Bitcoin Holds Steady Above $86K as On-Chain Data Points to ‘Bullish Shift’
Bitcoin has shown signs of stabilization above the $86,000 mark after reclaiming the level earlier this week. This recovery marks a shift in short-term sentiment after several weeks of price turbulence. While the asset remains down approximately 20.2% from its all-time high set in January, the current rebound suggests a pause in downward pressure and a potential reassessment among market participants. Despite the recent uptick, traders and analysts remain cautious. Market behavior has been mixed, with on-chain metrics and trading activity offering differing signals. CryptoQuant contributor....
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Bitcoin continues to show signs of price consolidation, with its value hovering just below the $87,000 mark. As of today, BTC is trading at approximately $86,990, reflecting a 0.8% decline over the past 24 hours. Despite the slight dip, the broader picture shows that Bitcoin has stabilized above $85,000 for several consecutive sessions, signaling a pause in the strong upward or downward momentum observed in previous weeks. Related Reading: Bitcoin Holds Steady Above $86K as On-Chain Data Points to ‘Bullish Shift’ Long Liquidation Indication For The Market While volatility appears subdued,....
On-chain data shows that ETH is quickly vanishing from exchanges. Cointelegraph Consulting explores the causes and impact of this trend. Many researchers and influencers have pointed this out as a bullish sign that illustrates increasing demand for the native token that powers many popular DeFi apps. Others look at this as more of a critical flaw that could make the asset harder to acquire and trade as it becomes progressively more embedded in locked smart contracts and applications.Last spring, the percent of Ether (ETH) supply on exchanges peaked at around 26%, but since then, there has....
Many cryptocurrencies have seen their bull market gains wiped out since the start of 2022 and Ethereum has not been left out. However, investors in the digital asset have fared better than most given how many of them still remain in profit. Data shows that the gainers in Ethereum are still holding steady as half […]
Bitcoin is stable when writing, falling below $60,000 after the encouraging expansion in the second half of last week. The path of least resistance in the short-term is northward since, despite weakness, prices are inside the bullish engulfing bar of September 13. Is The Bitcoin Bottom In? As prices retrace, on-chain data points to strength […]
Blockchain loyalty platform Chain of Points has appointed iPayYou CEO and ex-Amazon executive Gene Kavner to its board of advisors. In a press release issued Tuesday, Kavner, whose startup facilitates Bitcoin payments with merchants including Starbucks, said he was “honored” to join Chain of Points. “Chain of Points is the clear leader in the Blockchain-loyalty market and has realized tremendous growth over the past few months,” he commented. “I look forward to working with the company's management team to drive Chain of Points in the market as an essential component of the retail and....