Day: March 16, 2024

Over 533,330 Addresses Bought Above $70,180

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On-chain data suggests more than 533,330 addresses FOMO’d into Bitcoin above $70,180. Following the latest plunge, these investors would all be in losses. Over 500K Bitcoin Addresses Have A Cost Basis Between $70,180 & $71,340 As pointed out by analyst Ali in a post on X, many investors have bought at the recently high price levels. Below is the chart shared by the analyst that shows how the distribution of the BTC supply looks right now across the various price ranges. How the BTC cost basis distribution looks like for…

What On-Chain Analysis Tells Us

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Shiba Inu (SHIB), a popular memecoin, has experienced a notable decline. It dropped nearly 20% over the past week and continued a 13% fall in just the past 24 hours. This downturn occurs amid a broader bearish trend across the crypto landscape. However, detailed on-chain analysis has uncovered specific factors contributing to SHIB’s sharp decline. Whale Movements And Market Influence Insights from IntoTheBlock have shed light on large transaction activities, often indicative of “whale” movements, which have seen a general decrease since March 5, further compounding the downward pressure on…

El Salvador Moves ‘Big Chunk’ of Its BTC to Cold Wallet — President Bukele Says ‘Call It Our First Bitcoin Piggy Bank’

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El Salvador has transferred “a big chunk” of its bitcoin holdings to a cold wallet, President Nayib Bukele has announced. “You can call it our first bitcoin piggy bank,” he said. As of writing, the wallet’s balance totals approximately 5,690 bitcoins. El Salvador Establishes Its First ‘Bitcoin Piggy Bank’ El Salvador’s President Nayib Bukele announced […] Original

Ripple, Cardano, and InQubeta highlight

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As the crypto market gears up, XRP, ADA, and QUBE stand out for their growth potential and innovative contributions, particularly in AI and blockchain technology. The crypto scene is filled with exciting developments. Building up to the bull market is GoDaddy’s integration with ENS, the launch of new cryptos like Starknet and Pixels, and Bitcoin (BTC) hitting $73,000—a new ATH. Massive gains are up for grabs this cycle and…

Key Trend Driving Altcoin Market Toward $425 Billion: Analyst

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Amid the bullish sentiment around the crypto landscape, the Altcoin overall market cap has displayed positive strength as many investors and traders are throwing capital into several altcoins ahead of the bull cycle.  Altcoin Market To Rally Toward $425 Billion Since Bitcoin has surged to a new record high, many cryptocurrency analysts anticipate a surge in the altcoin market cap. Rekt Capital, a cryptocurrency expert and trader, has shared a positive prediction regarding the altcoins market cap with the community on X. The expert analysis delves into the current state…