Bitcoin is currently trading above $107,000 following a recent peak that saw the asset touch a new all-time high above $111,000. Although this marks a 3.9% drop from its highest level, the broader monthly trend remains positive, with BTC still recording a gain of over 10% in the last 30 days. The market, however, has shifted … Read more
Bitcoin’s price saw a wild swing last week, briefly rising above $111,800 on May 23 before dropping to $109,600 today. Despite the sudden dip, the world’s largest cryptocurrency ended the week near $110,000, trading at $109,770 at last check. While short-term volatility continues to rattle some nerves, a growing number of investors and analysts are … Read more
The Bitcoin ‘Exchange Stablecoins Ratio’ has increased recently, according to on-chain data. What it could entail for asset prices. Bitcoin Exchange Stablecoins Ratio Exceeds 5. In a CryptoQuant Quicktake post, an analyst explained that the Bitcoin Exchange Stablecoins Ratio has increased with the cryptocurrency’s price gain. The Exchange Stablecoins Ratio is an on-chain indicator that tracks … Read more
On-chain data indicates that significant Bitcoin investors have persisted in their purchasing activities as the coin’s price nears its all-time high (ATH). Recent trends indicate that Bitcoin investors holding between 10 and 10,000 BTC have increased their holdings. In a recent update on X, the on-chain analytics firm Santiment has discussed the current trend regarding the supply … Read more
On-chain data indicates that Bitcoin could face minimal resistance at $100,000 and beyond, particularly when considering the distribution of investor cost basis. A limited supply of Bitcoin has a cost basis positioned at levels above current valuations. In a recent post on X, institutional DeFi solutions provider Sentora (formerly IntoTheBlock) has examined how the different Bitcoin … Read more