Back at $13K: Bitcoin Unfazed by Profit Takers After Rise to 2020 High
The bitcoin market looks to be shrugging off increased selling pressure from profit takers after prices surged this week.
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On-chain analytics firm Glassnode has revealed how the different Bitcoin investor cohorts have been reacting to the latest price dip. Bitcoin Conviction Buyers Are Stepping In, But Profit Takers Have Also Surged In a new post on X, Glassnode has discussed about the how the supply associated with the various Bitcoin behavioral cohorts has changed […]
With the broader cryptocurrency market regaining bullish traction, Bitcoin, the largest digital asset, could once again be heading to its all-time high of $125,000. Following BTC’s renewed upward movement, millions of BTC have moved back into profit territory, reinforcing the strength of the ongoing rally. More Bitcoin Is Moving Back Into Profit A significant portion […]
Ethereum, the world’s second-largest cryptocurrency by market capitalization, established a new record high on Thursday. The ETH/USD exchange rate reached $1,927 ahead of the London opening bell after surging 4.12 percent. Later, the pair gave up a small portion of its gain to profit-takers. It was trading at $1,896 as of 1224 UTC, still up […]
Crypto markets marginally consolidated on Tuesday, following yesterday’s price surge which saw bitcoin and ethereum both rally to multi-week highs. BTC climbed to $45,000, with ETH moving to $3,200. Bitcoin Bitcoin prices were marginally below yesterday’s high, as profit takers look to have closed some of their positions. BTC/USD rose to an intraday high of $45,293.87 during Monday’s session, however it’s tracking close to $43,354.61 today. Yesterday’s move, which now looks like a false break, moved beyond its recent resistance of $43,770, en route to....
Huobi Global saw an influx of larger-than-average bitcoin deposits soon before the price drop, an analyst said.