Here are the key takes: ·       BTC is transitioning from a short-term liquid asset to a long-term illiquid asset. ·       A massive rebranding of Bitcoin as an elite digital asset at par with gold appears to be ongoing. ·       Long term holders are mopping off BTCs from short-term holders for keeps. ·       BTCs legitimacy is re-fortified. The past week […]

Bitcoin (BTC) Price Prediction – May 1 With Bitcoin shooting close to $58,000 once again, it has done little to flip the market sentiment at [...]

In today's on-chain analysis, we take a look at several indicators that give a comprehensive view of the ongoing Bitcoin bull market.

The post On-Chain Analysis: NVT Model, Record Fees and Miners Accumulation appeared first on BeInCrypto.

After some consolidation at $55,000 over the last few days, the world’s largest cryptocurrency Bitcoin (BTC) is once again showing northward momentum. Bitcoin (BTC) has jumped back 10% moving above $58,000 levels. At press time, BTC is trading at a price of $58,099 with a market cap of $1.086 trillion. As per data from CryptoQuant,

The post Bitcoin (BTC) Shoots 10% Above $58,000 After Large Bitcoin Outflow from Coinbase appeared first on Coingape.

A crazy few hours sees volatility return, with spot buyers noticeably in charge over leveraged traders.

More taxes may cause short-term volatility, “but long term, you may see more demand for DeFi applications and other collateralized use cases.”

Ethereum made headlines this week after touching new highs on Wednesday and later on…

The post Monthly Report: Ethereum Sets New High as Banks Show Support for Crypto appeared first on Coin Journal.

The current altcoin season appears to be gaining momentum. Bitcoin Dominance (BTC) has just dropped below 50% and ETH has hit 0.05 BTC — the pair's highest price in over 2.5 years.

The post Altcoin Season Analysis: BTCD Drops Below 50%, ETH/BTC Hits 0.05 appeared first on BeInCrypto.

China is reportedly paying more attention to the crypto mining sector, amid concerns of its growing carbon footprint.

Bitcoin (BTC) Price Prediction – April 29, 2021Bitcoin faces rejection from the $56,000 resistance zone after three days of fluctuating below it. Bitcoin is in [...]

As over $4 billion in BTC options contracts stand to expire, most options traders will feel “max pain,” while options writers could gain.

Today, Bitcoin dropped sharply to the $54,000 support after rejection from the $56,000 high. For the past three days, BTC price has been facing stiff resistance at the $56,000 high.