Bitcoin Holds Above $85K—But These 4 Metrics May Decide What Happens Next
Bitcoin has started the week maintaining relative stability, with its price currently hovering around $87,000 despite a minor 0.4% dip over the past 24 hours. The crypto asset showed upward momentum earlier in the week, briefly rallying beyond $88,000. Although the rally has slowed, the broader market remains focused on whether Bitcoin’s recent performance signals a temporary correction or a more substantial shift in trend. Market analysts have turned to on-chain metrics for additional clarity. One such analyst, Burak Kesmeci, a contributor to CryptoQuant’s QuickTake platform, recently....
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Predicting the bitcoin bottom is something that is done with much fervor by investors in the space since it often means more profit if they can accurately catch the bottom. It often proves to be a difficult task but using blockchain metrics can provide some guidance. Presently, these blockchain metrics have fallen to new lows, […]
CoinDesk Research's Monthly Review for October focuses on Bitcoin and Ethereum plus some of the stories their on-chain metrics are telling us.
The Pakistani government has formed three committees to decide whether to establish a legal framework for cryptocurrency or ban it. The committees will review all aspects of the cryptocurrency business and come up with recommendations on the country’s crypto policy.
Committees Constituted to Decide on the Legal Status of Cryptocurrency in Pakistan
Pakistan’s federal government has constituted three sub-committees to decide the future of cryptocurrency and related businesses in the country, the Express Tribune reported Tuesday citing documents it has seen.
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Bitcoin remains on an upward trend after breaking through $40,000 once again. However, this upward trend has not translated onto on-chain metrics. While the price of the digital asset continues to sit in the green, on-chain metrics have plummeted paining an entirely different picture in relation to price. From miner revenues to transaction fees, the […]
Bitcoin adoption metrics across the board “look awful”, claims a BTC fundamental expert on Twitter. BTC Adoption Metrics Seem To Be Down A BTC fundamental expert on Twitter claims that Bitcoin adoption metrics “look awful”, citing a few charts highlighting the important trends. There are three relevant graphs here that the expert has pointed out, […]