This Unusual Bitcoin Adoption Metric Sets New ATH
Bitcoin price is as healthy as ever, remaining over $10,000 for its longest stretch yet. Supporting that healthy price action could be an adoption measuring metric reaching an all-time high record. And with the metrics turning its trajectory upward, it could suggest that the cryptocurrency’s valuation will soon follow. Here’s why. Bullish Bitcoin Price Action Potentially Fueled By Underlying Network Adoption Bitcoin price action in 2020 may not have been as bullish as it was […]
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The Bitcoin price has been gaining momentum and steadily rising back to a more bullish price position of $30,000. Despite market downturns, long-term holders of the cryptocurrency are increasing their investments in hopes of a significant bull run. s the holder metric hits a new all-time high. Bitcoin Price Rises As Holder Metric Peaks Bitcoin’s […]
The Crypto Fear and Greed Index, a metric that’s known to measure current market sentiment, fell to its lowest point of 2021. The index, which has continued to fall alongside Bitcoin prices, hit “extreme fear” levels, which have not been observed since April 2020 during the global financial market crash. The metric has continued to […]
While many people focus on the price of bitcoin and its volatility, the true metric of success is adoption.
Analysts note that the XRP price is showing unusual resilience, as a key metric previously seen before short-term rebounds reappears on its chart. In a new technical analysis, crypto market expert Dom points out that the latest market setup mirrors conditions that have led to at least a 10% surge each time this pattern emerges. Recurring Metric Signals 10% XRP Price Surge In an X post released while XRP was still trading around $2.19, Dom highlighted a familiar technical signal, noting that past appearances of a bid-skew metric on the chart have consistently led to sharp price....
A quant breaks down how the Bitcoin NUPL indicator may be able to predict the beginning of a new bull run based on past pattern. How The Bitcoin NUPL Metric May Predict The Start Of Bull Run As explained by an analyst in a CryptoQuant post, the various phases of the NUPL indicator may shed some light relating to the bull run status for BTC. The net unrealized profit and loss (or NUPL in short) is a metric that’s defined as the difference between the market cap and the realized cap, divided by the market cap. NUPL = (Market Cap – Realized Cap) ÷ Market Cap In simpler terms, what....