Bitcoin price reverses gains on New Year’s Eve; hodlers continue stacking sats
BTC price dipped below $46,000 after seeing highs north of $48,500 earlier in the day. Leading altcoins also turned lower. Bitcoin (BTC) and the broader cryptocurrency market turned lower later in the day on Dec. 31, erasing intraday gains to cap off a highly successful year on a weaker note. Market UpdateBTC price fell below $46,000 on Dec. 31 and was last seen hovering below that level, according to data from Cointelegraph Markets Pro and TradingView. The flagship cryptocurrency is down over 5% from its intraday peak and 2.9% on the day to trade at $45,933. Bitcoin's price is back on the....
Related News
“Stacking Sats,” or purchasing small amounts of bitcoin over long periods of time, can pay off.
The idea that panic selling is driving BTC price losses appears less watertight on the back of the latest data. Everyone expects another Bitcoin (BTC) capitulation event, but data suggests that mass buying has already started.In a Twitter thread on June 29, Checkmate, lead on-chain analyst at data firm Glassnode, drew attention to who in Bitcoin is really stacking sats.Shrimp or whale, Bitcoin hodlers are stacking satsBitcoin selling has made the headlines for weeks, and has even begun to include long-term holders (LTHs) — those who have been guarding their coins for 155 days or....
Stacking sats and decentralized finance are more similar economic modes than most realize.
It's not only the duty of the Bitcoin fathers out there, but the obligation to continue to stack sats for our children.
A software developer from Ohio is taking on extra work at Door Dash to grow his stack of Bitcoin. What did you do in the 2022 bear market, anon? For one Bitcoiner, the opportunity to take on a second job to “stack sats” (buy more Bitcoin (BTC)), was too great. Isaiah, the founder of the Cleveland Bitcoin Meetup, is delivering food to Ohio residents to earn cash on the side.Isaiah told Cointelegraph “I joined Door Dash 2 years ago. But I only recently started doing it again once the price fell into the 20[K]s.” Door Dash is an American food delivery service (similar to Glovo or Deliveroo),....