Tag: Data

BTC price now has support above $40K as data shows Bitcoin ‘redistribution event’

Bitcoin (BTC) is “looking pretty good” as the week progresses as bulls line up challenges for several significant resistance levels. In an update to Telegram subscribers on March 2, Filbfilb, an analyst at trading suite Decentrader, joined increasingly bullish sentiment around the outlook for BTC/USD. Trader focuses on levels above $40,000 After surprising the market with a breakout Monday, Bitcoin has risen to challenge February highs. While so far not beating them, investors and traders have reacted extremely positively to the news, and sentiment gauges show a swift transformation taking…

BTC price now has support above $40K as data shows Bitcoin ‘redistribution event’

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Bitcoin (BTC) is “looking pretty good” as the week progresses as bulls line up challenges for several significant resistance levels. In an update to Telegram subscribers on Mar. 2, Filbfilb, an analyst at trading suite Decentrader, joined increasingly bullish sentiment around the outlook for BTC/USD. Trader focuses on levels above $40,000 After surprising the market with a breakout Monday, Bitcoin has risen to challenge February highs. While so far not beating them, investors and traders have reacted extremely positive to the news, and sentiment gauges show a swift transformation taking…

Data Shows Ruble-Denominated Crypto Trading Has Spiked, RUB Represents Over 2% of USDT Trades – Markets and Prices Bitcoin News

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According to reports and data stemming from ruble-denominated crypto trading pairs, Russian citizens are flocking toward cryptocurrencies amid the conflict in Ukraine. Analytical data indicates that the ruble is the sixth most traded pair with tether and tether’s fourth most traded fiat-denominated pair globally excluding two crypto assets. Report Highlights Russian Rubles Pouring Into Tether, Data Shows Binance RUB-Denominated Crypto Trading Pairs Spike 24 hours ago, Bitcoin.com News reported on ruble (RUB)-denominated crypto volumes increasing and further investigation shows the trend has continued. According to a report published by vice.com…

Data Shows Bitcoin Top Buyers Already Capitulated, New Bull Rally Here?

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On-chain data suggests Bitcoin buyers who entered at the top may have already capitulated. Last time such a trend happened was back in July 2021, following which a new bull rally occurred. Lackluster Bitcoin Sell-Off Recently May Suggest Top Buyers Have Already Capitulated As per the latest weekly report from Glassnode, there hasn’t been any significant loss realization recently despite world-changing events taking place this week. The relevant on-chain indicator here is the “net realized profit/loss,” which tells us whether the overall Bitcoin market is realizing profits or losses right now.…

Venezuelan Devs Were Jailed for Hacking Exchange Tied to Controversial Petro. Blockchain Data Cleared Them

The Venezuelan court agreed to take a look at CipherBlade’s report. Based on the investigation’s findings, in January 2021, over a month after the developer duo were detained, the court granted Mendoza and Diaz conditional freedom. In August 2021, the court officially dismissed all charges against them, according to an official document obtained by CoinDesk. Source link

Data Shows Ruble-Denominated BTC Volume Rising, BTC-RUB Prices Jump as High as $46K – Markets and Prices Bitcoin News

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Amid the conflict in Ukraine with Russia, bitcoin trade volumes tied to Russian ruble pairs have surged in recent days. Metrics recorded by the crypto analytics provider Kaiko indicate that ruble (RUB)-denominated bitcoin volume reached close to 1.5 billion rubles four days ago, on February 24. Data also shows that bitcoin-ruble pairs saw a significant premium on February 28, jumping 16% higher than the global average. Russian Demand for Bitcoin Surges Causing BTC-RUB Premiums Statistics show that there’s been a lot of demand for bitcoin (BTC) stemming from Russia during…

Forget Data – Privacy Is the New ‘New Oil’

From an investor’s perspective, there’s a meaningful conversation to be had about privacy-enabled technologies, because wherever there is sufficient demand, there is money to be made. We have seen this interest materialize, with equity raise volumes in privacy and cybersecurity companies hitting nearly $10 billion in 2019. With this renewed interest in privacy, we could expect more to come. Source

Bitcoin traders say $34K was the bottom, but data says it’s too early to tell

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Bitcoin (BTC) price traded down 23% in the eight days following its failure to break the $45,000 resistance on Feb. 16. The $34,300 bottom on Feb. 24 happened right after the Russian-Ukraine conflict escalated, triggering a sharp sell-off in risk assets. While Bitcoin reached its lowest level in 30 days, Asian stocks were also adjusting to the worsening conditions, a fact evidenced by Hong Kong’s Hang Seng index dropping 3.5% and the Nikkei also reached a 15-month low. Bitcoin/USD at FTX. Source: TradingView The first question one needs to answer…

Weekly NFT Sales Continue to Slide, Google Trends Data Shows NFT Queries Down 45% in 30 Days – Markets and Prices Bitcoin News

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Following a lackluster week that saw non-fungible token (NFT) sales slip by 29.35% last week, the last seven days of NFT sales have dropped further losing more than 7%. Out of 12 different NFT-supporting blockchains, Solana was the only gainer, in terms of NFT sales during the past week. NFT Sales Slip Lower Following Last Week’s Lackluster Market Action While cryptocurrency markets have faced extreme volatility during the last two weeks, NFT sales, in general, have felt the wrath of the storm. On February 16, Bitcoin.com News reported on sales…