitcoin’s price continues to decline, dropping to a critical support level of $92,600 as the anticipated Santa Claus rally fails to materialize. Traders are considering both bearish and bullish strategies; selling BTC/USD with a target of $90,000 or buying with a target of $97,000, accompanied by respective stop-loss levels. Despite good ...
