Bitcoin Price May Turn Lower as Crypto Exchanges See $1B USDT Withdrawal: IntoTheBlock
The previous two occasions when exchanges saw similar USDT outflows earlier this year occurred near local tops in bitcoin’s price, IntoTheBlock analysts noted.
IntoTheBlock
Large Bitcoin Holders Added $5.4B in BTC in July, Data Show
Large holders resorted to bargain hunting in July as the cryptocurrency experienced two-way price volatility.
Bitcoin Whales Bought $1.2B BTC Amid the Price Dip, Fueling the Quick Rebound
Large bitcoin investors substantially increased their holdings as prices dipped below $60,000 in early Friday’s panicky action on the crypto markets ahead of the asset’s much-anticipated halving event.
Bitcoin at Risk of Snapping Historic Winning Streak, but ‘Perfect Storm’ Brews for a Strong 2024
Investors moved the highest amount of BTC to exchanges since March, IntoTheBlock noted, signaling profit-taking after bitcoin’s first eight-week streak of gains since 2017.
Ether Could Hit $3,000 as Soaring Network Activity Turns Token Deflationary
The Ethereum blockchain settled $250 billion of transactions last week, the highest since mid-March, underpinning ether’s bullish outlook.
Bitcoin Stalls at $35K as Gains Flow to Altcoins in Crypto’s ‘Early Bull Market Rotation,’ Analyst Says
Layer 1 cryptocurrencies and DeFi tokens soared this week as bitcoin and ether chopped sideways.
Solana Rallies 26% in a Week Despite FTX Sale Fears; What’s Behind the Move?
Solana (SOL) jumped 11% Friday, and is one of the best performing crypto assets this year with a 170% gain.
Ether Turns Inflationary as Network Revenue Plunges to 9-Month Low
ETH has given up its deflationary status as network fees are falling, putting pressure on the price of the second largest cryptocurrency.
Large Bitcoin Holders Accumulate $1.5B Worth of BTC as Price Wavers
The accumulation by BTC whales suggests optimism among large investors, IntoTheBlock’s head of research noted.