American Bitcoin Dominance Sets New Record: US Platforms Hold 65% More BTC Th...
On-chain data shows the US-based platforms have recently seen their Bitcoin reserve dominance spike to a new all-time high (ATH). Bitcoin US To The Rest Reserve Ratio Has Shot Up Recently As pointed out by CryptoQuant founder and CEO Ki Young Ju in a new post on X, the platforms based in the US have […]
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According to the National Bank of Ethiopia’s directive, which became effective on September 5, persons entering and departing the country in possession of local currency are now subject to new restrictions. Individuals may not hold local currency whose value exceeds $57.00 or 3,000 birr. The directive also sets conditions and circumstances under which Ethiopian residents and non-residents may possess and use foreign currency. Converting All Foreign Currency at Authorized Forex Bureaus The Ethiopian central bank recently issued a directive which sets a limit on the amount of the birr....
Bitcoin price just set a higher high above the current 2023 high and 52-week high. What’s next after this as Bitcoin bulls continue to march upward? Bitcoin Price Sets New 52-Week High Bitcoin price is now trading above $31,800, which was the most recent 2023 high set back in July. Not only did July hold the […]
BTC dominance has always had an inverse effect on the price movements for altcoins. Historically, BTC dominance determines the direction the value of altcoins swings in. Bitcoin has so far maintained majority dominance on the market. But as more time passes, that dominance goes down as altcoins see more demand. BTC dominance simply shows how much demand there is for bitcoin compared to altcoins. The more BTC dominance rises, the lower the demand for altcoins. This means that for altcoins to rally up further, bitcoin demand has to go down. Related Reading | Ethereum Breaks 200,000....
Bitcoin has finally crashed below $30,000 for the first time in a month after the digital asset had recovered above this point following the crash to the $28,000 range in the last month. Market volatility levels have continued to remain low while the digital asset price continues to suffer. Market sentiments seem to remain in the extreme fear range as investors hold off putting more money into digital assets. Bitcoin continues to show bearish tendencies as, despite best efforts, bulls have not been able to drag the coin out of its three-month-long decline. Breaking the critical $30,000....
Bitcoin’s record-breaking start to the new year continued on January 5 after the top crypto set another new all-time high (ATH) of $35,879. Based on this new milestone, the top cryptocurrency has now surged by more than 20% in just the first of five days of the new year. Record-Breaking Start to 2021 Interestingly, the new ATH comes less than 48 hours after the digital asset briefly crashed to just under $30,000 in Monday morning trades. However, since staging another recovery, the digital asset’s traded volumes have also surged in the past 24 hours. Data shows that volumes....