Bitcoin has recently shown promising signs, registering a golden cross as the 1-7 day UTXO surpassed the 7-30 day UTXO average. This shift indicates increased interest from short-term investors, contributing to a significant price increase of over 11.5% in the past week, pushing Bitcoin above $105,000. Analysts suggest that this momentum could lead to further ...
Crypto analyst Burak Kesmeci has made an optimistic prediction about Bitcoin, suggesting the cryptocurrency could be on an upward trend. Currently, Bitcoin is trading around $104,000, demonstrating stability after a recent price recovery. Kesmeci highlights the Bitcoin NVT Golden Cross metric, indicating a solid potential for price increases as it approaches a local bottom. Historically, ...
XRP has made waves in the cryptocurrency Market, accounting for over 25% of the 24-hour trading volume on Coinbase, totaling more than $1.7 billion. It ranks as the second most traded token on Binance, with an impressive $20 billion in trading volume overall, trailing only Bitcoin and Ethereum. Recently, XRP hit a new record high ...
Tom Lee, a renowned financial analyst, predicts that Bitcoin could reach as high as $250,000 in the next 12 months, largely due to its potential recognition as a strategic reserve asset by the U.S. government. This move would not only enhance Bitcoin’s legitimacy but also position the government as the largest holder of the cryptocurrency. ...
Bitcoin is experiencing a significant surge in exchange net outflows as the recent price rebound strengthens bullish investor sentiment. With Bitcoin’s price recovering to around $96,000, many investors are withdrawing their tokens from exchanges, marking a 270% increase in net outflows in a single day. This shift comes after a period of profit-taking from long-term ...
