Bitcoin Retail Demand Is Down To 3-Year Lows, Data Reveals
On-chain data shows the demand from retail investors for Bitcoin has slumped to 3-year lows, a sign that may be bearish for BTC. Bitcoin Retail Investor Transfer Volume Has Plummeted Recently As explained by CryptoQuant founder and CEO Ki Young Ju in a new post on X, retail investor demand has seen a sharp decline […]
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The ongoing bitcoin bull market has been nothing short of amazing. Retail interest during the last cycle brought the cryptocurrency only so far, and this cycle, retail plus institutions have pushed the price per coin to new heights. However, new data insights from OKEx partner analytics firm Catallact, revealed that retail investors bought the most […]
Bitcoin’s price has rebounded following a brief selloff seen earlier today that caused it to dip as low as $11,200 The cryptocurrency’s recent strength has come about due to the confluence of multiple factors that have all been helping to drive it higher It remains roughly $1,000 below its 2020 highs that were set in August, however, and there’s still a plethora of underwater investors Data reveals that retail interest in buying Bitcoin seemed to […]
Ethereum is outperforming Bitcoin at spot rates, holding firm above the support zone between $3,000 and $3,300. Although prices retraced yesterday, with the July 29 bar closing with a long upper wick pointing to weakness, ETH holders are upbeat, expecting gains above $4,000. Roughly 30% Of All ETH Staked, Validators Stand At Over 1 Million As Ethereum rejects lower lows and cements its place at second in the market cap leaderboard, other developments could spark demand in the coming sessions. Related Reading: Avalanche (AVAX) Continues Freefall, Sheds 12% In Last 7 Days – Can It Recover?....
Bitcoin ATM units in the U.S. have nearly doubled in a year, indicating a growing demand from retail investors who seek convenience.
The market for crypto mining equipment in Russia has seen strong interest from buyers of both new and used devices, retail data indicates. This year, demand for application-specific integrated circuit (ASIC) machines has multiplied exponentially while video cards have been in short supply leading to rising prices. Crypto Miners in Russia Looking to Increase Computing Power Online retailers have registered a surging demand for mining machines, brand new and second hand, the Russian business daily Kommersant reported. Searches for devices designed to mine bitcoin (BTC), or ASICs, on the....