Bitcoin ‘Permanent Holder’ Demand Is Sharply Rising: Fresh Rally Incoming?
On-chain data shows the Bitcoin investors with no history of selling are back to intense accumulation, a sign that could be bullish for BTC’s price. Bitcoin Accumulation Addresses Have Been Showing High Demand Recently In a new post on X, the on-chain analytics firm CryptoQuant has talked about how the demand is looking from the […]
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Bitcoin price declined sharply towards the $28,000 zone against the US Dollar. BTC is currently rising, but it might face a strong resistance near $33,200 and $33,500. Bitcoin almost 20% towards the $28,000 level before starting a fresh increase. The price is now back above $31,000 and trading nicely above the 100 hourly simple moving […]
Quick Facts: 1️⃣ The Fed’s expected rate cut and low Stablecoin Supply ratio point to rising liquidity and renewed confidence across the crypto market. 2️⃣ A dovish speech by Powell could unlock fresh capital for risk assets, setting up a true ‘Uptober’ breakout. 3️⃣ Post-FTX demand for self-custody continues to grow, boosting interest in wallet-based […]
John Waldron, the chief operating officer (COO) of Goldman Sachs, says the financial services giant is seeing rising customer demand to own and invest in bitcoin. Nevertheless, the COO explained that his organization was still exploring ways of satisfying this demand without running afoul of regulators. ‘How Banks Should Be Regulated When Dealing With Digital Money’ In remarks made during an interview, Waldron, who is also the banking giant’s president, adds that Goldman Sachs “is in discussions with regulators and central banks about how banks should be regulated....
Recent on-chain data suggests that Bitcoin (BTC) whales may be preparing for a potential rally, as Binance BTC withdrawals have seen a notable spike. Additionally, rising stablecoin inflows to exchanges indicate growing buy-side liquidity, reinforcing the market’s bullish sentiment. Bitcoin Whales Foreseeing Major Rally Ahead? According to a recent CryptoQuant Quicktake post by contributor Amr Taha, Bitcoin whales recorded one of the largest BTC outflows from Binance this month. The chart below shows that nearly 4,500 BTC were withdrawn on June 16. Bitcoin whales are defined as wallet....
Ethereum faced an increase in selling and it declined sharply to $550 against the US Dollar. ETH price is correcting higher, but upsides are likely to remain capped near $595 and $600. Ethereum declined sharply below the $600, $595 and $580 support levels. The price is now recovering from $550, but it is below the […]