Bitcoin Supply Tightens In Side of Continued “Liquidity Crisis”
Bitcoin’s rally has been marked by strong accumulation by long-term holders. The number of BTC on exchanges has decreased strongly in recent months, despite the rally. Analysts think that this can be attributed to institutional players buying Bitcoin for the long haul. These investments are expected to drive BTC higher over time as the supply of coins on the market decreases. Bitcoin Supply Crisis Begins as Coins Leave Exchanges En-Masse Analysts think that Bitcoin is […]
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It’s dog-eat-dog for the return to all-time highs between Bitcoin and Ether, the latest data suggests. Ethereum‘s native token, Ether (ETH), may beat Bitcoin (BTC) to new all-time highs, fresh analysis reveals.In a tweet on Wednesday, Ki Young Ju, CEO of on-chain analytics service CryptoQuant, highlighted a “sell-side liquidity crisis” that could yet give ETH the edge over BTC. Ether liquidity shortfall “intensifying”With Bitcoin up over 50% versus its lows of $29,000, altcoins have also begun to reawaken, with Ether as no exception.The largest altcoin has recaptured $3,000, a level that,....
While Bitcoin’s hashrate has been coasting along above 175 exahash per second (EH/s) and recently reached an all-time high, a global shortage of semiconductor chips could slow the growing industry. The shortfall of supply worldwide has disrupted major industries, and manufacturers like Taiwan Semiconductor Manufacturing Company Limited (TSMC) have seen stocks sink in value. At the same time, application-specific integrated circuit (ASIC) manufacturers are dependent on these chips. Ongoing Semiconductor Shortage Creates Skyrocketing Demand, US Bureaucrats Want to Strengthen American....
Data shows Bitcoin and Ethereum exchange reserves continue their downtrend as the supply shock tightens its grip. Bitcoin And Ethereum Exchange Reserves Trend Downwards As pointed out by a crypto trader in a tweet, both Bitcoin and Ethereum continue to experience a decline in their exchange reserves. The exchange reserve of an asset is an […]
Bitcoin price hit a new 2020 high at $16,765, and traders expect a much larger rally to occur in the near term. The price of Bitcoin (BTC) hit a new yearly high at $16,717 on Binance. Following the breakout, traders expect a larger rally to occur in the near term.There are several reasons why analysts expect a prolonged uptrend. First, Bitcoin cleanly broke out of $16,000, taking out the $16,473 peak achieved on Nov. 13. Second, there is a “sell-side crisis” brewing as more BTC gets accumulated than mined. Third, BTC rallied despite indicators showing overbought signals.BTC/USD 1-hour....
BTC price action may be struggling, but one analyst is hoping for a “sell-side liquidity crisis.” Bitcoin (BTC) available on exchanges is about to hit its lowest levels ever, the latest data shows.As noted by Ki Young Ju, CEO of on-chain analytics platform CryptoQuant, exchange reserves have returned to all-time lows last seen in early May.Time for another Bitcoin “sell-side liquidity crisis?”As of Thursday, the latest date for which figures are available, there was 2.399 million BTC available across major exchanges. May’s low measured 2.390 million.Bitcoin traders have thus reversed a....